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Mawson's Subsidiary SXG Delivers Further High-Grade Hits at Sunday Creek, Victoria, Australia
VANCOUVER, BC / ACCESSWIRE / November 8, 2022 / Mawson Gold Limited ("Mawson" or the "Co...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson's Subsidiary SXG Delivers Further High-Grade Hits at Sunday Creek, Victoria, AustraliaVANCOUVER, BC / ACCESSWIRE / November 8, 2022 / Mawson Gold Limited (\"Mawson\" or the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) summarizes recent news from its majority-owned Australian subsidiary, Southern Cross Gold Ltd (\"SXG\"), which recently reported further results from four drill holes at its 100% owned Sunday Creek property, Victoria, Australia. Mawson owns 60% of SXG following its May 2022 initial public offering (\"IPO\") on the Australian Securities Exchange (\"ASX\").Highlights:48.9 m @ 3.0 g/t AuEq in 550 m step out from Apollo (2.0 g/t Au, 0.64% Sb) from 182 m in hole SDDSC049, at the \"Golden Dyke\" shoot west of Apollo, including13.7 m @ 9.4 g/t AuEq (6.6 g/t Au, 1.79% Sb) from 201.3 m, including2.7 m @ 20.9 g/t AuEq (10.4 g/t Au, 6.59% Sb) from 204.4 m, and2.3 m @ 27.9 g/t AuEq (24.7 g/t Au, 2.01% Sb) from 211.0 mBroad zone of mineralization, coupled with extremely high grades at Apollo in SDDSC04589.5m @ 1.9 g/t AuEq (1.8 g/t Au, 0.04% Sb, no lower cut applied) from 97.4m, including0.4 m @ 52.5 g/t AuEq (52.4 g/t Au, 0.04% Sb) from 174.7 m0.3 m @ 362.6 g/t AuEq (362.5 g/t Au, 0.04% Sb) from 184.3 mFirst hole in NW-SE orientation demonstrating continuity of high-grade mineralization and shows the true thickness of the Apollo shoot (up to 50 m, with higher grades over 20 m - 40 m).Third drill rig mobilized, with SXG now drilling three areas along an 800 m strike of known surface mineralizationThree holes are in geological processing, and three holes in progressThe deepest drilling to date undertakenOf particular interest is drill hole SDDSC050 now at 770 m down hole , designed to drill the Rising Sun shoot (between Apollo and Golden Dyke) in a previously untested west to east orientationMawson owns 60% of Southern Cross GoldIvan Fairhall, Mawson CEO, states : \"The stellar drill results just keep coming from Sunday Creek. High grades continue at Apollo and show ever-increasing continuity and predictability. Excitingly, we now see the new zone discovered at Golden Dyke and a compounding of the discovery success on the property - first observed as Apollo was extended down plunge, and now along strike 800 m to Golden Dyke.Mawson shareholders benefit from exploration opportunity on multiple properties - here, vi...