SXG identifies significant exploration target at Sunday Creek, VIC

Project Name: Sunday Creek Project

Project Location: Victoria (VIC), Australia

Project Stage: Advanced Exploration

ProjectBank Summary: Southern Cross Gold Ltd (ASX: SXG) has announced the maiden gold and antimony Exploration Target at its flagship 100%-owned Sunday Creek Project in Victoria, Australia. The Exploration Target demonstrates the scale and high-grade gold-antimony potential of the Sunday Creek Project, which has been drilled over the past year. The target area covers approximately 50% of the known strike of the main drill area, encompassing the Rising Sun and Apollo zones.

Southern Cross Gold Highlights:

• Exploration Target ranges:

  • Lower case: 4.4 million tonnes @ 7.2 g/t AuEq for 1.0Moz AuEq

  • Upper case: 5.1 million tonnes @ 9.7 g/t AuEq for 1.6Moz AuEq

• Potential mineralisation within the Exploration Target:

  • Notable drill results include:

    • SDDSC063: 1.5m @ 6.6 g/t AuEq from 25.2m

    • SDDSC038: 1.4m @ 13.1 g/t AuEq from 305.5m

    • SDDSC093: 3.9m @ 1.5 g/t AuEq from 503.0m

    • SDDSC093: 0.1m @ 10.5 g/t AuEq from 524.8m

    • SDDSC093: 0.2m @ 11.1 g/t AuEq from 528.7m

    • SDDSC068: 9.6m @ 2.0 g/t AuEq from 1,010.4m

    • SDDSC049: 9.6m @ 13.3 g/t AuEq from 204.4m

    • MDDSC018: 1.8m @ 9.5 g/t AuEq from 202.3m

    • VCRD004: 3.0m @ 5.5 g/t AuEq from 160.0m

    • SDDSC086: 2.8m @ 7.4 g/t AuEq from 252.7m

    • SDDSC086: 3.1m @ 21.3 g/t AuEq from 266.5m

    • SDDSC090: 9.8m @ 4.6 g/t AuEq from 346.9m

• Exploration ongoing with 4 rigs:

  • Drilling within, along strike, and down dip from Rising Sun and Apollo continues.

MD/CEO Statement: Michael Hudson, Managing Director of Southern Cross Gold, commented: "Sunday Creek is a rare high-grade discovery. This Exploration Target is the first early opportunity to demonstrate the scale and high-grade potential suggested by the last year of successful drilling. Notably, the Exploration Target is constrained to the current drill footprint at Apollo and Rising Sun, with significant potential to increase the size of the exploration target with high-grade drill results drilled up to 450m beyond the Exploration Target area. These are early days, and we expect further drilling to continue expanding the multi-million-ounce potential and high-grade tenor of Sunday Creek."