CEO Presentation To AGM
Sydney, May 28, 2012 AEST (ABN Newswire) - Sovereign Gold Company Limited (
ASX:SOC) is pleased to provide a CEO Presentation following the Annual General Meeting being held today at 3pm on Level 2, 131 Macquarie Street, Sydney.
HIGHLIGHTS of the YEAR
- Exploration, although early stage, has confirmed Sovereign Gold has discovered a very large IRGS. Never explored in modern times and never drilled prior to Sovereign Gold.
- Proof of Concept validates potential for a major discovery
- The Gold mineralisation discovered at Martins Shaft and the Goldsworth Mine is very significant as this style of mineralisation is predicted by Sovereign's IRGS exploration model.
- Application of the exploration's teams understanding of controls on gold mineralisation in this large system has identified several high priority drilling targets.
- Potential target model of several satellite mineralised zones of up to 100,000 ounces Au along the mineralised structures within the field, with a global target of hosting >1M oz.
HIGHLIGHTS
- Airborne geophysical survey and ground mapping has revealed a system of kilometres of gold channelling conduits that define a very large gold mineralised system that extends at least 11km from north to south and 6.5km from east to west.
- Multiple walk-up, near-surface drill ready targets. Sovereign has identified more than 15 separate gold lodes and numerous geophysical and geochemical anomalies in a large mineralising system over 60 sq. km.
- Airborne geophysical survey has identified 36 additional targets for follow-up.
- Senior Geoscientists from the NSW Geological Survey are collaborating with Sovereign as the new understanding of these gold systems has potential to invigorate gold exploration in the New England Fold Belt.
- Purchased MAC200 Diamond Drill rig, reduces drilling costs by at least 60% whilst providing increased mobility for multiple target testing.
- Sovereign Gold is now a leader in exploration for IRGS and has the ability to swiftly identify multiple potential gold lodes and target this mineralisation through cleverly calculated programmes.
- 2012 Drilling campaign commenced Saturday 26 May 2012.
To view the complete Sovereign Gold presentation, please click the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-SOC-680285.pdf
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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