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Southern Cross Goldfields extends high grade gold zone at Battler, WA
Thursday, March 11, 2010
Southern Cross Goldfields (ASX: SXG) has announced that assay results have been received from five RC drill-holes completed at Battler during February 2010 designed to infill and extend the known mineralisation.
An intercept of 6m @ 8.44 g/t Au including 5m @ 9.88 g/t Au was returned from hole BGRC125 drilled 20m north of previously reported high grade intersection.
Mineralisation remains open along strike to the north.
Drill-hole BGRC124 did not return any significant results suggesting that while gold mineralisation is high grade, the size of the target is smaller than anticipated.
Infill drilling defines the Battler Splay to approximately 110m vertical depth for resource calculation.
Ongoing work at Battler will concentrate on section reinterpretation and a revised resource estimate which will be calculated from 3D modelling of the gold zone at Battler.
This will then be used for preliminary pit optimisation and assessment of the underground potential.
The modelling will also aid further exploration targeting. Given the high gold grades and strong alteration zones encountered to date, SXG intends to continue target generation on the Battler leases.
Drilling is expected to re-commence at Bullfinch North in approximately 2 weeks, testing large geochemical and RAB gold anomalies within the pressure shadow to the north of the Ennuin granite dome.
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