Southern Gold Releases Prefeas for Aussie Mine

Australian Mining reports that Southern Gold (ASX:SAU) is moving forward with a potential new gold mine in Australia, having released its prefeasibility study results.

As quoted in the market news:

The study indicated the Cannon Gold resource, located 30 kilometres from Kalgoorlie, could produce more than 68,000 ounces of gold over its three-year mine life.

The company said the pre-feasibility study outlined an open pit and underground development strategy that is “technically feasible and delivers a positive economic outcome”.

Read the full story in Australian Mining