Southern Cross reveals more high-grade gold results at Sunday Creek project

Southern Cross Gold (ASX: SXG) has announced a series of high-grade gold intersections from drilling at its wholly-owned Sunday Creek project in Victoria.

The results are from the first drill tests undertaken in a northwest-southeast orientation across the north-northeast-trending Apollo shoot.

They are reported to demonstrate continuity of high-grade mineralisation and show the true thickness of the target.

The first hole returned 89.5m at 1.9 grams per tonne gold equivalent (1.8g/t gold and 0.04% antimony) from 97.4, and included numerous higher-grade intervals such as: 3.8m at 28.9g/t (28.9g/t gold and 0.01% antimony) from 183m, and 0.3m at 362.6g/t gold equivalent (362.5g/t gold and 0.04% antimony) from 184.3m.

Assays from the second hole revealed 36.1m at 1.14g/t gold equivalent (1.2g/t gold and 0.08% antimony) from 111.9m, including 6.3m at 4.7g/t gold equivalent (4.1g/t gold and 0.35% antimony) from 137.5m, including 0.6m at 16.6g/t gold equivalent (16.4g/t gold and 0.10% antimony) from 143.3m.

The company said both holes form part of a cluster of higher-grade intersections within an area of the Apollo shoot measuring 60m by 30m by 30m.

Previous holes drilled across various orientations of the same area have also demonstrated significant grades and widths with best results of 119.2m at 3.9g/t gold equivalent (3.2g/t gold and 0.45% antimony) from 106.8m, including 5.2m at 22.3g/t gold equivalent (14.7g/t gold and 4.82% antimony) from 189.9m; and 14m at 12.9g/t gold equivalent (9.3g/t gold and 2.30% antimony) from 194m, including 3.2m at 17.9g/t gold equivalent (13.1g/t gold and 3.00% antimony) from 197.6m.

Encouraging results

Southern Cross managing director Michael Hudson said the newest results have been very encouraging.

“We have multiple reasons to be excited with the release of these two drill holes … 18 holes exceeding the threshold of more than 100g/t x cumulative metres gold equivalent at Sunday Creek which is an exceptional hit rate,” he said.

“We continue to develop confidence in shoot morphology and development of multiple shoots exhibiting extremely high-grade hits across this project, which keeps on delivering exceptionally wide and high-grade results at all scales.”

Drilling with two rigs continues at the Apollo target, as well as at Rising Sun (located 400m west of Apollo) and Golden Dyke (700m west).

Mineralised trend

Sunday Creek has a 10-kilometre mineralised trend which is defined by historic workings and soil sampling. Much of it is yet to be subject to any exploration drilling.

The epizonal-style gold project is located within 193.65 square kilometres of granted exploration tenements, 60km north of Melbourne.

Southern Cross is also the freehold owner of 1.32sq km which forms a key portion around the drilled area at Sunday Creek.