Mining & Metals - Melbourne, Victoria, Australia
Southern Cross Gold is a gold exploration company primarily focused on three of the nine historic epizonal goldfields in the Melbourne Zone of Victoria which cover an area of approximately 471km². It owns 100% of the Sunday Creek project, a shallow orogenic (or epizonal) Fosterville-style deposit located 56 kilometres north of Melbourne and contained with 19,365 hectares of both granted and applied for exploration tenements. It is earning up to 70% of the Redcastle and Whroo projects, both again epizonal fields, to the north of Sunday Creek. Redcastle is located 2 kilometres along strike from Mandalay Resources' Costerfield mine exploration tenements and on a parallel north-south structure and 24 kilometres east of Kirkland Lake Gold's Fosterville mine – two of the world's highest grade gold mines.The Whroo goldfield is one of the largest historic epizonal goldfields in Victoria and remains untested to depth.Southern Cross Gold also holds a strategic 10% shareholding in ASX listed Nagambie Resources Ltd (Nagambie) and, with that, a right of first refusal to take up or match proposals being considered over a competitive 3,300km2 tenement package in central northern Victoria held by Nagambie. Southern Cross Gold also holds five exploration prospecting licences for 785km2 of granted exploration licences in the Cloncurry district of Mt Isa, over a combined 60 kilometres of strike, and is surrounded by South32 Ltd and Sandfire Resources Ltd.
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