Southern Cross intersects bonanza 249.5g/t gold in drilling at Sunday Creek
Drilling at Sunday Creek intercepted 12m at 7.4g/t gold from 688m, including 0.3m at 249.5g/t gold.
Southern Cross Gold (ASX: SXG) has intersected a bonanza 249.5 grams per tonne gold from 691 metres during drilling at the Sunday Creek project in Victoria.
The company also reported multiple points of visible gold between 691m and 695.1m depth at the Rising Sun Shoot, making it the second deepest intersection on the project to date.
Highlights included 12m at 7.4g/t gold equivalent (7.4g/t gold and no antimony) from 688m, including 0.3m at 249.5g/t gold equivalent (249.5g/t gold and no antimony) in one of the drill holes.
Near-surface mineralisation was also drilled 200m east of the Apollo prospect and intersected 0.5m at 17.2g/t gold equivalent (12.2g/t gold, 3.2% antimony) from 26.2m depth.
Another hole drilled to test a near surface gap between Apollo and the Gladys prospect uncovered 1m at 11.7g/t gold equivalent (0.1g/t gold, 7.4% antimony) from 77m; and 19.6m @ 1.5g/t gold equivalent (1g/t gold, 0.3% antimony) from 132m, including 0.5m at 25.7g/t gold equivalent (9.9g/t gold, 10% antimony) from 134.5m, including 0.5m at 6.3g/t gold equivalent (6.3g/t gold and no antimony) from 150.1m.
Transitioning system
Southern Cross managing director Michael Hudson said drilling had delivered validation of a transitioning system.
“The development of free gold, with the concurrent reduction of antimony grades, is important in this system and is similar to what is observed in similar epizonal deposits which have been tested to depth at Fosterville and Costerfield,” he said.
“Our footprint of high-grade mineralisation is now extending along strike and to depth with the distance between the two most recent holes being 935m, and mineralisation now extending into the main drill area over 1,350m.”
Project location
The Sunday Creek epizonal-style gold project is located 60 kilometres north of Melbourne within 193.65 square kilometres of granted exploration tenements.
Southern Cross is also the freehold owner of another 1.32sq km of land which forms a key portion in and around the project’s drilled area.
Sunday Creek has an 11km mineralised trend which extends beyond the drill area and is defined by historic workings and soil sampling.
These workings are being drill tested for the first time using a fourth drill rig which mobilised to site earlier this month.