Sunday Creek Mineralised Footprint Extended To 8 km and Remains Open High Grades Include 0.5 m @ 15.7 g/t, 0.3 m @ 19.4 g/t Gold Mineralization Style Same as Main Zone

Rhea-AI Summary

Mawson Gold announces extended mineralized footprint at Sunday Creek Project, representing an 8-fold increase.

Positive

• The drilled footprint at Sunday Creek now extends for 8 km, demonstrating district scale opportunities for the project.
• High-grade gold with a broad mineralized halo discovered in first drill holes outside the main drill area.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / October 12, 2023 / Mawson Gold Limited ("Mawson" or the "Company") (TSX:MAW)(Frankfurt:MXR)(PINKSHEETS:MWSNF) announces results from 12 diamond drill holes for 2,367 m from regional drilling located between 4 km and 8 km along the same mineralized structure as the main drill area at the 100%-owned Sunday Creek Project in Victoria (Figure 1). The drilled mineralized footprint at Sunday Creek has now been extended for more than 8 km in east-west strike representing an 8-fold increase.

Sunday Creek is 100% owned by Southern Cross Gold ("SXG"), which is an ASX listed company owned 51% by Mawson. Four rigs continue to drill in the main drill area where 21 holes (SDDSC079-99) are currently being geologically processed and chemically analyzed, with four holes (SDDSC092, 97A, 100, 101) in drill progress (Figure 5).

Highlights:

• The drilled footprint at Sunday Creek now extends for 8 km and remains open, representing an 8-fold increase in the previously drilled host to gold mineralization, demonstrating the district scale opportunities that exist for the project.
• High grade gold, with anomalous and broad (150 m) mineralized halo discovered in first drill holes ever drilled outside main drill area.
• Highlights include:
  • SDDLV003:
    • 0.5 m @ 15.7 g/t Au from 87.0 m (including visible gold)
  • SDDLV004:
    • 0.3 m @ 5.6 g/t Au from 73.4 m and
    • 0.3 m @ 19.4 g/t Au from 100.7 m
• Mineralization is the same style as the Sunday Creek main zone.
• Mawson owns 93,750,000 shares of SXG (51%), valuing its stake at A$74.1 million (C$64.6 million) based on SXG's closing price on October 11, 2023 AEST.

Noora Ahola, Mawson Interim CEO, states: "Today's results from SXG's 100% owned Sunday Creek project confirms the proof of concept that the property is host to an extensive mineralized trend with significant upside beyond the excellent results the company has been producing at its main drill area 8 km to the southwest.

"The results released today are commensurate with the very early drilling undertaken in what is now the core drill area at Sunday Creek and adds another layer of confidence, in our opinion, that the project is one of the best new discoveries in the market today.

"SXG's focus returns to the main drill area where they have a further 22,000 m of drilling to go in their fully funded and permitted drill campaign to April 2024. We look forward to further exceptional results from Sunday Creek."

Results Discussion

A total of 12 holes for 2,367 m were completed at the Leviathan, Consols and Tonstal historic mining areas, located 5.0 km, 6.9 km and 7.9 km along strike respectively from the most westerly end of main project area (Figure 2). All holes hit anomalous gold, except SDDTS002 which hit an underground historic stopped out area. These prospects are all contained within EL6163 that is 100% owned by SXG.

Mineralization is the style same as Sunday Creek main zone with disseminated arsenopyrite and pyrite mineralization in NW-oriented veins that cut across a steeply dipping zone of intensely bleached, sericite-albitic siltstones, and sericite-carbonate-albite altered dyke rocks (the "host"). When looked at from above, in plan view, the host resembles the side rails of a ladder, where the mineralized veins are the rungs. The host was intersected across the three drill areas that range from 50 m - 75 m wide. No significant antimony was intersected, and arsenic appears more common than in the main zone, perhaps suggesting drilling has tested a deeper level of the epizonal system in regional drilling.

Leviathan

Four holes for 567.8 m were drilled at Leviathan (Figure 3). Two intersected high-grade gold with visible gold noted in SDDLV003. Highlights included:

• SDDLV001: 20.0 m @ 0.2 g/t Au from 43.0 m
• SDDLV002: 0.9 m @ 0.9 g/t Au from 47.7 m
• SDDLV002: 4.8 m @ 0.4 g/t Au from 66.0 m
• SDDLV003: 1.4 m @ 1.3 g/t Au from 71.4 m,
  • including 0.8 m @ 1.9 g/t Au from 71.4 m
• SDDLV003: 7.0 m @ 1.6 g/t Au from 85.0 m
  • including 0.5 m @ 15.7 g/t Au from 87.0 m
• SDDLV004: 0.3 m @ 5.6 g/t Au from 73.4 m and 0.3 m @ 19.4 g/t Au from 100.7 m

Tonstal

Seven holes for 1,598.6 m were drilled at Tonstal (Figure 4). Drill hole SDDTS002 missed the mineralized host as it intersected an old stope with wooden support mined during from the early 1900's, located 90 m vertically below surface in drillhole SDDTS002 (from 103.0 m to 107.6 m). This suggests further high grades at depth remain to be found.

• SDDTS001: 2.8 m @ 0.6 g/t Au from 99.4 m
  • including 0.8 m @ 1.2 g/t Au from 99.4 m
• SDDTS003: 4.8 m @ 0.2 g/t Au from 99.9 m
• SDDTS004A: 5.1 m @ 0.2 g/t Au from 133.6 m
• SDDTS005A: 0.4 m @ 1.0 g/t Au from 170.0 m
• SDDTS006: 1.0 m @ 0.6 g/t Au from 255.3 m
• SDDTS006: 13.5 m @ 0.2 g/t Au from 277.5 m
  • including 0.7 m @ 1.2 g/t Au from 277.9 m

Consols

One hole for 200.5 m was drilled at Consols. The mineralized structure appears to dip to the south and therefore was not intersected in the drillhole. Float with visible gold was found around the old mine shafts at Consols while drilling was ongoing (Photo 1). Upcoming field mapping will provide further understanding.

Pending Results and Update

With four diamond drill rigs operating at site, the company has stated that it will drill an additional 22,000 m by April 2024, with 23,034 m drilled so far in 2023.

Demonstrating Volume: Twenty-one holes (SDDSC79--99) are currently being geologically processed and chemically analysed, with four holes (SDDSC092, 97A, 100, 101) in drill progress (Figure 5).

Demonstrating Scale: Twelve holes (SDDTS001-7, SDDCN001 and SDDLV001-4) for 2,383 m (including two redrilled collars) are reported here from the Leviathan - Consols - Tonstal regional area between 4 km to 8 km along strike from the main drill area (Figures 2-4).

Demonstrating Grade: Preliminary visual geological logs of SDDSC082, SDDSC091, SDDSC092 and SDDSC094A at Rising Sun and hole SDDSC097A from Apollo have intersected multiple zones of mineralization with visible gold noted in certain restricted zones. Assays are pending (Figure 5).

Further discussion and analysis of the Sunday Creek project by Southern Cross Gold is available on the SXG website at www.southerncrossgold.com.au.

Figures 1-5 show project location, plan, longitudinal and cross-sectional views of drill results reported here and Tables 1-4 provide collar and assay data. The true thickness of the mineralized intervals reported are interpreted to be approximately 60-70% of the sampled thickness. Lower grades were cut at 0.3 g/t Au lower cutoff over a maximum width of 3 m with higher grades cut at 5.0 g/t Au cutoff over a maximum of 1 m width, unless otherwise stated.

Technical Background and Qualified Person

The Qualified Person, Michael Hudson, Executive Chairman and a director of Mawson Gold, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed, verified and approved the technical contents of this release.

Analytical samples are transported to the Bendigo facility of On Site Laboratory Services ("On Site") which operates under both an ISO 9001 and NATA quality systems. Samples were prepared and analyzed for gold using the fire assay technique (PE01S method; 25 gram charge), followed by measuring the gold in solution with flame AAS equipment. Samples for multi-element analysis (BM011 and over-range methods as required) use aqua regia digestion and ICP-MS analysis. The QA/QC program of Southern Cross Gold consists of the systematic insertion of certified standards of known gold content, blanks within interpreted mineralized rock and quarter core duplicates. In addition, On Site inserts blanks and standards into the analytical process.

MAW considers that both gold and antimony that are included in the gold equivalent calculation ("AuEq") 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. The Costerfield mine corridor, now owned by Mandalay Resources Ltd contains two million ounces of equivalent gold (Mandalay Q3 2021 Results), and in 2020 was the sixth highest-grade global underground mine and a top 5 global producer of antimony.

SXG considers that it is appropriate to adopt the same gold equivalent variables as Mandalay Resources Ltd in its Mandalay Technical Report, 2022 dated 25 March 2022. The gold equivalence formula used by Mandalay Resources was calculated using recoveries achieved at the Costerfield Property Brunswick Processing Plant during 2020, using a gold price of US$1,700 per ounce, an antimony price of US$8,500 per tonne and 2021 total year metal recoveries of 93% for gold and 95% for antimony, and is as follows: 𝐴𝑢𝐸𝑞 = 𝐴𝑢 (𝑔/𝑡) + 1.58 × 𝑆𝑏 (%).

Based on the latest Costerfield calculation and given the similar geological styles and historic toll treatment of Sunday Creek mineralization at Costerfield, SXG considers that a 𝐴𝑢𝐸𝑞 = 𝐴𝑢 (𝑔/𝑡) + 1.58 × 𝑆𝑏 (%) is appropriate to use for the initial exploration targeting of gold-antimony mineralization at Sunday Creek.

About Mawson Gold Limited (TSX:MAW),(FRANKFURT:MXR),(OTCPINK:MWSNF)

Mawson Gold Limited is an exploration and development company. Mawson has distinguished itself as a leading Nordic exploration company with its 100% owned flagship Rajapalot gold-cobalt project in Finland, and right to earn into the Skellefteå North gold project in Sweden. Mawson also currently owns 51% of Southern Cross Gold Ltd (ASX:SXG) which in turn owns or controls three high-grade, historic epizonal goldfields covering 470 km2 in Victoria, Australia.

About Southern Cross Gold Ltd (ASX:SXG)

Southern Cross Gold holds the 100%-owned Sunday Creek project in Victoria and Mt Isa project in Queensland, the Redcastle and Whroo joint ventures in Victoria, Australia, and a strategic 10% holding in ASX-listed Nagambie Resources Limited (ASX:NAG) which grants SXG a Right of First Refusal over a 3,300 square kilometer tenement package held by NAG in Victoria.

On behalf of the Board, "Noora Ahola" Noora Ahola, Interim CEO

Further Information www.mawsongold.com 1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7 Mariana Bermudez (Canada), Corporate Secretary +1 (604) 685 9316info@mawsongold.com

Forward-Looking Statement

This news release contains forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements. Although Mawson believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, Mawson's expectations regarding its ownership interest in Southern Cross Gold, capital and other costs varying significantly from estimates, changes in world metal markets, changes in equity markets, the potential impact of epidemics, pandemics or other public health crises, including the current pandemic known as COVID-19 on the Company's business, risks related to negative publicity with respect to the Company or the mining industry in general; exploration potential being conceptual in nature, there being insufficient exploration to define a mineral resource on the Australian-projects owned by SXG, and uncertainty if further exploration will result in the determination of a mineral resource; planned drill programs and results varying from expectations, delays in obtaining results, equipment failure, unexpected geological conditions, local community relations, dealings with non-governmental organizations, delays in operations due to permit grants, environmental and safety risks, and other risks and uncertainties disclosed under the heading "Risk Factors" in Mawson's most recent Annual Information Form filed on SEDAR. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

Photo 1: Float from the Consols prospect located 6.9 km from the main drill area, showing visible gold with quartz. The single hole at Consols failed to reach the predicted south dipping mineralised horizon. Scale of view 3 cm.

Figure 1: Location of the Sunday Creek project, along with SXG's other Victoria projects and simplified geology.

Figure 2: Sunday Creek regional plan view showing LiDAR, soil sampling, structural framework, regional historic epizonal gold mining areas and broad regional areas tested in the reported 2,367 m diamond drill program. The regional drill areas are at Tonstal, Consols and Leviathan located 4 - 7.5 km along strike from the main drill area at Golden Dyke- Apollo.

Figure 3: Leviathan prospect plan view showing LiDAR, soil sampling, structural framework, regional historic epizonal gold mining areas and diamond drill results.

Figure 4: Tonstal prospect plan view showing LiDAR, soil sampling, structural framework, regional historic epizonal gold mining areas and diamond drill results.

Figure 5: Sunday Creek longitudinal section across the plane of the dyke breccia/altered sediment host looking towards the north showing mineralised veins sets. Preliminary visual geological logs of SDDSC082, SDDSC091, SDDSC092 and SDDSC094A at Rising Sun and hole SDDSC097A from Apollo have intersected multiple zones of mineralization with visible gold noted in certain restricted zones.

Table 1: Drill collar summary table for regional drill holes. Projection and datum GDA94_Z55.

Hole_ID	Depth (m)	Prospect	East	North	Elevation	Azimuth	Plunge	Comment
SDDTS001	179.75	Tonstal	336788	5870637	525.0	156.0	-50.0
SDDTS002	182.6	Tonstal	336788	5870637	525.0	111.0	-42.0
SDDTS003	197.8	Tonstal	336788	5870637	525.0	111.0	-73.0	Hit stope from 103.0 m to 107.6 m.
SDDTS004	62.6	Tonstal	336788	5870637	525.0	79.0	-60.0	Abandoned
SDDTS004A	170.6	Tonstal	336788	5870637	525.0	79.0	-60.0
SDDTS005A	257.05	Tonstal	336788	5870637	525.0	70.0	-42.0
SDDTS006	368.6	Tonstal	336788	5870637	525.0	48.0	-50.0
SDDTS007	179.6	Tonstal	336788	5870637	525.2	230.0	-50.0
SDDCN001	200.5	Consols	336270	5870700	507.0	220.0	-60.0
SDDLV001	152.6	Leviathan	334240	5869962	552.2	190.0	-60.0
SDDLV002	131.75	Leviathan	334240	5869962	552.2	240	-50
SDDLV003	140	Leviathan	334240	5869962	552.2	90	-60
SDDLV004	143.4	Leviathan	334428	5870014	553	242.5	-40

Table 2: Drill collar summary table for unreported drill holes from the main drill area.

Hole_ID	Depth (m)	Prospect	East GDA94_Z55	North GDA94_Z55	Elevation	Azimuth	Plunge
SDDSC079	700.7	Rising Sun	331254	5868098	353.7	210.0	-65.0
SDDSC080	374.6	Rising Sun	330754	5868022	294.3	185.0	-71.0
SDDSC081	338.5	Rising Sun	330754	5868022	294.3	210.0	-60.0
SDDSC082	1158.7	Rising Sun	330484	5867895	289.0	74.0	-68.0
SDDSC083	347.5	Golden Dyke	330461	5867922	285.4	196.0	-54.0
SDDSC084	323.4	Rising Sun	330754	5868022	294.3	210.0	-53.0
SDDSC085	827.4	Apollo	331254	5868099	353.8	222.0	-64.0
SDDSC086	298.8	Golden Dyke	330461	5867922	285.4	208.0	-33.0
SDDSC087	286.7	Rising Sun	330754	5868022	294.3	214.0	-43.0
SDDSC088	360.0	Rising Sun	330754	5868022	294.3	214.0	-33.0
SDDSC089	390.0	Golden Dyke	330461	5867922	285.4	214.0	-48.0
SDDSC090	427.2	Christina	330461	5867922	285.4	226.0	-31.0
SDDSC091	530.4	Gentle Annie	330871	5868064	305.6	210.0	-69.0
SDDSC092	In progress plan 830 m	Rising Sun	330537	5867882	295.5	79.0	-60
SDDSC093	610.9	Rising Sun	331291	5867823	316.8	271	-47.5
SDDSC094	23.3	Rising Sun	330639	5867846	306.2	68.5	-56
SDDSC094A	359.6	Rising Sun	330639	5867846	306.1	68.5	-56
SDDSC095	368.3	Apollo	331291	5867823	316.8	271	-53
SDDSC096	347.9	Rising Sun	330639	5867846	306.1	68	-63.5
SDDSC097	62.3	Apollo	331291	5867823	316.8	276	-50.5
SDDSC097A	In progress plan 550 m	Apollo	331291	5867823	316.8	277	-50
SDDSC098	278.5	Rising Sun	330639	5867846	306.1	72	-48.5
SDDSC099	284.7	Rising Sun	330639	5867846	306.1	71.5	-58.5
SDDSC100	In progress plan 1200 m	Rising Sun	330482	5867891	289.5	74.5	-64
SDDSC101	181.5	Rising Sun	330639	5867846	306.1	63	-37
SDDSC103	In progress plan 200 m	Rising Sun	330639	5867846	306.1	53	-53

Table 3: Tables of mineralised drill hole intersections reported from regional holes using two cut-off criteria. Lower grades cut at 0.3 g/t lower cutoff over a maximum of 3 m with higher grades cut at 5.0 g/t AuEq cutoff over a maximum of 1 m.

Drill Hole	from (m)	to (m)	width (m)	Au g/t
SDDLV001	43.00	63.00	20.0	0.2
SDDLV002	47.70	48.60	0.9	0.9
SDDLV002	66.00	70.75	4.8	0.4
SDDLV003	71.40	72.80	1.4	1.3
including	71.40	72.20	0.8	1.9
SDDLV003	85.00	92.00	7.0	1.6
including	87.00	87.50	0.5	15.7
SDDLV004	73.40	73.65	0.3	5.6
SDDLV004	100.70	100.95	0.3	19.4
SDDTS001	99.35	102.15	2.8	0.6
including	99.35	100.12	0.8	1.2
SDDTS003	99.90	104.65	4.8	0.2
SDDLV004	73.40	73.65	0.3	5.6
SDDLV004	100.70	100.95	0.3	19.4
SDDTS004A	133.60	138.65	5.1	0.2
SDDTS005A	170.00	170.45	0.4	1.0
including	170.00	170.45	0.4	1.0
SDDTS006	255.28	256.30	1.0	0.6
SDDTS006	277.54	291.00	13.5	0.2
including	277.88	278.60	0.7	1.2

Table 4: All individual assays reported from regional drilling >0.1g/t Au.

Drill Hole	from (m)	to (m)	width (m)	Au g/t
SDDLV001	25.00	26.00	1.0	0.1
SDDLV001	26.00	26.60	0.6	0.1
SDDLV001	26.60	27.14	0.5	0.5
SDDLV001	27.14	27.55	0.4	0.2
SDDLV001	32.70	33.48	0.8	0.1
SDDLV001	34.18	34.62	0.4	0.5
SDDLV001	36.00	37.00	1.0	0.1
SDDLV001	38.20	39.20	1.0	0.2
SDDLV001	43.00	43.80	0.8	0.4
SDDLV001	43.80	44.70	0.9	0.6
SDDLV001	44.70	45.50	0.8	0.5
SDDLV001	45.50	46.50	1.0	0.4
SDDLV001	46.50	47.50	1.0	0.4
SDDLV001	47.50	48.00	0.5	0.3
SDDLV001	48.00	49.00	1.0	0.2
SDDLV001	49.00	50.00	1.0	0.3
SDDLV001	50.00	51.00	1.0	0.3
SDDLV001	51.00	52.00	1.0	0.2
SDDLV001	53.00	54.00	1.0	0.1
SDDLV001	54.00	55.00	1.0	0.2
SDDLV001	55.00	56.00	1.0	0.2
SDDLV001	56.00	57.00	1.0	0.2
SDDLV001	57.00	58.00	1.0	0.1
SDDLV001	58.00	59.00	1.0	0.1
SDDLV001	59.00	60.00	1.0	0.2
SDDLV001	60.00	61.00	1.0	0.1
SDDLV001	61.00	62.00	1.0	0.1
SDDLV001	62.00	63.00	1.0	0.2
SDDLV001	123.80	124.00	0.2	0.1
SDDLV002	30.70	31.70	1.0	0.1
SDDLV002	41.30	42.50	1.2	0.1
SDDLV002	47.70	48.60	0.9	0.9
SDDLV002	53.70	54.40	0.7	0.1
SDDLV002	56.40	57.00	0.6	0.1
SDDLV002	61.00	61.35	0.4	0.6
SDDLV002	61.35	62.00	0.6	0.1
SDDLV002	66.00	66.50	0.5	0.4
SDDLV002	66.50	67.00	0.5	0.7
SDDLV002	67.00	68.00	1.0	0.1
SDDLV002	68.00	68.40	0.4	0.4
SDDLV002	69.60	70.40	0.8	0.7
SDDLV002	70.40	70.75	0.3	0.9
SDDLV002	85.80	86.32	0.5	0.2
SDDLV002	86.32	86.70	0.4	0.3
SDDLV002	86.70	86.76	0.1	0.5
SDDLV002	102.00	102.40	0.4	0.1
SDDLV002	102.40	102.68	0.3	0.1
SDDLV002	102.68	103.20	0.5	0.2
SDDLV002	103.20	103.50	0.3	0.1
SDDLV003	62.70	63.40	0.7	0.1
SDDLV003	63.40	63.88	0.5	0.1
SDDLV003	63.88	64.68	0.8	0.1
SDDLV003	64.68	65.00	0.3	0.1
SDDLV003	65.00	65.36	0.4	0.1
SDDLV003	65.36	65.70	0.3	0.2
SDDLV003	66.45	67.30	0.8	0.1
SDDLV003	70.50	71.40	0.9	0.1
SDDLV003	71.40	72.20	0.8	1.9
SDDLV003	72.20	72.80	0.6	0.6
SDDLV003	72.80	73.50	0.7	0.1
SDDLV003	73.50	74.00	0.5	0.1
SDDLV003	79.65	80.40	0.8	0.3
SDDLV003	80.40	81.00	0.6	0.1
SDDLV003	83.00	84.00	1.0	0.1
SDDLV003	85.00	86.00	1.0	0.3
SDDLV003	86.00	87.00	1.0	0.8
SDDLV003	87.00	87.50	0.5	15.7
SDDLV003	87.50	88.10	0.6	3.2
SDDLV003	88.10	89.00	0.9	0.2
SDDLV003	91.00	92.00	1.0	0.1
SDDLV003	93.00	94.00	1.0	0.1
SDDLV003	94.00	95.00	1.0	0.1
SDDLV003	96.00	97.00	1.0	0.1
SDDLV003	102.80	103.20	0.4	0.5
SDDLV003	104.00	105.00	1.0	0.1
SDDLV003	105.00	106.00	1.0	0.2
SDDLV003	107.00	108.00	1.0	0.1
SDDLV003	112.00	113.00	1.0	0.1
SDDLV003	114.00	115.00	1.0	0.1
SDDLV003	122.70	124.00	1.3	0.1
SDDLV003	124.00	125.10	1.1	0.1
SDDLV004	67.50	68.10	0.6	0.2
SDDLV004	68.10	68.90	0.8	0.2
SDDLV004	68.90	69.10	0.2	0.7
SDDLV004	72.00	73.00	1.0	0.2
SDDLV004	73.40	73.65	0.3	5.6
SDDLV004	73.65	74.30	0.6	0.2
SDDLV004	75.00	75.70	0.7	0.1
SDDLV004	77.70	78.04	0.3	0.1
SDDLV004	78.04	79.00	1.0	0.3
SDDLV004	81.60	82.00	0.4	0.1
SDDLV004	85.30	85.60	0.3	0.4
SDDLV004	87.40	88.00	0.6	0.3
SDDLV004	95.00	95.40	0.4	0.1
SDDLV004	100.00	100.70	0.7	0.1
SDDLV004	100.70	100.95	0.3	19.4
SDDLV004	105.00	105.50	0.5	0.2
SDDLV004	110.40	110.70	0.3	0.2
SDDLV004	110.70	111.30	0.6	0.4
SDDLV004	113.00	113.50	0.5	0.2
SDDLV004	114.00	115.00	1.0	0.1
SDDLV004	115.00	116.00	1.0	0.1
SDDLV004	120.65	121.10	0.4	0.2
SDDLV004	121.10	121.35	0.3	0.2
SDDLV004	121.35	121.95	0.6	0.1
SDDTS001	99.00	99.35	0.3	0.1
SDDTS001	99.35	100.12	0.8	1.2
SDDTS001	100.12	100.55	0.4	0.6
SDDTS001	100.55	100.95	0.4	0.9
SDDTS001	100.95	101.30	0.3	0.4
SDDTS001	101.30	102.15	0.9	0.1
SDDTS002	111.90	112.55	0.6	0.1
SDDTS002	116.40	117.00	0.6	0.1
SDDTS002	117.00	118.00	1.0	0.1
SDDTS003	99.90	100.90	1.0	0.2
SDDTS003	100.90	101.65	0.8	0.2
SDDTS003	101.65	102.14	0.5	0.3
SDDTS003	102.14	102.72	0.6	0.4
SDDTS003	102.72	103.45	0.7	0.2
SDDTS003	103.45	104.20	0.8	0.2
SDDTS003	104.20	104.65	0.5	0.2
SDDTS003	118.00	119.00	1.0	0.3
SDDTS004A	119.60	120.60	1.0	0.1
SDDTS004A	123.40	124.20	0.8	0.2
SDDTS004A	133.60	134.60	1.0	0.2
SDDTS004A	134.60	135.00	0.4	0.2
SDDTS004A	137.60	138.65	1.1	0.7
SDDTS005A	159.43	159.64	0.2	0.1
SDDTS005A	165.00	165.45	0.4	0.1
SDDTS005A	170.00	170.45	0.4	1.0
SDDTS005A	178.00	178.25	0.3	0.1
SDDTS005A	194.22	194.78	0.6	0.1
SDDTS005A	195.62	196.30	0.7	0.1
SDDTS005A	196.30	197.00	0.7	0.1
SDDTS005A	197.00	198.00	1.0	0.1
SDDTS005A	198.00	198.79	0.8	0.1
SDDTS006	226.80	227.18	0.4	0.1
SDDTS006	227.18	227.67	0.5	0.1
SDDTS006	227.67	228.43	0.8	0.2
SDDTS006	228.43	229.30	0.9	0.1
SDDTS006	255.28	256.30	1.0	0.6
SDDTS006	257.30	258.00	0.7	0.1
SDDTS006	258.00	259.00	1.0	0.1
SDDTS006	259.00	260.00	1.0	0.1
SDDTS006	260.00	261.00	1.0	0.1
SDDTS006	261.00	261.49	0.5	0.1
SDDTS006	261.49	262.17	0.7	0.3
SDDTS006	262.17	262.80	0.6	0.2
SDDTS006	275.60	276.05	0.4	0.1
SDDTS006	276.90	277.54	0.6	0.1
SDDTS006	277.54	277.88	0.3	0.4
SDDTS006	277.88	278.60	0.7	1.2
SDDTS006	278.60	279.00	0.4	0.1
SDDTS006	279.00	279.76	0.8	0.6
SDDTS006	279.76	280.72	1.0	0.1
SDDTS006	280.72	281.23	0.5	0.1
SDDTS006	281.23	282.03	0.8	0.1
SDDTS006	282.03	282.76	0.7	0.2
SDDTS006	282.76	283.35	0.6	0.2
SDDTS006	283.35	284.00	0.6	0.2
SDDTS006	284.00	285.00	1.0	0.2
SDDTS006	285.00	286.00	1.0	0.3
SDDTS006	286.00	287.00	1.0	0.1
SDDTS006	287.00	287.75	0.8	0.1
SDDTS006	287.75	288.65	0.9	0.1
SDDTS006	288.65	289.20	0.6	0.1
SDDTS006	289.20	290.00	0.8	0.2
SDDTS006	290.00	291.00	1.0	0.1
SDDTS006	293.60	294.56	1.0	0.1
SDDTS006	294.56	295.17	0.6	0.1
SDDTS006	313.87	314.27	0.4	0.1
SDDTS006	339.25	340.09	0.8	0.1
SDDTS006	340.09	341.10	1.0	0.2
SDDTS006	341.10	342.00	0.9	0.3
SDDTS007	108.50	109.00	0.5	0.3
SDDTS007	112.00	112.50	0.5	0.1
SDDTS007	112.50	113.00	0.5	0.1
SDDTS007	122.80	123.20	0.4	0.1
SDDTS007	124.00	124.35	0.3	0.1

SOURCE: Mawson Gold Limited

View source version on accesswire.com:
https://www.accesswire.com/792502/sunday-creek-mineralised-footprint-extended-to-8-km-and-remains-open-high-grades-include-05-m-157-gt-03-m-194-gt-gold-mineralization-style-same-as-main-zone

FAQ

What is the significance of the extended mineralized footprint at Sunday Creek?

The extended footprint represents an 8-fold increase and demonstrates district scale opportunities for the project.

What were the highlights of the drilling results?

High-grade gold with a broad mineralized halo was discovered in the first drill holes outside the main drill area.

Who owns Sunday Creek?

Sunday Creek is 100% owned by Southern Cross Gold, which is 51% owned by Mawson Gold.

What is the value of Mawson Gold's stake in Southern Cross Gold?

Mawson Gold's stake in Southern Cross Gold is valued at A$74.1 million (C$64.6 million) based on the closing price on October 11, 2023.

What is the next step for Southern Cross Gold?

Southern Cross Gold will focus on the main drill area where they have a further 22,000 m of drilling to go in their fully funded and permitted drill campaign.

How many holes were drilled in the regional drilling at Sunday Creek?

A total of 12 holes for 2,367 m were completed in the regional drilling at Sunday Creek.

What is the style of mineralization at Sunday Creek?

The mineralization at Sunday Creek is the same style as the Sunday Creek main zone.

What are the upcoming results and updates?

Twenty-one holes are currently being processed and analyzed, with four holes in progress. The company plans to drill an additional 22,000 m by April 2024.