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SXG Drills 331 m @ 6.8 g/t Gold (Uncut) Traversing 18 High-Grade Veins 200 m Down Dip Extension from Previously Announced Results, Best Hole to Date 7 Intersections >100 g/t Gold, up to 4,190 g/t Gold Rising Sun Area Remains Open with Assays Pending for 18 Holes
VANCOUVER, BC / ACCESSWIRE / October 23, 2023 / Mawson Gold Limited ("Mawson" or the "Compan...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"SXG Drills 331 m @ 6.8 g/t Gold (Uncut) Traversing 18 High-Grade Veins 200 m Down Dip Extension from Previously Announced Results, Best Hole to Date 7 Intersections >100 g/t Gold, up to 4,190 g/t Gold Rising Sun Area Remains Open with Assays Pending for 18 HolesVANCOUVER, BC / ACCESSWIRE / October 23, 2023 / Mawson Gold Limited (\"Mawson\" or the \"Company\") (TSX:MAW)(Frankfurt:MXR)(PINKSHEETS:MWSNF) announces the best hole drilled to date, SDDSC082, at SXG's 100%-owned Sunday Creek Project in Victoria, Australia, a spectacularly wide and high grade intersection of gold-antimony mineralization of 331.5 m @ 6.8 g/t Au from 413.6 m (uncut) in a 180 m to 290 m (average 200 m) down dip extension of a previous drilled mineralized zone (Figure 5).SDDSC082 contains the highest grades (up to 4,190 g/t Au) and includes three of the top five individual intersections at Sunday Creek: 13.1 m @ 91.7 g/t Au from 413.6 m, 68.5m @ 4.8 g/t Au from 506.3 m and 5.0 m @ 60.9 g/t Au from 588.0 m. Seven assayed intervals have >100 g/t Au (up to 4,190 g/t Au), 20 assayed intervals have >15 up to 100 g/t Au and seven intervals have >5% Sb (up to 24.3% Sb).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 in the main drill area at Sunday Creek where 18 holes (SDDSC079, 83, 85-86, 88-99, 101, 103) are currently being geologically processed and chemically analyzed, and four holes (SDDSC0100, 102, 104, 105) are in drill progress (Figures 1-2).Highlights:SDDSC082 drilled at the Rising Sun Prospect intersected 331.5 m @ 7.1 g/t AuEq (6.8 g/t Au, 0.2 %Sb) from 413.6 m (uncut) traversing 18 high-grade veins and is a 180 m to 290 m (average 200 m) down dip extension from drill hole SDDSC077B (404.4 m @ 5.6 g/t AuEq from 374.0 m) previously announced on September 5, 2023 (Figures 1-3).Photos 1: SDDSC082 from 418.6 m (within assayed interval 0.2 m @ 4,190 g/t AuEq (4,190 g/t Au, 0.1% Sb) from 418.4 m to 418.6 m (Table 3)) showing visible gold within and quartz-carbonate and stibnite vein. Millimetre scale HIGHLIGHTS continuedOn a grade-thickness basis, SDDSC082 (cumulative 2,418 AuEq g/t x m) is the best hole drilled on the project to date and is a significant expansion of the Rising Sun mineralized footprint. The hole hit continuous mineralization that can be map...