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Diamond Drilling and Geophysics Underway in Australia
VANCOUVER, BC / ACCESSWIRE / August 19, 2020 / Mawson Gold Limited ("Mawson" or the "Co...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Diamond Drilling and Geophysics Underway in AustraliaVANCOUVER, BC / ACCESSWIRE / August 19, 2020 / Mawson Gold Limited (\"Mawson\" or the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce field programs are well underway, with diamond drilling commencing at its 100%-owned Sunday Creek gold project in the central Victorian goldfields of Australia. In addition, large geophysical surveys are ongoing at the Redcastle gold project.Key points:Diamond drilling has commenced at the Sunday Creek gold project in the Victorian Goldfields. The target is high-grade veining with associated mineralised halos, typical of epizonal-style gold mineralization at the Apollo-Golden Dyke prospect.An initial 500 metre drill program is planned, after which the rig will immediately move to the Company's Redcastle project. A total program of 5,000 metres is planned for the remainder of 2020 in Victoria;Historic gold mines at Sunday Creek occur over a greater than 11-kilometre trend. Modern drilling at Sunday Creek has focussed on shallow, previously mined surface workings, to an average of 80 metres depth. Selected historical drill results include:CRC013: 21 metres @ 4.8 g/t gold from 9 metres including 2 metres @ 28.8 g/t gold from 15 metres, and VCRC022: 8 metres @ 11.3 g/t gold from 66 metres including 2 metres @ 40.3 g/t gold from 70 metres;At Redcastle gradient array induced polarization (\"IP\") surveys are in progress, covering an area of 24 square kilometres which includes all historic workings. Dipole-dipole IP, ground magnetics and detailed gravity will also be undertaken at Redcastle, before crews move onto Sunday Creek to perform gradient IP, 3D IP and ground magnetics over the coming months.At Redcastle, extremely high gold grades were mined over a 4.5 x 7 square kilometre area that contains over 24 historic mining areas, including the Welcome Group, that were exploited over a 2 kilometres strike length down to a maximum depth of 125 metres between the years ca. 1859-1865, producing 20,583 oz @ 254.6 g/t gold.Mr. Hudson, Chairman and CEO, states: \"Mr. Hudson, Chairman and CEO, states, \"Exciting times with drilling commencing at Sunday Creek and project-scale geophysics revealing controls on high-grade mineralization at Redcastle, in our search for the next Fosterville-style epizonal high-grade gold deposit. Drill...