The company announced a capital raising of $16 million at 58 cents per share last week which took about as long as I took to respond to the St Regis waiter when he asked me “excuse me sir would you like some more?”

Inspired by a near-miraculous but partial assay that returned 305.8m grading 2.4 grams per tonne gold equivalent from 319m, the company closed a placement to raise A$16 million at 58c per share.

Exploration company Southern Cross Gold has announced a “spectacularly wide” and high-grade intersection of gold-antimony mineralisation from a drill hole at its wholly-owned Sunday Creek project in Victoria.

Southern Cross’ deepest hole at its Sunday Creek project in Victoria is proving to be a true winner on several counts, including a wide and rich gold-antimony intersection.

A partial assay from the deepest hole completed so far, which was also drilled in a new orientation has returned 305.8m grading 2.4 g/t gold equivalent from 319m.

Southern Cross Gold has reported a 50% increase in the number of drill rigs operating across multiple targets at the Sunday Creek gold-antimony project in Victoria.