Northwire Canada EditionWednesday, July 29, 2026
Northwire
NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Drill Results

Southern Cross Gold Expands Apollo to Depth and Along Strike

Southern Cross Gold's Sunday Creek Shines With Deep, High-Grade Intercepts, Expanding System

Executive Summary

On December 17, 2025, Southern Cross Gold announced results from 12 new drillholes at its 100%-owned Sunday Creek Project in Victoria, Australia. The results successfully expanded the Apollo prospect at depth and along strike.

Key highlights include: - SDDSC192: The deepest east-west hole at Apollo, which intersected 3.6 metres (m) at 14.6 grams per tonne (g/t) gold (Au), including a bonanza-grade interval of 0.21 m at 236 g/t Au. This confirms the system is robust and open at depth. - New Discovery: Hole SDDSC174B intersected a new mineralized zone between the Gladys and Golden Orb Faults, returning 0.3 m at 34.6 g/t Au. This opens up a new, 70-metre-wide untested area. - Strike Extension: Hole SDDSC181 hit a wide zone of 15.7 m at 1.7 g/t Au, extending the Apollo East prospect by approximately 150 m along strike. - High-Grade Antimony: The release also highlighted exceptional antimony (Sb) grades, including individual samples of 25.1% and 17.4% Sb, reinforcing the project's strategic value. - Operational Update: The company is operating nine drill rigs and has assay results pending for 42 holes, ensuring a continuous flow of news.

Material Impact

The latest drill results are materially positive and continue a year-long trend of exceptional exploration success that has systematically expanded and de-risked the Sunday Creek project. While the market has come to expect high-grade intercepts from this project, this news effectively delivers on those expectations and provides incremental positive developments.

The progression of news throughout 2025 paints a clear picture of a company executing flawlessly on its strategy. After consolidating ownership and listing on the ASX in January, the company secured a transformative C$143 million financing at C$4.50 per share in May. This capital injection fully funded an aggressive 200,000-metre drill program and key development studies.

Since then, each batch of drill results has built upon the last, consistently expanding the four main prospects (Christina, Golden Dyke, Rising Sun, and Apollo) and discovering new vein sets. - October 1 & 23: Results reinforced continuity and expansion at Rising Sun and Golden Dyke. - November 18: Delivered the two highest-grade gold intercepts ever at Golden Dyke. - November 27: The company achieved a major de-risking milestone by receiving the Work Plan approval for an exploration tunnel, signaling a clear transition from pure exploration towards development. This was immediately followed by the strategic appointment of a new COO with direct operational experience at the analogous Costerfield mine.

The December 17 news fits perfectly into this established narrative. The results from SDDSC192 are particularly significant, as they confirm high-grade mineralization in the deepest hole drilled east-west into Apollo, validating the thesis that the system remains open at depth. The discovery of a new mineralized zone, although narrow, is an operational bonus that highlights further exploration potential. The 150-metre strike extension at Apollo East with a wide 15.7-metre intercept demonstrates the growing scale of the system.

From a critical perspective, these results are not a singular game-changer but rather another crucial data set that reinforces Sunday Creek's world-class potential. The company is methodically using its substantial treasury to build ounces and increase confidence in the geological model, which is precisely what investors should want to see. The steady pipeline of 42 pending holes suggests this positive news flow will continue.

SXGC · Price
Company Overview

Southern Cross Gold is a mineral exploration company, dual-listed on the TSX and ASX, focused on its 100% owned Sunday Creek Gold-Antimony Project in Victoria, Australia, a tier-one mining jurisdiction. The project is an epizonal, high-grade deposit characterized by a "Golden Ladder" structural model. The company has consolidated a large land package, including over 1,000 hectares of strategic freehold land, and has demonstrated mineralization over a 1.5 km strike length that remains open. The project is notable for its high-grade gold and a significant concentration of antimony, a critical mineral with strategic importance. The properties are royalty-free.

Read the original news release →

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