Southern Cross Gold Drills 559 Metres @ 2.1 g/t Gold (Uncut) Traversing 16 Vein Sets
Southern Cross Proves Massive Scale With Record 560 Meter Intercept While Antimony Scarcity Intensifies Strategic Value
The news release dated January 28, 2026, reports the most significant drilling result to date at the Sunday Creek project in Victoria, Australia. Hole SDDSC196 intersected a continuous mineralized corridor of 559.6 metres averaging 2.1 g/t Gold (uncut), which translates to 2.5 g/t AuEq when accounting for antimony. Within this massive interval, the company identified 16 separate vein sets, including ultra-high-grade intercepts such as 1.3m @ 670.2 g/t Au and a record-breaking antimony assay of 0.16m @ 65.9% Sb. Currently, the company has 10 rigs operational with results pending for 39 holes.
The impact is Material - Positive for three primary reasons: - Scale Confirmation: The 559-metre intercept fundamentally changes the perception of Sunday Creek. It demonstrates that the "Golden Ladder" structure is not merely a series of isolated high-grade veins but a massive, continuous mineralized system capable of supporting bulk-mining scenarios. - Strategic Commodity Advantage: The record antimony intercept (65.9% Sb) coincides with a tripling of global antimony prices following Chinese export restrictions. This elevates the project from a high-grade gold play to a strategically critical asset for Western defense and technology supply chains. - Execution De-risking: The recruitment of Ian Smith (former Newcrest CEO) to the board and Ryan Austerberry (antimony specialist) as COO, combined with the recent approval of the exploration decline, indicates a rapid transition toward production. The company is no longer just exploring; it is engineering a mine.
Southern Cross Gold Consolidated (SXGC) is focused on the 100%-owned Sunday Creek Gold-Antimony project in Victoria, Australia. - Flagship Project: Sunday Creek is an epizonal gold-antimony deposit. It features a "Golden Ladder" structure where a 12km mineralized trend contains numerous high-grade "rungs" (vein sets). - Geology: Similar to the world-class Fosterville and Costerfield mines. - Status: Transitioning from advanced exploration to development. Exploration decline construction is approved and underway.