Southern Cross Gold Drills 12.2 m @ 32.4 g/t Gold at Golden Dyke
High-Grade Linkage at Sunday Creek Fuels Multi-Billion Dollar Valuation as Southern Cross Connects Gold Zones
On January 6, 2026, Southern Cross Gold Consolidated (SXGC) reported significant diamond drilling results from the Golden Dyke prospect at its 100%-owned Sunday Creek Project in Victoria, Australia. The highlight was hole SDDSC188, which returned 12.2 m @ 32.4 g/t Au (33.3 g/t AuEq), representing the best composite intersection in Golden Dyke to date. This hole intersected eight separate vein sets, including two new vein sets discovered outside the current Exploration Target. Critically, the company stated that this drilling has now linked the Golden Dyke and Rising Sun mineralized bodies, confirming they are part of a single, large-scale system.
- System Continuity: The linkage of Golden Dyke and Rising Sun is a major structural de-risking event. It transforms the project from a series of isolated deposits into a continuous 1.2 km mineralized corridor.
- Grade Consistency: The 12.2 m @ 32.4 g/t Au intercept confirms that Golden Dyke carries the same "ultra-high-grade" tenor previously seen only at Rising Sun, increasing the overall quality of the conceptual resource.
- Resource Expansion: The discovery of two new vein sets (GD82 and GD83) outside the current Exploration Target suggests that the upcoming Mineral Resource Estimate (MRE) may exceed the March 2025 Exploration Target upper bound of 3.2 Moz AuEq.
- Management Compensation: The news also quietly disclosed a significant increase in CEO Michael Hudson’s base salary to AU$620,536. While reflective of the company's growth into a multi-billion dollar entity, it signals increasing G&A overhead.
SXGC is focused on the Sunday Creek Gold-Antimony project in Victoria, Australia. The project is an epizonal gold-antimony discovery, a style similar to the high-grade Fosterville and Costerfield mines. - Flagship Project: Sunday Creek. - Key Attribute: The "Golden Ladder" structure, where high-grade vein sets ("rungs") cross-cut a 12km mineralized trend. - Current Depth: Mineralization confirmed to 1,100m and remains open.