Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Miner calls gold, silver drill tests 'significant'

Miner calls gold, silver drill tests 'significant'

Miner calls gold, silver drill tests 'significant'

AUSTRALIAN mining firm Southern Gold announced Wednesday “significant” gold and silver mineralisation in results from the first drill of the 2009-2010 season at its Anchor prospect in Snoul, Kratie province.

Results from a further six “eagerly anticipated” test drills at the site are due by April at the latest, added a statement by the Adelaide-based miner, which fully owns the concession.

“Southern Gold’s work at Anchor is part of the company’s aggressive exploration programme under way in Cambodia during the 2009-2010 field season,” it added.

With phase 1 of drilling in the prospect completed, the firm said it would begin phase 2 next month.

“Both drill phases are designed to target the source of [a] significant gold trench,” Wednesday's announcement added.

Southern Gold’s stock rose 4.76 percent at the close of Sydney trading following the announcement to A$0.11 (US$0.10) after hitting A$0.15, its highest value since February 23.


  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of

  • American ‘fugitive’ arrested in Cambodia outside of US Embassy

    An American citizen was arrested on request by the US Embassy in Phnom Penh on Tuesday, according to Cambodian police. Major General Uk Hei Sela, chief of investigations at the Department of Immigration, identified the man as American Jan Sterling Hagen, and said he was

  • One Australian, one Cambodian killed in explosion at military base

    Updated: 5:20pm, Friday 16 March 2018 An Australian tourist and a Cambodian soldier were killed in an explosion on Thursday afternoon at an army base in Cambodia’s Kampong Speu province. The Australian, whom the government initially identified as a technical demining expert in his 40s, and

  • Peeling back layers of prehistory in Battambang

    When the man passed away, he had not yet reached 50. He belonged to a tribe that had settled near the Sangker River in Battambang province, likely cultivating the fields and raising animals. On the side, they hunted for boars, and even turtles, one of which