Southern Gold Ltd is a successful gold explorer listed on the Australian Securities Exchange (under ASX ticker “SAU”).
Southern Gold owns 100% of a substantial portfolio of high-grade gold projects in South Korea that are largely greenfield epithermal gold-silver targets in the south-west of the country. Backed by a first-class technical team, including renowned geologist Douglas Kirwin, Southern Gold’s aim is to find world-class epithermal gold-silver deposits in a jurisdiction that has seen very little modern exploration.
Southern Gold is also looking to commission a small scale mine in South Korea within the next 18 months with development partner London-listed Bluebird Merchant Ventures (BMV) at either the Kochang or Gubong project where the company retains a 50% equity interest.
Mr Simon Mitchell, Managing Director
Mr Mitchell is a geologist and corporate executive with 29 years of resources industry experience in technical and finance roles including 10 years gold exploration and mine development experience with Normandy NFM, RGC Exploration, Goldfields and Aurora Gold in countries as diverse as Australia, Bolivia, Chile, Papua New Guinea and Indonesia.
During 2013-2014 Mr Mitchell was Managing Director of Asiatic Gold Ltd, an unlisted public company with gold exploration and development projects in South Korea, a company he subsequently acquired in 2016.
Mr Mitchell has been Managing Director of Southern Gold Ltd since February 2015 and has overseen a significant expansion in its asset base and exploration activities.
What is your rationale for attending 121 Mining Investment?
Building investor awareness of the unique exploration and development opportunities in South Korea.
What recent news would you like to highlight to investors attending?
Ultra high grades on surface view exposures at Deokon, South Korea.
Results >30g/t Au and / >1% Ag
What are your key goals for the next 3, 6 and 12 months?
Maiden drilling at multiple projects.
Au-Ag discovery confirmed in one project.
Multiple discoveries confirmed with Maiden JORC resource definded
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Drilling execution risk with poorly equipped and experienced Korean contractors. We have introduced and Australian-Chinese drilling company into the mix to help performance.
In a sentence, what do you think makes your company such a compelling investment?
Potential for multiple, very high grade gold-silver discoveries in an excellent jurisdiction flying below the radar screen of most investors and mining companies.