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SXG Extends High-Grade Mineralisation 150 m Down Dip at Rising Sun West
Drills 7.0 metres @ 16.7 g/t Gold Antimony Significance of Sunday Creek Highlighted VAN...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"SXG Extends High-Grade Mineralisation 150 m Down Dip at Rising Sun WestDrills 7.0 metres @ 16.7 g/t GoldAntimony Significance of Sunday Creek Highlighted VANCOUVER, BC / ACCESSWIRE / August 19, 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 SDDSC122 and SDDSC122W1 from the Rising Sun prospect at the 100%-owned Sunday Creek Project in Victoria, Australia (Figure 4).Highlights:SDDSC122W1 intersected two high-grade vein sets in a 150 m down-dip step out at Rising Sun below SDDSC082 (1.7 m @ 249.2 g/t AuEq and 1.6 m @ 500.5 g/t AuEq). It included ten assayed intervals of > 10 g/t Au (up to 102.0 g/t Au), and three assayed intervals > 5% Sb (up to 21.4% Sb). Selected highlights include:2.4 m @ 9.7 g/t AuEq (8.0 g/t Au, 0.9% Sb) from 588.2 m, including:0.2 m @ 119.8 g/t AuEq (98.2 g/t Au, 11.5% Sb) from 588.2 m7.0 m @ 20.0 g/t AuEq (16.7 g/t Au, 1.7% Sb) from 627.0 m, including:0.3 m @ 58.5 g/t AuEq (54.1 g/t Au, 2.4% Sb) from 627.9 m1.2 m @ 37.4 g/t AuEq (36.7 g/t Au, 0.4% Sb) from 629.6 m1.3 m @ 58.4 g/t AuEq (43.3 g/t Au, 8.0% Sb) from 632.2 mSDDSC122 intersected the same two high-grade vein sets and included two assayed intervals of > 25 g/t Au (up to 356.0 g/t Au), and one assayed interval > 5% Sb (11.4% Sb). Selected highlights include:1.0 m @ 10.1 g/t AuEq (7.4 g/t Au, 1.4% Sb) from 612.5 m, including:0.1 m @ 70.0 g/t AuEq (48.6 g/t Au, 11.4% Sb) from 612.5 m0.1 m @ 356.4 g/t AuEq (356.0 g/t Au, 0.2% Sb) from 645.4 mCumulatively, 128 drill holes for 56,388 m have been reported by SXG (and Mawson Gold Ltd) from Sunday Creek since late 2020. Drillhole SDDSC122W1 contributed one further +100 g/t AuEq x m intercept . The project now contains a total of forty-four (44) >100 g/t AuEq * m and forty-nine (49) >50 to 100 g/t AuEq * m drill holes by applying a 2 m @ 1 g/t lower cut. Twenty-one drill holes on the project are currently being processed and analysed, with five holes in progress.Mawson owns 96,590,910 shares of SXG (48.9%), valuing its stake at A$236.6 million (C$215.71 million) based on SXG's closing price on August 16, 2024 AEST.Michael Hudson, Mawson Interim CEO and Executive Chairman, states : \"Two more holes and once again Sunday...