Southern Cross Gold Ltd V.SXG

Primary Symbol: SXGDF

Metals & Mining Gold

Southern Cross Gold Ltd is an exploration stage company with a focus on gold exploration in Australia. The Company’s focus is primarily on the exploration and development of its portfolio of exploration projects through its wholly owned subsidiaries, Clonbinane Goldfield Pty Ltd (Clonbinane), Mawson Victoria Pty Ltd (Mawson Victoria) and Mawson Queensland Pty Ltd (Mawson Queensland), which hold rights in the projects, including Sunday Creek Project, Whroo Project, Redcastle Project, and Mt Isa Project. Its flagship project, the 100%-owned Sunday Creek epizonal-style gold project, is located about 60 kilometers (km) north of Melbourne within 19,365 hectares (ha) of granted exploration tenements. The Redcastle Project is located in central Victoria about 120 km north of Melbourne, 45 km east of Bendigo and about 20 km northeast of Heathcote. The Mt Isa Project covers about 861 square kilometers of tenure in the Cloncurry/Mount Isa block in Queensland, over a combined 60 km of strike.

OTCPK:SXGDF - Post by User

Southern Cross Gold Ltd

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Post by pmseeker2on Dec 12, 2007 12:47pm

261 Views

Post# 14008361

Oversold

As always plays get oversold. Had to add some at these prices as appears most of the panicy have unloaded and there is a strong following who don't need to sell. Adrian's analysis seems to indicate that the news was shall we say 'not as everyone wanted' but overall OK. Here's a heads up for you on EXO news out this morning with amazing gold grades, 33m of 44.9 g/t plus copper trading at a canuck buck [ as always due your own dd] cheers

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