SUNDAY CREEK UNCOVERS EXCEPTIONAL GOLD GRADES

SXG reports bonanza gold intersection from its continued up-dip drilling at Victoria’s Sunday Creek

Southern Cross Gold Ltd (ASX: SXG) has revealed extraordinary gold intersections from its ongoing drilling at the Sunday Creek Project in Victoria, highlighting the high-grade potential of the RS50 vein.

Highlights:

  • High-Grade Intersection: SDDSC091 at Rising Sun hits 20.0 m @ 62.7 g/t Au, including sections with gold grades up to 1,490 g/t.
  • RS50 Vein Expansion: The drilling extends the known high-grade zone by 100 m up-dip.
  • Broad Exploration Program: Seventeen holes have assays pending, with deep drilling at Apollo extending the mineralization 500 m below surface.

Southern Cross Gold’s Managing Director, Michael Hudson, provided the following statements:

Sunday Creek delivers yet again with the second-best individual intersection on the project of 20.0 m @ 63.6 g/t AuEq (62.7 g/t Au, 0.5% Sb) from 430.0 m. The hole was significant as it was drilled from the NE to SW to target the RS50 vein set alone, in a scissored orientation to drillholes SDDSC077B and SDDSC082.

Further drilling continues to highlight the significance of the Sunday Creek discovery, with extremely high grades observed across the project, within multiple veins sets (up to 23 defined to date with more being found), with continuity in individual named vein sets now established over +500 m from surface to depth.

We look forward to seeing the project continue to develop with SXG holding $11.8 m cash as of last quarter, with four drill rigs currently operating and 19 km of drilling planned from now through to April 2024, with many holes still in the laboratory.

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