Mawson Resources ( (TSE:SXGC) ) just unveiled an announcement.
Southern Cross Gold Consolidated Ltd has announced a significant increase in its exploration target at the Sunday Creek gold and antimony project in Victoria, Australia. The new target estimates a potential mineralization of 8.1 to 9.6 million tonnes with grades ranging from 8.3 g/t to 10.6 g/t gold equivalent, reflecting a substantial growth in tonnage, grade, and total contained metal compared to previous estimates. This expansion, supported by increased drilling activities and improved technical data, underscores the project’s growing scale and high-grade potential, with further exploration efforts planned to continue along the strike and at deeper depths.
More about Mawson Resources
Southern Cross Gold Consolidated Ltd is a company operating in the mining industry, focusing on the exploration and development of gold and antimony projects. The company is actively engaged in expanding its exploration targets and enhancing its resource estimates, particularly at the Sunday Creek project in Victoria, Australia.
YTD Price Performance: 2.41%
Average Trading Volume: 70,662
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$733.6M
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