Southern Cross Gold CEO Michael Hudson on Drilling 559 Metres @ 2.1 g/t Gold at Sunday Creek

Well, it's very nice to be back, Gerardo, and Sunday Creek is a gift that keeps on giving. You know, I can give all these platitudes to the project because it makes us absolutely look very smart, where it's amazing to be custodians of, you know, one of the greater gold discoveries in the space in the last number of years in a gold market that we do have now, and with the shareholders we do have. And you know, we got 140 million bucks in the bank to drill 200 kilometers of drilling to drill out a substantial maiden resource. Every drill hole that we're putting into this, including what you just stated, is defining, you know, new structures as well as infilling existing ones. So I don't have the press release. I'm away from my desk as we're talking here. But there was a number of high-grade structures that hadn't been defined before in that hole. So it's not just simple infill. It's infill plus discovery. And when you're drilling more than half a kilometer, drilling, perhaps that's to be expected. And that's what we're seeing at every point in this 200-kilometer drill program that we're finding more, the grade stacking up where we've seen it before, and it's showing continuity and at those very high grades, which is what makes or breaks these, any high-grade deposit. You want to see it holding together, and that it is. And we've got 10 rigs on site today. So there's no shortage of news flow. There's something like 39 or 40 holes in the lab. We've got two rigs, one rig today and two rigs shortly that will be drilling eight kilometers away. We put a hole half a kilometer below the main drill area that we've just been talking to. So, you know, another probably seven or 800 meters below that half-kilometer intersection. We're talking kilometers now around drilling in this deposit because it's big and it's only getting bigger. So, a hell of a lot happening just on the drill-out, let alone the regional exploration, which is a quarter of our budget to test the 90% of this system that hasn't seen much drilling at all beneath old mines. So, a lot happening, and you know, we can... I'll let you direct me to the next point rather than continuing to get excited about this one drill release, which is a part of a much bigger context.

The antimony, or antimony depending on which part of the hemisphere you come from, is 20% of the recoverable mix of this project. So just reminding everybody that it is a gold project but has a substantial antimony byproduct. And actually the inventory now, if you look at our exploration target drill-constrained, it places Sunday Creek in a top-three position already, and it's only getting bigger as we've discussed in the ex-China world for antimony deposits. So it's big, it's significant. We don't have to face China on their pricing deck because we've got 80% backed by gold. So that de-risks it in an incredible way. And as a consequence of the significance of the deposit and how it will help rebuild a Western supply chain for this critical metal, and you don't have a munitions industry without antimony, and today China and Russia and Tajikistan control 90% of the world's supply chain. Sunday Creek is a key part of that, and we're having discussions right through Asia, being Japan, right through North America, being your great country, right through our own country. The strategic reserve you mentioned only mentioned three metals essentially: antimony, gallium, and then the bag of rare earths as the key focus for that strategic reserve. So we're having in-depth discussions, and we've just got to find the right strategy on how we process the concentrate and where we process it, how we all work together, and how we use that strategic advantage to lower our cost of capital essentially to build this project and to help permit it too. I mean, gold will pay for it. Antimony will help permit it, is the line we've used for a long time. So we're in no rush because we have some time, but not a lot of time. Everybody wants antimony on the table yesterday, and it's taken me to some incredible places around the world already, and I suspect it will do so even more so and continue on this strategy. But we think strategically around the antimony piece and spend a lot of time on it disproportionately to the recoverable value mix.