Metals

Southern Cross reveals more high-grade gold results at Sunday Creek

CBCIE Time:Oct 17, 2022 11:54 Source:smallcaps

Southern Cross Gold has announced a series of high-grade gold intersections from drilling at its wholly-owned Sunday Creek project in Victoria.

The results are from the first drill tests undertaken in a northwest-southeast orientation across the north-northeast-trending Apollo shoot.

They are reported to demonstrate continuity of high-grade mineralisation and show the true thickness of the target.

The first hole returned 89.5m at 1.9 grams per tonne gold equivalent (1.8g/t gold and 0.04% antimony) from 97.4, and included numerous higher-grade intervals such as: 3.8m at 28.9g/t (28.9g/t gold and 0.01% antimony) from 183m, and 0.3m at 362.6g/t gold equivalent (362.5g/t gold and 0.04% antimony) from 184.3m.

Assays from the second hole revealed 36.1m at 1.14g/t gold equivalent (1.2g/t gold and 0.08% antimony) from 111.9m, including 6.3m at 4.7g/t gold equivalent (4.1g/t gold and 0.35% antimony) from 137.5m, including 0.6m at 16.6g/t gold equivalent (16.4g/t gold and 0.10% antimony) from 143.3m.

The company said both holes form part of a cluster of higher-grade intersections within an area of the Apollo shoot measuring 60m by 30m by 30m.

Previous holes drilled across various orientations of the same area have also demonstrated significant grades and widths with best results of 119.2m at 3.9g/t gold equivalent (3.2g/t gold and 0.45% antimony) from 106.8m, including 5.2m at 22.3g/t gold equivalent (14.7g/t gold and 4.82% antimony) from 189.9m; and 14m at 12.9g/t gold equivalent (9.3g/t gold and 2.30% antimony) from 194m, including 3.2m at 17.9g/t gold equivalent (13.1g/t gold and 3.00% antimony) from 197.6m.

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