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Southern Gold begins fieldwork in quest for rare earths and lithium in South Korea

Published 08/12/2022, 12:13 pm
Updated 08/12/2022, 01:00 pm
© Reuters.  Southern Gold begins fieldwork in quest for rare earths and lithium in South Korea
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Southern Gold Ltd (ASX:SAU) has begun reconnaissance fieldwork in South Korea ahead of schedule following a successful site visit to priority rare earth element (REE) and lithium-tantalum-caesium (LTC) lithium target areas in November.

These priority areas were independently defined by consulting group RSC in a critical minerals prospectivity study, which is now collecting additional data to refine and focus current targets while also generating new areas of interest.

The SAU team also visited the historical Boam Lithium Mine, Hongcheon Fe-REE and Eorae San REE deposits to gain firsthand knowledge of South Korean deposits and validate prospectivity models for new discoveries.

Fieldwork to continue into the new year

Southern Gold will initially focus on stream sediment sampling, mapping and rock chip sampling on the priority areas, continuing into late December and resuming in February after the worst of the winter months have passed.

The generation and refinement of existing and new targets will continue during the winter period.

SAU intends to lodge exploration licence applications once this initial phase of fieldwork is complete and the areas are better defined.

The company currently holds a portfolio of gold-silver projects in South Korea, largely greenfield epithermal gold-silver targets in the south of the country.

Backed by what the company described as a first-class technical team, Southern Gold’s aim is to find world-class deposits in a jurisdiction that has seen very little modern exploration.

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