Iondrive Limited · ASX:ION
Iondrive — Southern Gold — Investor Presentation (September 2022)
22 slides from Iondrive's investor presentation, September 2022
Slide 1: Southern Gold Corporate Presentation September 2022
SOUTHERNGOLD South Korea SOUTHERNGOLD September 2022 Corporate Presentation ASX Ticker: SAU
Slide 2: Disclaimer
SOUTHERNGOLD Disclaimer Forward-looking statements The information in this presentation is published to inform you about Southern Gold Limited (“Southern Gold”) and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. These may inc
Slide 3: Southern Gold: Focused Strategy
SOUTHERNGOLD Southern Gold: Focused Strategy Aim: Discovery of high-grade precious metal deposits in South Korea • 100% focus on South Korea • Focus on Au-Ag-Cu • Under-explored, stable jurisdiction • First-mover advantage • Highly experienced team; well established in-country • Project generation f
Slide 4: South Korea: Geologic Context
SOUTHERNGOLD South Korea: Geologic Context Cretaceous-Age Mineral Deposits NE Asia Epithermal vein discovery 1988 • NE Asia is an emerging world- class metallogenic province with extensive and diverse mineral deposits • Major precious metal mineralising event occurred in the Cretaceous Period 145-70
Slide 5: South Korea: Historical Context
SOUTHERNGOLD South Korea: Historical Context Epithermal vein discovery 1988 First recognition of epithermal mineralisation in South 15m wide Lighthouse Vein Cut slab of Lighthouse Korea: Colloform banded quartz – rhodochrosite – base southern coast of Gasado Island. Vein, colloform banded metal sulp
Slide 6: People: Geology Team
SOUTHERNGOLD People: Geology Team Scott Randall Craig Panther, Chief Geologist Consultant (Ex Ivanhoe) Geologist with Very senior exploration extensive international geologist with extensive experience, experience throughout NE Asia; Anglo Oceana/China/Mongolia – American, Eldorado track record of e
Slide 7: People: The Board
SOUTHERNGOLD People: The Board Board of Directors Greg Boulton, Doug Kirwin, Chairman NED Extensive commercial and resource Geologist with over 50 years experience sector experience spanning over 40 including several well-known mineral years discoveries, including in South Korea Peter Bamford, Micha
Slide 8: YTD Activities
SOUTHERNGOLD YTD Activities • Major exploration push to develop new exploration targets - data compilation and targeting study to bring in new projects - targeting Cretaceous age basins. • Combination of greenfields “conceptual” targeting and brownfields targets in historic mining districts. . • Def
Slide 9: Data Compilation and Targeting
SOUTHERNGOLD Data Compilation and Targeting 9
Slide 10: South Korea Infrastructure
SOUTHERNGOLD South Korea Infrastructure 10
Slide 11: New Projects 2022
SOUTHERNGOLD New Projects 2022 • 720 man-days in the field, 40,000 km, 1474 samples up to July 2022. • 71 new licence applications up to July 2022 – increased exploration portfolio to 429 sq Km. • 4 new Brownfields projects, several greenfields • Relinquished several previously assessed projects and
Slide 12: Deokon
SOUTHERNGOLD Projects: Deokon • Well-developed and extensive paleo- hydrothermal system with associated epithermal alteration and lode- to vein-hosted gold-bonanza silver mineralisation. • Mined primarily in the 1970’s as a multilevel underground mining operations • High grade gold and silver sample
Slide 13: Dokcheon
SOUTHERNGOLD Projects: Dokcheon • Lies along significant structure that hosts Sangeun and Eunjok gold-silver mines; several historical gold-silver mines • Three quartz vein zones identified – true widths exceed one metre – minimal mapping • Historical clay-alunite mine associated with epithermal vei
Slide 14: NEW Geoje Island Angsan Project
SOUTHERNGOLD Projects: NEW Geoje Island Angsan Project • Surrounding historic Geoje gold-copper mine • Polymetallic stockwork-breccia epithermal gold- copper silver deposit. • High gold grades within licence application area adjacent to mine – potential for along-strike extensions under cover • Evid
Slide 15: NEW Geoje Island Angsan Project
SOUTHERNGOLD Projects: NEW Geoje Island Angsan Project • Rhyolitic quartz-feldspar dyke mapped 4.5 km SE of Geoje mine • Surrounding country rock strongly silica- sericite altered with Fe-oxide sheeted vein networks • Evidence for intrusive system driving Geoje mine mineralisation Molybdenite within
Slide 16: NEW Sangju Project
SOUTHERNGOLD Projects: NEW Sangju Project • Historical goldfield with numerous abandoned mines and prospects • Historical production 1927-1943 185,000 oz • Gold hosted in NE-striking quartz lodes within granite-gneiss – mesothermal style • Vein lengths up to 1500m, 0.75m wide • Workings on multiple
Slide 17: NEW Gampo Project
SOUTHERNGOLD Projects: NEW Gampo Project • Six applications surrounding historic Geumryong Copper-gold mine - includes area covered by historic Sokcheon Gold mine – now site of a quarry operation • Area drilled by KORES 1970s, KORES research study in 2015 • Reported Sokcheon drill results - non JORC
Slide 18: NEW Gasado North Project
SOUTHERNGOLD Projects: NEW Gasado North Project • Two licence applications 2km north of operating Gasado epithermal gold-silver mine • Underlying clay mining right • Several vein systems identified across the island by Ivanhoe geologists in 1990s - most undrilled • Gasado mine mineralisation has spa
Slide 19: NEW Horizon Project
SOUTHERNGOLD Projects: NEW Horizon Project • Horizon prospect: series of narrow quartz veins in zone 200m wide in rhyolite dome grading up to 10 g/t Au • Lies within NNW-trending structure over 20km long; SW margin of possible graben • Zone includes SAU Hampyeong Project, historic Deogeum gold mine,
Slide 20: NEW Dado Project
SOUTHERNGOLD Projects: NEW Dado Project • Adjacent to pyrophyllite clay mine; altered rhyolite flow dome complex; lithocap eroded • Abundant pyrite and elevated Barite • Central part of magmatic-hydrothermal system; large alteration halo • Elevated gold grades in rhyolite quartz porphyry breccia rid
Slide 21: What's Coming Up?
SOUTHERNGOLD What’s Coming Up? q Additional Targeting Sep q Working up key areas for drilling in 2023; Oct-Nov continued Project Generation fieldwork q Firming up drill targets Dec-Jan q Drilling commences – Project details Feb YTBD q Business Development Initiatives Ongoing *COVID19 travel restrict
Slide 22: Contacts
SOUTHERNGOLD Contacts Robert Smillie Physical Address: 10 George Street Managing Director Stepney, South Australia Office: +61 8 8368 8888 5069 rsmillie@southerngold.com.au Australia info@southerngold.com.au Postal Address: Web Address: PO Box 255 www.southerngold.com.au Kent Town SA 5071 22
Southern Gold — Investor Presentation (September 2022) on 6ix