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Mawson Resources ( (TSE:SXGC) ) has issued an announcement.
Southern Cross Gold Consolidated Ltd. has announced successful drilling results from its Sunday Creek project, highlighting a significant 7.5-meter intersection with a grade of 36.2 g/t gold within a broader 347-meter mineralized zone. These results not only confirm the structural continuity of the deposit but also validate the company’s geological model through innovative drilling techniques. The discovery is strategically significant amid global antimony supply concerns, positioning Sunday Creek as a critical asset with its gold-antimony composition and its location in a secure tier-1 jurisdiction.
More about Mawson Resources
Southern Cross Gold Consolidated Ltd. operates in the mining industry, focusing on the exploration and development of gold and antimony resources. The company is actively engaged in the Sunday Creek project, which is noted for its high-grade gold deposits and significant antimony value, located in a stable jurisdiction in Victoria, Australia.
YTD Price Performance: 7.67%
Average Trading Volume: 64,211
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$771.3M
Learn more about SXGC stock on TipRanks’ Stock Analysis page.