Northwire Canada EditionSunday, November 8, 2026
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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 1.6 Metres @ 55.3 g/t Gold and 1.9% Antimony

Southern Cross Gold Drills High-Grade Infill at Sunday Creek as Rig Count Expands

By The Northwire Desk — AI Analysis Apr 22, 2026 · 06:01 SXGC · 10.78 Southern Cross Gold Consolidated Ltd.
Executive Summary
  • Southern Cross Gold announced high-grade gold and antimony results from six drill holes at the Golden Dyke prospect within the Sunday Creek project.
  • Key intercepts include 1.6 m @ 59.8 g/t AuEq (55.3 g/t Au, 1.9% Sb) and intervals exceeding 100 g/t Au with substantial antimony credits up to 12.3% Sb.
  • Drilling has demonstrated expansion of the deposit boundaries and predictability through infill drilling.
  • Operational capacity increased by adding an eleventh drill rig; total program is 200,000 m continuing through Q1 2027.
  • 46 holes are currently pending results from the ongoing campaign.
Material Impact
  • The news confirms existing high-grade mineralization models rather than introducing a new discovery or resource estimate update.
  • Given the significant price appreciation from $4.60 to over $11.00 in the past year, much of this grade potential is already priced into the equity.
  • Insider buying (April 2026) and completed financing (C$143M raised May 2025) have de-risked capital needs, making drilling results incremental rather than existential.
  • The addition of an eleventh rig signals continued commitment to the Q1 2027 resource target but does not alter the fundamental timeline materially.
  • Classification as Routine - Positive reflects that while grades are excellent, they align with historical expectations for Sunday Creek and do not warrant a major re-rating at current valuation levels.
SXGC · Price
Company Overview
  • Southern Cross Gold Consolidated Ltd is a Canadian-Australian mining company focused on the Sunday Creek Gold-Antimony Project in Victoria, Australia.
  • Flagship Project: Sunday Creek features high-grade gold and antimony mineralization with over 12 km strike length and continuity to 1,100 m depth.
  • Antimony is classified as a critical mineral for defense and energy storage, adding strategic value beyond gold alone.
  • Metallurgical testing shows high recoveries (93-98% gold, 83-93% antimony) with low arsenic concentrates suitable for smelters.
  • Project status: Transitioning from exploration to development with underground decline approval received in November 2025.
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