Southern Cross Gold Ltd (ASX:SXG) has obtained positive results from three further drill holes at a high angle to the successful SDDSC050 hole, at the wholly-owned Sunday Creek Project in Victoria, Australia.
Drilling with three rigs is in progress at Sunday Creek at the Golden Dyke, Rising Sun and Apollo prospects with 13 holes being processed and analyzed or in progress.
Highlights
• Drill hole SDDSC055, the first cross hole drilled to test the upper levels across hole SDDSC050, successfully demonstrated significant scale, grade and continuity of mineralization around SDDSC050. Gold and antimony mineralization was intersected up to 60m above and 40m east of SDDSC050 in the plane of the Rising Sun shoot, indicating a thickening or bulging of the host structure at depth. SDDSC050 was reported on 21 November 2022 and 14 December 2022 and intersected 521 m of mineralization including 305.8 m @2.4g/t AuEq.
• Better results from SDDSC055 are:
o 18.6m @4.1g/t AuEq (1.2g/t Au, 1.8% Sb) from 388.5 m including: 0.9m @25.0g/t AuEq (4.1g/t Au, 13.2% Sb) from 388.5m, 0.4m @59.3g/t AuEq (9.8g/t Au, 31.4% Sb) from 392.0m, 2.1m @11.5g/t AuEq (4.7g/t Au, 4.3% Sb) from 400.4m and 0.3m @8.3g/t AuEq (5.1g/t Au, 2.0% Sb) from 405.9m
o 5.1m @2.8g/t AuEq (1.7g/t Au, 0.7% Sb) from 417.9m including: 0.2m @26.8g/t AuEq (12.6g/t Au, 9.0% Sb) from 417.9m and 0.6m @10.4g/t AuEq (7.9g/t Au, 1.6% Sb) from 420.8m
• Drill hole SDDSC053, which drilled parallel to and 140m above SDDSC050, intersected the lower grade margin of three veins sets as it was drilled too far north of the Rising Sun shoot and skimmed the northern margins of the host breccia dyke, exiting the host position as a consequence.
“A strong result confirming mineralization around hole SDDSC050 extends further than previously known. SDDSC055, which reported 18.6m @4.1g/t AuEq, is the first hole drilled at a high angle to SDDSC050,” Managing Director, Michael Hudson, said.
“This is a critical building block to our knowledge of the width, grade and continuity of gold and antimony mineralization at these deeper levels, with this result located up to 60m above and 40m east of SDDSC050, suggesting bulging of the host structure at depth. A further five holes will be or have been drilled to test the mineralization in SDDSC050 from the NW-SE orientation to gain further knowledge in an E-W direction.
“In terms of targetability, one of the huge advantages of Sunday Creek is that the breccia dyke host structure is clearly defined and mappable and extends over at least over 1.2km and down to 800m within the drill area, but also along strike for up to 10 km with evidence of multiple parallel dyke structures present in the regional area.
“Within the host, structural controls on high grade gold mineralization are well understood and allow us to effectively target mineralization, and also understand what a near-miss looks like through geochemical and alteration vectors, as is the case for SDDSC053.
“We currently have thirteen drillholes awaiting assays or in progress, including the deepest drill holes so far drilled on the project at Rising Sun and Apollo. Momentum is high on the project, with three drill rigs operating. With the company holding A$17.9m cash as of last quarter, the objective is to complete over 30,000m of drilling over the next year.”
For further information please visit: https://www.southerncrossgold.com.au/
