Southern Cross Gold Consolidated Ltd V.SXGC

Alternate Symbol(s): MWSND

Metals & Mining Gold

Southern Cross Gold Consolidated Ltd., formerly Mawson Gold Limited, is engaged in exploring for epizonal gold in the Victorian goldfields. The Company operates three exploration projects: Sunday Creek Project, Redcastle Project, and Mount Isa project. The Sunday Creek Project is a shallow orogenic (or epizonal) Fosterville-style deposit located approximately 60 kilometers (km) north of Melbourne and contained within 16,900 hectares (ha) of both granted exploration licenses and one granted retention license. It owns over 1,054.5 ha of freehold land on Sunday Creek that forms the key portion in and around the main drilled area at the project and the land immediately adjacent to the south. The Redcastle Project is located in central Victoria, approximately 120 km north of Melbourne, 45 km east of Bendigo and about 20 km northeast of Heathcote. The Company holds three granted exploration tenements southeast of Cloncurry totaling 387 square kilometers (km2) and a combined strike of 37 km.

TSXV:SXGC - Post by User

Southern Cross Gold Consolidated Ltd > Red Cloud Securities: BUY rating and C$0.50 target for MAW

<< Previous

Bullboard Posts

Next >>

Comment by Heywood_Silverson Aug 11, 2022 4:58pm

176 Views

Post# 34889699

RE:Red Cloud Securities: BUY rating and C$0.50 target for MAW

Fully agreed that a potential acquirer could scoop up Mawson and get the Finnish assets for free whilst claiming a stake at the entry level for the upside on Southern Cross.

Until such point that Mawson doesn't control 50.1% of Southern Cross, it will be our subsidiary and also the easiest way to obtain control of Sunday Creek.

<< Previous

Bullboard Posts

Next >>

What is the 'kiddie tax' when gifting stock?