Southern Cross Gold mobilises another rig to Sunday Creek to build on exploration success
Recent drilling at Sunday Creek returned a 119.2m wide intersection grading 3.9g/t gold equivalent.
Following “spectacular” drill results at Southern Cross Gold’s (ASX: SXG) Sunday Creek project in Victoria, the company will mobilise a second rig to the project before the end of the month.
Southern Cross managing director Michael Hudson said that while drilling was progressing, the project “deserves additional capacity”.
“Since October 2020, more than 9,000m of drilling has been undertaken at Sunday Creek.”
He said during this period, drilling has “consistently hit” wide and high-grade gold mineralisation.
Last month, the company revealed it had uncovered a “spectacular” 119.2m wide intersection grading 3.9 grams per tonne gold equivalent from ongoing drilling at Sunday Creek.
Mr Hudson said the result was the company’s 13th intersection to exceed 100g/t gold equivalent per metre at the project.
“We look forward to increasing the drill capacity at the project as we work towards a maiden resource and releasing further drill results as they come available.”
Sunday Creek gold project
Sunday Creek is an epizonal-style gold project that is also prospective for antimony, which is considered a valuable by-product.
The project is 60km north of Melbourne in Victoria and is located on 19,365ha of exploration tenements.
Drilling has been completed across 1km of strike at the project, with mineralisation remaining open at depth and along strike.
Southern Cross has identified 10km of strike extensions, which host historical workings and gold anomalies identified from soil sampling. The extensions remain undrilled.
The recently reported 119.2m wide intersection was hit from 106.8m and comprised eight higher-grade intervals with a peak result of 0.3m at 119.5g/t gold.
Other highlight intervals were 39m at 5.2g/t gold and 1% antimony from 179m; 5.1m 17.7g/t gold and 1.6% antimony from 160.5m; and 2.3m at 26.2g/t gold and 3.7% antimony from 184m.
Late last month, Southern Cross locked-in a 132.64ha block of freehold land which covers the drilling areas at Sunday Creek and potential extensions to the east.
Freehold ownership cements Southern Cross’ surface access to the project, providing access security for drilling and any future gold operation.