Southern Cross Gold Drills Record High-Grade in Shallow Apollo: 17.3 Metres at 15.3 g/t Gold & 3.2% Antimony
Southern Cross Gold hits record shallow high-grade as Sunday Creek transitions from discovery to development scale
The most recent news (March 16, 2026) reports record-breaking shallow high-grade drilling results from the Apollo prospect at the Sunday Creek Project. Hole SDDSC200 returned 17.3 m @ 22.9 g/t AuEq (15.3 g/t Au, 3.2% Sb) from 251.1 m. This represents the highest-grade composite intersection recorded within the top 220 vertical metres of the Apollo system to date. Additionally, the company identified a previously unrecognized vein set and confirmed high-grade cores within the A30 vein set. This follows a string of positive results in early 2026, including a 200m westward extension of the Golden Dyke prospect (Feb 18) and a massive 559m mineralized corridor averaging 2.1 g/t Au (Jan 28).
The recent news is Material - Positive for several reasons: - Grade and Depth: Achieving record grades at shallow depths (within 220m of surface) significantly improves the potential economics for early-stage mining and reduces the strip ratio or initial decline length required to access high-value ore. - System Growth: The identification of new vein sets in SDDSC200 and the 200m extension at Golden Dyke (Feb 18) demonstrate that the deposit is still growing laterally and vertically, likely exceeding the current Exploration Target of 2.2–3.2 Moz AuEq. - Strategic Commodity: The consistently high antimony grades (up to 3.2% in the latest release and record 65.9% Sb in January) position the company as a critical Western supplier of a metal currently under Chinese export restrictions. - De-risking: The graduation to the TSX Main Board (Feb 27) and the appointment of Ian Smith (former Newcrest CEO) to the board (Jan 26) provide the institutional "heft" and operational expertise required to move from exploration to production.
Southern Cross Gold (SXGC) is focused on the 100%-owned Sunday Creek Gold-Antimony project in Victoria, Australia, located 60km north of Melbourne. The project is an epizonal system characterized by "Golden Ladder" structures (high-grade rungs within a host dyke). It is currently one of the highest-grade gold-antimony discoveries globally, with over 79 intercepts exceeding 100g/t Au. The project benefits from being in a premier jurisdiction with a clear pathway to permitting (4 mines permitted in Victoria in the last 6 months).