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SXG Extends Mineralization 450 m Down Dip at Golden Dyke Drills 3.4 m @ 53.7 g/t Au and 0.4 m @ 291.3 g/t Au at Rising Sun Fifth Rig Added to Project
VANCOUVER, BC / ACCESSWIRE / July 23, 2024 / Mawson Gold Limited ("Mawson" or the "Company")...
About this update from Southern Cross Gold Consolidated Ltd.
[{"type":"text","content":"SXG Extends Mineralization 450 m Down Dip at Golden Dyke Drills 3.4 m @ 53.7 g/t Au and 0.4 m @ 291.3 g/t Au at Rising Sun Fifth Rig Added to ProjectVANCOUVER, BC / ACCESSWIRE / July 23, 2024 / Mawson Gold Limited (\"Mawson\" or the \"Company\") (TSXV:MAW)(Frankfurt:MXR)(PINKSHEETS:MWSNF) announces Southern Cross Gold Ltd. (\"Southern Cross Gold\" or \"SXG\") has released results from four diamond drill holes: SDDSC114W1, SDDSC120, SDDSC121 and SDDSC121W1, from the Rising Sun and Golden Dyke prospects at the 100%-owned Sunday Creek Gold-Antimony Project in Victoria (Figure 6).Highlights:SDDSC121W1 drilled west to east at Rising Sun to extend the strike length of the NW-SE oriented veins sets (\"rungs\"). It intersected six high-grade vein sets and one previously unmodelled vein set. It included eight assayed intervals of > 10 g/t Au (up to 558.0 g/t Au), and six assayed intervals > 5% Sb (up to 19.9% Sb). Selected highlights include:1.0 m @ 11.7 g/t AuEq (3.1 g/t Au, 4.6% Sb) from 618.6 m, including:0.7 m @ 15.2 g/t AuEq (2.8 g/t Au, 6.6% Sb) from 618.9 m0.4 m @ 311.3 g/t AuEq (291.3 g/t Au, 10.6% Sb) from 622.6 m (new vein set defined)3.4 m @ 56.0 g/t AuEq (53.7 g/t Au, 1.2% Sb) from 661.1 m, including:1.9 m @ 98.2 g/t AuEq (94.7 g/t Au, 1.9% Sb) from 661.7 mDrillhole SDDSC120 drilled east to west across Rising Sun and beneath Golden Dyke, intersected five mineralised domains and discovered a new mineralised vein set 450 m vertically down dip below previous drilling at Golden Dyke, within a parallel mineralised zone (a new \"golden ladder\") in the footwall. Although of moderate grade, this very large step out is considered extremely encouraging as it shows, for the first time the mineral system continuing 450 m below the main historic mines on the project. Selected highlights include:2.7 m @ 6.1 g/t AuEq (4.5 g/t Au, 0.8% Sb) from 600.4 m, including:0.9 m @ 12.9 g/t AuEq (9.6 g/t Au, 1.7% Sb) from 602.1 m0.5 m @ 3.7 g/t AuEq (3.7 g/t Au, 0.0% Sb) from 937.0 m (parallel zone in footwall)The fifth drill rig has arrived at site and is drilling at the Christina prospect located 500 m west of Golden Dyke. Eight drill holes on the project are currently being processed and analyzed, with five holes in progress.Mawson owns 96,590,910 shares of SXG (49.3%), valuing its stake at A$211.5 million (C$193.7 million) based on SXG's clo...