SXG 4.64% $2.93 southern cross gold ltd

Ann: SXG Adds Third Rig at Sunday Creek, page-79

  1. 10,498 Posts.
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    Dont worry about short term fluctuations - big boys now know the story and know we might be sitting on another forsterville - depth results will be useful !!
    They buy slowly and relentlessly on a target like this, and it takes only a few impatient buyers to upset their carefully laid plans.

    Here is a review of what Micheal Hudson (our CEO) said in the last few minutes of his presso at Noosa.

    HOLE 50 - showing where it hit the Rising Sun Shoot and then five further veins (not yet assayed) to depth.
    He previously related to Forsterville which was mined shallow then went ballistic when the deep gold was found - that's what we want too !!

    https://hotcopper.com.au/data/attachments/4872/4872071-21ba6842e840705f8b9999aa961235c9.jpg

    CONTROLS ON THE GOLD - showing the major fault (the blue structure) and saying when the NW trending veins hit the fault they make a mineralised sausage 30m in diameter. Lets take that as being representative only.

    There is 500m undrilled of that blue structure to the west, and 8km to the east. Note that the thickness is not represented in the undrilled sections.
    I believe that mineralisation is strongest where structures like that kink, we don't yet know what is in store in the undrilled sections (IMO ??)

    https://hotcopper.com.au/data/attachments/4872/4872135-2d3b36031fe2a08f18ba78e0fd2aa855.jpg

    GL all. DYOR.

 
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