Following “spectacular” drill results at Southern Cross Gold’s Sunday Creek project in Victoria, the company will mobilise a second rig to the project before the end of the month.

Lisa Gibbons talks to the AFR to state there is enough momentum behind commodity prices to keep the industry drilling at a rapid pace.

Investors have been bidding the Southern Cross Gold share price higher today after the gold explorer released positive drilling results.

Southern Cross is now focusing its drilling in the area to target extensions, in the heart of what is mapped as a 10km mineralised trend that extends beyond drilling area.

Hole SDDSC033 was drilled to test a 120-metre gap between two mineralised shoots to the west of the Apollo shaft between two previously-drilled holes nearby.

Southern Cross Gold has struck high-grade gold and antimony over a wide zone measuring over 119 metres at its Victorian project.