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Gold exploration success story Southern Cross Gold could ultimately define 3 million ounces grading around 10 grams per tonne at its Sunday Creek project in the Victorian Goldfields.
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The breakout in gold prices since February has been largely ignored by mainstream investors...investment advisors have less than 1% exposure to gold, the highest percentage of aversion since 2019.
A company associated with famous North American uber gold bull Pierre Lassonde is underwriting a A$10.2 million non-renounceable rights issue being undertaken by explorer Southern Cross Gold.
Costco, which started offering gold bars last year online and in a few stores, has been selling out within hours. Gold buyers, especially those on the younger side, say it is a hedge against catastrophe.
A potential future new gold mine near Melbourne, Victoria, has been sketched out by capital markets firm Bell Potter.
Southern Cross Gold intends to dual list on one of the Canadian exchanges. SXG is up 900% since listing in 2022.
Michael Hudson describes the three new results from holes SDDSC111, 112/112W1 and 116 at Apollo where we are starting to test at depth and which is continuing to get better.
Shareholder Pierre Lassonde named us as one of his two favourite exploration companies going around at the moment with comments like "I like the management, they really know what they're doing". Hear more of what Pierre had to say about us from the 52:20 minute mark.
Michael Hudson discusses how holes SDDSC110, 113 & 114 have demonstrated how we can build ounces at a lower cost base at Sunday Creek.
Michael Hudson talks to Karl Woll at Vrify about exploration generally and how AI could be used as an extra tool to find more gold and antimony at Sunday Creek.
Michael Hudson describes the process for eligible shareholders to participate in the 1 for 33 Rights Issue to raise $10.23 million at $1.82.
Michael Hudson gives an update on the great success we have had in drilling at the Rising Sun and Apollo/Apollo Deep zones at Sunday Creek and looks ahead to a bright future for the company including our intention to list in Canada!!
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