The MCA (Minerals Council of Australia) welcomed the Government’s decision to allocate $23.2 million in resources initiatives in the budget.

It’s been a year since Southern Cross’s IPO and there seems cause for a double celebration, following the release of some dazzling drill results from its wholly-owned Sunday Creek gold project.

SOUTHERN Cross Gold has been beavering away at the Sunday Creek gold field in Victoria’s Melbourne Zone, and 12 months to the day since it started trading, it revealed its second-best intercept yet.

One year to the day since it listed in Australia, Victoria explorer Southern Cross Gold has reported the deepest mineralisation so far at its Sunday Creek gold-antimony project.

Southern Cross Gold has announced high-grade results from three new drill holes which continue to increase the company’s confidence and demonstrate the pedigree of the Sunday Creek project.

Barry FitzGerald writes up on SXG as one of his 'Stocks to Watch'.