Southern Cross drills its best hole to date in SDDSC082, a ‘spectacularly long and high-grade intersection of gold-antimony mineralisation’ Shares are up 64% since the start of September as the company continues its mission to tap into the underexplored potential of Victoria’s Goldfields

Southern Cross Gold has drilled a new record intersection of gold and antimony mineralisation at its 100%-owned Sunday Creek project in Victoria.

The historical Sunday Creek gold field, just 60km outside Melbourne, continues to show all the hallmarks of a large epizonal discovery that, with persistence, might someday rank alongside Costerfield and Fosterville.

Since the middle of last year Mike Hudson has steered the ship at Southern Cross Gold, hoping to make a discovery in the style of the legendary Fosterville gold mine across 20,000 hectares of exploration ground known as the Sunday Creek project.

At $0.80 and an enterprise value of just under $140 million, I still think this project is good for 1Moz of gold (equivalent). Good to see interest back in Victorian gold plays.

Southern Cross Gold (ASX:SXG) came to market in 2022 chasing riches in the historic mining state, where new discoveries and mines have run dry in recent years.