Tuesday, July 14, 2009

Southern Gold 'strikes gold' in Cambodia

Southern Gold Ltd says it has found significant gold mineralisation at one of its projects in Cambodia.

The gold junior found "a number of prominent gold intersections" during its first reverse circulation drilling program, the company said.

Shares in the company leapt on news of the discovery, which identified gold intersections as rich as 8.8 grams per tonne.

Other metals including silver, copper and zinc also were located at the site.

Southern Gold managing director Stephen Biggins said the maiden drilling program validated the company's confidence in the area.

"I am delighted with the results of this first-pass drill program and look forward to aggressively following-up these results," Mr Biggins said in a statement.

At 1107 AEST, shares in Southern Gold were up 1.5 cents, 15 per cent, to 11.5 cents.

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