SOUTHERN CROSS Stock Price, News & Analysis

Mawson Gold Limited has appointed John Jentz as an Independent Director, enhancing its Board with over 20 years of mining and finance experience. Jentz has previously held key positions in acquisition deals worth ~C$1B and brings expertise in corporate strategy and finance. He holds an HBSc and MBA and is a Chartered Accountant. His appointment includes incentive stock options for 600,000 shares at $0.15 each. CEO Ivan Fairhall expressed confidence in Jentz's ability to drive shareholder value, especially with projects like the 1.04 Moz AuEq Rajapalot project in Finland.

Mawson Gold Limited (MWSNF) has announced an expansion of its exploration strategy at the Rajapalot gold-cobalt project in Finland, increasing the search area by 5,000 ha. This area lies between the 1 Moz AuEq Rajapalot resource and the Rompas system, known for its high-grade gold findings. Recent drone and ground surveys have been completed to identify geological structures linked to significant gold discoveries. CEO Ivan Fairhall emphasized the potential for further gold discoveries despite a large portion of the land remaining underexplored due to glacial cover.

Mawson Gold Limited (OTC PINK: MWSNF) announced the initial drill results from its Skellefteå North project in Sweden, where it can earn up to 85%. The maiden drill program revealed significant gold intersections, including 1.8 m at 28.4 g/t Au and 0.4 m at 132 g/t Au from drillhole DB2202. The project targets a mineralized outcrop along a 180m surface strike associated with a 2 km magnetic anomaly. Mawson's CEO expressed excitement about the high-grade results, emphasizing the area's rich mining history and potential for further discoveries.

Mawson Gold reports significant drill results from its subsidiary Southern Cross Gold's Sunday Creek property in Victoria, Australia. The highlight is a drill hole SDDSC033 showing 119.2 m @ 3.9 g/t AuEq. High-grade intersections include 5.1 m @ 20.3 g/t AuEq and 2.3 m @ 32.0 g/t AuEq. Mawson holds a 60.3% stake in Southern Cross, which raised A$9.1 million in an IPO to fund a 24-month exploration program. Mawson's shares in Southern Cross are valued at approximately C$55.4 million, reflecting a 225% increase since the IPO.

Mawson Gold Limited (OTC PINK: MWSNF) announced promising assay results from its subsidiary Southern Cross Gold Ltd at the Sunday Creek property in Victoria, Australia. Significant findings include 17.3m at 4.9 g/t AuEq and 9.8m at 4.6 g/t AuEq, with continued drilling and assays underway. Mawson holds a 60.3% stake in Southern Cross, which is well-funded following its IPO to enhance exploration activities. The company's market capitalization is approximately C$17 million as of May 24, 2022. CEO Ivan Fairhall highlighted the potential of the Sunday Creek discovery amidst ongoing drilling programs in Sweden and Finland.

Mawson Gold Limited (OTC PINK:MWSNF) announced on May 17, 2022, that its Australian subsidiary, Southern Cross Gold Ltd (SXG), successfully closed its IPO, raising A$9.1 million. This raises the total funds to A$11.8 million since January 2022. SXG's shares began trading on the ASX on May 16, 2022, with a market capitalization of A$32 million. Mawson retains a 60.3% interest in SXG, equating to a market cap of C$17.2 million, highlighting substantial value for Mawson shareholders and potential in ongoing exploration projects.

Mawson Gold Limited (OTC PINK:MWSNF) announced the start of drilling at the Skellefteå North project in Sweden and the results of its winter scout drilling at the Rajapalot gold-cobalt project in Finland.

The Skellefteå North program includes 5 drill holes targeting areas with channel samples reporting gold grades up to 5.4 g/t. Meanwhile, scout drilling in Finland involved 26 holes with no significant results, although the 1 Moz AuEq Rajapalot resource remains open at depth with a PEA underway.