How does Southern Cross Gold plan to increase both volume and grade at Sunday Creek?
Southern Cross Gold Ltd
4 2

How does Southern Cross Gold plan to increase both volume and grade at Sunday Creek?

In an exciting development for the mining industry, Southern Cross Gold Ltd (ASX: SXG) has announced remarkable drill results from its Sunday Creek Project in Victoria, Australia. The company unveiled a long intersection with extraordinarily high-grade gold-antimony mineralization, highlighting the ongoing success of its flagship project. This achievement reinforces Southern Cross Gold's commitment to increasing volume and demonstrating grade as it continues to explore the Rising Sun Prospect.

SDDSC092: A Remarkable Discovery

The standout discovery in this update is the drilling of SDDSC092, which has revealed an impressive intersection with an extremely high-grade gold-antimony mineralization. Notably, this intersection includes:

9. 3 meters @ 94. 9 g/t Au, marking it as the third-best result on the entire project to date.

Story Continues.. after this ad because we need some dollarydoos

This remarkable discovery was made within a broader interval of 382. 3 meters @ 3. 4 g/t AuEq (3. 1 g/t Au, 0. 2% Sb) starting from 382. 3 meters (uncut). What's even more striking is that twelve intervals within this broader section boast >20 g/t Au, with the highest assay reaching an astonishing 1,610 g/t Au. Additionally, there are twenty intervals with >15 g/t Au, and eight intervals containing >5% Sb, with the highest reaching 21. 2% Sb.

Continuity of High-Grade Vein Sets

The significance of SDDSC092 extends beyond its outstanding grades. It confirms the continuity of structure and grade, emphasizing the robust nature of the mineralization at Sunday Creek. The hole's location is particularly notable as it represents a 33 to 44-meter strike extension on the same horizontal level as the previously reported drillhole SDDSC077B, which encountered 404. 4 meters @ 5. 6 g/t AuEq (uncut), traversing an impressive 13 individual high-grade vein sets.

Selected highlights from SDDSC092 include:

6. 2 meters @ 4. 1 g/t AuEq (2. 1 g/t Au, 1. 2% Sb) from 406. 2 meters, including 0. 3 meters @ 58. 7 g/t AuEq (29. 0 g/t Au, 18. 8% Sb) from 412. 0 meters.

11. 7 meters @ 4. 4 g/t AuEq (2. 8 g/t Au, 1. 1% Sb) from 424. 3 meters, including 0. 6 meters @ 78. 3 g/t AuEq (48. 6 g/t Au, 18. 8% Sb) from 427. 6 meters.

5. 4 meters @ 6. 2 g/t AuEq (6. 2 g/t Au, 0. 0% Sb) from 604. 6 meters, including 0. 6 meters @ 51. 8 g/t AuEq (51. 7 g/t Au, 0. 1% Sb) from 609. 0 meters.

18. 3 meters @ 5. 0 g/t AuEq (4. 4 g/t Au, 0. 4% Sb) from 655. 1 meters, including 0. 2 meters @ 173. 8 g/t AuEq (160. 0 g/t Au, 8. 7% Sb) from 655. 1 meters and 1. 2 meters @ 27. 5 g/t AuEq (27. 1 g/t Au, 0. 3% Sb) from 668. 7 meters.

9. 3 meters @ 95. 9 g/t AuEq (94. 9 g/t Au, 0. 6% Sb) from 677. 0 meters, including 1. 8 meters @ 489. 4 g/t AuEq (484. 5 g/t Au, 3. 1% Sb) from 683. 1 meters.

Rising Sun Area Remains Open

One of the most exciting aspects of this discovery is that the Rising Sun area remains open, with further exploration and assays pending for an additional 15 holes. Currently, four holes are still in progress, suggesting the potential for more significant findings in the near future.

Southern Cross Gold's Managing Director Speaks

Michael Hudson, Managing Director of Southern Cross Gold, expressed his enthusiasm for the latest drill results. He highlighted the company's strategy of increasing volume and demonstrating grade, which has yielded exceptionally high grades consistently at Sunday Creek.

Hudson pointed out the significance of SDDSC092, emphasizing the importance of this high-grade discovery. Notably, the intersection of 1. 8 meters @ 489. 4 g/t AuEq (484. 5 g/t Au, 3. 1% Sb) in SDDSC092 stands out as the third-best intersection on the entire project to date.

Furthermore, Hudson stressed that this discovery reaffirms the strike continuity of multiple high-grade vein sets, contributing to building volume in the NW-SE orientation. He likened the gold and antimony formations to a relay of vein sets, each representing a rung on a ladder that extends from the surface to depth.

Continued Exploration and Exciting Prospects

Southern Cross Gold remains committed to ongoing exploration during the summer period, with 15 holes in the laboratory awaiting analysis. The company anticipates continued news flow as both the weather and drill results warm up at Sunday Creek.

About Sunday Creek Project

The Sunday Creek epizonal-style gold project covers an area of 19,365 hectares, located 60 kilometers north of Melbourne. Southern Cross Gold holds the freehold land of 133. 29 hectares in the main drilled area at the Sunday Creek Project.

The mineralization at Sunday Creek is characterized by a relay of vein sets that cut across intensely altered rocks. These veins resemble the rungs of a ladder, extending from the surface to significant depths. Ongoing step-out drilling aims to uncover the full potential extent of this mineralized system.

Geologically, the project is situated within the Melbourne Structural Zone in the Lachlan Fold Belt, featuring a regional host of interbedded turbidite sequences of siltstones and minor sandstones metamorphosed to sub-greenschist facies.

Southern Cross Gold's latest announcement is a testament to the company's dedication to exploring and discovering high-grade gold-antimony mineralization at the Sunday Creek Project. The exceptional results from SDDSC092 and the ongoing exploration activities in the Rising Sun area bode well for the future of the project, positioning Southern Cross Gold as a key player in the gold mining industry. As further assays are completed and additional holes are drilled, the prospects for this project continue to shine brightly.

Promote your business on our growing investor platform: Advertise With Us

Like

Reply 126 Share