Supply Crunch Looms as Southern Cross Gold Expands Strategic Antimony Resource
Southern Cross Gold Consolidated has reported significant high-grade drill results from its Sunday Creek Gold-Antimony Project, including a new mineralized zone and confirmation of robust mineralization at depth. These findings reinforce the project’s strategic value amid tightening global antimony supply.
- Deepest east-west drill hole intersects 3.6m at 14.7 g/t AuEq including 0.21m at 236 g/t Au
- Discovery of new mineralized zone between Gladys and Golden Orb Faults with 0.3m at 45.9 g/t AuEq
- Multiple drill holes confirm exceptional continuity of high-grade gold-antimony veins
- Strong antimony grades up to 25.1% alongside gold enhance project’s strategic importance
- Ongoing 200,000m drill program through 2027 aims to expand resource and define economics
Deepening the Apollo Prospect
Southern Cross Gold Consolidated (SXGC) has unveiled compelling new drill results from its Sunday Creek Gold-Antimony Project in Victoria, Australia. The highlight is drill hole SDDSC192, the deepest east-west oriented hole to date at the Apollo prospect, which intersected 3.6 meters grading 14.7 grams per tonne gold equivalent (AuEq), including an extraordinary 0.21 meters at 236 g/t gold. This confirms the mineral system remains robust and open at depth, extending the known high-grade mineralization well beyond previous limits.
A New Zone Emerges
Adding to the excitement, the company discovered a previously unrecognized mineralized zone between the Gladys and Golden Orb Faults. This zone returned 0.3 meters at 45.9 g/t AuEq, opening approximately 70 meters of untested exploration potential to the south. Such a find not only expands the project’s footprint but also suggests further upside in a structurally complex and mineralogically rich environment.
Continuity and Grade Confirmed
Multiple drill holes, including SDDSC174BW1 and SDDSC174BW2, intersected numerous vein sets with exceptional continuity and high-grade gold-antimony mineralization. Notably, antimony grades reached up to 25.1%, underscoring Sunday Creek’s significance as a critical antimony project. The presence of antimony alongside gold enhances the project’s economic profile, especially given antimony’s strategic importance in defense and semiconductor industries.
Strategic Importance Amid Global Supply Constraints
Southern Cross Gold’s timing is fortuitous. With China announcing export restrictions on antimony starting September 2024, global supply chains face tightening. Sunday Creek’s large, high-quality antimony-gold resource positions SXGC as a potential key western supplier, a role further bolstered by its inclusion in the US Defense Industrial Base Consortium and AUKUS-related initiatives. This strategic dimension adds a layer of geopolitical relevance to the project’s development.
Looking Ahead, Expanding the Resource
The company is currently executing an ambitious 200,000-meter drilling program scheduled through 2027, aiming to delineate and expand the resource further. Metallurgical testing has demonstrated high recoveries of both gold and antimony using conventional processing methods, supporting the project’s economic potential. As drilling continues, investors will be watching closely for resource updates and feasibility studies that could unlock significant value.
Bottom Line?
Southern Cross Gold’s latest drill results deepen confidence in Sunday Creek’s potential as a strategic gold-antimony asset amid shifting global supply dynamics.
Questions in the middle?
- How will ongoing drilling refine the resource estimate and impact project economics?
- What are the implications of metallurgical test results for processing costs and recoveries?
- How might global antimony market shifts influence Southern Cross Gold’s strategic positioning?