Welcome to Sovereign Gold Company Limited

Sovereign Gold Company Limited (Sovereign Gold) (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.

Key Highlights

• JORC Resource Estimate of 770,000 oz of gold (440,000 oz Indicated; 330,000 oz Inferred), within a total Mineral Resource estimate of 20.5 Mt at 1.1 g/t gold, at various cut-off grades
• Potential for multiple gold pipe targets at Hobbs, located on Gilmore and associated Sutures with proven history of world class mines owned by major gold producers including:

- Newcrest’s Cadia-Ridgeway (60Moz gold equiv.)
- Rio Tinto’s [China Molybdenum] Northparkes (8Moz gold equiv.)
- Barrick’s Lake Cowal (2.8Moz gold equiv.)

• Hobbs Gold-only pipe JORC Resouces estimate of 770,000 oz of gold
• Potential million ounce bulk underground mining proposition
• Confirmed discovery of large IRGS system at Rocky River-Uralla Goldfield
• Rocky River-Uralla Goldfield, fully funded by investment from Chinese SOE JV partner Jiangsu Geological & Engineering Co. Ltd (SUGEC)
• Positive landowner relationships
• Excellent logistics and infrastructure for gold mine development
• Experienced Board and management team with proven track record

World Class Research and Development

Sovereign Gold’s geotechnical team are recognised as leading experts in the identification of Intrusion-Related Gold Systems. This has enabled its scientists to identify the previously unrecognised potential of the Mount Adrah gold asset. Similarly, the new knowledge developed should give Sovereign Gold a competitive edge in identifying further opportunities.

The hypothesis being tested is to develop new and modified techniques to generate significant advances in new knowledge on the understanding, recognition and definition of diagnostic characteristics of Intrusion-Related Gold Systems (IRGS) in Eastern Australia.
The quality and efficacy of Sovereign Gold’s R&D has been confirmed by IRGS World Experts. Michael Leu, Sovereign Gold’s Chief Geologist, recently presented an update of the research at a Conference of the Australian Institute of Geoscientists (AIG) held at Queanbeyan in September 2015.

The research has now been published by the Australian Institute of Geoscientists: Leu, M. R. 2015. Defining Specific Suites of Diagnostic Characteristics of Some Reduced Intrusion-Related Gold Systems in Eastern Australia. Australian Institute of Geoscientists, Bulletin 62: 163-186. (http://www.sovereigngold.com.au/presentations.htm) (ASX: 13 October 2015).
 

last updated 30/05/2016