Geophysics Confirms Large Gold System Potential
Sydney, June 28, 2012 AEST (ABN Newswire) - Sovereign Gold Company Limited's (
ASX:SOC) airborne magnetic and radiometric airborne data collected over the Rocky River-Uralla Goldfield has been examined at a detailed scale using a range of specialist filters to process and display data enhancements to ensure the maximum amount of interpretive content.
This state-of-the-art technology has revealed the existence of numerous potential gold-bearing targets for assessment and possible drilling that will be detailed in the coming weeks. This is especially so for the Frasers Find and Diggers Shaft gold mineralisation, reported herein, that are potentially linked small parts of a very large gold mineralised target.
The known mineralised structure at Frasers Find is at least 250 metres long and assayed up to 2.47 ounces of gold, 57.5 ounces of silver and 5.95% lead per tonne. Note the mapped gold mineralisation within this structure extends right to the sub-circular geophysical anomaly.
The sub-circular structure potentially represents the alteration halo above a small intrusive gold-bearing pluton (Figure 2) that has released goldbearing fluids into the surrounding rocks via mineralised fractures and disseminations.
Drilling has commenced at Frasers Find and mineralisation intersected. The geophysical studies have provided potential for a significantly larger gold target.
To view the complete Sovereign Gold announcement including Figures 1 - 5, please click the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-SOC-684198.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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