Business
SXG Discovers 186 Metres @ 8.8 g/t gold (Uncut) Traversing 8 High-Grade Veins in Down Dip Extension at Sunday Creek
Including 0.5 metres @ 2,541.9 g/t gold VANCOUVER, BC / ACCESSWIRE / December 9, 2024 / M...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"SXG Discovers 186 Metres @ 8.8 g/t gold (Uncut) Traversing 8 High-Grade Veins in Down Dip Extension at Sunday CreekIncluding 0.5 metres @ 2,541.9 g/t gold VANCOUVER, BC / ACCESSWIRE / December 9, 2024 / Mawson Gold Limited (\"Mawson\" or the \"Company\") (TSXV:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) announces Southern Cross Gold Ltd. (\"Southern Cross Gold\" or \"SXG\") has released results from five drill holes from the Apollo prospect, with yet another significant discovery of 186 m @ 8.8 g/t Au * (\"gold\") (uncut) including 0.5 m @ 2,541.9 g/t Au at its 100%-owned Sunday Creek Gold-Antimony Project in Victoria. At Apollo, as for the adjacent Rising Sun mineralization, grades are increasing at depth.High Level Take Away:Sunday Creek Latest Results Setting New Records and Validating Growth PotentialThe latest drill results continue to reinforce Sunday Creek as one of the best gold-antimony discoveries in the world, with a globally leading drill hit rate (fifty greater than 100 g/t AuEq x m from152 holes for 67,623 m drilled). Discovery hole number SDDSC145 delivered exceptional gold grades, including:2,541.9 g/t Au over 0.5 metres , representing the third-highest composite intercept in the project's history4,880.0 g/t Au over 0.3 metres within this interval, being the highest-grade assay at Apollo and second highest across the entire projectA broader mineralized zone of 8.8 g/t Au over 186 metres* (uncut), traversing 8 distinct high-grade vein setsThese intersections rank among the most impressive gold intercepts reported globally in recent years and are typical of the geology in the region, where spectacular high-grade gold is found at depth.The systematic approach of testing the extensions of the deposit to depth has identified eight distinct mineralized vein-sets within SDDSC145. These vein-sets are like a \"Golden Ladder\" structure where the main host (100 m to 200 m wide) extends between the side rails deep into the earth, with multiple cross-cutting vein sets that host the gold forming rungs. These rungs are characterized by high-grade intercepts ranging from 20 g/t to over 7,330 g/t Au mineralization with at least 67 defined to date.Approximately 20% of Sunday Creek's in-situ recoverable value is from antimony. Sunday Creek is on track to become one of the most significant antimony projects in the Western world. China last...