ASX Release Wednesday 10 August 2016 Cave explorers check South Korean gold mine Cave explorers descend into small historic gold mining shaft at the Weolyu South project in South Korea, confirming the target epithermal quartz vein at depth Scout diamond drilling at another South Korean gold project, Kochang, returns brecciated quartz veins in drill hole KCDD002 Progress at Second South Korean Project Area: Weolyu South Australian gold miner, Southern Gold Ltd (“Southern Gold”), advises that the novel use of cave explorers has been employed to initiate exploration on a second gold- silver project in South Korea, Weolyu South, located about 150km southeast of the capital Seoul (Figure 1). A small team of South Korean cave explorers (Photo 2 and 3) was engaged to gain access to the bottom of a small shaft within an artisanal scale mine at Weolyu South (approximately 20m below surface). This enabled the exploration team to confirm, in a qualitative fashion, the target of the old mine workings. Photo 2: Cave explorers prepare to descend into the Weolyu South shaft Photo 3: Cave explorers advance to lower level of the Weolyu South workings Shares ASX Code: SAU Issued: 42.9M Placement: 3.43M (TBC) Shares Post Placement: 46.33M Directors Greg Boulton AM (Chairman) Simon Mitchell (MD) Michael Billing David Turvey Head Office Southern Gold Ltd Level 1, 8 Beulah Rd Norwood SA 5067 Telephone: (08) 8368 8888 Facsimile: (08) 8363 0697 [email protected]www.southerngold.com.au ABN: 30 107 424 519 Postal Address Southern Gold Ltd PO Box 255 Kent Town SA 5071 Photo 1: Sulphidic zone in quartz vein, KCDD002, Kochang For personal use only
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epithermal quartz vein at depth For personal use only - ASX · -2- The mine workings do not appear on any government maps or records. Adjacent to the mine workings are mullock heaps
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ASX Release Wednesday 10 August 2016
Cave explorers check South Korean gold mine
Cave explorers descend into small historic gold mining shaft at
the Weolyu South project in South Korea, confirming the target
epithermal quartz vein at depth
Scout diamond drilling at another South Korean gold project,
Kochang, returns brecciated quartz veins in drill hole KCDD002
Progress at Second South Korean Project Area: Weolyu South
Australian gold miner, Southern Gold Ltd (“Southern Gold”), advises that the novel
use of cave explorers has been employed to initiate exploration on a second gold-
silver project in South Korea, Weolyu South, located about 150km southeast of the
capital Seoul (Figure 1).
A small team of South Korean cave explorers (Photo 2 and 3) was engaged to gain
access to the bottom of a small shaft within an artisanal scale mine at Weolyu
South (approximately 20m below surface). This enabled the exploration team to
confirm, in a qualitative fashion, the target of the old mine workings.
Photo 2: Cave explorers prepare to descend into the Weolyu South shaft
Photo 3: Cave explorers advance to lower level of the Weolyu South workings