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Mawson's Subsidiary SXG Intersects 14.6 m @ 7.3 g/t AuEq incl. 1.0 m @ 73.8 g/t AuEq at Sunday Creek, Victoria, Australia
VANCOUVER, BC / ACCESSWIRE / May 1, 2023 / Mawson Gold Limited ("Mawson" or the "Company")...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson's Subsidiary SXG Intersects 14.6 m @ 7.3 g/t AuEq incl. 1.0 m @ 73.8 g/t AuEq at Sunday Creek, Victoria, AustraliaVANCOUVER, BC / ACCESSWIRE / May 1, 2023 / Mawson Gold Limited (\"Mawson\" or the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) announces results from three further drill holes (SDDSC059, 60 and 62) at the Sunday Creek Project in Victoria (Figure 1). Sunday Creek is 100% owned by Southern Cross Gold (\"SXG\"), which is an ASX listed company owned 51% by Mawson. Four rigs continue to drill both in the main drill area and up to 7.5 km along strike at the Tonstal prospect with 12 holes being processed and analyzed and four in drill progress. Mineralization now extends in the main drill area over 1,350 m from Christina in the far west to SDDSC063.Highlights:High-grade gold intersected in drill hole SDDSC059 (Figs 2-7), which was designed to test continuity and grade of a new vein set at depth. Highlights from SDDSC059 included:14.6 m @ 7.3 g/t AuEq (6.3 g/t Au, 0.6 %Sb) from 569.8 m including:0.7 m @ 6.3 g/t AuEq (5.3 g/t Au, 0.6 %Sb) from 573.2 m2.7 m @ 7.7 g/t AuEq (3.6 g/t Au, 2.6 %Sb) from 575.3 m1.0 m @ 73.8 g/t AuEq (73.7 g/t Au, 0.1 %Sb) from 583.0 mTwo drill holes at Golden Dyke (SDDSC060, SDDSC062) tested the most easterly vein set at Golden Dyke. Both holes intersected 30 - 40 m wide zones of low-grade mineralization. Higher grades within SDDSC062 included:4.4 m @ 1.6 g/t AuEq (1.6 g/t Au, 0.0 %Sb) from 279.8 m, including:0.8 m @ 6.1 g/t AuEq (6.1 g/t Au, 0.0 %Sb) from 281.0 m1.2 m @ 2.7 g/t AuEq (1.9 g/t Au, 0.5 %Sb) from 291.4 m10.0 m @ 1.5 g/t AuEq (0.7 g/t Au, 0.5 %Sb) from 306.0 m, including:0.5 m @ 5.1 g/t AuEq (1.3 g/t Au, 2.4 %Sb) from 310.5 mSXG has four rigs drilling at Sunday Creek, three in the main drill area and the fourth up to 7.5 km along strike at the Tonstal prospect with 12 holes being processed and analyzed and four in drill progress.Mawson owns 93,750,000 shares of SXG (51%), valuing its stake at A$60.1 million (C$54.6 million) based on SXG's closing price on April 28, 2023.Noora Ahola, Mawson Interim CEO, states: \"The team at Southern Cross Gold continue to deliver great results at the Sunday Creek property. Today's announcement demonstrates continuity of high-grade mineralization and their ability to predict mineralized vein sets. SDDSC059 was specifically designed to a l...