Southern Cross’ deepest hole at its Sunday Creek project in Victoria is proving to be a true winner on several counts, including a wide and rich gold-antimony intersection.

Hole SDDSC050 was originally drilled to test under the Rising Sun shoot but continued to intersect mineralisation in an undrilled area between Rising Sun and Apollo.

The hole – the deepest drilled by the company to date – has so far intersected nine separate mineralised zones with at least eight new vein sets and assays returning a 305.8m intersection grading 2.4 grams per tonne (g/t) gold equivalent (AuEQ), or 1.6g/t gold and 0.5% antimony from a down-hole depth of 319.2m.

This includes 12 high-grade intersections grading more than 20g/t gold, five of which returned more than 100g/t gold including top assays of 181g/t gold and 9.7% antimony with multiple visible gold intersections.

And if this wasn’t enough for Southern Cross Gold (ASX:SXG), just 67% of the hole, which was drilled to a total depth of 923.7m, has been assayed to date with visible gold noted in restricted sections below the assayed intervals.

But wait there’s more!

Not only is there considerable potential for mineralisation to continue, hole SDDSC050 also takes the total number of >100 g/t x m AuEq intersections drilled to date at Sunday Creek up to 20 – a clear sign of the project’s riches.

“Simply put, Sunday Creek is getting bigger and better. SDDSC050 was drilled to test under the Rising Sun shoot, however mineralisation did not stop, so the hole was extended to these great depths to deliver what we consider to be one of the more significant greenfield discovery drill holes in Victorian gold exploration,” managing director Michael Hudson said.

“The Sunday Creek project is improving, like many epizonal deposits in the region, with depth. The extremely wide intersection, defining 8 new veins sets, is the deepest to date, almost doubling prior depths tested.

“The ability for the drill hole to remain within the mineralised dyke breccia host for at least 300 m (and continuing) is perhaps indicative of a structural blowout at depth, that increases prospectivity enormously.”

Sunday Creek project

Sunday Creek is located within the Melbourne Structural Zone in the Lachlan Fold Belt with mineralisation controlled by veining, stibnite-gold-matrix breccias and brittle faults.

As is typical for epizonal deposits like Fosterville and Costerfield, locally visible gold is hosted in quartz and carbonate veins, with a later intense stibnite-bearing vein and breccia overprint.

The constant stream of drill successes may have far proven Sunday Creek’s potential to be a significant exploration discovery but there is more to come given that there’s a 10 km mineralised trend which extends beyond the drill area.

This trend is defined by historical workings and soil sampling and has yet to receive any exploration drilling and offers potential future upside.

Drilling is progressing with three rigs drilling at the Golden Dyke, Rising Sun and Apollo prospects.

Six holes are currently being geologically processed and analysed while two holes are being drilled.

This article was developed in collaboration with Southern Cross Gold, a Stockhead advertiser at the time of publishing.

 This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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