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Southern Cross Gold Ltd V.SXG


Primary Symbol: SXGDF

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

Bullboard Posts
Post by ALTOGETHERon Sep 16, 2008 1:49am
517 Views
Post# 15458576

Besides the Market, I Believe the Company is doing

Besides the Market, I Believe the Company is doingSome things are "out of our hands". One is the markets right now. But I believe the boys are continuing to bring the projects forward. It is nice to look back sometimes and read the past "Letter to Shareholders":

Our phase I drilling campaign at the INCA project in Chile has been a substantial undertaking, and as we sort through the enormous volume of new information, while integrating it with the historic activities, we are gaining a fuller appreciation of the districts potential. This is a big project that requires a steady and thorough effort to advance it to its fullest value. Throughout the past year we have entertained several larger parties who have expressed strong interest in possibly jointventuring the project with us. This may be the best way to more rapidly advance INCA, but we will proceed carefully so we don’t rush into a deal that short changes us over the long term. I’m sure there will be many more deliberations over the coming months as we methodically seek the most favorable opportunities.

With gold and silver demonstrating renewed vigor, our thoughts are frequently turning to the many quality targets at our Los Zorros project as well. The passage of time has only increased our confidence in our exploration efforts there and we are determined to secure the resources to facilitate the advancement of both INCA and Los Zorros simultaneously. We are part way to accomplishing this already as we continue to embrace our challenges and remain resolute in our exploration efforts.
Bullboard Posts