Southern Cross Gold Drills 9.2 m @ 32.2 g/t Gold 1.0% Antimony from Golden Dyke

The most recent news, dated November 18, 2025, announces exceptional drill results from hole SDDSC184A at the Golden Dyke prospect of the Sunday Creek Project. The key intersection was 9.2 meters (m) grading 32.2 grams per tonne (g/t) gold (Au) and 1.0% antimony (Sb). This intercept included the two highest individual gold grades ever recorded in the Golden Dyke system: 986 g/t Au over 0.2 m and 416 g/t Au over 0.2 m.

The results have extended the mineralized system by 20 m along strike and 65 m downdip. The company also provided an operational update, noting ten active drill rigs on site and a significant backlog of 48 completed holes with results pending. The CEO, Michael Hudson, stated that these results demonstrate Golden Dyke hosts the same high-grade mineralization seen at the Rising Sun prospect.

The November 18 news is materially positive. While not a "game-changer" in the sense of a new discovery, it is a crucial confirmation and extension of a known high-grade system. As an analyst focused on risk, this result significantly de-risks the geological model for the Golden Dyke prospect and reinforces the thesis that Sunday Creek is a large, continuous, and exceptionally high-grade gold-antimony system.

Reviewing the historical news provides essential context: - Project De-risking: Throughout 2025, the company has systematically de-risked the Sunday Creek project. A major milestone was the doubling of the Exploration Target in March to 2.2–3.2 Moz AuEq at a very high grade of 8.3–10.6 g/t AuEq. This was followed by successful metallurgical results in August, showing excellent recoveries (92-96% for gold) using conventional methods. The company also began the permitting process for an exploration tunnel in March. - Consistent High-Grade Results: The company has released a steady flow of exceptional drill results from all four key prospects (Christina, Rising Sun, Apollo, and Golden Dyke), consistently extending mineralization along strike and to depth. Noteworthy results include 1.7 m @ 204.1 g/t Au at Christina (Jan 29), 3.4 m @ 466 g/t Au at Rising Sun (May 28), and 28.6 m @ 10.3 g/t Au at Apollo (Apr 23). The latest results from Golden Dyke fit perfectly into this pattern of success. - Financial Strength: A transformative C$143 million financing was completed in May 2025 at C$4.50 per share. This fully funds the company's aggressive 200,000-meter drill program, decline development, and economic studies through Q1 2027, eliminating any near-term financing risk.

The latest news builds directly on the October 23 release, which also reported system expansion at Golden Dyke. The new results, with a standout intercept of 9.2 m @ 32.2 g/t Au, confirm the high-grade nature and scale potential of this zone. The fact that 48 holes are pending results indicates a strong pipeline of potential catalysts. These results are in line with the high expectations the market now has for Sunday Creek and support the current valuation.

Southern Cross Gold Consolidated Ltd. is a well-funded mineral exploration company focused on its 100%-owned Sunday Creek Gold-Antimony Project in Victoria, Australia, a Tier-1 mining jurisdiction. The project is an epizonal gold deposit characterized by a "Golden Ladder" style of mineralization. The company has defined mineralization over a 1.5 km strike length and is aggressively drilling to expand the system and define a resource. A key feature of the deposit is its significant antimony content, a strategic metal with increasing geopolitical importance. The company owns over 1,000 Ha of freehold land covering the project area, and the properties are royalty-free.