Mawson Subsidiary SXG Hits High-Grade Gold in Deepest Drill Hole at Sunday Creek

VANCOUVER, BC / ACCESSWIRE / June 13, 2024 / Mawson Gold Limited announced that its subsidiary, Southern Cross Gold Ltd. (SXG), reported significant results from drill hole SDDSC118 at the Rising Sun prospect within the Sunday Creek Project in Victoria, Australia. The drilling extended high-grade mineralization 80 meters down dip, with a standout intercept of 3.6 meters at 124.8 g/t gold from 1,120.4 meters.

The deepest hole in the project also intersected multiple high-grade structures and defined three new vein sets at depth. Additional highlights included intercepts of 0.7 meters at 604.0 g/t gold and multiple assays over 900 g/t gold. The hole recorded three intersections over 100 g/t AuEq x m and two top 10 results for the Sunday Creek project.

Mawson holds a 49.6% stake in SXG, valued at approximately A$270.4 million. Ten further holes are currently being processed, with four others in progress.