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Southern Cross Gold Expands Golden Dyke with 5.4 m @ 29.6 g/t Gold Intercept
Reports Three +50 AuEq g/t x m Intercepts Vancouver, Canada and Melbourne, Australia--(Newsfile ...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"Southern Cross Gold Expands Golden Dyke with 5.4 m @ 29.6 g/t Gold InterceptReports Three +50 AuEq g/t x m InterceptsVancouver, Canada and Melbourne, Australia--(Newsfile Corp. - March 26, 2025) - Southern Cross Gold Consolidated Ltd (TSXV: SXGC) (ASX: SX2) (OTC Pink: MWSNF) (FSE: MV3) (\"Southern Cross Gold\" or the \"Company\") announces results from two drill holes: SDDSC147 and SDDSC151 at the Golden Dyke prospect, part of the 100%-owned Sunday Creek Gold-Antimony project in Victoria (Figure 4).5 KEY TAKEAWAYSThe two drillholes are the deepest east-west oriented holes at Golden Dyke prospect at Sunday Creek.SDDSC151 delivered three significant intercepts exceeding 50 gram-metres AuEq, including 5.4 m @ 29.6 g/t Au. This demonstrates continuing high-grade mineralization that enhances the economic potential of the deposit and contributes to the project's growing inventory of +100 g/t AuEq x m intercepts (61 intersected to date).The discovery of a high-grade zone (3.2 m @ 18.0 g/t Au) in SDDSC151 hosted within a previously unrecognized sub-parallel dyke at 382.2 m depth is geologically significant. This represents a new structural position within the mineralized system, indicating potential for additional parallel structures that could substantially expand the resource footprint.Intercepts including 1.2 m @ 96.7 g/t Au, 0.1 m @ 270.0 g/t Au and 0.4 m @ 129.6 g/t Au, represent extremely high-grade central zones within each vein system. These are characteristic of Victorian epizonal gold-antimony deposits, suggesting similar deposit genesis and potential for additional high-grade shoots at depth.Sunday Creek project is a rare asset, being one of the only Tier 1 independently owned, high-grade, multi-million ounce potential greenfield global projects. Global investors in gold are seeking consolidation and are once again supportive of growth via high-quality acquisitions. Gold companies have suffered from an under-investment in new projects which has materially increased the scarcity value for new projects that deliver high-grade ounces in low-risk jurisdictions – attributes that Sunday Creek is almost unique in holding with limited global peers. The Company is executing an accelerated exploration strategy with six active drill rigs and a planned 60,000 m program through Q3 2025, backed by A$18M in cash r...