Why is Southern Cross Gold Making Headlines with Gold Drill Results?
Southern Cross Gold Ltd
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Why is Southern Cross Gold Making Headlines with Gold Drill Results?

Drilling Reveals Significant Extensions and Bonanza Grades at Victoria Project

Southern Cross Gold Ltd (ASX: SXG) has recently unveiled impressive drill results from their Sunday Creek Project, which has caught the attention of investors and industry experts. The latest drilling at the 100%-owned project has identified a 100-meter up-dip extension of a previously drilled mineralized zone within the RS50 vein. Notably, the drilling has yielded high-grade gold intersections, including intervals with grades as high as 1,490 grams per tonne (g/t) gold.

Drilling Highlights and Significant Extensions

The specific drill hole, SDDSC091, located at Rising Sun, was strategically designed to target the RS50 vein set in a northeast to southwest orientation, different from recent drill orientations. The results have been remarkable, with a continuous section of high grades discovered, including intervals with gold values exceeding 50 g/t. Notably, the drill hole has intercepted a 20-meter section grading 62. 7 g/t gold from a depth of 430 meters.

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Southern Cross Gold's Excitement and Project Development

Michael Hudson, the Managing Director of Southern Cross Gold, expressed his enthusiasm about the ongoing success at Sunday Creek. He highlighted that the recent intersection of 20 meters at 63. 6 g/t gold equivalent (AuEq) from the NE to SW demonstrates the significant potential of the RS50 vein set. Hudson further pointed out that the project has observed extremely high-grade gold across multiple vein sets, with continuity established over a range of more than 500 meters from surface to depth.

Impressive Drill Program and Future Prospects

Southern Cross Gold's commitment to project development is evident. The company currently holds $11. 8 million in cash, offering a solid financial position for further advancements. With four drill rigs already in operation, Southern Cross Gold has planned an extensive 19 kilometers of drilling from now until April 2024. The company remains optimistic about the potential for further discoveries and continues to await assay results from 17 additional drill holes.

As excitement builds around Southern Cross Gold's Sunday Creek Project, industry observers anticipate that the revelations of high-grade gold intersections and extensions will enhance the company's prospects in the competitive gold mining sector. All eyes are now on the laboratory as the remaining assay results are awaited, fueling anticipation about the untapped potential of this promising gold project.

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