Southern Cross Gold Scores Big Sunday Creek Gold Hit in Deepest Hole

THE DRILL SERGEANT: Southern Cross Gold (ASX: SXG) returned home from the RIU Sydney Resources Round-up and quickly announced new drilling results from the company’s 100 per cent-owned Sunday Creek project in Victoria.

Southern Cross Gold reported results from drillhole SDDSC064 that returned:

1.2 metres at 121.8 grams per tonne gold from 889.6 m.

The company explained this to be from the deepest mineralisation at 830m vertically below surface, scoring a 115m down-dip extension and one of the two highest grade intersections to date, behind the previous intersection from drillhole SDDSC061 of 12m at 7.4g/t gold equivalent (AuEq), including 0.3m at 249.5g/t AuEq.

Southern Cross also highlighted the importance it is placing on the increasing abundance of visible gold at depth at Sunday Creek that is typical for epizonal deposits.

“SDDSC064 intersected five high-grade veins with visible gold, including 1.2 metres at 121.8 grams per tonne gold,” Southern Cross Gold managing director Michael Hudson said in the company’s ASX announcement.

“This is the deepest mineralisation and one of the two highest grade results drilled to date at Sunday Creek.

“The scale of the mineralised system continues to grow and deliver significant results at a globally leading hit-rate.

“At Sunday Creek, and as is typical for epizonal deposits (for example Fosterville and Costerfield, Reefton (NZ)), visible gold becomes increasingly significant at depth.

“The hole importantly extended mineralisation to depth, being a 115 m down-dip extension from SDDSC061.

“It demonstrated increased frequency of high-grade mineralised vein sets.

“Further, it has defined continuity and increased strike length (up to 60 m) of individual veins and defined a broad mineralised halo intersecting 212.8 metres at one gram per tonne gold around high-grade mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE