Southern Cross Gold Ltd (ASX: SX2) is a Victorian-based natural resources company focused on exploring precious and base minerals. The company owns three subsidiaries: Clonbinane Goldfield Pty Ltd, which holds the Sunday Creek Project tenements and is acquiring freehold land; Mawson Victoria Pty Ltd, holding rights under Option Agreements with Nagambie Resources for exploration; and Mawson Queensland Pty Ltd, which owns the tenements for the Mt. Isa Project. Southern Cross Gold is dedicated to advancing its exploration activities across these key assets in Australia’s mineral-rich regions.
Southern Cross Gold Ltd has made significant strides in its exploration and development activities, particularly at its 100%-owned Sunday Creek Gold-Antimony Project in Victoria, Australia. Recent drilling results, including impressive high-grade gold assays, underscore the project’s expanding potential, positioning the company for strong growth in the near future.
Southern Cross Gold’s Sunday Creek project has emerged as one of the most exciting gold-antimony discoveries in recent years. Recent drill results from the Christina prospect, part of this project, have far exceeded expectations. Notably, drill hole SDDSC150 returned a remarkable 1.7m @ 204.1 g/t gold, located 450m below surface and 350m down-dip from a previous high-grade intercept. This highlights the considerable potential for further gold discoveries at depth.
Christina is now regarded as the fourth major mineralised body at Sunday Creek, joining Apollo, Rising Sun, and Golden Dyke. The company has defined at least 70 ‘rungs’ of mineralised veins, characterised by high-grade gold values, and has seen consistent success with intersecting high-grade mineralisation at depth. This success is further validated by follow-up drilling in the area, such as SDDSC153, which revealed 3.5m at 3.1 g/t gold equivalent, deepening the understanding of the mineralised system.
In total, the project’s footprint has now expanded to a 1,350m strike from Christina to Apollo, with approximately 620m intensively tested to date. The systematic exploration program is set to continue, with a robust drill program of up to 60km planned through to Q3 2025, aimed at expanding the known resources and discovering new high-grade veins.
The exploration strategy at Southern Cross Gold is underpinned by a systematic approach to understanding the “Golden Ladder” structure, a geological feature that includes high-grade mineral veins (rungs) hosted in a dyke (rails). This structure has proven effective in identifying high-grade zones, which have consistently been encountered through their drilling campaigns.
The recent drilling success at Christina confirms the robustness of this system, with multiple high-grade veins intercepted in SDDSC150 and SDDSC153, which were initially planned as control holes. These results underscore the predictability and continuity of the mineralisation system, with high-grade zones extending at depth and along strike. This has significantly boosted confidence in the company’s ability to efficiently target mineralisation, positioning the company well to continue drilling in the Christina and surrounding areas.
The strategic focus is also on the expansion of the Sunday Creek project’s resource base and the conversion of Inferred Resources to Indicated Resources. SXGC has demonstrated success in advancing the understanding of the mineralised systems through its ongoing drilling campaigns, providing valuable data points for future exploration targets.
Antimony is a critical metal, vital to a range of high-tech applications, including the semiconductor and defence sectors, where it is used as an additive in primers for munitions. Recent export restrictions by China, which controls 56% of the global mined supply of antimony, have heightened the strategic importance of securing stable, high-quality sources of this metal. Southern Cross Gold is well-positioned to take advantage of this dynamic, with the Sunday Creek project representing one of the few large and high-quality antimony deposits outside of China.
The company’s growing exposure to antimony, alongside its gold reserves, places it in an enviable position within the mining sector. Antimony’s inclusion in critical minerals lists by governments such as the US, Australia, Japan, and the EU, as well as its role in energy transition technologies, enhances the long-term value proposition of Southern Cross Gold’s assets.
With ongoing exploration and further resource delineation, the company is positioned to unlock significant value from its antimony assets, further solidifying its strategic standing in the global mining landscape.
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