Melbourne - Southern Cross Gold Ltd ('SXG' or the 'Company') (ASX:SXG) announces results from four diamond drill holes: SDDSC114W1, SDDSC120, SDDSC121 and SDDSC121W1, from the Rising Sun and Golden Dyke prospects at the 100%-owned Sunday Creek Gold-Antimony Project in Victoria.
Drillhole SDDSC120, drilled deep beneath Golden Dyke, intersected five vein sets and discovered a new mineralised vein set 450 m vertical metres down dip below previous drilling at Golden Dyke. Drillhole SDDSC121W1 contributed two further +100 g/t AuEq x m intercepts: 0.4 m @ 311.3 g/t AuEq (291.3 g/t Au, 10.6% Sb) from 622.6 m and 3.4 m @ 56.0 g/t AuEq (53.7 g/t Au, 1.2% Sb) from 661.1 m.
Southern Cross Gold's Managing Director, Michael Hudson, states, 'Once again Sunday Creek delivers continued success on multiple fronts. 'Intersecting mineralisation 450 m down dip below Golden Dyke in a parallel structure speaks to the multiple opportunities to extend the volume of mineralisation down dip. Although moderate grade, this very large step shows, for the first time, the mineral system continuing 450 m below the main historic mines on the project. It also leads to further opportunities to multiple 'golden ladder' host structures. Further drilling is of course required to demonstrate how the system will develop in these areas, which we are already undertaking. Given the success of the system getting better at depth in the adjacent Rising Sun and Apollo areas, we have high expectations. 'It is also encouraging to witness the success of the SDDSC121/121W1 drill pair confidently intersect highgrade mineralisation where predicted. This demonstrates the robustness of our geological model and the ability to increase ounces by targeting high-grade strike extensions of multiple vein sets. Additionally, the ability of the SXG team to monitor drill holes in real time and to make deviations to ensure holes are drilled to plan is also extremely positive. 'Now we have five rigs drilling at site, we look forward to more than doubling the metres drilled at Sunday Creek via the 60 km of drilling planned over the next year.
About Sunday Creek
The Sunday Creek epizonal-style gold project is located 60 km north of Melbourne within 19,365 hectares of granted exploration tenements. SXG is also the freehold landholder of 133.29 hectares that form the key portion in and around the main drilled area at the Sunday Creek Project. Gold and antimony form in a relay of vein sets that cut across a steeply dipping zone of intensely altered rocks (the 'host'). When observed from above, the host resembles the side rails of a ladder, where the sub-vertical mineralised vein sets are the rungs that extend from surface to depth. At Apollo and Rising Sun these individual 'rungs' have been defined over 350 m depth extent from surface to 550 m below surface, are 10 m to 20 m wide, and 20 m to 100 m in strike. Cumulatively, 126 drill holes for 55,027 have been reported by SXG (and Mawson Gold Ltd) from Sunday Creek since late 2020. An additional 10 holes for 439 m from Sunday Creek were abandoned due to deviation or hole conditions. Fourteen drillholes for 2,383 m have been reported regionally outside of the main Sunday Creek drill area. A total of 64 historic drill holes for 5,599 m were completed from the late 1960s to 2008. The project now contains a total of forty-three (43) >100 g/t AuEq m and forty-nine (49) >50 to 100 g/t AuEq m drill holes by applying a 2 m @ 1 g/t lower cut. Our systematic drill program is strategically targeting these significant vein formations, initially these have been defined over 1,350 m strike of the host from Christina to Apollo prospects, of which approximately 620 m has been more intensively drill tested (Rising Sun to Apollo). At least 50 'rungs' have been defined to date, defined by high-grade intercepts (20 g/t to >7,330 g/t Au) along with lower grade edges. Ongoing step-out drilling is aiming to uncover the potential extent of this mineralised system. Geologically, the project is located within the Melbourne Structural Zone in the Lachlan Fold Belt. The regional host to the Sunday Creek mineralisation is an interbedded turbidite sequence of siltstones and minor sandstones metamorphosed to sub-greenschist facies and folded into a set of open north-west trending folds.
Further Information
Further discussion and analysis of the Sunday Creek project is available through the interactive Vrify 3D animations, presentations and videos all available on the SXG website. These data, along with an interview on these results with Managing Director Michael Hudson, with a 3D Leapfrog presentation, can be viewed at www.southerncrossgold.com.au No upper gold grade cut is applied in the averaging and intervals are reported as drill thickness. However, during future Mineral Resource studies, the requirement for assay top cutting will be assessed. The true thickness of the mineralised intervals reported individually as estimated true widths ('ETW'), otherwise they are interpreted to be approximately 55-65% of the sampled thickness for other reported holes. Lower grades were cut at 1.0 g/t AuEq lower cutoff over a maximum width of 2 m with higher grades cut at 5.0 g/t AuEq lower cutoff over a maximum of 1 m width unless specified.
Competent Person Statement
Information in this announcement that relates to new exploration results contained in this report is based on information compiled by Mr. Michael Hudson, a Fellow of the Australasian Institute of Mining and Metallurgy. He is the Managing Director of Southern Cross Gold Ltd. He has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity being undertaking to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Michael Hudson has consented to the inclusion in this report of the matters based on this information in the form and context in which it appears. Certain information in this announcement that relates to prior exploration results is extracted from the Independent Geologist's Report dated 16 March 2022 which was issued with the consent of the Competent Person, Mr Terry C. Lees. The report is included the Company's prospectus dated 17 March 2022 which was released as an announcement to ASX on 12 May 2022 and is available at www2.asx.com.au under code 'SXG'. The Company confirms that it is not aware of any new information or data that materially affects the information related to exploration results included in the original market announcement. The Company confirms that the form and context of the Competent Persons' findings in relation to the report have not been materially modified from the original market announcement.
Contact:
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SOUTHERN CROSS GOLD LTD 
