SXG Drills Extend Mineralisation and Demonstrate Continuity at Apollo Prospect

Mawson Gold Limited announced that Southern Cross Gold Ltd. (SXG) has released results from two diamond drill holes, SDDSC119 and SDDSC119W1, from the Apollo prospect at the 100%-owned Sunday Creek Project in Victoria, Australia.

The SDDSC119 drill hole extended mineralisation 200 meters from Apollo to Apollo East and filled a 260-meter gap in Apollo Deeps, confirming continuity. Notable results include interceptions of high-grade vein sets, such as 1.4 meters at 20.0 g/t AuEq from Apollo East.

In Apollo Deeps, SDDSC119 showcased an intercept of 11.5 meters at 6.0 g/t AuEq. Additionally, wedge hole SDDSC119W1 demonstrated mineralisation continuity over 0.6 meters distance, supporting the confidence in the deposit's grading consistency.

The results underscore the project's expansion and potential, while four additional drill rigs are slated to enhance site capacity. Mawson Gold holds a 49.4% stake in SXG, currently valued at A$232.8 million.