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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
Comment by ALTOGETHERon Jun 09, 2011 11:20am
464 Views
Post# 18693228

RE: Clive Maund Comments

RE: Clive Maund Comments
I believe this is the original comment back from Adrian Douglas that is being talked about. I would also think they are just about ready to punch another hole into Cinchado very soon. Regarding the share price, I've noticed that it sometimes goes "back" so people can pick up shares quickly on the upswing but who knows right now.
I'm still waiting for Nora............and as I'm not a subscriber to Le Metropole Cafe, wondering what AD is saying but most importantly waiting for the soon to be put out financials for first quarter and a news release.

This was posted on yahoo message board from AD:

From today's Le Metropole Cafe's MIDAS column:

GATA’s Adrian Douglas is a mega-Samex fan and has visited the Cinchado target in Chili. I asked Adrian if he would give me his personal opinion of what these drill results mean…

Bill,
The key is that T-24 has identified the Cinchado target. We know the grade of this geologic horizon is likely to be 3 g/t because an up-thrown fault block had 150,000 tons mined from it. The much bigger part was down -thrown and laterally displaced by a granite intrusive. The holes that were drilled BEFORE the T-24 survey hit this granite sill but is perfectly understood now that the T-24 data has been acquired and interpreted. The Titan 24 responds superbly to the down-thrown block because it is also high in copper content. This means there is extremely high confidence on the exact location and size and likely gold grade of the target. The next holes in my opinion will be a major discovery of a world class gold resource.

On top of this there are good gold intercepts in the Milago and Milago-Pampa. The T-24 also indicated targets that are in additional to the many Samex has already generated.

Many people will not realize the implications of this but for me this is a last big buying opportunity before a next drill hole is put in Cinchado which is only weeks away.
Cheers
Adrian
Bullboard Posts