SXG 0.46% $2.18 southern cross gold ltd

Ann: SXG intersects spectacular 119.2m @ 3.9 g/t AuEq, page-180

  1. 5,953 Posts.
    lightbulb Created with Sketch. 587
    Hotcopper doesnt allow links of many external sites such as k1tc0 or st0ckh3ad..

    search for this for the artic;le: resources-top-5-gold-explorer-enjoys-30m-windfall-mays-top-asx-ipo-continues-dream-run

    This spinout of TSX-listed Mawson Gold explorer is enjoying the dream start to life on the ASX.SXG is currently up 240% on its May 12 listing price of 20c per share, thanks to a speccy 119m at 3.9g/t gold equivalent drill hit at the ‘Sunday Creek’ project in Victoria.This hit in hole SDDSC033 included a bunch of higher-grade zones like:1m @ 17.7g/t Au and 1.6% antimony (20.3g/t AuEq) from 160.5m3m @ 26.2g/t Au and 3.7% antimony (32g/t AuEq) from 180m, and2m @ 14.7g/t Au and 4.8% antimony (22.3g/t AuEq) from 189.9mAntimony is alloyed with lead and tin for use in products like bullets, batteries, and semiconductors.This latest result — drilled to test a 120m gap between three mineralised shoots — is “unprecedented”, managing director Michael Hudson says. This sort of width of high-grade mineralisation is rarely, if ever, seen in the Victorian goldfields.“A result of 119.2m @ 3.9g/t AuEq places the Sunday Creek project into a new realm and builds on what was already a remarkably successful drill program,” he says.“Continuity, with great width and grades, is now evident down to 335m vertical depth in the Apollo Shoot that remains open to depth, while multiple adjacent shoots remain to be drilled out.“With the freehold land secured, industry-leading drill results, strong local relationships, a team of ore discoverers in place and the drill rig continuing to target extensions to mineralisation found in SDDSC033, we highly anticipate further results.”Priority drilling is now underway to target wide and high-grade extensions to mineralisation found in SDDSC033.Beyond that, there is a 10km mineralised trend at Sunday Creek that has yet to receive any exploration drilling and offers potential future upside, SXG says.
 
watchlist Created with Sketch. Add SXG (ASX) to my watchlist
(20min delay)
Last
$2.18
Change
0.010(0.46%)
Mkt cap ! $427.1M
Open High Low Value Volume
$2.19 $2.28 $2.18 $301.2K 135.2K

Buyers (Bids)

No. Vol. Price($)
2 10893 $2.18
 

Sellers (Offers)

Price($) Vol. No.
$2.27 3000 1
View Market Depth
Last trade - 16.10pm 23/07/2024 (20 minute delay) ?
SXG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.