Southern Cross expands Golden Dyke with 5.4 m @ 29.6 g/t gold intercept + a new high-grade structure

Описание: Vancouver, Canada and Melbourne, Australia - Southern Cross Gold Consolidated Ltd (“Southern Cross Gold” or the “Company”) (TSXV:SXGC) (ASX:SX2) (OTCPK:MWSNF) (Frankfurt:MV3.F) announces results from two drill holes: SDDSC147 and SDDSC151 at the Golden Dyke prospect, part of the 100%-owned Sunday Creek Gold-Antimony project in Victoria (Figures 4 in the TSXV and ASX Announcement).

5 KEY TAKEAWAYS

1. The two drillholes are the deepest east-west oriented holes at Golden Dyke prospect at Sunday Creek.

2. SDDSC151 delivered three significant intercepts exceeding 50 gram-metres AuEq, including 5.4 m @ 29.6 g/t Au. This demonstrates continuing high-grade mineralization that enhances the economic potential of the deposit and contributes to the project's growing inventory of +100 g/t AuEq x m intercepts (61 intersected to date).

3. The discovery of a high-grade zone (3.2 m @ 18.0 g/t Au) in SDDSC151 hosted within a previously unrecognized sub-parallel dyke at 382.2 m depth is geologically significant. This represents a new structural position within the mineralized system, indicating potential for additional parallel structures that could substantially expand the resource footprint.

4. Intercepts including 1.2 m @ 96.7 g/t Au, 0.1 m @ 270.0 g/t Au and 0.4 m @ 129.6 g/t Au, represent extremely high-grade central zones within each vein system. These are characteristic of Victorian epizonal gold-antimony deposits, suggesting similar deposit genesis and potential for additional high-grade shoots at depth.

5. Sunday Creek project is a rare asset, being one of the only Tier 1 independently owned, high-grade, multi-million ounce potential greenfield global projects. Global investors in gold are seeking consolidation and are once again supportive of growth via high-quality acquisitions. Gold companies have suffered from an under-investment in new projects which has materially increased the scarcity value for new projects that deliver high-grade ounces in low-risk jurisdictions – attributes that Sunday Creek is almost unique in holding with limited global peers. The Company is executing an accelerated exploration strategy with six active drill rigs and a planned 60,000 m program through Q3 2025, backed by A$18M in cash reserves.

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Michael Hudson, President & CEO of SXGC states: “Golden Dyke continues to deliver exceptional high-grade results. The discovery of a new high-grade structure in SDDSC151 has substantial implications for expanding our resource potential, giving an intriguing hint of the parallel mineralized systems throughout the project. Consistent extremely high-grade intercepts across multiple high-grade structures in the same hole including hits like 1.2 m @ 96.7 g/t Au, 1.4 m @ 37.3 g/t Au and 0.4 m @ 129.6 g/t Au, surrounded by broader halos demonstrate the extraordinary richness of this system.

“With 61 intersections exceeding 100 g/t AuEq x m from just 75 km of drilling, we're seeing mineralization signatures that place Sunday Creek firmly as globally significant gold-antimony system that Victoria is now recognized for, having produced two globally significant gold discoveries in the last decade. Our six-rig drilling program underscores our confidence in rapidly advancing this strategic asset that combines exceptional gold economics with critical antimony exposure at a time of increasing geopolitical importance.

“The Sunday Creek project is the one of the only Tier 1 independently owned, greenfield and high-grade, projects globally with multi-million ounce potential. Gold companies have suffered from an under-investment in new projects which has materially increased the scarcity value for new projects that deliver high-grade ounces in low-risk jurisdictions – attributes that Sunday Creek is almost unique in holding with limited global peers.”

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The potential quantity & grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been completed in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 Edition (“JORC”).
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Refer to the TSCV & ASX release dated 26 March 2025, which can be found at www.southerncrossgold.com for full information including also the Gold Equivalent Calculation and Competent Person Statement & Contact person information.