on Mawson Gold Limited (NASDAQ:MWSNF)
Sunday Creek Project's Promising 260m Expansion at Christina
Mawson Gold Limited announced that Southern Cross Gold Ltd. uncovered a substantial extension to the mineralization at the Sunday Creek Gold-Antimony Project in Victoria, Australia. A 260-meter expansion at the Christina site has resulted in a 19% increase in the known strike length, now totalling 1,350 meters. This development marks the site as the fourth high-grade prospect within the project.
Highlights include drilling results from the historic Christina mine, with intersections achieving remarkable grades, such as 1.7 meters at 250.8 g/t gold and 1.7% antimony from 208.2 meters. The discovery strengthened Christina’s status as a prime exploration target, positioned several hundred meters west of other key prospects.
Ongoing exploration efforts, including 60 km of planned drilling, aim to enhance both the potential and understanding of the mineral inventory at Sunday Creek. Mawson holds a significant stake in Southern Cross Gold, valued at A$312 million, underscoring the project's financial and exploratory significance.
R. P.
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