Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - July 15, 2026) - Southern Cross Gold Consolidated Ltd (TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF) (FSE: MV3) ("SXGC", "SX2" or the "Company") announces results from two drill holes from the 100%-owned Redcastle Project in Victoria (Figures 1 to 7). Redcastle is located 64 km to the NNW of the Company's Sunday Creek project (Figure 7).
Best results included 26.2 g/t Au over 0.14 m from 112.98 m and 15.4 g/t Au over 0.22 m from 321.84 m in drill hole SDDRE016 at the Laura prospect, two of eight individual high-grade gold intervals from that hole, which confirmed Costerfield-style gold-antimony mineralization including visible gold over more than 250 m of vertical extent. The true thickness of the mineralized intervals is interpreted to be approximately 70% to 85% of the sampled thickness for all reported holes.
Four High Level Takeaways:
First deep test confirms the system. SDDRE016 is among the first holes to test the Laura prospect below the historic workings and water table, intersecting gold and antimony bearing vein mineralisation over more than 250 m of vertical extent, with visible gold in subvertical extensional veins reminiscent of Costerfield-style mineralization.
High grades at depth. Eight separate high-grade gold intervals were returned from SDDRE016, headlined by 26.2 g/t Au over 0.14 m from 112.98 m, 15.4 g/t Au over 0.22 m from 321.84 m and 5.0 g/t Au with 0.33% Sb over 0.10 m from 294.11 m, demonstrating that the high grades historically mined at surface continue at depth.
A district-scale opportunity. Redcastle hosts 14 individual reefs across a 900 m cross-strike corridor and combined historic workings over 17 km of strike, the great majority of which has never been drill tested below approximately 50 m depth, providing a strong pipeline of targets along strike from Costerfield.
Regional growth in the Victorian epizonal goldfields alongside Sunday Creek. Eleven drill rigs are now operational across the 10km sitrike at Sunday Creek, with two rigs dedicated to targets outside the core drill area up to 8 km to the east, as the Company advances its 200,000 m drill program through to Q1 2027 with results pending from 71 holes.
Michael Hudson, President & CEO, states: "These are the first deep holes ever drilled beneath the Laura prospect at Redcastle, and they have done exactly what we hoped. We have intersected high-grade gold, visible gold and antimony in the same Costerfield-style vein architecture that has made this corner of Victoria one of the highest-grade gold endowments on earth.