What was the major announcement from Southern Cross Gold Consolidated (ASX:SX2) regarding Sunday Creek?

Southern Cross Gold Consolidated (ASX:SX2) successfully drilled the deepest hole in the history of its Sunday Creek Project, reaching high-grade gold mineralisation 1,236m vertically below the surface.

Why is the depth of the SDDSC194W1 drill hole significant for SX2 investors?

The gold hit occurred 460m deeper than previous mineralisation at the Golden Dyke prospect, surpassing the company’s internal exploration targets by approximately 490m.

What were the specific assay results from the Southern Cross Gold (ASX:SX2) deep drilling?

Geological analysis of the deep drill hole revealed a broad 66m zone of dyke and altered sediment. Within this zone, the company intersected a high-grade interval of 0.9m at 5.4 g/t gold equivalent (AuEq), proving that high-grade mineralisation persists even at these record depths for the project.

What does "vectoring confidence" mean for the Sunday Creek Project?

Technical teams found that arsenic-to-antimony ratios in the deep core samples match expected geochemical zonation patterns. This gives the company "vectoring confidence," meaning the fluid chemistry and thermal signatures at depth are consistent with those found in large, productive gold systems, allowing for more predictable future drilling.

How does this news change the long-term investment thesis for Southern Cross Gold (ASX:SX2)?

The discovery shifts the narrative from a shallow-to-mid-depth exploration play to a potentially massive vertical system similar to other major gold prospects like Rising Sun. This increases the speculative upside for long-term investors as it suggests the "blue sky" potential of the Sunday Creek asset is significantly greater than once thought.

What are the main technical risks for Southern Cross Gold (ASX:SX2) after this deep hit?

While the discovery is a major win, deep drilling is significantly more expensive and technically challenging than shallow exploration, which could increase the company's future capital expenditure (capex) requirements.

How will Southern Cross Gold (ASX:SX2) optimise future exploration at Sunday Creek?

The company has established a new geometric framework using a south-to-north drill orientation to better understand the deposit's structure.

What should retail traders watch for next regarding the SX2 share price?

nvestors should monitor follow-up drill results from the newly established framework to see if high-grade mineralisation is consistent across the expanded vertical zone.

Southern Cross Gold drills deepest hole yet at Sunday Creek

Written by Heidi Cuthbert Published Apr. 9 2026Last Updated Apr. 9 2026

Southern Cross Gold Consolidated (ASX:SX2) announced a major exploration milestone at its Sunday Creek Project, drilling the deepest hole in the project's history.

The drill hole, SDDSC194W1, intersected high-grade gold mineralisation approximately 1,236m vertically below the surface, confirming that the mineralising system remains open and active at extreme depths.

The discovery marks a breakthrough, as the gold hit occurred 460m below previously intersected mineralisation at the Golden Dyke prospect.

The results surpassed internal exploration targets by roughly 490m, materially expanding the known vertical scale of the deposit.

Geological analysis revealed a wide zone of 66m of dyke and altered sediment, including a high-grade interval of 0.9m at 5.4 g/t Au eq.

Technical teams highlighted that the fluid chemistry at these depths remains highly favourable.

Arsenic-to-antimony ratios observed in the deep core samples are consistent with expected geochemical zonation, providing the company with strong "vectoring confidence".

This suggests the system retains the necessary thermal and chemical signature to host significant gold at depth.

Furthermore, the south-to-north orientation of this control programme has established a robust geometric framework for future exploration.

This allows Southern Cross Gold to optimise future intercepts by drilling at high angles.

At the time of reporting, Southern Cross Gold Consolidated’s share price was $9.76.