Southern Cross Gold (ASX: SXG) has announced high-grade results from three new drill holes at the wholly-owned Sunday Creek project in Victoria.
Drilling of the first hole at the Rising Sun target was designed to test the continuity and grade of a new vein set at depth.
Highlights were 14.6 metres at 7.3 grams per tonne gold equivalent (6.3g/t gold, 0.6% antimony) from 569.8m, including 0.7m at 6.3g/t gold equivalent (5.3g/t gold, 0.6% antimony) from 573.2m, 2.7m at 7.7g/t gold equivalent (3.6g/t gold, 2.6% antimony) from 575.3m, and 1m at 73.8g/t gold equivalent (73.7g/t gold, 0.1% antimony) from 583m.
The other two holes tested the most easterly vein set at the Golden Dyke target.
Both holes intersected zones of low-grade mineralisation up to 40m in width.
Best results were 4.4m at 1.6g/t gold equivalent (1.6g/t gold) from 279.8m, including 0.8m at 6.1g/t gold equivalent (6.1g/t gold) from 281m; 1.2m at 2.7g/t gold equivalent (1.9g/t gold, 0.5% antimony) from 291.4m; and 10m at 1.5g/t gold equivalent (0.7g/t gold, 0.5% antimony) from 306m, including 0.5m at 5.1g/t gold equivalent (1.3g/t gold, 2.4% antimony) from 310.5m.
Project pedigree
Managing director Michael Hudson said the results continue to increase the company’s confidence and demonstrate the pedigree of the Sunday Creek project.
“A key goal in any exploration discovery is to demonstrate continuity of mineralisation … we predicted a new vein set and we hit the vein as predicted, which is extremely important as we demonstrate continuity of gold, especially at very high grades,” he said.
“Sunday Creek has an industry-leading hit rate and continues to deliver multiple wide intercepts defining large and continuous zones with predictable high-grade components which will be important for the potential future economics of this project.”
He said the company had four rigs working the main drill area at Sunday Creek to unlock value at other significant discoveries in the region.
Project location
The Sunday Creek epizonal-style gold project is located 60 kilometres north of Melbourne within 193.65 square kilometres of granted exploration tenements.
Geologically, it sits within the Melbourne Structural Zone in the Lachlan Fold Belt.
Southern Cross also owns another 1.32sq km which forms a key portion in and around the project’s drilled area.
Sunday Creek has an 11km mineralised trend defined by historic workings and soil sampling which is being drill tested for the first time with a fourth drill rig at the Tonstal target.
