Mawson Resources ( (TSE:SXGC) ) has issued an announcement.
Southern Cross Gold Consolidated Ltd announced significant drilling results from its Golden Dyke prospect, part of the Sunday Creek project. The discovery of new high-grade structures and consistent high-grade intercepts, including a notable 5.4 meters at 29.6 g/t gold, enhances the project’s economic potential and resource footprint. The company is advancing its exploration strategy with six active drill rigs, supported by substantial cash reserves, positioning Sunday Creek as a globally significant gold-antimony system.
More about Mawson Resources
Southern Cross Gold Consolidated Ltd operates in the mining industry, focusing on gold and antimony exploration and development. The company is engaged in the Sunday Creek Gold-Antimony project in Victoria, which is recognized for its high-grade, multi-million ounce potential and is one of the few Tier 1 independently owned greenfield projects globally.
YTD Price Performance: 34.67%
Average Trading Volume: 123,354
Technical Sentiment Signal: Sell
Current Market Cap: C$965.4M
Learn more about SXGC stock on TipRanks’ Stock Analysis page.