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Mawson's Subsidiary SXG Reports 18.6 m @ 4.1 g/t AuEq at Sunday Creek, Victoria, Australia
VANCOUVER, BC / ACCESSWIRE / February 28, 2023 / Mawson Gold Limited ("Mawson" or the "Com...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson's Subsidiary SXG Reports 18.6 m @ 4.1 g/t AuEq at Sunday Creek, Victoria, AustraliaVANCOUVER, BC / ACCESSWIRE / February 28, 2023 / Mawson Gold Limited (\"Mawson\" or the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) announces results from three further drill holes (SDDSC053 to SDDSC055) 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. Drilling with three rigs is in progress at Sunday Creek at the Golden Dyke, Rising Sun and Apollo prospects with 13 holes being processed and analyzed or in progress.Highlights:18.6 m @ 4.1 g/t AuEq intersected in SDDSC055 60 m above, 40m east and in the plane of Rising Sun shoot, previously drilled in SDDSC050 which intersected 305.8 m @ 2.4 g/t AuEq (refer news 14 December, 2022).Rising Sun shoot continuity now defined over 250 m down dip across 5 drill holes, and shows potential for thickening or bulging of the host structure at depth.SDDSC055 demonstrated significant scale, grade and continuity of mineralization around SDDSC050. Better results from SDDSC055 included:18.6 m @ 4.1 g/t AuEq (1.2 g/t Au, 1.8 %Sb) from 388.5 mincluding 0.9 m @ 25.0 g/t AuEq (4.1 g/t Au, 13.2 %Sb) from 388.5 mincluding 0.4 m @ 59.3 g/t AuEq (9.8 g/t Au, 31.4 %Sb) from 392.0 mincluding 2.1 m @ 11.5 g/t AuEq (4.7 g/t Au, 4.3 %Sb) from 400.4 mincluding 0.3 m @ 8.3 g/t AuEq (5.1 g/t Au, 2.0 %Sb) from 405.9 m5.1 m @ 2.8 g/t AuEq (1.7 g/t Au, 0.7 %Sb) from 417.9 mincluding 0.2 m @ 26.8 g/t AuEq (12.6 g/t Au, 9.0 %Sb) from 417.9 mincluding 0.6 m @ 10.4 g/t AuEq (7.9 g/t Au, 1.6 %Sb) from 420.8 mLower grade margin of three further vein sets intersected in SDDSC053, parallel and 140 m above SDDSC050, skimming and exiting the host position. Better results included:10.4 m @ 1.5 g/t AuEq (0.7 g/t Au, 0.5 %Sb) from 270.6 m14.0 m @ 1.5 g/t AuEq (0.9 g/t Au, 0.4 %Sb) from 307.0 mincluding 0.4 m @ 35.9 g/t AuEq (18.0 g/t Au, 11.4 %Sb) from 317.5 m11.0 m @ 1.0 g/t AuEq (0.6 g/t Au, 0.3 %Sb) from 400.5 mDrilling with three rigs is in progress at Sunday Creek, with 13 holes being processed and analysed or in progress (Figure 2). Pending holes include the deepest drilled on the project.Mawson owns 51% of SXG, valuing its stake at A$59 million (C$54 million) based on SXG's closing price on February 27, 2022....