SXG STRIKES 473.0 G/T GOLD AT SUNDAY CREEK

Multiple High-Grade Structures Extend Mineralisation

Southern Cross Gold Ltd (ASX: SXG) announces results from two diamond drillholes from the Rising Sun prospect at the 100%-owned Sunday Creek Project in Victoria. Both holes intersected multiple high-grade structures, successfully extending mineralisation beyond the modelled domains and defining continuity in other areas.

HIGHLIGHTS

  • SDDSC115A intercepted eleven high-grade mineralised structures at Rising Sun over a downhole width of 365.7 m from 512.4 m. This hole contains six assayed intervals of >50 g/t Au (up to 202 g/t Au), and five assayed intervals >5% Sb (up to 26.3% Sb) with drill highlights:
    • 1.5 m @ 12.4 g/t AuEq (10.6 g/t Au, 1.0% Sb) from 532.6 m
    • 0.2 m @ 25.9 g/t AuEq (15.4 g/t Au, 5.6% Sb) from 573.7 m
    • 0.1 m @ 95.3 g/t AuEq (87.1 g/t Au, 4.3% Sb) from 719.5 m
  • SDDSC117 was drilled to test strike continuity of two high-grade targets in the footwall of the mineralised host and intercepted eight mineralised structures. This hole contains 3 assayed intervals of >20 g/t Au (up to 473.0 g/t Au) with drill highlights:
    • 0.5 m @ 473.1 g/t AuEq (473.0 g/t Au, 0.0% Sb) from 913.6 m (ETW 0.3 m)

Southern Cross Gold’s Managing Director, Michael Hudson, states:

Sunday Creek continues to produce impressive news, release after release. Today’s announcement discloses another set of extremely strong high-grade drill results from the Rising Sun project area. The holes were successful on multiple fronts as they extend mineralisation beyond the bounds of the exploration target area as well as define continuity in other areas.

“Both holes reported here also each delivered a >100 g/t AuEq x m intersection. The project now contains a total of thirty-eight (38) of these significant hits. Importantly, the frequency of these significant hits continues to increase as we drill towards depth and understand the controls on high-grade mineralisation better.

“With a 60 km drill program set to more than double the drill metres into the Sunday Creek project over the next year, SXG will expand this globally significant gold discovery via logical step outs along strike to increase volume along with the start of detailed controlled downhole NAVI-drilling program that aims to target continuity of super high-grade areas.

“Additionally, planning for a regional scale IP geophysical survey is underway that will test the 10 km long trend along strike from the core drilled area to further demonstrate the district scale potential of Sunday Creek.”

Read the full announcement

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