LykeShares
ASX Mining News
Sign up
Login
Sign Up
(current)
Watchlist
Feedback
Advertise With Us
Profile
Home
Search
Watchlist
Advertise
Feedback
Profile
Is Southern Cross Gold's High-Grade Gold Strike Redefining Victoria's Mining Landscape? — ASX:SXG| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$SXG
Is Southern Cross Gold's High-Grade Gold Strike Redefining Victoria's Mining Landscape?
Southern Cross Gold Ltd Unveils Significant High-Grade Gold Strike, Extending Mineralization Westward
Southern Cross Gold Ltd (ASX: SXG) has uncovered remarkable high-grade mineralization, alongside the identification of two new vein sets from recent drill holes at its 100%-owned Sunday Creek Project in Victoria. The company's latest discovery, extending mineralization 250 meters west of the previous drilling, marks a significant 29% increase in the known strike length.
A Promising Expansion
The drilling campaign revealed high-grade mineralization within two new vein sets, expanding westward and reaching depths of 240 meters below the surface between the historically active Golden Dyke and Christina mining areas. This groundbreaking discovery has widened the drilled footprint of mineralization to over 1.1 kilometers within the core area.
The results from the recent exploration campaign demonstrate the potential for multiple vein set extensions and repeats at considerable depths within an undrilled area spanning approximately 700 meters. These promising findings stretch from the westernmost
...
See More
drilling at Rising Sun (SDDSC082) to Christina (Figure 3).
Remarkable Drill Results
Key highlights from the recent drilling include exceptional findings:
SDDSC086 (150 meters west of previous drilling):
2.8 meters @ 7.4 g/t AuEq (4.4 g/t Au, 1.9% Sb) from 252.7 meters, notably including 0.5 meters @ 38.4 g/t AuEq (22.1 g/t Au, 10.3% Sb) from 252.7 meters.
3.1 meters @ 21.3 g/t AuEq (20.6 g/t Au, 0.4% Sb) from 266.5 meters, including 1.8 meters @ 35.3 g/t AuEq (34.5 g/t Au, 0.5% Sb) from 266.5 meters.
SDDSC090 (250 meters west of previous drilling):
9.8 meters @ 4.6 g/t AuEq (4.0 g/t Au, 0.4% Sb) from 346.9 meters, notably including 2.2 meters @ 12.7 g/t AuEq (11.0 g/t Au, 1.1% Sb) from 347.6 meters.
However, among the reported holes, SDDSC083 found itself between mineralized veins sets, resulting in a broad, low-grade result. Meanwhile, SDDSC089, positioned 100 meters below and 30 meters northwest of SDDSC086, revealed a lower-grade, along-strike halo. One notable intersection included 1.5 meters @ 2.3 g/t AuEq (2.3 g/t Au, 0.0% Sb) from 334.1 meters. The limited drilling with only four holes implies that much of the mineralized host in this area remains untested.
Current and Future Endeavors
Currently, sixteen holes (SDDSC092-106, 109) are undergoing processing and analysis, with four holes (SDDSC107, 108A, 110, 111) currently in progress, signifying an ongoing and robust exploration campaign to unearth further mineralization prospects.
Southern Cross Gold Ltd continues to unlock new gold prospects, igniting excitement within the mining industry with these recent exceptional findings at the Sunday Creek Project. These advancements are expected to chart new territories for the company's mineral exploration endeavors in Victoria.
... View
1 Like
0 Reply
?
L
Lykeshares
145d
Official
Berkshire is hoarding so. much. cash.
454 Views
2 Likes
0 Reply
?
L
Lykeshares
145d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
...
See More
rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
439 Views
1 Like
0 Reply
?
L
Lykeshares
176d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
459 Views
2 Likes
0 Reply
?
L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
336 Views
2 Likes
0 Reply
?
L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
316 Views
1 Like
0 Reply
?
L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
307 Views
1 Like
0 Reply
?
L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
1.1k Views
1 Like
0 Reply
?
Loading more...
Popular Stocks 🚀
Amaero International Ltd
ASX:3DA | Capital Goods
425
Respiri Limited
ASX:RSH | Health Care Equipme…
1.4k
St Barbara Limited
ASX:SBM | Materials
504
Golden Mile Resources Ltd
ASX:G88 | Materials
2.6k
Xero Limited
ASX:XRO | Software & Services
4k
Show more