SOUTHERN CROSS Stock Price, News & Analysis

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.

Mawson Gold Limited (PINKSHEETS:MWSNF) has announced the initiation of a maiden Preliminary Economic Assessment (PEA) for its Rajapalot gold-cobalt project in Finland, which has an inferred mineral resource estimate of 1.04 million ounces of gold equivalent. The PEA, set for completion in Q3 2022, will explore extraction efficiencies and metallurgical processes, with tests already revealing gold recoveries over 97% and cobaltite flotation recoveries between 78%-93%. Engineering and permitting studies are underway, indicating a robust development strategy.

Mawson Gold Limited (MWSNF) announced that its Australian subsidiary, Southern Cross Gold Ltd (SXG), has lodged a prospectus with the ASIC to raise between A$8 million and A$10 million. This includes a contract to acquire 300 acres of freehold land at the Sunday Creek Project and a A$70,000 investment in Nagambie Resources to maintain a 10% holding. The IPO is expected to finalize in 6-8 weeks. Mawson's shareholding in SXG will be reduced to approximately 58% post-IPO, and shares will be escrowed for 24 months.

Mawson Gold Limited (MWSNF) reported positive assay results from its deepest drill hole (MDDSC026) at the Sunday Creek gold project in Victoria, Australia. Significant highlights include 5.6 metres @ 9.2 g/t Au from 469.7 metres depth, and a peak of 1.2 metres @ 36.2 g/t Au. This increases the mineralization depth to 420 metres. The company plans to lodge a prospectus for the spin-out of its Australian assets to the ASX. Mawson holds 84.62% of Southern Cross Gold's shares and has raised A$2.725 million for exploration and IPO costs.

Mawson Gold Limited has announced significant updates regarding its Redcastle gold-antimony joint venture project in Victoria, Australia. The project covers 56.7 sq. km, located near Mandalay Resources' Costerfield mine, a high-grade underground operation. Mawson holds 84.62% of Southern Cross Gold, which recently raised A$2.725 million for exploration and an IPO. Recent drilling identified multiple high-grade targets, with notable intersections such as 0.5 metres at 9.1 g/t Au. Mawson's exploration strategy focuses on deep drilling beneath historic mines, expanding search areas, and prioritizing ongoing exploration efforts.