MELBOURNE, Australia — Shares of Southern Cross Gold Consolidated Ltd. climbed sharply Thursday, rising $0.92, or 8.13%, to $12.24, after the exploration company released a fresh batch of high-grade drilling results from its flagship Sunday Creek gold-antimony project in Victoria.

The dual-listed company, which trades under the ticker SXGC on the Toronto Stock Exchange and as SX2 through CHESS Depositary Interests on the Australian Securities Exchange, announced Wednesday that results from five newly reported drill holes had extended the known mineralization at Sunday Creek to its furthest eastern point to date, while also showing increasing grades at depth within the project's Apollo prospect.

The headline result came from drill hole SDDSC222W1, which returned an intersection of 0.6 meters at 993.2 grams per tonne gold equivalent, comprising 972.0 grams per tonne gold and 8.9% antimony, from a depth of 808.5 meters. The company said the intersection ranked as the ninth-best composite result drilled at Sunday Creek to date, striking mineralization roughly 620 meters below surface within the Apollo prospect.

A separate hole, SDDSC227, delivered what Southern Cross Gold described as the shallowest high-grade intersection yet drilled in the project's Apollo East zone, returning 5.1 meters at 27.2 grams per tonne gold equivalent, including a higher-grade section of 2.6 meters at 51.1 grams per tonne gold equivalent, from a depth of just 260.9 meters. The company said the hole also represented the most easterly and shallowest significant drill intersection reported at the project to date, alongside an antimony assay of 32.5%.

Southern Cross Gold........

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