The Southern Cross Gold Consolidated Ltd (ASX: SX2) share price is in focus after the company announced high-grade gold and antimony drilling results at its Sunday Creek Project, including a standout intersection of 0.3 metres at 1,466 grams per tonne (g/t) gold.
What did Southern Cross Gold report?
- Five new drill holes at the 100%-owned Sunday Creek Gold-Antimony Project, Victoria
- Headline result: 0.3 m at 1,466.4 g/t gold, including 0.1 m at 4,500 g/t gold
- Three composite intersections above 100 g/t gold and four between 50 and 100 g/t gold
- Deepest mineralisation to date at Rising Sun, confirming grade continuity at depth
- Project totals: 278 holes and 134.5 km drilled since late 2020; 96 intersections above 100 g/t gold
- 200,000m drill program underway, with results pending from 76 holes
What else do investors need to know?
The latest results from Rising Sun represent the deepest and highest-grade intersections yet, expanding the project’s known mineralisation zone both laterally and at depth. Notably, these drilling step-outs are delivering consistently high grades, supporting the view that Sunday Creek’s gold and antimony system remains open and continues to grow in scale.
Southern Cross Gold has a strong strategic position, holding 1,392 hectares of key freehold land at Sunday Creek, and is pursuing systematic exploration across a 16,900-hectare tenement package near Melbourne. The project is gaining significance as antimony is recognised as a critical mineral, with applications in batteries, defence, and high-tech manufacturing.
What’s next for Southern Cross Gold?
Southern Cross Gold is pressing ahead with its major 200,000-metre drilling campaign, aiming to define the full extent of the Sunday Creek system by Q1 2027. The company is focused on confirming grade continuity, expanding known mineralised zones, and further testing step-outs beyond current exploration targets.
Given global attention on supply security of critical minerals, Sunday Creek’s gold-antimony resource could become increasingly important, bolstered by improving metallurgical results and strategic positioning with government and industry partners.
Southern Cross Gold share price snapshot
Over the past 12 months, Southern Cross Gold shares have risen 91%, significantly outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.
The post Southern Cross Gold reports drilling results appeared first on The Motley Fool Australia.
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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.