Southern Cross Gold Consolidated's (ASX:SX2) deepest drill hole at its Sunday Creek gold-antimony project in Victoria intersected gold mineralization 460 meters below the Golden Dyke prospect, confirming that the system continues to a "record depth," according to a Thursday filing with the Australian bourse.

The hole extended about 490 meters below the defined exploration target at Golden Dyke, materially growing the potential depth extent of the deposit, while arsenic-to-antimony ratios indicate that the system has an appropriate fluid signature at these levels, per the filing.

"Based on the confidence of this hole, we have committed to drilling a second deep hole targeting close to two kilometers depth," said Southern Cross Gold President and CEO Michael Hudson.