Proactive Investors Australia
Southern Gold is a gold focused resources business with advanced exploration assets within Australia and Cambodia.
Southern Gold (ASX: SAU) is ramping up in Australia and Cambodia after raising up to $5 million to progress exploration on the company’s highly prospective gold projects in both countries.The funds were raised through the placement of up to 40 million ordinary shares at an issue price of 12.5 cents per share.
In Australia, the exploration programme will primarily involve drilling on the Bulong Gold Project in Western Australia, following‐up a recent outstanding gold intersection of 66 metres at 2.9g/t gold which was intersected in joint funded drilling amid a range of multiple large gold intersections on the boundary of the Bulong South Project, 30 kilometres southeast of Kalgoorlie.
No comments:
Post a Comment