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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 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!!
Michael Hudson explains the the reasons behind the decision the intention of a dual listing for SXG in Canada.
The PDAC Core Shack where Exploration Manager manned the SXG booth to show core from Sunday Creek to describe the nature of the high grade mineralisation.
Michael Hudson discusses the best hole drilled to date at Sunday Creek, that returned a spectacularly long and high-grade intersection of gold-antimony mineralisation including 1.0 m @ 2,318 g/t Au drilled within 455.3 m @ 7.2 g/t Au from 413.6 m (uncut).
Michael Hudson and Kenny Bush go into a deep dive discussion with Gorm Henriksen of ValPal Equity Research about the history and strategy of SXG going forward, including the intention to list in Canada, but also the geological model at Sunday Creek looking at the continuity of grade in individual veins and the strike expansion potential both the the east and west of the main drill area. There are detailed timestamps below the video for you to jump to whichever topic you'd like to listen to.
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