SXG Drills 124.8 g/t Gold Over 3.6 Metres in 80 Metre Down Dip Step Out Deepest Hole on Project
Published 2024-06-12
Deepest Hole on Project.
Three New High-grade Vein Sets at Depth.
Two New Top 10 and Three New greater than 100 g/t AuEq*m Intersections.
Melbourne, Australia — Southern Cross Gold Ltd (“SXG” or the “Company”) (ASX:SXG) announces results from diamond drill hole SDDSC118 from the Rising Sun prospect at the 100%-owned Sunday Creek Project in Victoria (Refer to Figures 1 to 5 of the announcement released through the ASX on 13 June 2024).
SDDSC118 is the deepest hole on the project, extended high grade mineralisation 80 m down dip (3.6 m @ 124.8 g/t Au) and intersected multiple high-grade structures including 3 new vein sets at depth. The hole recorded 3 additional greater than 100 g/t AuEq x m intersections and two top 10 results for Sunday Creek.
HIGHLIGHTS
• SDDSC118 is the deepest hole on the project and extended mineralisation 80 m down dip with 3.6 m @ 115.0 g/t Au from 1,120.4 m (1,050 m vertically below surface).
• This hole intercepted 11 high-grade vein sets, including 3 new vein sets at depth with 3 additional greater than 100 g/t AuEq x m intersections and two top 10 results for Sunday Creek (0.7 m @ 604.0 g/t Au and 3.6 m @ 124.8 g/t Au) and included seven assayed intervals of greater than 50 g/t Au (with 3 individual assays greater than 900 g/t Au), and four assayed intervals greater than 2% Sb (up to 19.4% Sb). Drill highlights include:
o 3.1 m @ 39.9 g/t AuEq (38.2 g/t Au, 0.9% Sb) from 452.5 m, including:
1.4 m @ 87.9 g/t AuEq (84.6 g/t Au, 1.7% Sb) from 454.2 m
o 0.4 m @ 71.2 g/t AuEq (70.3 g/t Au, 0.5% Sb) from 475.4 m, including:
0.1 m @ 235.2 g/t AuEq (235.0 g/t Au, 0.1% Sb) from 475.4 m
o 0.7 m @ 604.0 g/t AuEq (604.0 g/t Au, 0.0% Sb) from 555.7 m, including:
0.5 m @ 979 g/t AuEq (979 g/t Au, 0.0% Sb) from 555.7 m
o 1.3 m @ 43.3 g/t AuEq (42.5 g/t Au, 0.4% Sb) from 675.1 m, including:
0.3 m @ 201.9 g/t AuEq (200.0 g/t Au, 1.0% Sb) from 675.1 m
o 3.6 m @ 124.8 g/t AuEq (124.8 g/t Au, 0.0% Sb) from 1,120.4 m, including:
0.2 m @ 1,200 g/t AuEq (1,200 g/t Au, 0.1% Sb) from 1,120.4 m
0.2 m @ 1,030 g/t AuEq (1,030 g/t Au, 0.0% Sb) from 1,121.0 m
o 0.2 m @ 36.0 g/t AuEq (36.0 g/t Au, 0.0% Sb) from 1,180.8 m
• Ten drill holes at Sunday Creek are currently being processed and analysed, with four holes in progress.
Southern Cross Gold’s Managing Director, Michael Hudson, states, “At Sunday Creek, the trend is your friend, with drill hole after drill hole continuing to demonstrate continuity, extremely high-grades and new discoveries. This time with drill hole SDDSC118 demonstrating continuity across multiple structures, while defining three new vein sets and drilling the deepest and one of the best intersections at Sunday Creek with 3.6 m @ 124.8 g/t Au from 1,120.4 m, in a large 80 m down dip extension below previously defined mineralisation.
“Additionally, the hole recorded two top 10 results for Sunday Creek (0.7 m @ 604.0 g/t Au as well as the interval above). The tenor of mineralisation is becoming higher grade as we go to depth with the tantalizing prospect that the best is still yet to come at Sunday Creek.”
For complete information
Please refer to the announcement released to the ASX on 13 June 2024 which can be viewed on the website www.southerncrossgold.com.au. Please also refer to the disclaimer found at the end of the video and below.
Important Note - Not financial advice
This video is provided for information purposes only and should not be construed as offering financial advice. Please consult professional advice before making any investment decisions, Southern Cross Gold Ltd may not be suitable for your investment needs.
Competent Person Statement
Information in the announcement that relates to new metallurgical results contained in this report is based on information compiled by Mr. Craig Brown, a Fellow of the Australasian Institute of Mining and Metallurgy can be found in the ASX Announcement.
Important Note: The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code.