VANCOUVER, BC / ACCESSWIRE / October 9, 2024 / Mawson Gold Limited ("Mawson" or the "Company") (TSXV:MAW)(Frankfurt:MXR)OTC PINK:MWSNF) announces Southern Cross Gold Ltd. ("Southern Cross Gold" or "SXG") has initiated a regional scale induced polarization ("IP") geophysical survey at the 100%-owned Sunday Creek Gold-Antimony Project in Victoria (Figure 3). Highlights: A large-scale induced polarization ("IP") 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 altered sediment hosted gold mineralized trend to cover significant historical mining areas including Tonstal, Leviathan, Consols and Aftermath. IP geophysics is a key exploratory tool at Sunday Creek as it successfully maps the gold-antimony mineralized host sequence due to the higher amount of pyrite present as a halo around the vein sets and main trend. The pyritic halo is up to several hundred metres wide in areas around Apollo and Rising Sun and is a near 1:1 correlation with higher chargeability shells (Figure 2).
Previous regional drilling up to 8 km along strike from the main drill area at Sunday Creek confirmed the presence of the same dyke breccia host and crosscutting high grade gold-bearing veins as currently being drilled within the main mineralized zone. Five drill rigs are operating at site, with 22 diamond drill holes currently being processed and an.