Mawson Gold Limited announced Southern Cross Gold Ltd. ("Southern Cross Gold" or "SXG") has released results from two diamond drill holes SDDSC119 and SDDSC119W1 from the Apollo prospect at the 100%-owned Sunday Creek Project in Victoria, Australia. Continuity of mineralisation was demonstrated with SDDSC119 and SDSC119W1 assaying respectively 5.6 m @ 4.3 g/t AuEq and 5.5 m @ 5.1 g/t AuEq. Nine drill holes at Sunday Creek are currently being processed and analysed, with four holes in progress. Drill holes SDDSC119 and 119W1 demonstrated extensions of three high grade veins sets 200 m east at Apollo East, including 1.4 m @ 20.0 g/t AuEq, and infilled seven veins in a 260 m wide gap at Apollo Deeps, which included 11.5 m @ 6.0 g/t Au Eq. Encouragingly the wedge hole demonstrated continuity of grade at a close (0.6 m) spacing, and at a scale never tested at the project. These results are important as they show continued project growth as well as continuity of grades at different scales. Drill Hole Discussion. Two drill holes (SDDSC 119 and 119W1) are reported from the Apollo prospect. SDDSC119. was designed to test new mineralisation located 200 m east of Apollo to Apollo East, and to infill a 260 m gap in Apollo Deeps. The hole was drilled 58 m - 113 m down-plunge of SDDSC116 (15.0 m @ 9.8 g/t AuEq (8.8 g/t Au, 0.5% Sb) from 511.2 m) and 38 m up-plunge of SD DSC108A (0.2 m @ 576.1 g/t Au Eq (576.0 g/t Au,0.1% Sb) from 762.9 m), proving continuity over 260 m of mineralised plunge and extended mineralisation domain footprints at depth. Further discussion and analysis of the Sunday Creek project by Southern Cross Gold is available on the SXG website at . No upper gold grade cut is applied in the averaging and intervals are reported as drill thickness. During future Mineral Resource studies, the requirement for assay top cutting will be assessed. The Costerfield mine corridor, now owned by Mandalay Resources Ltd. contains two million ounces of equivalent gold (Mandalay Third Quarter 2021 Results), and in 2020 was the sixth highest-grade global underground mine and a top 5 global producer of antimony.MAW considers that it is appropriate to adopt the same gold equivalent variables as Mandalay Resources Ltd. in its Mandalay Technical Report, 2024 dated March 28, 2024. The gold equivalence formula used by Mandalay Resources was calculated using Costerfield's 2023 production costs, using a gold price of US$1,900 per ounce, an antimony price of US$12,000 per tonne and 2023 total year metal recoveries of 94% for gold and 89% for antimony
of Sunday Creek mineralization at Costerfield, SXG considers that a = (/) + 1.88 × (%) is Based on the latest Costerfield calculation and given the similar geological styles and historic toll treatment appropriate to use for the initial exploration targeting of gold-antimony mineralization at Sunday Creek.