Southern Cross identifies new gold-antimony mineralisation at Sunday Creek

Southern Cross Gold (ASX: SXG) has identified new gold-antimony mineralisation over a wide 429-metre interval at the wholly-owned Sunday Creek project in Victoria.

The company discovered a new shoot within the deepest levels of known mineralisation to date at the Apollo prospect, extending 50 metres below and northeast of a previous hole at a depth of 370m vertically below the surface where three separate shoots have now been intersected.

This shoot was uncovered within the wider 429m intercept that returned numerous gold zones from surface.

Highlights from this were 16.8m at 3.4 grams per tonne gold equivalent (3.2g/t gold and 0.2% antimony) from 116m, including 0.5m at 7.1g/t gold equivalent (4.1g/t gold and 1.9% antimony) from 116.9m, and 0.5m at 23.2g/t gold equivalent (21.8g/t gold and 0.9% antimony) from 130.2m.

Also within this 429m interval was 17.9m at 2.7g/t gold equivalent (2.3g/t gold and 0.3% antimony) from 243.2m, including 0.4m at 16.8g/t gold equivalent (14.3g/t gold and 1.6% antimony) from 244.6m, and 0.9m at 17.1g/t gold equivalent (13.9 g/t gold and 2% antimony).

Other assays from the interval were 11m at 1.4g/t gold equivalent (0.9g/t gold and 0.3% antimony) from 264.2m, including 0.7m at 16.3g/t (8.1g/t gold and 5.2% antimony) from 264.7m; and 6m at 3.2g/t gold equivalent (1.1g/t gold and 1.3% antimony) from 416m (new shoot), including 0.5m at 8.6g/t gold equivalent (4.5g/t gold and 2.6% antimony) from 416m, and 0.8m at 16.6g/t gold equivalent (3.7g/t gold and 8.1% antimony) from 419.4m.

Positive results

Managing director Michael Hudson said the project continued to deliver positive results.

“ a significant result as they demonstrate the continuity of mineralisation from surface to great depths within the Apollo shoot, while also discovering a new shoot beneath Apollo,” he said.

“The new shoot is located 50m beyond the previous deepest hole is considered extremely encouraging given that we continue to open new areas of mineralisation as we progressively test the deepest parts of Sunday Creek.”

Mr Hudson said two drill rigs with three rotating crews would continue to operate at the Rising Sun, Apollo and Golden Dyke areas of Sunday Creek.

Since listing in May, Southern Cross Gold has drilled 22 holes for 5,802m, with two holes still in progress.

The company plans to source additional rigs to accelerate the building of further scale at Sunday Creek as it moves towards the definition of a maiden resource.