Southcorp Capital Inc (STHC)

[Zardiw]

$STHC Gold Project:

Gold deposits found in Seruwawila

18 Oct 2019

By Thilakarathna Dissanayaka

Geological surveys conducted recently have revealed a gold deposit of 100 sq.kilometers buried in an area centering Seruwawila, Geological survey and Mine Bureau Chairman Asela Iddawela said.

The Chairman said he hoped to seek foreign investors willing to work in accordance with the policies and procedures adopted by the bureau to join with the GSMB to carry out further surveys based on the data and geological elements available.


GSMB director General Dr.C.H.E.R. Siriwardena also affirmed the presence of gold ore within the Seruwawila copper and iron deposit in an area of about 100 km in Arippu and Kollakulam.


He also said further surveys are needed to ascertain the economical viability of the expected gold deposit and samples have to be analyzed to see the possibility of finding Palladium, Platinum elements.If the survey reveals positive results foreign investors can be attracted to develop the ore.

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