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Southern Cross Gold Consolidated Ltd. Chees Depository Interest Repr 1 shs ( (AU:SX2) ) just unveiled an update.
Southern Cross Gold Consolidated Ltd has announced significant drilling results from its Golden Dyke prospect at the Sunday Creek Project. The company reported the highest individual gold grades ever recorded in the Golden Dyke system, with assays of 986 g/t and 416 g/t. These results confirm Golden Dyke as a robust, high-grade system with substantial width and grade, comparable to the Rising Sun prospect. The drilling extended the mineralization by 20 meters along strike and 65 meters downdip, indicating a continuous mineralized system with high exploration potential. The project remains under-drilled, suggesting significant upside potential for further discoveries.
The most recent analyst rating on (AU:SX2) stock is a Hold with a A$6.10 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 company operating in the mining industry, focusing on gold and antimony exploration and production. The company is engaged in developing its 100%-owned Sunday Creek Gold-Antimony Project located in Victoria, Australia, which is known for its high-grade mineral deposits.
Average Trading Volume: 619,812
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2B
See more data about SX2 stock on TipRanks’ Stock Analysis page.