SXG Drills High-Grade Gold at Sunday Creek

Mawson Gold Limited's Southern Cross Gold Ltd. (SXG) announced significant drill results at the Rising Sun prospect of the Sunday Creek Project in Victoria, Australia. Highlights include multiple high-grade intersections, with SDDSC115A intercepting 11 mineralized structures and SDDSC117 testing two high-grade targets, yielding significant gold grades.

SDDSC115A intercepted mineralized structures over a width of 365.7 m from 512.4 m, featuring intersections such as 1.5 m at 12.4 g/t AuEq and 0.3 m at 87.2 g/t AuEq. Another notable result was SDDSC117's 0.5 m interval at 473.0 g/t Au from 913.6 m.

SXG plans a 60 km drill program within the next year, utilizing specialized NAVI drilling to enhance confidence in grade continuity. Seven drill holes are currently being analyzed, and four are in progress. Additionally, a regional IP geophysical survey is planned to explore the 10 km trend along strike from the core drill area, set to begin in September 2024.

Mawson owns 51% of SXG, valued at A$270.5 million based on recent share prices.