An announcement from Mawson Resources ( (TSE:SXGC) ) is now available.
Southern Cross Gold Consolidated Ltd has announced an increase in its drilling operations at the Sunday Creek gold-antimony project in Victoria, Australia, by adding two more diamond drill rigs, bringing the total to eight. This expansion is part of a comprehensive strategy to advance regional-scale exploration and resource definition, with ongoing geophysical and soil sampling programs aimed at revealing crucial subsurface structures and expanding mineralized trends. The company’s efforts are aligned with derisking the project and positioning it for growth, while the exemption of antimony ores from US tariffs provides a favorable market condition.
More about Mawson Resources
Southern Cross Gold Consolidated Ltd operates in the mining industry, focusing on the exploration and development of gold and antimony projects. The company is actively engaged in expanding its mineral resources, particularly at its 100%-owned Sunday Creek project in Victoria, Australia.
YTD Price Performance: 25.62%
Average Trading Volume: 136,855
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$901.2M
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