The historical Sunday Creek gold field, just 60km outside Melbourne, continues to show all the hallmarks of a large epizonal discovery that, with persistence, might someday rank alongside Costerfield and Fosterville.

Southern Cross Gold has drilled a new record intersection of gold and antimony mineralisation at its 100%-owned Sunday Creek project in Victoria.

Since the middle of last year Mike Hudson has steered the ship at Southern Cross Gold, hoping to make a discovery in the style of the legendary Fosterville gold mine across 20,000 hectares of exploration ground known as the Sunday Creek project.

At $0.80 and an enterprise value of just under $140 million, I still think this project is good for 1Moz of gold (equivalent). Good to see interest back in Victorian gold plays.

Southern Cross Gold (ASX:SXG) came to market in 2022 chasing riches in the historic mining state, where new discoveries and mines have run dry in recent years.

An impressive 2670g/t gold. That’s the top interval that Southern Cross reported within an equally astonishing 404.4m intercept at 5.1g/t gold from drilling at its Sunday Creek project in Victoria.