Friday, 04 December 2009 06:53 DAP-NEWS
(Posted by CAAI News Media)
Southern Gold Limited, an Australia-based company, has commenced diamond core drilling at its 100 percent-owned Snoul gold in Kratie province and base metals tenements in Cambodia, the company said on Thursday.
“The 2,500m program is testing the continuity of gold mineralization intersected at the Anchor Prospect including … and at the nearby O’Pok prospect areas and will also test several other prospects identified from soil and trenching results,” Southern Gold said.
According to Southern Gold, this will be the first diamond core and drilling that will be completed on its Cambodian projects.
It is planned that the drilling operations will involve utilizing two to three man portable diamond core drill rigs, and two RC multi-purpose drill rigs.
Southern Gold said it expects continuous six month flows of drilling results from Cambodia. Cambodia is becoming a fresh country for mien exploration companies and investment.
Keat Chhon, deputy prime minister and minister of economy and finance, said on Tuesday at the national assembly that mine exploration is also conducting at area between Oddar Meanchey province and Banteay Meanchey province. “We have to attract investors to develop mine land that we could gain benefit to develop the country,” Keat Chhon said, as mines will provide huge benefits for the economy.
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