Northwire Canada EditionWednesday, September 2, 2026
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GOLD 4396.40 −1.9% SILVER 65.37 −2.4% COPPER 6.53 −2.3% OIL 90.22 +5.2% PALLADIUM 1320.00 −4.2% LSTR 0.065 −7.1% ERO 48.38 −6.2% AAN 0.530 +1.9% EDDY 0.080 +0.0% TNGD 7.50 −1.1% WPM 201.40 −3.6% CAN 0.075 +0.0% CCM 0.630 +1.6% PGX 0.030 +0.0% ALGR 0.600 −4.8% SGN 0.355 +0.0% BTO 7.22 −5.0% LA 12.86 −3.3% LMG 0.470 +0.0% APN 0.015 +0.0% CYG 0.175 +2.9% GOLD 4396.40 −1.9% SILVER 65.37 −2.4% COPPER 6.53 −2.3% OIL 90.22 +5.2% PALLADIUM 1320.00 −4.2% LSTR 0.065 −7.1% ERO 48.38 −6.2% AAN 0.530 +1.9% EDDY 0.080 +0.0% TNGD 7.50 −1.1% WPM 201.40 −3.6% CAN 0.075 +0.0% CCM 0.630 +1.6% PGX 0.030 +0.0% ALGR 0.600 −4.8% SGN 0.355 +0.0% BTO 7.22 −5.0% LA 12.86 −3.3% LMG 0.470 +0.0% APN 0.015 +0.0% CYG 0.175 +2.9%
Drill Results Routine +

Southern Cross Gold Extends into Rising Sun Deep Drills 0.3 Metres @ 1,466 g/t Gold

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

By The Northwire Desk — AI Analysis Aug 25, 2026 · 06:01 SXGC · 12.19 Southern Cross Gold Consolidated Ltd.
Executive Summary

Southern Cross Gold Consolidated Ltd. (SXGC) announced results from five drill holes at Sunday Creek, targeting the Rising Sun deposit at depth with the deepest west-to-east holes. The program included four deep holes and one wedge hole, designated SDDSC230W1. The headline intercept reported is 0.3 m @ 1,466 g/t Au.

The release frames this as an extension into the Rising Sun deep zone, though only one interval is actually disclosed. No antimony grade, AuEq grade, from/to depths, true width, cutoff, or other hole results are disclosed in the provided excerpt.

Material Impact

Southern Cross Gold Consolidated Ltd. (SXGC) released non-earnings drill results, with financial context drawn from the prior period showing pre-revenue status, C$123.2m in cash as of Feb 28 2026, no debt, and a net loss of C$2.2m for the nine months. At a market capitalization of roughly C$3.3bn, the stock already embeds substantial exploration success and a 3.0-4.6 moz AuEq exploration target.

The company reported a high-grade but narrow 0.3 m interval. This result does not materially change the deposit thesis, add measurable tonnes, or prove continuity. The share price is currently within about 1.5% of its 52-week high.

SXGC · Price
Company Overview

Southern Cross Gold Consolidated Ltd. (SXGC) is a pre-production gold-antimony explorer that holds 100% ownership of the Sunday Creek project, located 60 km north of Melbourne, Victoria. The company currently holds 1,392 hectares of freehold land and has an exploration decline under construction. It plans to scale its operations from 11 surface rigs to 24 surface and underground rigs.

No formal Mineral Resource or Reserve has been declared for the project. However, the company has outlined an Exploration Target of 10.4-11.9 million tonnes at 8.9-12.1 g/t AuEq, containing 3.0-4.6 million ounces of AuEq.

As of February 28, 2026, the company reported cash reserves of C$123.2 million with no debt. A drilling program of 200,000 meters is planned through the first quarter of 2027.

Read the original news release →

More from Southern Cross Gold Consolidated Ltd.

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 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 Jul 28, 2026 · 06:01

Southern Cross links Christina to Golden Dyke over 481 m at 0.92 g/t AuEq.

Drill Results 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