Southern Gold non-executive chairman demonstrates faith in company with on-market purchase

Southern Gold Ltd's (ASX:SAU) non-executive chairman Greg Boulton has demonstrated faith in the companys Korean gold exploration strategy with the purchase of shares in an on-market transaction.

On September 25 Boulton acquired 133,528 shares and on September 28 he purchased 66,472 shares with both on-market purchases at 12.5 cents per share for a total value of $25,000.

These purchases in an indirect interest increased the number of securities held in that interest to more than 3.078 million shares.

Diamond drilling approvals[hhmc]

The company recently received regulatory approvals for a diamond drilling program at the Weolyu and Dokcheon projects in South Korea.

A suitable access track for a small rig has been built and drilling is underway at Weolyu.

The Weolyu program is expected to take about two months and following this, it is likely more drilling will bRead More – Source




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