Sovereign Gold Company Ltd.: Company Update - Mount Adrah Gold Project Shaping up as a major discovery
26.11.2013 | ABN Newswire
Sydney, Australia (ABN Newswire) - Sovereign Gold Company Ltd. (ASX:SOC) presents a Company Update presentation entitled, "Mount Adrah Gold Project Shaping up as a major discovery".Major Intrusion Related Gold System. Hobbs Pipe Intercepts include 886m @ 1.2g/t Au from surface, 826m @ 1.3g/t Au from surface and 178m @ 2g/t Au from 400m
Multi-million ounce potential
Located in southern NSW on the prolific Gilmore Suture hosting world class-mines such as 60 Moz Cadia/Ridgeway and 8 Moz Northparkes
Hobbs Current Resource 650,000 ounces gold @ 1.23 g/t at a 0.75 g/t cut-off - and growing
Multiple intrusive-hosted gold targets additional to Hobbs Pipe
Recent drilling uncovers high-grade reef intersections outside Hobbs Pipe in Castor System - 10m @ 18 g/t Au and 1.2m @ 58.6g/t Au
Potential large-scale open cut, and high-grade narrow vein and bulk underground mining propositions
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SOC-769956.pdf
About Sovereign Gold Company Limited:
Sovereign Gold Company Ltd. (ASX:SOC) is an Australian-based gold exploration and development company that holds a highly prospective tenement package, for Intrusion-Related Gold Systems (IRGS), in New South Wales, Australia. Sovereign Gold holds 11 Exploration Licences covering over 3,240km2 near Armidale in NSW, including the historic Rocky River-Uralla Goldfields. Sovereign Gold's aggressive exploration program in several of these licence areas is funded via a joint venture (at the tenement level) with Jiangsu Geology & Engineering Co Ltd (SUGEC), a major Chinese State-owned geology enterprise. The other area of focus is the Mt. Adrah Project, approximately 50km southeast of the regional NSW centre of Wagga Wagga and 23km northwest of the historic mining district of Adelong, via an 87% interest in unlisted Gossan Hill Gold Limited. This area contains the recently discovered, world-class, Hobbs IRGS deposit which is currently under evaluation.
Contact:
Sovereign Gold Company Ltd.
T: +61-2-9251-7177
F: +61-2-9251-7500
WWW: www.sovereigngold.com.au