SXG Research / Summary, page-5

Bumping this thread for discussion on the project

SXG yesterday announced: Ann: SXG Drills 305.8 m @ 2.4 AuEq (1.6 g/t Au, 0.5% Sb) from 319.2 m

It supports the theory (refer to previous DD post) that these historical epizonal VIC gold mines seem to have potential at depth, which was overlooked in the past

According to the announcement, they have raised $16M at 0.58c, a 11.5% premium to the 15 day VWAP. Strong support was received from institutional and sophisticated investors and SXG Directors.

"Funding will be used to add additional drill rigs with up to five diamond drill rigs planned (up from three active drill rigs operating today), to advance exploration at Sunday Creek."

In their recent Investor Presentation - 17 October 2022, they boast "Controls 3 of the 9 Victorian Epizonal Gold Fields" (again, refer back to previous DD post to understand what this is about).

Market doesn't seem very excited (volume wise), the results sound nice - but the truth is i dont know much about gold plays and their valuations. Interested to hear from more knowledgeable users about this recent intersect

Here's a video of the director talking about this latest intersect and the project: https://www.youtube.com/watch?v=6vs8GI3oeEI