Southern Cross Gold Ltd (SXG) is a fully funded and fully permitted Victorian gold and antimony exploration company listed on the ASX. We are focussed on the search for epizonal gold mineralisation, that confirm incredibly high grade and profitable gold mining operations (note Fosterville and Costerfield being adjacent examples).
We control three of the nine historic epizonal high-grade goldfields in the Melbourne Zone of central Victoria within 471 sq km of granted tenements in the heart of a new Fosterville-style high-grade search space. We own 132.64 hectares of freehold land in and around the current drill area at our 100% owned flagship Sunday Creek project.
As at 20 March, 2023 SXG had reported 62 drillholes for 20,205 m drilled in less than three years and has a 30,000 m drill campaign for 2023 at its 100% owned Sunday Creek project.
Headline results across the 800 m strike tested to date down to 800 m vertical depth at the main drill area at Sunday Creek include 520.8 m @ 1.7 g/t Au Eq from drill hole SDDSC050, 48.9 m @ 3.0 g/t AuEq from SDDSC049 and 21.5 m @ 15.0 g/t AuEq from SDDSC046. Mineralisation remains open at depth and along strike.
The drilling area at Sunday Creek has tested <10% of the 11km long mineralised trend at the property. We recently commenced drilling at the Tonstal prospect, 7.5 km north-east of the Golden Dyke to Apollo zone. This represents the first ever drilling along a 10 km mineralised trend at Sunday Creek which is defined by historic workings and soil sampling that extends beyond the main drill area and offers potential future upside.
| Open | 0.46500 | Volume | 196256 |
| High | 0.47000 | 52w High | 0.96000 |
| Low | 0.45500 | 52w Low | 0.24750 |
| Close | 0.47000 |
* 06 June 2023 (AUD)
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