Southern Cross Gold Advances Sunday Creek Project with High-Grade Antimony and Gold Discoveries
Southern Cross Gold Consolidated Ltd. is progressing its Sunday Creek project in Victoria, Australia, featuring new high-grade findings of up to 47% antimony and significant gold grades. The project is positioned to benefit from Australia's Critical Minerals Strategic Reserve initiative, aimed at reducing reliance on dominant producers in China and Russia.
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Southern Cross Gold Consolidated Ltd. (WKN: A40QY8) is advancing its Sunday Creek project in Victoria, Australia, focusing on high-grade antimony and gold. Recent drill results include 36.6 m with 4.0 g/t gold and 1.0% antimony, and new drilling at 'Golden Dyke' revealed 7.9 m at 19.9 g/t AuEq with 7.1% antimony.
The company plans to expand its exploration with a new underground decline, enhancing drilling capabilities and aiming for completion by year-end 2026. The strategic importance of the project is underscored by Australia's commitment to critical minerals, particularly antimony, as the market seeks alternatives to heavy reliance on China and Russia. However, risks include exploration and funding uncertainties, as Southern Cross remains in the exploration phase without current production revenues.
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