Southern Cross Gold (ASX:SXG) reports further ‘high-grade’ gold-equivalent mineralisation from an ongoing diamond drilling program at its wholly-owned Sunday Creek Gold Project in Victoria.
The results, generated by multiple diamond drillholes, also demonstrate the existence of a new area of mineralisation beneath the Golden Dyke historic mine area, which has returned gold grades up to 38.2g/t AuEq, with an abundance of visible gold.
Key intercpets include: 48.9m at 3.0g/t AuEq from 182m, including ‘higher grade’ zones of 1.4m at 6.8g/t AuEq from 195.8m, incl. 0.4m at 22.97g/t AuEq from 195.8m and 13.7m at 9.4g/t AuEq from 201.3m, incl. 2.7m at 20.9g/t AuEq from 204.4m and 2.3m at 27.9g/t AuEq from 211.0m.
It is also reported that drillhole SDDSC049 represents a 550m step out hole along strike to the west of the Apollo deposit and 210m from the Rising Sun deposit.
Drilling is still ongoing across three areas along a 700m strike of known surface mineralisation, with the deepest drilling to date currently underway.
Southern Cross also reports it is particularly interested in drillhole SCDDSC050, which was designed to drill into the Rising Sun shoot in a previously untested west to east orientation.
Commenting on the results, Southern Cross Gold Managing Director, Michael Hudson said: “Over the last two weeks we have tripled the extent of ‘high-grade’ zones drilled at Sunday Creek and SDDSC049 delivers yet another 100g/t AuEq, with 19 drillholes now exceeding this threshold on the project – an ‘exceptional’ hit rate.
“Over the last two weeks we have tripled the extent of ‘high-grade’ zones drilled at Sunday Creek”
Sunday Creek keeps on beating expectations with ‘high-grade’ mineralisation now identified in our first drilling under the most productive mine on the project at Golden Dyke. With three ‘high-grade’ areas now drilled over a 700m strike at Golden Dyke, Rising Sun and Apollo we are witnessing the unveiling of a ‘significant’ mineral system that keeps on delivering grade, scale and width in spades.”
The company also notes that these results follow on from drillhole SDDSC045, which was located about 525m east of Apollo and returned an intercept of 89.5m at 1.9g/t AuEq including 3.8m at 28.9g/t AuEq, as announced by the company earlier this month.
Results returned to date deliver Southern Cross Gold the belief that Sunday Creek boasts the potential to be a truly ‘significant’ exploration discovery with 19 >100 cumulative grade x metres holes now intersected.
In addition, mineralised shoots from the project tenement demonstrate a down plunge orientation, with ‘high-grade’ mineralisation showing a linear continuity to at least 400m from surface and remaining open.
The Sunday Creek project is located 60km north of Melbourne and is contained within 19,365 hectares of both granted exploration licences and one granted retention licence, with Southern Cross Gold owning 100% of all associated tenements.
The project is prospective for epizonal-style gold mineralisation and boasts a 10km mineralised trend that extends beyond the current drilling area.
With drill work ongoing at the project, Southern Cross Gold announces that future drilling will be prioritised at the Golden Dyke deposit and that two additional drillholes (SDDSC048A/51) are currently being geologically processed and analysed.
Images: Southern Cross Gold Ltd