Bullboard - Stock Discussion Forum 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... see more

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Southern Cross Gold Consolidated Ltd > Mawson Drills 5.6 metres @ 10.0 g/t AuEq in Deepest Hole

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Post by Betteryear2 on Mar 08, 2022 6:04am

Mawson Drills 5.6 metres @ 10.0 g/t AuEq in Deepest Hole

VANCOUVER, BC / ACCESSWIRE / March 8, 2022 / Mawson Gold Limited ("Mawson" or the "Company") (TSX:MAW)(FRA:MXR)(OTC PINK:MWSNF) is pleased to announce assay results from the deepest diamond drill hole (MDDSC026) drilled at the Sunday Creek project in the Victorian Goldfields of Australia. The Sunday Creek epizonal-style gold project is located 60 kilometres north of Melbourne and within 19,365 hectares of granted exploration tenements.

Highlights:

5.6 metres @ 9.2 g/t Au and 0.8% Sb (10.0 g/t AuEq) from 469.7 metres in hole MDDSC026, including:
- 1.2 metres @ 36.2 g/t Au and 3.3% Sb (39.4 g/t AuEq) from 470.0 metres.
Increases mineralization depth to 420 metres vertical, the deepest drill hole at Sunday Creek.
Drilled on the same mineralized shoot 130 metres west and below previously reported MDDSC025, which intersected 11.7 metres @ 16.0 g/t AuEq from 362.0 metres (Tables 1-3, Figures 1-3).
Prospectus to be lodged in March for the proposed spin-out of Mawson's Australian assets onto the Australian Securities Exchange ("ASX").