Southern Cross Gold Hits 26.2 g/t Gold in First Deep Drilling Beneath Historic Redcastle Goldfield

Southern Cross Gold Consolidated Ltd. (SXGC) has released results from the first two deep drill holes at its Redcastle Project in Victoria, Australia, which are targeting mineralization beneath historic workings.

Hole SDDRE016, located at the Laura prospect, intersected multiple narrow, high-grade gold-antimony veins over a vertical interval exceeding 250 meters. Key downhole intervals, reported as non-composited lengths, include:

• 0.14 m @ 26.2 g/t Au (from 112.98 m)
• 0.22 m @ 15.4 g/t Au (from 321.84 m)
• 0.10 m @ 5.0 g/t Au & 0.33% Sb (from 294.11 m)
• 0.21 m @ 4.8 g/t Au (from 329.57 m)

The company also noted four narrower, lower-grade hits within this hole.

In contrast, Hole SDDRE017 at the Beautiful Venus prospect returned only 0.29 m @ 0.91 g/t Au and trace antimony, described as essentially a barren structural hole.

The release highlighted the presence of visible gold and Costerfield-style vein architecture, marking the start of a sustained regional campaign with 11 rigs running and 71 holes pending.

Southern Cross Gold Consolidated Ltd. (SXGC) is capitalized at approximately C$2.4 billion, a valuation driven entirely by the Sunday Creek discovery. The discovery has produced wide, high-grade intercepts, including 36.6 meters at 6.5 grams per tonne gold equivalent (AuEq) and 12.2 meters at 32.4 grams per tonne gold. The site hosts multi-million-ounce exploration targets.

Redcastle is an early-stage satellite project. A single drill hole intersecting sub-10 cm true-width veins does not alter the resource base, development timeline, or value.

The stock has experienced a multi-month downtrend from approximately $11.74 in early March to $8.80. The Redcastle news follows a series of strong Sunday Creek results that have already been absorbed by the market. This release represents incremental regional exploration.

Southern Cross Gold Consolidated Ltd. holds the 100%-owned Sunday Creek gold-antimony project in Victoria, Australia, an epizonal vein system featuring multi-million-ounce exploration targets and bonanza-grade intercepts. The company also owns Redcastle, a separate early-stage property located 64 km from Sunday Creek that has seen historic shallow mining but had essentially no deep drilling prior to this campaign.

The company maintains a strong cash position of approximately $123 million with no debt, and has a fully funded 200 km drill program scheduled through Q1 2027. Institutional pedigree includes cornerstone shareholder Pierre Lassonde and index inclusions in the GDXJ and S&P/TSX Composite.