Southern Cross Gold Ltd. (AU:SXG) has released an update.
Southern Cross Gold Ltd has reported significant high-grade drilling results at its Rising Sun project, with record intersections suggesting a potential new high-grade mineralized domain. The company also announced a merger with Mawson Gold Ltd for the Sunday Creek asset and closed a fully underwritten A$10.23 million Rights Issue, ending the quarter with A$13.36 million in cash. The exploration stage company, which focuses on gold projects in Victoria and Queensland, Australia, has highlighted ongoing success in its drilling program with continuity in wide zones and high-grades down to over 1,000m depth at the Sunday Creek project.
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