Southern Cross Gold Ltd (ASX:SXG) has identified further high-grade gold mineralization from new assays reported from the lower third of drill hole SDDSC050 from 651 m to 923.7 m at the 100%-owned Sunday Creek Project in Victoria, Australia.
The top two thirds of SDDSC050 from 0 m to 651 m was reported on 21 November 2022 with a highlight 305.8 m @ 2.4 g/t AuEq (1.6 g/t Au, 0.5% Sb) from 319.2 m. Of note was the discovery of 12 high-grade intersections >20 g/t Au.
The bottom portion of the hole has identified four new and separate mineralized zones containing assays up to 95.6 g/t Au and with multiple visible gold intersections, for a total 143 g/t AuEq x m cumulative intersection. This gives SDDSC050 a total of 861 g/t AuEq x m cumulative intersection from 319.2 m to 840.0 m (for 520.8 m @ 1.7 g/t AuEq no lower cut) with thirteen individual veins sets identified over >0.5 km from the first to last high-grade gold intersection.
The Sunday Creek project now contains a total of 20 drill holes > 100 g/t AuEq x m cumulative intersections.
Drilling with three rigs is in progress at Sunday Creek at the Golden Dyke, Rising Sun and Apollo prospects. Nine holes (SDDSC51-58, 60) are currently being geologically processed and analysed, with three holes (SDDSC059/61/62) in drill progress
“What an incredible breakthrough drill hole for SXG, with over half a kilometre separating the first and last mineralized interval,” Managing Director, Michael Hudson, said.
“SDDSC050 just kept on going with the lower third of SDDSC050 intersecting four new vein sets, for a total of thirteen veins sets and 861 g/t AuEq x m cumulative intersection from 319.2 m down to 840.0 m.
“The Sunday Creek project is improving and changing at depth, like many epizonal deposits in the region. With wide quartz carbonate gold-bearing veins now being found with gold, but no antimony, we have already undertaken targeted follow up drilling and look forward to further drill results coming from depth, across what we consider a globally significant gold discovery.
“Of considerable interest is the discovery of the multiple high-grade intersections, that at the depths discovered, could potentially form many underground mining areas.”
For further information please visit: https://www.southerncrossgold.com.au/
