SXG DRILLS 470 METRE DOWNDIP EXTENSION BELOW HISTORIC GOLDEN DYKE MINE

Melbourne, Australia - Southern Cross Gold Ltd (“SXG” or the “Company”) (ASX:SXG) announces results from two “control” diamond drill holes (SDDSC125 and SDDSC126) that significantly extend the exploration target area. SDDSC125 and SDDSC126 were drilled 190 m and 470 m respectively below the base of the historic Golden Dyke mine area at the 100%-owned Sunday Creek Gold-Antimony Project in Victoria (Figure 4 in the announcement made through the ASX on 27 August 2024).
HIGHLIGHTS
• Two large step-out “control” diamond drill holes (SDDSC125 and SDDSC126) drilled perpendicular to the dyke breccia host rock but sub parallel to mineralised veins at the Golden Dyke prospect significantly extend the exploration target area as reported on 23 Jan 2024.
o SDDSC125 and SDDSC126 drilled 190 m and 470 m respectively below the base of the most productive historic mine on the 10 km long Sunday Creek field.
• SDDSC126 successfully intersected the dyke/breccia/altered sediment host structure down hole from 793 m to 836 m and drilled three high-grade vein sets 470 m below the historic workings. It included four assayed intervals of greater than 10 g/t Au (up to 44.4 g/t Au). Selected highlights include (Figures 1 and 2):
o 0.6 m @ 14.6 g/t AuEq (14.6 g/t Au, 0.0% Sb) from 807.0 m
o 4.8 m @ 2.4 g/t AuEq (2.4 g/t Au, 0.0% Sb) from 821.0 m, including:
 0.2 m @ 29.0 g/t AuEq (29.0 g/t Au, 0.0% Sb) from 822.4 m
o 1.8 m @ 13.0 g/t AuEq (11.3 g/t Au, 0.9% Sb) from 833.6 m, including:
 0.4 m @ 49.3 g/t AuEq (44.4 g/t Au, 2.6% Sb) from 834.9 m
• SDDSC125 intersected the dyke/breccia/altered sediment host structure down hole from 390 m to 415 m in a 190 m step out below the historic workings, proving the mineralised host continues along strike and at depth. Highlights included 1.0 m @ 2.4 g/t AuEq (1.4 g/t Au, 0.5% Sb) from 414.7 m (Figures 1 and 2).
• With these control holes now completed, the next steps at Golden Dyke are to drill east to west holes parallel to mineralised host structure (the ladder “rails”) and at high angle to the vein sets (“rungs”). Three east to west holes (SDDSC130, 132 and138) have now been completed with results pending.
• Cumulatively, 130 drill holes for 57,880 m have been reported by SXG (and Mawson Gold Ltd) from Sunday Creek since late 2020. Sixteen drill holes on the project are currently being processed and analysed, with five holes in progress.
Southern Cross Gold’s Managing Director, Michael Hudson, states, “Impressively, Sunday Creek continues to grow significantly beyond the exploration target area (Figure 2) with these new and important holes that show the system with high grades continuing almost half a kilometre below the most prolific mine on the 10km long historic Sunday Creek gold field.
“SDDSC125 and SDDSC126 were drilled 190 m and 470 m respectively below the base of the old workings. Despite (purposely) drilling perpendicular to the host dyke breccia host rock (“rails”), and sub-parallel to the mineralised vein sets (“rungs’), both holes, and especially SDDSC126, were successful in intersecting high grade gold and antimony mineralisation including 0.6 m @ 14.6 g/t Au, 0.2 m @ 29.0 g/t Au and 0.4 m @ 44.4 g/t Au.
“With these control holes now completed, the next step at Golden Dyke is to drill east to west holes at a high angle to the vein sets (“rungs”) to best test for mineralisation below Golden Dyke. Three east to west holes (SDDSC130, 132, 138 - Figures 1 and 2) have already been completed with results pending. Given these new results, the Company has already planned a significant number of further holes under Golden Dyke.”
For complete information
Please refer to the announcement released to the ASX on 27 August 2024 which can be viewed on the website www.southerncrossgold.com.au. Please also refer to the disclaimer found at the end of the video and below.
Important Note - Not financial advice
This video is provided for information purposes only and should not be construed as offering financial advice. Please consult professional advice before making any investment decisions, Southern Cross Gold Ltd may not be suitable for your investment needs.
Competent Person Statement
Information in the announcement that relates to new metallurgical results contained in this report is based on information compiled by Mr. Craig Brown, a Fellow of the Australasian Institute of Mining and Metallurgy can be found in the ASX Announcement.
Important Note: The potential quantity and grade of the Exploration Target is conceptual in nature
and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource
and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code.