Southern Cross Gold (ASX:SXG) reports more than 2,300 grams per tonne gold in its best-ever hole at the Sunday Creek Project in Victoria.
The $239 million market capitalisation gold explorer says the ‘spectacular’ result comes from hole SDDSC107 at the Rising Sun prospect in the project area.
Soutthern Cross reports the ‘spectacularly’ long and high-grade intersection of gold-antimony mineralisation including 1m @ 2,318 g/t Au drilled within 455.3m @ 7.2g/t Au from 413.6 m (uncut) at the 100% owned Sunday Creek Project.
Southern Cross says hole SDDSC107 contains 10 assayed intervals of greater than 50g/t Au and 13 intervals of greater than 5% antimony. It was drilled to test the strike extent and continuity of 12 ‘high-grade’ vein set structures 20m along-strike and down dip from a previous hole drilled in the area, SDDSC077B.
The company is awaiting further assays from 7 drillholes as continues its drilling work at Sunday Creek, with 4 rigs on-site and 3 holes currently in progress.
Southern Cross Gold Managing Director Michael Hudson says new holes from Sunday Creek continually exceed previous top results in the area.
“Sunday Creek has again delivered one of the hits of the year and the rebirth of the Victorian goldfields continues. This is an extraordinary global discovery with hole after hole exceeding previous exceptional drill results. Here, drill hole SDDSC107 from Rising Sun intercepted the highest grade and best intersection at the project with 1m @ 2,318g/t Au including 0.3m @ 7,330g/t Au drilled within a broader interval of 455.3 m @ 7.2 g/t Au (uncut).
Importantly, for the first time we have demonstrated continuity of extremely high-grades with SDDSC107 intersecting its best grades 17m down-dip from SDDSC092, which intersected 3.3 m @ 267.8g/t Au including 0.4m @ 1,610g/t Au in vein set RS80. This provides an enticing opportunity to now focus on these uber high grade zones, in small but rich areas, with closer spaced drilling (including wedging) to rapidly build ounces beyond our initial exploration target expectations while we also continue to expand the footprint of the mineralised system.
With four drill rigs operating, ten holes being processed or in progress, we look forward to continued news flow.“
The Sunday Creek project lies just 60km north of Melbourne and within 19,365 hectares of granted exploration tenements.
Southern Cross Gold says the project compares ‘favourably’ with ‘globally significant high-grade’ gold discoveries at its current stage of development, with 110 drill holes having been completed and reported in the area for 44,082.5m of drilling.
Images: Southern Cross Gold
