November 29, 2024
Mawson Gold Ltd. (TSXV:MAW, BUY, C$1.30 target, Ron Stewart) announced that its 49%-owned subsidiary, Southern Cross Gold (ASX:SXG, Not Rated) has received results from hole SDDSC141 at the Golden Dyke zone at its 100%-owned Sunday Creek Au-Sb project in Victoria, Australia. The hole demonstrated the multiple mineralized veins at Golden Dyke to a depth of 550m, extending mineralization by 200m down-dip. The highlight intercept was 26.1 g/t AuEq over 5.5m (25.4 g/t Au and 0.4% Sb) from 589.3m, which is the highest g×m interval to date and one of only three intercepts of over 100 g×m AuEq at Golden Dyke. Other notable intercepts include: 1) 15.3 g/t AuEq over 1.8m, 2) 9.0 g/t AuEq over 4.1m, 3) 5.0 g/t AuEq over 6.3m and 4) 11.4 g/t AuEq over 2.8m. Sunday Creek is comprised of the principal Apollo, Rising Sun, Golden Dyke zones within a ~2.0km mineralized trend that is open along strike and at depth. We maintain the 3-5.5M oz AuEq mineral resource potential for Sunday Creek as noted in our recent update report. Southern Cross is currently completing a 60,000m drill program with 5 drill rigs at Sunday Creek. Read more
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Mawson Gold Ltd. – TSXV:MAW
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