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Friday, Aug 29, 2025
Mugglehead Investment Magazine
Alternative investment news based in Vancouver, B.C.
Southern Cross Gold expands Golden Dyke with new high-grade veins
Southern Cross Gold expands Golden Dyke with new high-grade veins
Southern Cross at work at Sunday Creek. Image via Southern Cross Gold.

Gold

Southern Cross Gold expands Golden Dyke with new high-grade veins

The United States has initiated the FAST-41 process to accelerate permitting for critical infrastructure projects

Southern Cross Gold (ASX: SX2) (TSE: SXGC) (OTCMKTS: SXGCF) has announced compelling results from four drill holes at the Golden Dyke prospect, part of its 100 per cent owned Sunday Creek gold-antimony project in Victoria.

The latest results demonstrate the continued expansion of one of the region’s most promising high grade gold and antimony systems, highlighting both depth and lateral growth potential.

Drilling has extended the Golden Dyke system to 560 m deep, marking one of the deepest holes reported to date. The new results also revealed two previously unknown gold veins located 50 m west of the known mineralization.

Michael Hudson, President and CEO of SXGC, noted that the Golden Dyke system is continuing to grow.

“Our latest drilling extends mineralization both laterally and at depth while revealing new high grade zones,” said Hudson.

“SDDSC168W1 has pushed the western side of Golden Dyke vertically to 560 m below surface, representing one of our deepest east west holes and delivering spectacular intercepts including 164.3 g/t AuEq over 0.5 m and 170.2 g/t AuEq over 0.2 m.”

Meanwhile, SDDSC175 pushed the Golden Dyke system 50 m westward toward Christina. Further, the system intersects nine vein sets, including two previously unknown structures outside the current exploration target. Mineralization appeared from as shallow as 50 m below surface, producing impressive widths such as 11.6 m @ 3.4 g/t AuEq.

Read more: Promising antimony find in Nevada strongly positions NevGold Corp in minerals race

Read more: NevGold’s Nevada property may just be the next American antimony resource of scale

Sunday Creek is a rare dual commodity system with economic potential

The company has also mobilized an additional rig, bringing total operations to nine rigs at Sunday Creek. Eight rigs focus on infill and extension drilling across a 1.6 km strike, while one rig targets regional exploration prospects. Currently, 37 drill holes are being processed and analyzed, with nine more actively drilling. SXGC’s systematic program targets high grade vein formations over the 1,500 m strike of the Christina to Apollo prospects.

Since late 2020, the project has reported 187 drill holes totalling 88,812.55 m, plus additional geotechnical and abandoned holes. Regionally, 14 drillholes for 2,383 m have been reported outside the main area. The project now also includes 66 drill holes exceeding 100 g/t AuEq x m and 75 exceeding 50 to 100 g/t AuEq x m, applying a 2 m @ 1 g/t AuEq lower cut. Step out drilling aims to delineate the full extent of this mineralized system.

Consequently, the combination of gold, antimony, and confirmed continuity makes Sunday Creek a rare dual commodity system with substantial economic potential. Exceptional gold intercepts further show the project’s high grade nature. Meanwhile, antimony intercepts reaching 48.9 per cent confirm Sunday Creek’s critical metal potential.

The high grade gold veins, broad mineralized zones, and structural continuity demonstrated through infill drilling validate SXGC’s strategy to systematically expand the Golden Dyke system. Furthermore, the shallow mineralization in SDDSC175 highlights potential for open pit mining opportunities alongside deeper underground resources. Expansion toward the Christina prospect and regional exploration targets continues to provide multiple avenues for resource growth.

Read more: NevGold’s latest Nevada drill results show exceptional gold mineralization

Read more: NevGold’s latest drill results extend priority target at Limo Butte by over 200 metres

Reduction of Chinese dependency is a global effort

Antimony, a critical metal essential for defense, clean energy, and technology sectors, has become a major focus in global geopolitics due to China’s dominance in production and export. Recognizing the strategic importance of antimony, the United States has initiated the FAST-41 process to accelerate permitting for infrastructure projects. The Stibnite Gold Project in Idaho is part of this accelerated review.

Other countries are also taking steps to reduce dependency on Chinese antimony. Canada is collaborating with allies, including Germany, to fund and develop critical mineral projects. These efforts focus on diversifying supply chains and securing essential materials for industries reliant on antimony.The United Kingdom implemented a Critical Minerals Strategy to ensure access to strategic minerals through domestic production, recycling, and partnerships.

Publicly traded companies are actively contributing to antimony development. NevGold Corp (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50), based in British Columbia, is advancing its Limousine Butte Project in Nevada, where surface rock samples have returned up to 10 per cent antimony. The company is re-evaluating historical drilling data to determine the full potential of the resource.

Military Metals Corp (CNSX: MILI) (OTCMKTS: MILIF) (FRA: QN90) is exploring the West Gore Antimony Project in Nova Scotia. This is a former producing mine containing stibnite and antimony gold alloys.

These combined efforts by governments and companies aim to mitigate the risks associated with China’s stranglehold on antimony. Expanding domestic production, forming international partnerships, and actively exploring high quality deposits outside China are key strategies to secure a stable and reliable supply of this critical metal for defense, technology, and energy applications.

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NevGold Corp is a sponsor of Mugglehead news coverage

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