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Southern Cross Gold Consolidated Ltd V.SXGC

Alternate Symbol(s):  MWSND

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

Post by Heywood_Silverson Jan 18, 2024 10:01pm
208 Views
Post# 35835176

Updated investor presentation & my thoughts.....

Updated investor presentation & my thoughts.....Presentation shows a map of SXG's Victorian Goldfields holdings.  The two neighbouring mines are Costerfield & Fosterville.  Mandalay Resources owns Costerfield, but the big one (Fosterville) is owned by Agnico.  Agnico is considered the premiere gold producer globally (not by size but by management quality).  I am thinking that SXG just might have a long term suitor already shaping up right in their own backyard and it is none other than the one major (Agnico) who would always be on my short list of preferred suitors.

Next steps are to complete the SXG spinoff and keep adding lucrative drill holes to what should be a stellar maiden PEA at some point in the not too distant future.

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