Southern Cross Gold Strikes Big Gold Hit

THE DRILL SERGEANT: Southern Cross Gold (ASX: SXG) rattled the market with the announcement of “the best hole drilled to date” at the company’s 100 per cent-owned Sunday Creek project in Victoria.

Southern Cross Gold reported recent drilling encountered “a spectacularly wide and high-grade intersection of gold-antimony mineralisation”.

The excitement came from drillhole SDDSC077B undertaken at the project’s Rising Sun prospect that intersected:

404.4 metres at 5.6 grams per tonne gold equivalent (AuEq) (5.1g/t gold, 0.3 % antimony) from 374m (uncut).

The hole traversed 13 individual high-grade vein sets, including seven intervals greater 100g/t gold (up to 2,670g/t gold), 20 intervals greater than 15g/t gold and 20 intervals greater than 5 per cent antimony (up to 55.8% Sb).

“This is the best hole drilled at Sunday Creek, with almost three times more contained gold as our previous best hole,” Southern Cross Gold managing director Michael Hudson said in the company’s ASX announcement.

“It is also one of the top drill holes drilled globally by any ASX-listed gold company this year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE