Mawson Gold's Subsidiary Achieves Record Gold Intersection in Australia

Mawson Gold Limited announced that its subsidiary, Southern Cross Gold, has achieved significant drilling results at the Sunday Creek Project in Victoria, Australia. The drilling campaign received its highest-grade gold intersection to date, uncovering 2,318 g/t of gold over a 1.0 m interval within a broader span of 455.3 m at 7.2 g/t of gold. This drill, SDDSC107, penetrated 12 high-grade vein sets, marking an important milestone in the project's exploration.

Further detailing the drill's outcomes, SDDSC107 features multiple high-grade intersections, including ten assays greater than 50 g/t of gold, with the highest being 7,330 g/t over 0.3 m. This demonstrates the continuity between high-grade gold intercepts within the site. The drilling aimed to explore the strike extent and continuity of the gold-antimony mineralization, lending credence to the potential of the Sunday Creek area.

Mawson Gold situates the importance of these findings within the larger context of reinvigorating the Victorian goldfields. The company plans to continue expanding its exploration efforts, with four drill rigs in operation and several holes in various stages of completion. This ambitious drilling campaign aims not just for expansive understanding but for identifying exceptionally high-grade zones.

The significance of these drilling results extends beyond the immediate area, showcasing the vertical and lateral continuity of mineralization and hinting at the broader potential of the Sunday Creek Project. As Mawson Gold continues its exploration, the findings from SDDSC107 offer a promising glimpse into the rich mineral potential awaiting discovery.