Southern Cross Goldfields - ASX:SXG
Highlights - Quarterly Report June 2010
Iron Ore Exploration
- Central Yilgarn Mineral Province is recognised as an emerging iron ore exploration hot spot
- Haematite mineralisation has been identified at Johnston Range with over 30km of potential iron formation, seven areas of haematite mineralisation located, and rock chip assays up to 63.4% Fe
- Goethite/haematite mineralisation has been identified at Jackson with a 500m long zone located, within which the central 250m outcropping zone averages 58.8% Fe (65.2% CaFe)
Gold Exploration
- Sirius (Bullfinch North) RAB drilling has located a 2km gold anomaly identified with up to 8m @ 0.85g/t Au from 20m (to end of hole) including 4m @ 1.63g/t Au from 20m
- Sirius RAB drilling has also located nickel sulphide potential with elevated nickel and copper assays being returned
- Andromeda (Marda) RAB drilling has extended to strike of the Andromeda prospect by 80-160m, with a best assay result of 8m @ 1.04g/t Au from 52m
- Andromeda RAB drilling has also suggested a repetition of mineralisation to the north
- Copper Bore rock chip sampling has returned up to 11.4% Cu and 5.9g/t Au from malachite stained gossan
Latest news
02/09/2010 - Exploration Update
31/08/2010 - Managing Director Tony Truelove to Move to New Project
18/08/2010 - Iron Ore Targets Confirmed - Johnston Range
29/07/2010 - Quarterly Report - June 2010
Contact SXG
Telephone: +61 8 9215 7600

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