- Southern Cross (SXG) intersects visible gold from recent drilling work at its Sunday Creek project in Victoria
- The best results from six holes drilled in the area include a 0.3-metre hit grading 249.5 grams per tonne (g/t) gold
- Drilling continues at the Sunday Creek project, with four rigs in progress at the Golden Dyke, Rising Sun and Apollo prospects
- Southern Cross is awaiting final assays for nine holes and is still busy drilling another four
- SXG shares are down 2.9 per cent and trading at 67 cents at 1:53 pm AEDT
Southern Cross (SXG) has struck visible gold from recent drilling work at its Sunday Creek project in Victoria.
The best results from six holes drilled in the area include a 0.3-metre hit grading 249.5 grams per tonne (g/t) gold. This result came from a wider 12-metre hit grading 7.4 g/t gold from 688 metres.
Multiple points of visible gold were observed between 691 to 695.1 metres.
SXG has struck its first near-surface mineralisation drilling 200 metres east of the Apollo prospect, intersecting 17.2 g/t gold over 0.5 metres from a 26.2-metre downhole depth.
Meanwhile, the company said it had drilled the second-deepest mineralised intersection at its project to date at 690 metres.
SXG Managing Director Michael Hudson said the further strong results validated a transitioning system.
“The development of free gold, with the concurrent reduction of antimony grades, is important in this transitioning system and is similar to what is observed in similar epizonal deposits that have been tested to depth including Fosterville and Costerfield,” Mr Hudson said.
“Our footprint of high-grade mineralisation is now extending both along-strike and to depth with the distance between SDDSC063 and SDDSC061 being 935 metres, with mineralisation now extending in the main drill area over 1350 metres.”
Drilling continues at the Sunday Creek project, with four rigs in progress at the Golden Dyke, Rising Sun and Apollo prospects.
Southern Cross is awaiting final assays for nine holes and is still busy drilling another four.
SXG shares were down 2.9 per cent and trading at 67 cents at 1:53 pm AEDT.