Southern Cross Gold Consolidated Rides High on Exploration Success
Key Highlights
- Exceptional Drill Results: 204.1 g/t gold over 1.7 meters at Christina prospect.
- Exploration Target Doubled: Now estimated at up to 3.2 million ounces AuEq.
- Aggressive Drilling Program: 60 km planned through Q3 2025 with eight rigs operational.
Southern Cross Gold Consolidated Ltd (ASX: SX2) continues to impress the market with its latest drilling results from the Sunday Creek Gold-Antimony Project in Victoria, Australia. The company reported a standout intercept of 204.1 grams per tonne (g/t) gold over 1.7 meters at the Christina prospect, located approximately 450 meters below surface. This high-grade intersection, from drill hole SDDSC150, extends the known mineralization 350 meters down-dip from previous drilling, indicating the system’s continuity at depth .
The Christina prospect is part of the broader Sunday Creek project, which has rapidly emerged as one of the Western world’s most significant gold-antimony discoveries. Southern Cross has achieved 61 intersections exceeding 100 g/t AuEq x meters from just 75 km of drilling, showcasing the project’s exceptional grade and scale potential .
In response to these promising results, the company has doubled its Exploration Target at Sunday Creek. The updated target now estimates between 2.2 to 3.2 million ounces of gold equivalent (AuEq) contained within 8.1 to 9.6 million tonnes grading 8.3 to 10.6 g/t AuEq .
To accelerate exploration, Southern Cross has increased its drilling capacity, mobilizing eight diamond drill rigs to the site. The aggressive 60 km drilling program planned through Q3 2025 aims to further delineate the resource and support the company’s goal of establishing an Inferred Resource by Q1 2027 .
Financially, Southern Cross is well-positioned to fund its exploration activities. The company recently closed the second tranche of a private placement, raising C$29.9 million, contributing to a total of C$143 million (A$162 million) secured to date. These funds are allocated for drilling, decline development, a Preliminary Economic Assessment, and regional exploration along the 12 km mineralized trend .
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As of May 28, 2025, SX2 shares are trading at $5.92, reflecting a 3.5% increase on the day and a 55.79% return over the past year. With a market capitalization of $1.32 billion, Southern Cross Gold Consolidated stands out as a leading exploration company in Australia’s gold sector.
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