Multiple High-Grade Structures Extend MineralizationAnnounces 60 km Drill Program Over Coming Year VANCOUVER, BC / ACCESSWIRE / May 30, 2024 / Mawson Gold Limited ('Mawson' or the 'Company') (TSXV:MAW)(Frankfurt:MXR)(OTC
VANCOUVER, BC / ACCESSWIRE / May 30, 2024 / Mawson Gold Limited announces Southern Cross Gold Ltd. has released results from two diamond drillholes from the Rising Sun prospect at its 100%-owned Sunday Creek Project in Victoria, Australia . Both holes intersected multiple high-grade structures and were successful in extending mineralization beyond the bounds of the modelled mineralized domains as well as defining continuity in other areas.
"Additionally, planning for a regional scale IP geophysical survey is underway that will test the 10 km long trend along strike from the core drilled area to further demonstrate the district scale potential of Sunday Creek."Two drillholes are reported from the Rising Sun prospect. Both holes intersected high-grade structures, extending mineralization beyond the bounds of the modelled mineralized domains as well as reinforcing continuity in other areas.
Over the next week SXG will commence a NAVI drilling program. NAVI drilling is a specialized drilling application utilizing down hole motors to make alterations to the direction of a diamond core drill hole. Detailed drilling will be undertaken around super high-grade areas with the aim to build further confidence of grade continuity between high-grade intersections by drilling branch holes off an already drilled 'parent hole'.
MAW considers that both gold and antimony that are included in the gold equivalent calculation have reasonable potential to be recovered at Sunday Creek, given current geochemical understanding, historic production statistics and geologically analogous mining operations. Historically, ore from Sunday Creek was treated onsite or shipped to the Costerfield mine, located 54 km to the northwest of the project, for processing during WW1.
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