Including 0.5 metres @ 2,541.9 g/t gold
Vancouver, Canada — Mawson Gold Limited (“Mawson” or the “Company”) (TSXV:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces Southern Cross Gold Ltd. (“Southern Cross Gold” or “SXG”) has released results from five drill holes from the Apollo prospect, with yet another significant discovery of 186 m @ 8.8 g/t Au* (“gold”) (uncut) including 0.5 m @ 2,541.9 g/t Au at its 100%-owned Sunday Creek Gold-Antimony Project in Victoria. At Apollo, as for the adjacent Rising Sun mineralization, grades are increasing at depth.
High Level Take Away:
Sunday Creek Latest Results Setting New Records and Validating Growth Potential
The latest drill results continue to reinforce Sunday Creek as one of the best gold-antimony discoveries in the world, with a globally leading drill hit rate (fifty greater than 100 g/t AuEq x m from 152 holes for 67,623 m drilled). Discovery hole number SDDSC145 delivered exceptional gold grades, including:
- 2,541.9 g/t Au over 0.5 metres, representing the third-highest composite intercept in the project's history
- 4,880.0 g/t Au over 0.3 metres within this interval, being the highest-grade assay at Apollo and second highest across the entire project
- A broader mineralized zone of 8.8 g/t Au over 186 metres* (uncut), traversing 8 distinct high-grade vein sets
These intersections rank among the most impressive gold intercepts reported globally in recent years and are typical of the geology in the region, where spectacular high-grade gold is found at depth.
The systematic approach of testing the extensions of the deposit to depth has identified eight distinct mineralized vein-sets within SDDSC145. These vein-sets are like a "Golden Ladder" structure where the main host (100 m to 200 m wide) extends between the side rails deep into the earth, with multiple cross-cutting vein sets that host the gold forming rungs. These rungs are characterized by high-grade intercepts ranging from 20 g/t to over 7,330 g/t Au mineralization with at least 67 defined to date.
Approximately 20% of Sunday Creek's in-situ recoverable value is from antimony. Sunday Creek is on track to become one of the most significant antimony projects in the Western world. China last week ratcheted up further supply pressure, imposing an outright ban on exports of antimony to the United States. This positions the project as one of the few significant future antimony sources in the Western world at a time when defence supply chains face mounting pressure sourcing antimony and other critical metals.
Further drill results from the fourteen holes being processed at the laboratory will be soon released. SXG has one of the larger exploration drill programs globally with five rigs (moving to six shortly) drilling with 60,000 m planned by Q3 2025.
The combination of a globally significant discovery with exceptional gold grades and strategic antimony content, in a tier-one jurisdiction an hour by road from Melbourne, suggests that the next 12 months of SXG’s systematic exploration and pre-developments plans will prove transformative.