SXG continues high-grade hits at Sunday Creek, VIC
Project Name: Sunday Creek Project
Project Location: Victoria, Australia
Project Stage: Advanced Exploration
ProjectBank Summary:
Southern Cross Gold Ltd (ASX: SXG) is pleased to announce results from three diamond drill holes (SDDSC110, 113, and 114) from the Rising Sun prospect at the 100%-owned Sunday Creek Project in Victoria. The results continue to demonstrate the high-grade potential of the Sunday Creek gold-antimony project, with significant intersections and predictable mineralisation patterns.
Southern Cross Gold Highlights:
SDDSC113 was drilled to test the strike extent and continuity of four high-grade vein sets. All high-grade targets were intersected as expected, with drill highlights:
0.9 m @ 156.8 g/t AuEq (156.0 g/t Au, 0.4% Sb) from 468.1 m
15.5 m @ 5.0 g/t AuEq (3.4 g/t Au, 0.9% Sb) from 558.0 m
5.3 m @ 13.7 g/t AuEq (10.5 g/t Au, 1.7% Sb) from 575.6 m
0.9 m @ 332.9 g/t AuEq (327.7 g/t Au, 2.8% Sb) from 702.4 m
1.2 m @ 17.4 g/t AuEq (16.9 g/t Au, 0.3% Sb) from 736.0 m
4.1 m @ 23.4 g/t AuEq (22.6 g/t Au, 0.4% Sb) from 751.0 m
SDDSC113 intercepted nine mineralised structures over 473 m @ 1.7 g/t AuEq (1.6 g/t Au, 0.1% Sb) uncut, containing eight assayed intervals > 50 g/t Au (up to 684 g/t Au) and six intervals > 5% Sb (up to 18.4% Sb).
SDDSC114 was designed to test a specific target on the RS100 vein set and intercepted:
2.7 m @ 18.1 g/t AuEq (14.5 g/t Au, 1.9% Sb) from 628.5 m
2.7 m @ 19.7 g/t AuEq (19.2 g/t Au, 0.3% Sb) from 766.5 m
Six drill holes at Sunday Creek are currently being processed and analysed, with four holes in progress.
MD/CEO Statement:
Michael Hudson, Managing Director, commented: "Sunday Creek’s systematic and unabated production of multiple high-grade gold and antimony drill results continues. These latest results further demonstrate the predictability and high-grade nature of the project, reinforcing our strategy to focus on grade and volume expansion to demonstrate the district scale of Sunday Creek. With only one-third of our core 1 km x 1 km drill area tested and a 10 km strike extension to the system, we are still in the early days of our discovery journey. We look forward to continuing our exploration efforts and unlocking further value for our shareholders."
