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Mawson's Subsidiary SXG Reports Continued High Grade Zones to 840 meters at Sunday Creek, Victoria, Australia
VANCOUVER, BC / ACCESSWIRE / December 14, 2022 / Mawson Gold Limited ("Mawson" or the "Compan...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Mawson’s Subsidiary SXG Reports Continued High Grade Zones to 840 meters at Sunday Creek, Victoria, AustraliaVANCOUVER, BC / ACCESSWIRE / December 14, 2022 / Mawson Gold Limited(\"Mawson\" or the \"Company\") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) announces further high-grade gold mineralization from new assays reported from the lower third of drill hole SDDSC050 from 651 m to 923.7 m at the 100%-owned Sunday Creek Project in Victoria (Figure 2). The top two thirds of SDDSC050 from 0 m to 651 m was reported on 21 November 2022 with a highlight 305.8 m @ 2.4 g/t AuEq (1.6 g/t Au, 0.5% Sb) from 319.2 m, and included 12 high-grade intersections >20 g/t Au.The bottom portion of the hole, reported here, has identified 4 new and separate mineralized zones containing assays up to 95.6 g/t Au and with multiple visible gold intersections (photos 1-4). SDDSC050 now has a total of thirteen vein sets and sixteen intersections > 20 g/t Au over a > 0.5 km interval from 319.2 (520.8 m @ 1.7 g/t AuEq no lower cut).Highlights:Mineralization extended from 651 m to 840 m, with 520.8 m between the first and last mineralized interval.Better assays from the bottom portion of hole, reported here, from 651 m - 923.7 m (end of hole) included:0.3 m @ 54.6 g/t AuEq (54.6 g/t Au, 0.1 %Sb) from 667.1 m9.0 m @ 7.3 g/t AuEq (7.2 g/t Au, 0.1 %Sb) from 712.0 mincluding 1.5 m @ 41.5 g/t AuEq (41.3 g/t Au, 0.1 %Sb) from 713.0 m4.9 m @ 8.8 g/t AuEq (8.7 g/t Au, 0.1 %Sb) from 835.1 mincluding 1.8 m @ 22.8 g/t AuEq (22.7 g/t Au, 0.1 %Sb) from 837.2 mFour new and separate mineralized zones (see also Figure 1) have been intersected in the lower portion of the hole reported here, for a total of thirteen veins sets found within SDDSC050SDDSC050 is the deepest hole on the project by 278 m. Of note in the lower third of SDDSC050 is the changing nature of mineralization with thick quartz carbonate veins up to 1 m wide with gold and arsenic, but no antimony mineralization. This is a typical change in epizonal deposits in Victoria which transition from gold-antimony to gold only zones at depth (Figure 4).Drilling with three rigs is in progress at the Golden Dyke, Rising Sun and Apollo prospects. Nine drill holes are being geologically processed and analysed.Mawson will own 51% of SXG following final close of SXG's recent A$16.0 million capital raise. Mawson...