Southern Cross Gold Consolidated Buy Rating Reiterated at Stifel Canada; Price Target Kept at C$10.00

MT Newswires Live01-30

Stifel Canada on Thursday reiterated its buy rating on the shares of Southern Cross Gold Consolidated (SXGC.TO) and its C$10.00 price target after the company released drilling results.

"Southern Cross announced results from four drill holes from the Rising Sun prospect at its Sunday Creek Gold-Antimony Project in Victoria (Australia). SDDSC196 intersected sixteen vein sets across a 500+m mineralized corridor, averaging 559m @ 2.5g/t AuEq, including six returned intervals >20g/t AuEq (including three >100g/t Au). Highlights include 1.3m @ 670.4g/t AuEq (670.2g/t Au + 0.1% Sb) from 869.2m - the 7th highest intercept in our records - and the highest individual antimony assay to date at 0.16m @ 65.9% Sb (plus 78.5g/t Au) from 445.9m. We continue to see stronger derisking of the Sunday Creek geology and continuity of structure displayed through robust predictive modelling (geo-statistics), recent system-scale linking (Golden Dyke-Rising Sun) where COV <2, suggesting lower nugget effect risk and higher predictability than typical Victorian deposits, with sustained low risk to grade uniformity," analyst Ralph Profiti wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 10.80, Change: -0.65, Percent Change: -5.72

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