SXG Reports Nine Holes From Sunday Creek

Описание: Melbourne, Australia — Southern Cross Gold Ltd (“SXG” or the “Company”) (ASX:SXG) announces the release of nine drillholes (SDDSC094A, 96, 98-104) from the Rising Sun area at the 100%-owned Sunday Creek Project in Victoria (refer Figures 1, 4 and 5 in the Announcement released through the ASX on Thursday 8 February 2024).

Southern Cross Gold’s Managing Director, Michael Hudson, states, “These holes provide the critical elements to drill out a mineralised body as we keep on demonstrating continuity and predictability of gold-antimony mineralisation. Completed as drill fans starting at the upper Rising Sun area and going to depth, they fill in large gaps in an up- and down-dip sense as well as testing the strike extension of the mineralised vein sets. They increase our confidence in the geological model and demonstrate the continuity that supports the less than 2.0 coefficient of variation of our assay data within modelled veins that our geostatistics provides.”

HIGHLIGHTS

• Release of data from nine drillholes (SDDSC094A, 96, 98-104) that further enhance confidence and demonstrate continuity within the Rising Sun area. Notably, four of nine holes reported contain downhole cumulative intervals of greater than 100 g/t AuEq x metre.

• SDDSC094A was drilled through the upper zone of Rising Sun, from the hanging wall position and at a high angle to mineralised vein sets. The hole traversed four high-grade vein sets (Figures 1 and 2) including the discovery of one new vein set. Selected highlights include:
o 2.0 m @ 5.6 g/t AuEq (5.5 g/t Au, 0.1% Sb) from 144.0 m
o 38.2 m @ 3.5 g/t AuEq1 (2.5 g/t Au, 0.6% Sb) from 152.0 m
o 1.3 m @ 22.1 g/t AuEq (13.0 g/t Au, 5.8% Sb) from 277.3 m (new vein discovery)
o 2.6 m @ 10.1 g/t AuEq (9.3 g/t Au, 0.5% Sb) from 338.2 m

• SDDSC098 drilled 25 m to 60 m below SDDSC094 also traversed four high-grade vein sets, highlights include:
o 0.7 m @ 26.9 g/t AuEq (17.9 g/t Au, 5.7% Sb) from 125.3 m
o 2.1 m @ 7.2 g/t AuEq (3.9 g/t Au, 2.1% Sb) from 132.8 m
o 8.1 m @ 4.7 g/t AuEq (1.8 g/t Au, 1.8% Sb) from 147.1 m
o 3.8 m @ 5.9 g/t AuEq (3.9 g/t Au, 1.3% Sb) from 162.5 m
o 0.7 m @ 20.2 g/t AuEq (20.1 g/t Au, 0.0% Sb) from 187.3 m

• SDDSC100 intersected eleven vein sets over 430 vertical m. It was drilled through the lower zone of Rising Sun, located 90 m and 70 m up and down dip respectively from high-grade intervals within SDDSC082 and SDDSC077B (Figure 3). Highlights included:
o 2.0 m @ 9.3 g/t AuEq (7.7 g/t Au, 1.1% Sb) from 453.0 m
o 1.9 m @ 19.5 g/t AuEq (16.8 g/t Au, 1.7% Sb) from 469.0 m
o 1.4 m @ 26.6 g/t AuEq (22.8 g/t Au, 2.4% Sb) from 469.5 m
o 2.1 m @ 15.3 g/t AuEq (7.5 g/t Au, 4.9% Sb) from 487.4 m (vein RS10, see Figure 3)
o 1.4 m @ 20.9 g/t AuEq (20.5 g/t Au, 0.2% Sb) from 507.6 m
o 4.4 m @ 5.3 g/t AuEq (4.9 g/t Au, 0.3% Sb) from 737.3 m
o 3.6 m @ 4.8 g/t AuEq (4.8 g/t Au, 0.0% Sb) from 849.6 m

• SDDSC104 was drilled from the southern margin of the host sequence, intersected the host lower in the hole and four mineralised vein sets. Highlights included:
o 17.7 m @ 3.8 g/t AuEq1 (2.3 g/t Au, 0.9% Sb) from 438.0 m, including:
 2.6 m @ 13.0 g/t AuEq (5.5 g/t Au, 4.7% Sb) from 442.7 m
o 4.9 m @ 2.2 g/t AuEq (1.9 g/t Au, 0.2% Sb) from 462.0 m, including:
 0.3 m @ 28.5 g/t AuEq (27.7 g/t Au, 0.5% Sb) from 466.6 m
o 0.3 m @ 12.3 g/t AuEq (12.3 g/t Au, 0.0% Sb) from 471.3 m
o 0.4 m @ 14.1 g/t AuEq (13.8 g/t Au, 0.2% Sb) from 486.1 m

• At Sunday Creek 10 holes are currently being processed and analysed, with 3 holes currently in progress (Figures 1-2).

For complete information
Please refer to the announcement released to the ASX on 8 February 2024 which can be viewed on the website www.southerncrossgold.com.au. Please also refer to the disclaimer found at the end of the video and below.

Important Note - Not financial advice
This video is provided for information purposes only and should not be construed as offering financial advice. Please consult professional advice before making any investment decisions, Southern Cross Gold Ltd may not be suitable for your investment needs.

Competent Person Statement
Information in the announcement that relates to new metallurgical results contained in this report is based on information compiled by Mr. Craig Brown, a Fellow of the Australasian Institute of Mining and Metallurgy can be found in the ASX Announcement