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Southern Cross Gold Consolidated Ltd (ASX:SX2)

ALERT: Price-sensitive ASX Announcement for SX2
Current share price for SX2 : $12.210 3.47 (39.70%)+
Announcement
Release
15 Jul 2026 8:40AM
Price at Release
$8.740
Full Release
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Summary
Southern Cross Gold Consolidated Ltd (SX2) announced significant results from two drill holes at their Redcastle Project in Victoria, Australia. The drilling, part of a larger exploration program, confirmed high-grade gold intervals at depth. Notable findings include 26.2 g/t gold over 0.14 meters from one of the drill holes, SDDRE016, at the Laura prospect. This demonstrates the continuation of high-grade mineralization historically mined at surface levels. The project offers a district-scale opportunity with 14 individual reefs across a 900-meter corridor and historic workings extending over 17 kilometers. The Redcastle goldfield, structurally controlled and epizonal, shows potential for further exploration, with the company planning additional drilling to expand upon these promising results.
Key Points
  • High-grade gold intervals discovered at depth.
  • SDDRE016 drill hole intersected 26.2 g/t Au over 0.14 m.
  • Redcastle Project offers district-scale opportunities with 14 reefs.
  • Historic workings span over 17 km, largely untested below 50 m depth.
  • Potential for further exploration and drilling at Redcastle.
  • Redcastle is located 64 km from Southern Cross Gold's Sunday Creek project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.