SXG

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$3.18 southern cross gold ltd

Ann: SXG Intersects Third best hole (Amended), page-6

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Budweiser54

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03/06/23

08:41

Post #: 68111273
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Originally posted by WizardsTool: ↑

must admit, this caught my eye too ... think what they are saying is the mineralised envelope is at this scale ... extract below is from their latest release ... if you look at the drill-holes they list, there is a lot of 0.2-0.3 g/t type material which is probably the "cut-off" range they are using to get these widths ... this is fine for drill planning as it would give them a much bigger target to aim for ...

... unfortunately for SXG the grades that would be of economic interest are far too narrow at these depths ... for now anyway

"Mineralised vein sets cross the host structure at on a predominate north-west orientation and are typically 10m to 40 m wide (cut off dependent), 20 m to 60 m along strike, and 300 m to 830 m down dip. As compared to other deposits, Sunday Creek benefits from the presence of multiple high-grade veins."

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Another thing that may catch your eye is in the JORC Table 1

• The true thickness of the mineralised intervals reported are interpreted to be
approximately 60-70% of the sampled thickness

Mandalay at Costerfield and NAG both use a figure of 25% of sampled thickness

60-70% is to say the least very optimistic and to say the most very misleading

Last edited by Budweiser54: 03/06/23

SXG Price at posting: 46.0¢ Sentiment: Sell Disclosure: Not Held
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Ann: SXG Intersects Third best hole (Amended), page-6

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Ann: SXG Intersects Third best hole (Amended), page-6

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