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Southern Cross Gold Consolidated Ltd. (SXGC) Closes the Market
Southern CompanySouthern Company(US:SO) Newsfileยท2025-03-04 22:13

Company Overview - Southern Cross Gold Consolidated Ltd. has recently been listed on the TSX Venture Exchange, marking a significant milestone for the company [1] - The company is focused on developing the Sunday Creek gold-antimony project located in Victoria, Australia [2] Project Highlights - The Sunday Creek project has shown exceptional drilling results, with 56 intersections exceeding 100 AuEq g/t x m from a total of 71.4 km of drilling [2] - Notable intercepts include 455.3 m at 7.2 g/t Au, which includes a remarkable 1.0 m at 2,318 g/t Au [2] - The project is situated in a Tier 1 mining jurisdiction and features antimony as a critical mineral [2] Operational Capacity - The company currently operates six diamond drill rigs on site and has plans to expand its drilling capacity [2] - The metallurgical testing indicates that the non-refractory ore is suitable for gravity-flotation processing [2] Financial Position - Southern Cross Gold Consolidated Ltd. has A$18 million in cash and owns 1,055 hectares of freehold land [2] - The company has established strong relationships with local stakeholders, enhancing its operational prospects [2] Growth Potential - The Sunday Creek project represents one of the few independently owned large-scale gold discoveries globally, indicating significant growth potential for the company [2]