Gold intersections under Southern Cross
THE DRILL SERGEANT: Recent infill drilling carried out by ASX-listed junior gold play Southern Cross Goldfields has delivered a series of high-grade intersections.
The drilling was carried out on the Golden Orb deposit, part of the company’s 100% owned Marda gold project in Western Australia.
The company said the latest results have strengthened the resource extension and mining potential for Golden Orb at depth.
The recent deep drilling intersections at Golden Orb include:
– 8 metres at 8.5 grams per tonne gold from 119m, including 4m at 14.5g/t gold, and
– 10m at 3.9g/t gold from 93m, including 4m at 7.8g/t gold.
Southern Cross also said the new results demonstrate continuity with one drill hole being located 20 metres east of historic drilling, which intersected 6 metres at 6.3 grams per tonne gold, including 3m at 9.7 g/t gold.
The second new hole was located 20 metres east of other historic drill holes that intersected 3m at 15.8 g/t gold and 7m at 5.4 g/t gold respectively.
The recent intersections compliment near surface, high-grade intersections previously announced by the company.
Southern Cross considers this to indicate Golden Orb’s potential as open pit high-grade feed source for the proposed 400,000 tonne per annum processing facility at Marda Central.
“We wanted to demonstrate the resource extension and mining potential at depth at Golden Orb with this aspect of the current drilling program and it has delivered on both counts,” Southern Cross Goldfields managing director Glenn Jardine said in the company’s ASX announcement.
“Our previously announced near surface drilling results marked Golden Orb as a potential early high grade open pit feed source.
“The results of this new deeper drilling now point to high grade underground mining potential as well.”
Southern Cross will now incorporate the results into a revised JORC Mineral Resource estimate to be undertaken once all assay results are received.
Golden Orb forms part of the company’s gold production and consolidation strategy in the region.
Southern Cross is currently conducting a feasibility study into the establishment of a 400,000tpa modular gold plant at Marda to treat ore from its Marda and Southern Cross deposits.