Southern Cross Gold Consolidated (ASX:SX2) said drilling at the Rising Sun prospect at the Sunday Creek gold-antimony project in Victoria confirmed the scale and continuity of the mineralization, according to a Wednesday Australian bourse filing.
One of the four drill holes intersected 16 vein sets across an over 500-meter mineralized corridor from 376 meters to 936 meters downhole which averaged 559 meters at 2.5 grams per tonne (g/t) grade of gold-equivalent, including 2.1 g/t grade of gold and 0.2% grade of antimony uncut.
The hole returned six intervals greater than 20 g/t grade of gold-equivalent, including three individual assays exceeding 100 g/t grade of gold and the highest individual antimony assay to date at 0.1 meter at about 66% grade of antimony as well as 78.5 g/t grade of gold from 445.9 meters.
The company's shares fell past 2% in recent trading on Wednesday.