Northwire Canada EditionSunday, November 8, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

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.

Oct 15, 2026 · 06:01

Southern Cross’s antimony processing pledge in Victoria de-risks dual-metal upside despite looming election uncertainty.

Other Oct 07, 2026 · 06:01

Southern Cross confirms grade at Golden Dyke but adds little new scale to the C$3 billion project story.

Drill Results Sep 23, 2026 · 06:01

Southern Cross has cleared a major regulatory hurdle for the underground development of its Sunday Creek project.

Regulatory Sep 02, 2026 · 06:01

Southern Cross reports high-grade gold-antimony intersections at Apollo East, though the results rank as the ninth best across the entire project.

Drill Results Aug 25, 2026 · 06:01

Southern Cross reports a narrow 0.3m interval grading 1,466g/t gold that extends the deposit depth.

Drill Results Aug 04, 2026 · 06:01

Southern Cross expands its Sunday Creek exploration target to 4.6 moz AuEq, adding two prospects and 35 km of core.

Drill Results