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The latest announcement is out from Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs ( (AU:SX2) ).
Southern Cross Gold has reported strong new drilling results from the Rising Sun prospect at its Sunday Creek Gold-Antimony Project in Victoria, highlighted by drillhole SDDSC196, which cut a 559-metre mineralised corridor averaging 2.5 g/t gold equivalent and traversing 16 vein sets. The hole delivered one of the project’s best intercepts to date with 1.3 metres grading 670 g/t gold equivalent at depth, as well as a record 0.16 metres at 65.9% antimony plus 78.5 g/t gold, underscoring both the ultra high-grade nature of the system at depth and the project’s strategic antimony potential. Additional holes successfully infilled and extended known high-grade zones and defined the outer limits of the Rising Sun system, while 10 rigs currently on site and 39 pending drillholes point to accelerating exploration momentum; with 95 composite intercepts now above 100 g/t gold equivalent, Sunday Creek continues to emerge as a high-grade discovery of growing significance for the company and its stakeholders.
The most recent analyst rating on (AU:SX2) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs stock, see the AU:SX2 Stock Forecast page.
More about Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs
Southern Cross Gold Consolidated Ltd is a mineral exploration company focused on high-grade gold and antimony deposits, primarily through its 100%-owned Sunday Creek Gold-Antimony Project in Victoria, Australia. The company targets structurally controlled, quartz-vein hosted mineral systems and is positioning Sunday Creek as a potentially significant Western source of both gold and critical antimony for global markets.
Average Trading Volume: 544,851
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.99B
Find detailed analytics on SX2 stock on TipRanks’ Stock Analysis page.