Southern Cross Gold (ASX:SXG)

Southern Cross Gold’s first hole from yet another step out has delivered an equivalent grade of 3g/t gold over 48.9m from its 100%-owned Sunday Creek project in Victoria.

The step-out RC increases mineralisation to over 700m strike, demonstrating a new area beneath the Golden Dyke historic mine and other extended mineralised zones.

Drillhole SDDSC049, drilled below old workings at Golden Dyke for the first time in a new shoot with broad zones of mineralisation and seven high-grade intersections (>10 g/t AuEq) grading up to 38.2 g/t AuEq (34.0 g/t Au and 2.67% Sb) and with abundant visible gold.

This follows drill hole SDDSC0451 (89.5m @ 1.9 g/t AuEq including 3.8 m @ 28.9 g/t AuEq) reported by the Company on Monday, which was located 525 metres east at Apollo. 

“Over the last two weeks we have tripled the extent of high-grade zones drilled at Sunday Creek and SDDSC049 delivers yet another >100 g/t x m AuEq, with 19 drillholes now exceeding this threshold on the project – an exceptional hit rate,” Managing Director, Michael Hudson said.

“Sunday Creek keeps on beating expectations with high grade mineralisation now identified in our first drilling under the most productive historic mine on the project at Golden Dyke.

With three high grade areas now drilled over a 700 m strike at Golden Dyke, Rising Sun and Apollo we are witnessing the unveiling of a significant mineral system that keeps on delivering grade, scale and width in spades.”

Price Action

The Companys ASX-listed shares have risen 5.88 per cent to 36c in opening trade.

Highlight Results

• 1.4 m @ 6.8 g/t AuEq (0.3 g/t Au, 4.09% Sb) from 195.8 m, including 0.4 m @ 22.97 g/t AuEq (0.7 g/t Au, 14.10% Sb) from 195.8 m 
• 13.7 m @ 9.4 g/t AuEq (6.6 g/t Au, 1.79% Sb) from 201.3 m, including 2.7 m @ 20.9 g/t AuEq (10.4 g/t Au, 6.59% Sb) from 204.4 m, 2.3 m @ 27.9 g/t AuEq (24.7 g/t Au, 2.01% Sb) from 211.0 m

About Southern Cross Gold

The Southern Cross Gold corporate branding embodies important characteristics of the new entity. The blue lettering acknowledges the state colour of Victoria, and the gold recognises the Victorian goldfields. The Southern Cross is a constellation also represented by the Australian , providing ideas with a robust cultural significance to all Australians. The main 7-pointed star represents the unity of the six states and the territories of the Commonwealth of Australia and the addition of a miner’s pickaxe within the body of the star reflects the central place that mineral exploration has in Australia and, of course, to Southern Cross Gold.