SXG extends mineralization 450m down dip at Golden Dyke, VIC
Project Name: Sunday Creek Gold-Antimony Project
Project Location: VIC, Australia
Project Stage: Advanced Exploration
ProjectBank Summary:
Southern Cross Gold Ltd (ASX: SXG) has announced the results from four diamond drill holes (SDDSC114W1, SDDSC120, SDDSC121, and SDDSC121W1) at the Sunday Creek Gold-Antimony Project in Victoria. The latest drilling has extended mineralization 450m down dip at Golden Dyke and revealed high-grade gold and antimony intersections at Rising Sun. Notable results include 3.4m at 53.7 g/t Au and 0.4m at 291.3 g/t Au. A fifth drill rig has been added to the project to accelerate exploration efforts, with ongoing drilling at the Christina prospect.
Southern Cross Gold Highlights:
SDDSC121W1 intersected six high-grade vein sets at Rising Sun:
0.4m at 311.3 g/t AuEq (291.3 g/t Au, 10.6% Sb) from 622.6m
3.4m at 56.0 g/t AuEq (53.7 g/t Au, 1.2% Sb) from 661.1m, including:
1.9m at 98.2 g/t AuEq (94.7 g/t Au, 1.9% Sb) from 661.7m
SDDSC120 drilled at Golden Dyke, intersected five mineralized domains:
2.7m at 6.1 g/t AuEq (4.5 g/t Au, 0.8% Sb) from 600.4m, including:
0.9m at 12.9 g/t AuEq (9.6 g/t Au, 1.7% Sb) from 602.1m
0.5m at 3.7 g/t AuEq (3.7 g/t Au) from 937.0m
A fifth drill rig has arrived at the site, drilling at the Christina prospect located 500m west of Golden Dyke. Eight drill holes are currently being processed and analyzed, with five holes in progress.
MD/CEO Statement:
Michael Hudson, Managing Director, commented: "Intersecting mineralization 450m down dip below Golden Dyke in a parallel structure speaks to the multiple opportunities to extend the volume of mineralization down dip. Although moderate grade, this very large step shows, for the first time, the mineral system continuing 450m below the main historic mines on the project. Given the success of the system getting better at depth in the adjacent Rising Sun and Apollo areas, we have high expectations. Now we have five rigs drilling at site, we look forward to more than doubling the meters drilled at Sunday Creek via the 60 km of drilling planned over the next year."
