Huge numbers from Aussie digger Southern Cross Gold today, with rockstar results at not one but two of its Victorian prospects.
Southern Cross Gold (ASX:SXG) went into a trading halt earlier this week pending today’s big announcement by the company following the material exploration results at the company’s 100% owned Sunday Creek project in Victoria.
Now we know why.
In a 350m step out west of its high-grade Apollo shoot, Rising Sun has intersected a headline 21.5m @ 15.0g/t AuEq including 2.1m @ 121.6g/t AuEq with abundant visible gold and assays up to 380.3g/t Au over 0.4m.
SXG said in their last drill release on 20 September that they’d seven holes and 1,888m drilled being processed and analysed, with two holes in progress at that time, drilled within a 700m strike spanning the Apollo, Rising Sun and Golden Dyke prospects at Sunday Creek.
While SXG is delighted with returning the very highest-grades yet at its 100% owned Sunday Creek project in Victoria, it’s actually the shape and nature of the new shoot at the Rising Sun prospect which is sending shivers up the universal spines of SXG fans.
Sunday, shiny Sunday
SXG MD Michael Hudson says these latest high-grade hits at Sunday Creek bring their outstanding record of >100 cumulative grade x metres (“AuEq g/t x m”) intersections to 17 at the flagship project with some 15,000 m drilled in under 24 months.
“SDDSC046 is the single best intersection to date at Sunday Creek”, Mr Hudson, told Stockhead.
“The Sunday Creek system is developing on multiple fronts, as we continue to intersect extremely high grades of gold at the upper levels of the system (140 m vertically below surface).
“This augurs well for the potential development of better grades continuing to develop at depth,” he added.
This is demonstrated by abundant visible gold, with lower grades of antimony, seen in a quartz carbonate veined and stockworked zone from 199.0-199.4 m which assayed 380.3g/t Au in SDDSC046.
The system developing at Sunday Creek appears similar to its high-grade epizonal-style neighbours at Fosterville and Costerfield.
Visible gold seen in SDDSC046. Source: SXG
Drilling at Rising Sun followed up on the drill hole MDDSC021 which intersected 21.7 m @ 6.2 g/t AuEq including 0.4 m @ 177.1 g/t AuEq and 260 m vertically below shallow historic workings that extended to 45 m below surface.
According to SXG, the shoot remains open at depth and is currently being tested beneath all prior drilling by drillhole SDDSC050, which is currently in progress.
Apollo to Golden Dyke
Meanwhile, drilling at Golden Dyke is testing under the most productive historic mine on the 11 km strike trend at Sunday Creek for the first time.
In less than two years, Southern Cross has reported 44 holes for less than 15km of drilling at Sunday Creek but only in an area of around 700m across from Golden Dyke to Apollo.
A further 10 km mineralised trend exists to the north-east of the current drill area that has had multiple historic workings, and large scale soil anomalies, but never a drill hole to test mineralisation.
SXG is showing no signs of slowing down as it has two drill rigs, with three drill shifts, continuously operating on the project.
Four holes (SDDSC042, 45, 47, 49) have been drilled and are being processed and analysed, with two holes (SDDSC048A, SDDSC050) currently in progress.
SXG will keep the market updated as the exploration progresses.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The post New strikes have Southern Cross Gold waging a high-grade campaign on multiple fronts at Sunday Creek appeared first on Stockhead.
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