on Mawson Gold Limited (NASDAQ:MWSNF)
SXG Initiates Geophysical Survey at Sunday Creek Project
Mawson Gold Limited announced that Southern Cross Gold Ltd. has started a regional geophysical survey at the Sunday Creek Gold-Antimony Project in Victoria. This large-scale induced polarization (IP) survey aims to identify drill targets beyond the core area, covering a 12 km² and 6 km strike of mineralized zones.
The IP survey is critical for mapping gold-antimony mineralization due to its ability to detect pyritic halos around main trends. Previous drilling confirmed the presence of high-grade gold veins over an 8 km area, consistent with current core drilling results.
Five drill rigs are operational, processing 22 diamond drill holes, with more drilling planned. Mawson Gold holds a significant stake in SXG, valuing its shares at A$298.5 million as of October 8, 2024.
R. H.
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