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Mawson's Subsidiary SXG Reports 249.5 g/t Gold over 0.3 metres in 270 metre Step Out at Sunday Creek, Victoria, Australia
VANCOUVER, BC / ACCESSWIRE / March 30, 2023 / Mawson Gold Limited ("Mawson" or the "Company"...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson's Subsidiary SXG Reports 249.5 g/t Gold over 0.3 metres in 270 metre Step Out at Sunday Creek, Victoria, AustraliaVANCOUVER, BC / ACCESSWIRE / March 30, 2023 / Mawson Gold Limited (\"Mawson\" or the \"Company\") (TSX:MAW)(FRANKFURT:MXR)(OTC PINK:MWSNF) announces results from six further drill holes (SDDSC056-58, 61, 63 and 65) 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 13 holes being processed and analyzed or in progress. Mineralization now extends in the main drill area over 1,350 m from Christina in the far west to SDDSC063.Highlights:Drill hole SDDSC061 is a large 270 m step out vertically below the Rising Sun Shoot. Multiple points of visible gold (Photos 1 and 2) were observed between 691.0 m to 695.1 m in SDDSC0061 and is the second deepest intersection on the project to date. Highlights included:12.0 m @ 7.4 g/t AuEq (7.4 g/t Au, 0.0 %Sb) from 688.0 mincluding 0.3 m @ 249.5 g/t AuEq (249.5 g/t Au, 0.0 %Sb) from 691.1 mSDDSC063, a 200 m near-surface step out from prior drilling at Apollo East targeted mineralization below surface trenching intersected the first drilled in the area. Highlights included:2.7 m @ 4.4 g/t AuEq (3.4 g/t Au, 0.7 %Sb) from 24.0 mincluding 0.5 m @ 17.2 g/t AuEq (12.2 g/t Au, 3.2 %Sb) from 26.2 mDrill hole SDDSC056 , drilled to test a near surface gap between Apollo and Gladys intersected:1.0 m @ 11.7 g/t AuEq (0.1 g/t Au, 7.4 %Sb) from 77.0 m19.6 m @ 1.5 g/t AuEq (1.0 g/t Au, 0.3 %Sb) from 132.0 mincluding 0.5 m @ 25.7 g/t AuEq (9.9 g/t Au, 10.0 %Sb) from 134.5 mincluding 0.5 m @ 6.3 g/t AuEq (6.3 g/t Au, 0.0 %Sb) from 150.1 m2.4 m @ 3.8 g/t AuEq (3.5 g/t Au, 0.2 %Sb) from 172.6 mincluding 0.6 m @ 10.8 g/t AuEq (9.9 g/t Au, 0.6 %Sb) from 173.8 mSXG now 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 13 holes being processed and analyzed or in progress.Mawson owns 93,750,000 shares of SXG (51%), valuing its stake atA$64.7 million (C$58.7 million) based on SXG's closing price on March 29, 2022.Noora Ahola, Mawson Interim CEO, states : \"We are pleased with the expansive d...