Southern Cross Gold (ASX: SXG) has uncovered a “spectacularly” wide intersection of gold and antimony mineralisation grading 119.2 metres at 3.9 grams per tonne of gold equivalent in a drill hole at its wholly-owned Sunday Creek project in Victoria.
The junior explorer today emerged from a trading halt to announce its latest drilling results, which also include eight high-grade intersections grading more than 30g/t with a peak assay of 119.5g/t gold.
The 119.2m highlight intersection included 39m at 5.2g/t gold and 1% antimony (6.8g/t gold equivalent) from 179m. Other higher-grade zones included 2.3m at 26.2g/t gold and 3.7% antimony (32g/t gold equivalent) from 184m and 5.2m a 14.7g/t gold and 4.8% antimony (22.3g/t gold equivalent) from 189.9m.
Wide zones break from tradition in Victoria’s goldfields
Southern Cross managing director Michael Hudson described the significant width of this high-grade mineralisation as “unprecedented” for the Victorian goldfields.
Victoria is known for its high-grade but thinner mineralisation. The only intersection that has come close to Southern Cross’ result in terms of width with grade in a mine was 132.2m at 2.2g/t gold from the Rose of Denmark/Morning Star Mine by AuStar Gold.
Mr Hudson said the result places the Sunday Creek project “into a new realm” and builds on an already remarkably successful drill program.
“Continuity, with great width and grades, is now evident down to 335m vertical depth in the Apollo shoot that remains open to depth, while multiple adjacent shoots remain to be drilled out,” he added.
With these new results, Sunday Creek now contains a total of 13 100g/t gold equivalent per metre intersections.
Drilling will now target extensions
The hole, SDDSC033, was drilled to test a 120m gap between three mineralised shoots, located west of the Apollo shaft. The true thickness of the mineralised interval is interpreted to be about 60-70% of the sampled thickness.
The company said priority drilling is now underway to target wide and high-grade extensions to mineralisation found in the drill hole.
Southern Cross is awaiting the assay results of four more holes completed at the project.
Sunday Creek is an epizonal-style gold project located 60 kilometres north of Melbourne. Southern Cross is the 100% owner of granted exploration tenements in the area and is the freehold landholder of an additional 132 hectares forming the key portion in and around the drilled area of Sunday Creek.