Company Update - Mount Adrah Gold Project Shaping up as a major discovery
Sydney, Nov 26, 2013 AEST (ABN Newswire) - Sovereign Gold Company Limited (
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 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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