Southern Cross Gold (ASX:SXG) has extended mineralisation 150m down dip at the Rising Sun prospect, as part of the Sunday Creek Gold-Antimony Project in Victoria, after receiving results from two diamond drillholes.
Drillhole SDDSC122W1 intersected two “high-grade” vein sets in a 150m down dip step out at Rising Sun. The results recorded include 2.4m @ 9.7 grams per tonne (g/t) gold-equivalent, including 2m @ 119.8g/t gold-equivalent and 7m @ 20g/t gold-equivalent.
Meanwhile, drllhole SDDSC122 intersected the same two “high-grade” vein sets and included two assayed intervals of more than 25g/t gold, recording up to 356g/t gold, and one assayed interval more than 5% antimony.
Southern Cross Gold, which has a market capitalisation of $484.47 million, reports the results include 1m @ 10.1g/t gold-equivalent, including 0.1m @ 70g/t gold-equivalent and 0.1m @ 356.4g/t gold-equivalent.
Managing Director Michael Hudson says once again, two more holes have delivered a big 150m step out between “very high-grade” intersections.
“Critically, with China’s recently announced new export limits for antimony products, these new holes also demonstrate the tenor of antimony mineralisation on the Sunday Creek Project with both holes assaying intervals over 5% antimony (up to 21.4% antimony),” Hudson says.
“The January 2024 exploration target, that already reported a significant antimony inventory, within only one third to one half of the strike of the main drill area, shows the potentially critical role Sunday Creek is set to play in the western world’s future antimony supply chain.
“With five rigs drilling at site, we look forward to more than doubling the metres drilled at Sunday Creek via the 60km of drilling planned over the next year.”
Since late 2020, 128 drillholes for 56,388m have been reported by Southern Cross Gold from Sunday Creek.
The Sunday Creek Project lies 60km north of Melbourne, within 19,365 hectares of granted exploration tenements.
Southern Cross Gold is a natural resources company focused on exploring for gold and antimony in the Victorian Goldfields.
Write to Aaliyah Rogan at Mining.com.au
Images: Southern Cross Gold
