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Mawson Gold Limited (MWSNF) is a distinguished Nordic exploration company with a successful record in discovering, financing, and advancing mineral projects. The company holds the Skellefteå North gold discovery and a portfolio of historic uranium resources in Sweden. Mawson also holds a significant stake in Southern Cross Gold Ltd. (SXG), which owns high-grade epizonal goldfields in Victoria, Australia, including the Sunday Creek Au-Sb discovery.
SXG's Sunday Creek Project in Victoria continues to produce impressive results, with recent drilling at the Rising Sun prospect uncovering new high-grade vein sets at depth. Drill hole SDDSC118, the deepest on the project, extended mineralization 80 m down dip and intersected multiple high-grade structures, including three new vein sets. Notably, SDDSC118 recorded three >100 g/t AuEq x m intersections and two top 10 results for Sunday Creek, reaffirming the high-grade mineralization and continuity on the project.
Mawson Gold announces that Southern Cross Gold (SXG) has made a significant discovery at the Sunday Creek Gold-Antimony Project in Victoria, expanding mineralization 140 m below previous drilling at the historic Golden Dyke mine. Key highlights include:
1. High-grade results from two diamond drill holes (SDDSC132 and SDDSC138), including 3.3 m @ 34.1 g/t AuEq and 12.9 m @ 7.4 g/t AuEq.
2. Golden Dyke has become the third high-grade gold-antimony prospect at Sunday Creek, joining Rising Sun and Apollo.
3. Ongoing exploration with 60 km of diamond drilling planned over the next year, and five rigs currently operating.
4. Mawson owns 48.7% of SXG, valuing its stake at A$317.8 million (C$293.3 million) based on SXG's closing price on October 15, 2024.
Mawson Gold announces that Southern Cross Gold has initiated a large-scale induced polarization (IP) geophysical survey at the Sunday Creek Gold-Antimony Project in Victoria. The survey covers 12 km² and 6 km strike of the mineralized trend, including historical mining areas like Tonstal, Leviathan, Consols, and Aftermath.
IP geophysics is important for mapping gold-antimony mineralization due to the pyrite halo around vein sets. Previous regional drilling confirmed the presence of high-grade gold-bearing veins up to 8 km along strike from the main drill area. Currently, five drill rigs are operating on-site, with 22 diamond drill holes being processed and 5 holes in progress.
The survey aims to define regional drill targets for a sixth rig, expected to be mobilized in November. Mawson owns 48.7% of Southern Cross Gold, valuing its stake at A$298.5 million.
Mawson Gold announces that Southern Cross Gold (SXG) intends to acquire two residential holdings for AUD$1.9m and 100% of Sparr Nominees Pty . Sparr holds substantial agricultural properties near the Sunday Creek Project and approximately AUD$18.75m in cash. The Sparr acquisition involves a share swap of 22,088,670 SXG ordinary shares. These acquisitions are subject to Foreign Investment Review Board (FIRB) approval, expected to complete around mid-November 2024. Post-acquisition, Mawson's ownership in SXG is expected to decrease from 48.67% to approximately 43.80%. The agreements are important for securing future pathways for the Sunday Creek Project, which is developing into a significant global gold-antimony discovery.
Mawson Gold (TSXV: MAW, Frankfurt: MXR, PINKSHEETS: MWSNF) announced Southern Cross Gold (SXG) released results from three diamond drill holes at the Apollo prospect, part of the Sunday Creek Gold-Antimony Project in Victoria, Australia. The holes intersected high-grade mineralisation, confirming targets identified by VRIFY's AI-powered platform. Highlights include:
- SDDSC128: 21.9 m @ 4.0 g/t AuEq, 7.8 m @ 7.5 g/t AuEq.
- SDDSC124: 6.3 m @ 6.6 g/t AuEq, 0.7 m @ 19.3 g/t AuEq.
- SDDSC127: 3.5 m @ 6.2 g/t AuEq.
These results extend mineralisation zones significantly, with SDDSC124 being the deepest hole drilled east-west at Apollo, expanding vein domains by 95 to 105 m down-dip. SXG's exploration team and VRIFY AI identified Apollo East as a new high-grade zone, prioritizing further drilling. Mawson owns 48.7% of SXG, valuing its stake at A$299.4 million. The project continues to show promising growth, with additional drilling underway.
Mawson Gold (TSXV:MAW, OTC PINK:MWSNF) has announced the signing of an arrangement agreement with SUA Holdings to spin out its uranium assets in Sweden. The arrangement involves distributing SUA common shares to Mawson shareholders on a pro rata basis. Mawson has also subscribed for additional SUA shares worth $600,000 to provide working capital. The arrangement requires 66 2/3% approval from shareholders at the meeting on November 7, 2024.
Additionally, Mawson plans to acquire all remaining shares of Southern Cross Gold (SXG), consolidate its own shares, and dual list on the Australian Securities Exchange. The company will also change its name to Southern Cross Gold Consolidated and trade under the new ticker symbol 'SXGC' on the TSXV.
Mawson Gold announces a significant new gold-antimony discovery by Southern Cross Gold at the Sunday Creek Project in Victoria, Australia. The discovery, made 100-150m below the Golden Dyke historic mine, revealed seven high-grade vein sets over a 230m downhole interval, including assays up to 124g/t gold and 31.5% antimony. Key intercepts include:
- 11.9m @ 5.3 g/t AuEq
- 12.6m @ 8.0 g/t AuEq
- 8.7m @ 4.6 g/t AuEq
SDDSC130, the first of several planned drill holes, remains open in multiple directions. Mawson owns 48.7% of SXG, valuing its stake at A$252.1 million. The discovery expands the mineralized system at Sunday Creek, with more drilling planned. The high antimony content is significant given China's recent export restrictions on the metal, potentially benefiting SXG's market position.
Mawson Gold announces significant results from two diamond drill holes at Southern Cross Gold's Sunday Creek Project in Victoria, Australia. The holes, SDDSC125 and SDDSC126, extend the exploration target area by 190 m and 470 m respectively below the historic Golden Dyke mine. Notable intersections include:
- SDDSC126: 0.6 m @ 14.6 g/t Au, 0.2 m @ 29.0 g/t Au, and 0.4 m @ 44.4 g/t Au
- SDDSC125: 1.0 m @ 2.4 g/t AuEq (1.4 g/t Au, 0.5% Sb)
These results demonstrate the continuity of high-grade gold and antimony mineralization at depth. The next phase involves drilling east-west holes to better test mineralization below Golden Dyke. Mawson owns 48.9% of Southern Cross Gold, valued at C$251.9 million based on SXG's closing price on August 26, 2024.
Mawson Gold (TSXV:MAW) announces high-grade gold-antimony results from two diamond drill holes at the Rising Sun prospect of Southern Cross Gold's Sunday Creek Project in Victoria, Australia. Key highlights include:
- SDDSC122W1: 7.0 m @ 20.0 g/t AuEq (16.7 g/t Au, 1.7% Sb) from 627.0 m
- SDDSC122: 0.1 m @ 356.4 g/t AuEq (356.0 g/t Au, 0.2% Sb) from 645.4 m
These results extend high-grade mineralization 150 m down-dip at Rising Sun West. The project now has 44 drill holes with >100 g/t AuEq * m intercepts. Mawson owns 48.9% of Southern Cross Gold, valued at C$215.71 million. The company highlights the significance of antimony mineralization in light of China's new export limits on antimony products.
Mawson Gold announces significant drilling results from its Sunday Creek Gold-Antimony Project in Victoria, Australia. Key highlights include:
1. Drill hole SDDSC121W1 intersected high-grade gold and antimony, including 0.4 m @ 291.3 g/t Au and 10.6% Sb.
2. SDDSC120 discovered a new mineralized zone 450 m below previous drilling at Golden Dyke.
3. The project now has five drill rigs operating, with plans to drill 60 km over the next year.
4. Mawson owns 49.3% of Southern Cross Gold, valued at C$193.7 million based on SXG's closing price on July 19, 2024.
These results demonstrate the project's potential for expansion and the robustness of the geological model.
Mawson Gold (OTC PINK:MWSNF) reports significant drilling results from its Southern Cross Gold (SXG) at the Apollo prospect in Australia. Drill hole SDDSC119 extended mineralization by 200 meters and infilled a 260-meter gap, showing high-grade gold and antimony intersections. Key intercepts include 1.4 meters at 20.0 g/t AuEq and 11.5 meters at 6.0 g/t AuEq. Another hole, SDDSC119W1, confirmed mineralization continuity over a 0.6 meter distance. Mawson's stake in SXG is valued at A$232.8 million. Nine more drill holes are being analyzed, with four in progress. These results show potential for project expansion and grade continuity at various scales, bolstered by ongoing drilling efforts.
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