Mawson Gold announces Southern Cross Gold has entered into a Sale and Purchase Agreement with Nagambie Resources Ltd. for SXG to acquire the remaining 30% interest and royalty from NAG in the Redcastle gold-antimony Joint Venture tenements . Highlights: SXG to acquire the remaining 30% interest in Redcastle gold-antimony JV for the purchase price of $250,000. The Acquisition also eliminates any remaining obligations in [...]
Mawson Gold announces Southern Cross Gold has made a significant discovery expanding mineralisation 140 m below previous drilling at the historic Golden Dyke mine at the 100%-owned Sunday Creek Gold-Antimony Project. Results from two diamond drill holes significantly improve the immediate prospectivity of Sunday Creek demonstrating that Golden Dyke has become the third high-grade gold-antimony prospect located 260 m and [...]
Mawson Gold announces Southern Cross Gold has initiated a regional scale induced polarization geophysical survey at the 100%-owned Sunday Creek Gold-Antimony Project. Highlights: A large-scale induced polarization geophysical survey has commenced at the Sunday Creek Project with a view to define regional drill targets outside the core drill area. The IP survey extends over 12 km 2 and covers 6 km strike of the dyke and [...]
Mawson Gold announces Southern Cross Gold has announced it intends to acquire two residential holdings from arm's length third parties and has also entered into a Share Swap Agreement to acquire 100% of the shares of Sparr Nominees Pty Ltd "Sparr". Sparr holds substantial agricultural properties in and around the Sunday Creek Project and approximately AUD$18.75m in cash. SXG is acquiring the two residential holdings at a [...]
Mawson Gold Ltd. is pleased to announce that further to its news releases dated June 10, 2024 and July 30, 2024, Mawson has entered into an arrangement agreement with SUA Holdings Ltd. , a newly formed wholly-owned subsidiary of Mawson, pursuant to which the Company proposes to spin-out its uranium assets in Sweden to SUA in consideration for common shares of SUA and distribute 100% of the SUA Common Shares it then holds [...]
Mawson Gold announces Southern Cross Gold has released a new and large gold-antimony discovery drilled 100 m - 150 m below the largest historic mine at the 100%-owned Sunday Creek Gold-Antimony Project. Highlights: SDDSC130, reported here, shows the development of a third large, mineralized body developing beneath the most prolific historic mine at Sunday Creek. The new discovery is located 260 m and 600 m west [...]
Mawson Gold announces Southern Cross Gold has released results from two diamond drill holes SDDSC122 and SDDSC122W1 from the Rising Sun prospect at the 100%-owned Sunday Creek Project. Highlights: SDDSC122W1 intersected two high-grade vein sets in a 150 m down-dip step out at Rising Sun below SDDSC082. It included ten assayed intervals of > 10 g/t Au, and three assayed intervals > 5% Sb. Selected highlights include: 2.4 m [...]
Mawson Gold Ltd. is pleased to announce that further to its news release of June 10, 2024, Mawson has entered into a definitive binding scheme implementation agreement with Southern Cross Gold Ltd. dated July 30, 2024. Pursuant to the SIA, Mawson proposes to acquire all of the ordinary shares of SXG Mawson does not already own by way of a scheme of arrangement under the laws of Australia . Mawson currently owns 96,590,910 [...]
Mawson Gold announces Southern Cross has released results from two diamond drill holes SDDSC119 and SDDSC119W1 from the Apollo prospect at the 100%-owned Sunday Creek Project. Highlights: Drillhole SDDSC119 drilled an extension of mineralisation 200 m from Apollo to Apollo East and infilled a 260 m gap in Apollo Deeps providing confidence in continuity. SDDSC119 intercepted 10 high-grade vein sets, including three vein [...]
Deepest Hole on Project Three New High-grade Vein Sets at Depth Two New Top 10 and Three New >100 g/t AuEq*m Intersections Mawson Gold Ltd. announces Southern Cross Gold Ltd. has released results from SDDSC118 from the Rising Sun prospect at the 100%-owned Sunday Creek Project in Victoria, Australia . SDDSC118 is the deepest hole on the project, extending high grade mineralization 80 m down dip and intersecting multiple [...]
Mawson Gold Ltd. is pleased to announce that it has entered into a non-binding term sheet with Southern Cross Gold Ltd. dated June 11, 2024 , contemplating the acquisition of SXG by Mawson through an Australian scheme of arrangement transaction . Pursuant to the NBTS, Mawson is expected to acquire all the ordinary shares of SXG that Mawson does not already own and change its name to Southern Cross Gold Ltd. . The New [...]
Mawson Gold announces Southern Cross Gold has released results from two diamond drillholes from the Rising Sun prospect at its 100%-owned Sunday Creek Project. Both holes intersected multiple high-grade structures and were successful in extending mineralization beyond the bounds of the modelled mineralized domains as well as defining continuity in other areas. Highlights: SDDSC115A intercepted eleven high-grade [...]