Southern Cross Gold Hits Bonanza Grades: 3.9m at 124.6 g/t Gold at Sunday Creek

Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - June 16, 2025) - Southern Cross Gold Consolidated Ltd (TSXV: SXGC) (ASX: SX2) (OTC Pink: MWSNF) (FSE: MV3) ("SXGC", "SX2" or the "Company") today announced exceptional results from its ongoing systematic infill drilling program at the wholly-owned Sunday Creek gold-antimony project in Victoria, Australia. The latest assays from three diamond drill holes at the Rising Sun and Apollo prospects underscore the project's significant high-grade potential and the effectiveness of the Company's targeted exploration strategy.

The headline result comes from a drill hole intersecting a spectacular 3.9-meter interval grading an impressive 124.6 grams per tonne (g/t) gold. This high-grade intercept included individual assays reaching up to a remarkable 2,110 g/t gold, demonstrating the presence of bonanza-grade mineralization within the deposit. These results are a direct outcome of the systematic infill drilling approach, which is designed to both confirm and extend known high-grade zones while also identifying new mineralization within the project area.

The Sunday Creek project is a significant gold-antimony system located in a historically prolific gold-producing region of Victoria. The project's geological setting is characterized by a series of high-grade, structurally controlled gold-antimony veins. The infill drilling program is crucial for increasing the confidence in the geological model and potentially upgrading resource classifications in future resource estimates.

Beyond the headline intercept, the other two drill holes also returned encouraging results, further validating the continuity of mineralization within the Rising Sun and Apollo prospects. These results contribute valuable data to the understanding of the ore body geometry and grade distribution, which is essential for future mine planning and development studies.

The Company's management expressed strong confidence in the project's potential, highlighting that the systematic infill drilling is not only reproducing previously identified high-grade zones but also successfully discovering additional mineralization. This suggests that the Sunday Creek project may hold further upside beyond the currently defined resource areas.

Market Context and Implications

The announcement of these high-grade drill results is highly positive for Southern Cross Gold and the broader gold exploration sector. Discoveries of bonanza-grade gold intercepts are relatively rare and can significantly impact a company's valuation and future prospects. For SXGC, these results de-risk the project and provide strong evidence of the potential for a high-margin mining operation.

The timing of these results is also noteworthy, occurring within a generally favorable environment for gold prices, driven by macroeconomic uncertainty and inflationary pressures. Strong exploration results like these can attract increased investor interest, potentially leading to higher trading volumes and a positive re-rating of the stock.

Investment Insights

For investors interested in the gold exploration space, these results from Southern Cross Gold warrant close attention. The high-grade nature of the mineralization at Sunday Creek suggests the potential for a low-cost, high-recovery operation, which is a key factor in determining the economic viability of a gold project.

Investors should consider the following:

• Project Potential: The continued success of the infill drilling program indicates the potential for resource expansion and grade improvement.
• De-risking: High-grade intercepts reduce geological risk and provide greater confidence in the project's future development.
• Sector Tailwinds: The current positive sentiment in the gold market provides a favorable backdrop for companies with successful exploration programs.

However, it is important to remember that exploration is inherently risky. While these results are very positive, investors should conduct their own due diligence and consider the overall risk profile of investing in exploration-stage companies. Future steps for Southern Cross Gold will likely include further drilling to expand and define the resource, followed by economic studies to assess the project's viability.

Southern Cross Gold's latest drill results from Sunday Creek represent a significant milestone, reinforcing the project's potential to host a high-grade gold-antimony deposit. The systematic approach to exploration is clearly paying dividends, and the market will be eagerly awaiting further updates from this promising project.