Southern Cross Gold has intersected a bonanza 249.5 grams per tonne gold from 691 metres during drilling at the Sunday Creek project in Victoria.

Southern Cross Gold has added a fourth rubber track-mounted rig to drilling activities at its Sunday Creek epizonal gold project in Victoria.

Latest results include hole 55, which was the first cross hole and tested the upper levels across previous hole 50.

Junior explorer Southern Cross Gold has extended the strike of mineralisation at its wholly-owned Sunday Creek project in Victoria, intersecting high gold and antimony grades in a step-out hole from the Apollo prospect.

A gold exploration company believe the Clonbinane area has potential to yield significant amounts of gold and antimony after ‘encouraging’ drilling results in the area.

Many analysts are favouring gold in 2023, and prices could soar to new heights amid recession fears and heightening demand.