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Southern Cross Goldfields begins step-out drilling, EM surveys at Copper Bore


Southern Cross Goldfields (ASX: SXG) has commenced a new phase of step-out drilling and project-wide ground EM (electromagnetic) surveys at its 100%-owned Copper Bore Project in Western Australia.

Two new step-out drill holes are underway targeting down-dip and strike extensions to the Southern Gossan prospect with one hole expected to be completed before Christmas.

Down-hole EM will be conducted following completion of drilling targeting off-hole conductors representing potential accumulations of sulphide mineralisation.

Previous drilling has confirmed VMS mineralisation at Southern Gossan over a strike length of ~150 metres and to a vertical depth of 230 metres, which remains open down-plunge and along strike to the north and south.

Previous intersections include 5 metres at 2.0% copper, 1.9 grame per tonne (g/t) gold, 7.1% zinc and 25.4g/t silver.

A project-wide ground EM survey commenced this week to provide EM coverage along the entire 10 kilometre strike length from Southern Gossan to Copper Bore, generating new drill targets for 2012.

The company aims to complete the new project-wide EM program prior to Christmas to define additional walk-up drill targets for the New Year. These targets will include the bullseye aeromagnetic anomalies identified near Copper Bore and Kim’s Bore.

Southern Cross holds the non-iron rights immediately surrounding and to the north and south of the project area, positioning it well to capitalise from any further VMS discoveries in this district.

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