Southern Cross Goldfields Ltd

Disclaimer

This web site is for information purposes only. Southern Cross Goldfields Ltd ("SXG") does not warrant that the information on this site is accurate, complete or up to date. Information contained in this site is not intended as an investment recommendation. SXG, its directors and officers do not accept any liability to any person in respect of any loss or damage (whether direct, consequential or otherwise) which may be suffered or incurred, or which may arise directly or indirectly, from the use of the information contained in this site.

Notes

Notes to Mineral Resource Estimate table

  1. Numbers may not add due to rounding
  2. Resource models were constructed within the GS3 software, a proprietary resource modelling software developed by Hellman and Schofield.
  3. The Dulcie resource was estimated using Ordinary Kriging within a wireframe of laterite using 20m by 20m by 1m blocks. The resources for all other deposits are estimates of recoverable tonnes and grades using Multiple Indicator Kriging with block support correction into model blocks customised to the average drill hole spacing for each deposit and assuming smallest mining unit for ore selection in mine grade control of 3 metres (across the general strike of mineralisation) by 5 metres (along strike) by 2.5 metres (elevation).
  4. Gold estimation and model blocks were constrained within either geologically derived or grade based wireframes.
  5. Resource assaying data sets derived from all available reverse circulation and diamond drill sampling. No RAB drilling or trenching assays have been used in the estimates.
  6. Geology has been used to constrain mineralisation as appropriate.
  7. Weathering domains have been used to constrain mineralisation where appropriate.
  8. Data density varies and is reflected in the resource category which has been applied. All measured resources have a drill-hole density of approximately 12.5m x 12.5m. All indicated resources except Dulcie have a drill-hole density of approximately 25m x 25m. Dulcie has a drill density of 40m x 40m. Inferred resources have variable density but always less than 50m x 50m except for the Barranco Option resources which are generally 80m spaced drill sections with variable drill-hole spacing along sections and Mt King which has variable drill-hole spacing between 25m and 100m.
  9. Assays are generally fire assay, with limited atomic absorption spectroscopy (AAS) assays in the weathered zone.
  10. All drill-hole collars are surveyed by GPS. Down hole surveys are limited, except at British Hill, where most drill-holes are surveyed.
  11. A lower cut-off of 0.5g/t Au has been used except at Dulcie where a lower cut-off of 0.4g/t Au has been used.
  12. CP resources are subject to a conditional purchase agreement which has not yet been finalised.

JORC compliance statement

The information in the report to which this statement is attached that relates to Exploration Results, bulk densities, cut off grades, and SXG's comments on the Hellman & Schofield estimates is based on information compiled by Antony Truelove who is a Member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Antony Truelove is a full time employee of Southern Cross Goldfields Ltd. Antony Truelove has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Antony Truelove consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates mineral resource estimation the Dulcie deposit is based on work completed by Mr Jonathon Abbott who is a full time employee of Hellman and Schofield Pty Ltd and a member of the Australasian Institute of Mining and Metallurgy. Mr Abbott has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Abbott consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates mineral resource estimation the King Brown, Golden Orb, British Hill, Battler, Python, Dolly Pot, Dugite, Goldstream and Mount King deposits is based on work completed by Mr Nic Johnson who is a full time employee of Hellman and Schofield Pty Ltd and a member of the Australian Institute of Geoscientists. Mr Johnson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Johnson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.