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Mawson Drills 3.0 M @ 41.4 g/t Gold and 12.0 % Antimony within 11.7m @ 12.4 g/t Gold and 3.6 % Antimony in Deepest Hole at Sunday Creek, Victoria, Australia
VANCOUVER, BC / ACCESSWIRE / December 13, 2021 / Mawson Gold Limited ("Mawson" or the "...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson Drills 3.0 M @ 41.4 g/t Gold and 12.0 % Antimony within 11.7m @ 12.4 g/t Gold and 3.6 % Antimony in Deepest Hole at Sunday Creek, Victoria, AustraliaVANCOUVER, BC / ACCESSWIRE / December 13, 2021 / Mawson Gold Limited (\"Mawson\" or the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce assay results from three diamond drill holes (MDDSC023-25) drilled at the 100%-owned Sunday Creek project in the Victorian Goldfields of Australia. The Sunday Creek epizonal-style gold project is located 56 kilometres north of Melbourne and within 19,365 hectares of granted exploration tenements.Highlights:11.7 metres @ 12.4 g/t Au and 3.6 % Sb (16.0 g/t AuEq) from 362.0 metres in hole MDDSC025, including :3.0 metres @ 41.4 g/t Au and 12.0 % Sb (53.4 g/t AuEq) from 364.0 metres;0.5 metres @ 14.3 g/t Au and 4.4 % Sb (18.7 g/t AuEq) from 370.8 metres;MDDSC025 is the deepest drill hole drilled at Sunday Creek (320 metres vertical depth), and highest-grade gold-stibnite mineralization to date on the project (Tables 1-3, Figures 1-3)The proposed spin-out of Mawson's Australian assets onto the Australian Stock Exchange (\"ASX\") is progressing well, with Mawson recently receiving ASX's positive reply for Southern Cross Gold's In-principle Advice submission to support Southern Cross Gold's suitability for admission to the official list of the ASX. Southern Cross Gold is now moving to the pre-IPO private placement financing stage to fund continued exploration, drilling, working capital and IPO expenses in Australia.Michael Hudson, Executive Chairman, states: \"Sunday Creek is one of the best discoveries to be made in the modern renaissance of the Victorian goldfields. With bolder and larger step-outs the project continues to deliver. Our deepest hole at the project to date has intersected the highest grades and widths we have seen. This is the eighth intersection exceeding 100 \"grade (g/t) x width (m)\" on the project. Mineralization remains open at depth and the system continues 10 kilometres to the east covering historic mines, without a single drill hole test .\"MDDSC025 is a large step-out, located 380 metres east of MDDSC021 (Figure 1), the previous deepest intersection drilled at the project ( 21.7 metres @ 4.7 g/t Au and 1.0 % Sb (5.6 g/t AuEq from 274.7 metres ) (Figure 2). MDDSC025 (Figure 3) intersected:11.7 me...