FINANCE VIDEO: Sovereign Gold (ASX:SOC) Executive Director and CEO Nicholas Raffan Updates on Current Malaysian Projects
Sydney, July 18, 2011 (ABN Newswire) - Sovereign Gold (
ASX:SOC) Executive Director and CEO, Nicholas Raffan (Nick), is author of the Raff Report and a highly sought after resources analyst and market commentator.
Nick is a resource equities and business cycle specialist with extensive experience in both stock broking and funds management.
Nick has over 30 years experience as a geologist, finance professional and mineral economist. For over 20 years he has worked within financial markets split between stock broking and portfolio management.
His previous roles include Co-Portfolio Manager of the New York listed Scudder Gold Fund, Senior Mining Analyst and Vice President for the Zurich Scudder Group, and Economist for Minerals and Energy, Westpac Banking Corporation. Nick started his professional career at Kennecott Explorations Australia in the 1970s.
View the Video Interview here:
http://www.abnnewswire/press/en/68353/Sovereign-Gold
Project Overview
The exploration objective of Sovereign is to delineate gold resources on Exploration Licences 6483, 7491 and Exploration Licence Applications 4053 and 4065.
Geological field traverses have been conducted over the target areas and extensive desktop reviews of historical data and open file reports have been undertaken. Field traverses have been completed confirming the view that the tenements potentially represent an Intrusion Related Gold System (IRGS).
In simple terms, IRGS deposits represent a geological model developed in 1999 which relies on gold existing in the fluids associated with the magma (White, 2001), and the inevitable discharge of these hydrothermal fluids into the wall-rocks (Lowenstern, 2001).
Available production records indicate that the Rocky River-Uralla Goldfield yielded 5,193 kg (approximately 167,000 ounces) of gold mostly from Tertiary deep leads during the period 1858-1967.
There are also many historic hard rock gold workings, but preliminary modern exploration only commenced recently and no drill testing has been undertaken to date.
The 2003 Geophysical Survey, QN114 conducted by the GSNSW, showed that the hard rock gold workings are derived from magmatic fluids and could therefore represent a much larger mineralising system, raising the possibility that undiscovered lodes should be present.
About Sovereign Gold Company Limited
Sovereign Gold Co Ltd (ASX:SOC) is an Australian-based specialist gold exploration company. Sovereign Gold has a portfolio of quality tenements located in Eastern Australia where there is known potential for the occurrence of Intrusion-Related Gold Systems (IRGS). Sovereign Gold has a highly prospective tenement package covering the Rocky River-Uralla Goldfield, 21km southwest of Armidale, NSW, Australia. Sovereign owns the recent Mt Adrah Hobbs IRGS discovery south-east of Wagga Wagga, NSW.
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