Southern Cross Gold (ASX: $SXG) Announcement Overview

Southern Cross Gold Ltd (ASX: $SXG) has announced the successful drilling of the highest grades at Apollo, with the discovery of three new vein sets extending mineralisation 150 meters east at the Sunday Creek Project in Victoria. The drillhole SDDSC108A delivered exceptional results, including the highest grades of gold found at Apollo to date, further extending the known mineralisation 150 meters below prior drilling from SDDSC066. The company's Managing Director, Michael Hudson, expressed excitement about the results, highlighting the potential for further high-grade discoveries at Sunday Creek.

Executive Commentary

Southern Cross Gold's Managing Director, Michael Hudson, emphasized the significance of the latest drill hole results, stating, 'Drill hole SDDSC108A delivers on multiple levels, increasing both volume and grade at Sunday Creek in multiple dimensions. The hole demonstrates the system at Sunday Creek continues to the east and to depth, and that it is predictable and targetable.' Hudson also highlighted the discovery of three new vein sets extending mineralisation further east and the extension of mineralisation 150 meters deeper than previous drilling at Apollo Deep. He expressed optimism about the potential for further high-grade discoveries at Sunday Creek, with four drill rigs operating and assays from 11 holes awaited, indicating imminent news flow from the project.

Summary of Announcement

Southern Cross Gold's successful drilling at Apollo has resulted in the discovery of the highest grades of gold to date, along with the identification of three new vein sets extending mineralisation 150 meters east at the Sunday Creek Project. The company's Managing Director, Michael Hudson, expressed confidence in the continuity and persistency of mineralisation at Sunday Creek, highlighting the predictable and targetable nature of the system. With ongoing drilling operations and pending assay results, the company anticipates continued news flow from Sunday Creek, underscoring the project's potential for further high-grade gold discoveries.