Northwire Canada EditionThursday, July 16, 2026
Sign inSubscribe
Northwire
⌕
CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6% CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6%
Drill Results Material +

Southern Cross Gold Drills Deepest Hole on Project, Gold Hit 460 Metres Below Golden Dyke

“Deepest drill hole proves Sunday Creek’s vertical potential – a catalyst for higher valuations”

By The Northwire Desk — AI Analysis Apr 09, 2026 · 06:01 SXGC · 9.55 Southern Cross Gold Consolidated Ltd.
Executive Summary
  • On 9 April 2026 Southern Cross Gold announced hole SDDSC194W1 at the Sunday Creek project, the deepest ever drilled (collar at 1,438.86 m, intersecting mineralisation 460 m below previous high‑grade zone).
  • Key intercepts:
  • 0.87 m @ 5.4 g/t AuEq (high‑grade core)
  • 6.60 m @ 1.0 g/t AuEq (true width ≈2.8 m)
  • 17.02 m @ 0.2 g/t AuEq (true width ≈7 m)
  • The hole confirms the gold‑antimony system persists to record depth and expands the vertical envelope, supporting a planned second deep hole (~2 km) and a 200,000 m drill program through Q1 2027.
Material Impact
Aspect Assessment
Depth extension Material – Positive. Extending proven mineralisation 460 m deeper dramatically enlarges the resource envelope and de‑risks depth‑related uncertainties.
Grade continuity Material – Positive. The presence of a high‑grade core (0.9 g/t @ 5.4 g/t AuEq) at depth validates the model that the host sequence remains metalliferous.
Project economics Material – Positive. Deeper, higher‑grade material improves projected in‑situ AuEq and antimony contributions, strengthening the case for a bulk‑mining or selective high‑grade strategy.
Market perception Routine – Positive. The result is consistent with the company’s stated drill programme but exceeds expectations by confirming depth to ~2 km, which investors had only modelled.
Overall rating Material – Positive (the news adds substantive upside beyond prior guidance).
SXGC · Price
Company Overview
  • Company: Southern Cross Gold Consolidated Ltd., listed on TSX (SXGC), ASX (SX2) and OTCQX (SXGCF).
  • Flagship asset: Sunday Creek Gold‑Antimony Project (Victoria, Australia). 100 % owned, underground development stage, with an Exploration Target of 2.2–3.2 Moz @ 8.3–10.6 g/t AuEq.
  • Strategic importance: High‑grade gold combined with critical antimony (key for defence and clean‑energy supply chains).
Read the original news release →

More from Southern Cross Gold Consolidated Ltd.

Jul 15, 2026 · 06:01

Southern Cross reports high-grade intercepts from sub-centimetre true widths in the first Redcastle deep hole, marking an early-stage exploration result.

Drill Results Jul 06, 2026 · 06:02

Southern Cross reports high-grade antimony in a Golden Dyke step-out, marking incremental growth within its established mineral system.

Drill Results Jun 29, 2026 · 06:01

Southern Cross Gold Announces First Cut Fired at Sunday Creek Exploration Decline Portal

Drill Results Jun 18, 2026 · 08:47

Southern Cross is advancing its New Zealand gold project with continuous drilling operations targeting critical minerals and high-grade intercepts.

Drill Results Jun 10, 2026 · 06:01

Southern Cross Gold Drills 36.6 m @ 4.0 g/t Au and 1.0% Sb

Drill Results Jun 08, 2026 · 09:15

REPEAT - Gold and Antimony in One Permit: Rua Gold's Positive PEA Lands in a Fast-Track Jurisdiction

Technical Study