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SXG Drills 1.4 m @ 20.0 g/t AuEq Extends Mineralisation 200 m at Apollo East Drills 11.5 m @ 6.0 g/t AuEq to Infill 260 m gap in Apollo Deeps
VANCOUVER, BC / ACCESSWIRE / July 8, 2024 / Mawson Gold Limited ("Mawson" or the "Company") ...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"SXG Drills 1.4 m @ 20.0 g/t AuEq Extends Mineralisation 200 m at Apollo East Drills 11.5 m @ 6.0 g/t AuEq to Infill 260 m gap in Apollo DeepsVANCOUVER, BC / ACCESSWIRE / July 8, 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 two diamond drill holes SDDSC119 and SDDSC119W1 from the Apollo prospect at the 100%-owned Sunday Creek Project in Victoria, Australia (Figure 5).Highlights:Drillhole SDDSC119 drilled an extension of mineralisation 200 m from Apollo to Apollo East and infilled a 260 m gap in Apollo Deeps providing confidence in continuity.SDDSC119 intercepted 10 high-grade vein sets, including three vein sets at Apollo East, and seven at Apollo Deeps. It included ten assayed intervals of > 10 g/t Au (up to 35.9 g/t Au), and six assayed intervals > 5% Sb (up to 19.9% Sb) . Selected highlights include:Apollo East4.2 m @ 3.6 g/t AuEq (2.9 g/t Au, 0.3% Sb) from 416.8 m, including:2.6 m @ 4.9 g/t AuEq (4.0 g/t Au, 0.5% Sb) from 418.4 m1.4 m @ 20.0 g/t AuEq (8.9 g/t Au, 5.9% Sb) from 440.0 m, including:0.4 m @ 66.7 g/t AuEq (29.3 g/t Au, 19.9% Sb) from 441.0 mApollo Deeps11.5 m @ 6.0 g/t AuEq (3.7 g/t Au, 1.2% Sb) from 571.2 m, including:4.7 m @ 11.7 g/t AuEq (6.6 g/t Au, 2.7% Sb) from 577.1 m10.8 m @ 1.7 g/t AuEq (1.2 g/t Au, 0.3% Sb) from 607.0 m5.6 m @ 4.3 g/t AuEq (2.7 g/t Au, 0.9% Sb) from 620.1 m, including:1.0 m @ 14.2 g/t AuEq (8.6 g/t Au, 3.0% Sb) from 621.0 m1.6 m @ 6.6 g/t AuEq (6.3 g/t Au, 0.1% Sb) from 646.3 m0.6 m @ 18.0 g/t AuEq (17.6 g/t Au, 0.2% Sb) from 657.1 m7.1 m @ 2.3 g/t AuEq (1.4 g/t Au, 0.4% Sb) from 663.4 mSDDSC119W1 was drilled as a wedge hole to reacquire core lost down the parent hole SDDSC119. It therefore also acted as a test of the continuity of mineralisation over a 0.6 m down dip distance for the first time at this scale. Continuity of mineralisation was demonstrated with SDDSC119 and SDSC119W1 assaying respectively 5.6 m @ 4.3 g/t AuEq and 5.5 m @ 5.1 g/t AuEq (Figure 3).Nine drill holes at Sunday Creek are currently being processed and analysed , with four holes in progress.HIGHLIGHTS (Cont.)Mawson owns 96,590,910 shares of SXG (49.4%), valuing its stake at A$232.8 million (C$213.1 million) based on SXG's closing price on July 3, 2024 AEST....