What did Southern Cross Gold report?

• Updated Sunday Creek Exploration Target: 3.0–4.6 Moz AuEq at 8.9–12.1 g/t across 10.4–11.9 million tonnes
• Expansion of target area to 1,500 metres of strike, up from 1,020 metres
• Five key prospects included: Christina, Golden Dyke, Rising Sun, Apollo, and Apollo East
• Active drilling with 9 rigs on site, and an additional 2 targeting regional prospects
• Metallurgical tests show overall gold recovery of 92.3% to 95.6% with high-grade, low-arsenic antimony-gold concentrate

What else do investors need to know?

Southern Cross Gold's updated exploration target only covers the central 1.5 km section of an 11 km mineralised corridor at Sunday Creek, leaving significant room for future resource expansion. Active drill programs continue, with more than 35 km of core in the shed awaiting results and a further 135 km of drilling scheduled through to the first quarter of 2027.

All key approvals are in place for both freehold and crown land drilling, and the company is well advanced in constructing a 1.2 km exploration decline for underground access. Metallurgical work from August 2025 highlights excellent gold and antimony recoveries, supporting the potential for future processing options.

What did Southern Cross Gold management say?

President & CEO Michael Hudson said:

We've grown this Exploration Target from three prospects to five, from 1,020 metres of strike to over 1,500 metres, and we are nowhere near done…Every hole we drill either extends what we know or opens something new. The path forward is clear. The geology keeps delivering. Our job is to keep drilling.

What's next for Southern Cross Gold?

Looking ahead, Southern Cross Gold plans to ramp up drill activity with a total of 200 km of drilling targeted by Q1 2027 to further define resources and test step-out and regional targets. The company is also advancing metallurgical studies and project approvals to support potential mineral resource estimation and future development.

The project's high grades of gold and antimony position Sunday Creek as a strategic critical minerals opportunity, particularly amid rising global demand for antimony in energy storage, defence and technology sectors.

Southern Cross Gold share price snapshot

Over the past 12 months, Southern Cross Gold shares have risen 69%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 2% over the same period.

View Original Announcement

The post Southern Cross Gold lifts Sunday Creek Exploration Target on robust drilling results appeared first on The Motley Fool Australia.

The ASX 300 mining Index is 22% higher in the calendar year to date (YTD). This follows last year's spectacular 38% growth.

A new commodities super cycle is underway, with lithium and copper among the best performers in 2026.

By comparison, the S&P/ASX 300 Index (ASX: XJO) is up 2% this year and rose 7% last calendar year.

Major diversified miners, including Rio Tinto Ltd (ASX: RIO), have reset their historical highs this year amid rising commodity prices.

The Rio Tinto share price hit a new record of $195.84 on 3 June.

Copper miner Sandfire Resources Ltd (ASX: SFR) hit a record $21.75 on 30 January.

The ASX copper mining share then retreated for a period before returning to near-record highs this month.

Yesterday, Sandfire Resources shares traded at an intraday high of $21.64.

Despite the new mining boom now underway, experts don't have buy ratings on ASX mining shares across the board.

On The Bull this week, Warwick Grigor from Far East Capital names two mining stocks to sell.

But in both cases, the sell recommendation is for the best reason possible: to take enormous profits.

Southern Cross Gold Consolidated (ASX: SX2)

The Southern Cross Gold share price is $4.51, down 2.6% today but up a whopping 82% YTD. 

Grigor has a sell rating on this ASX gold mining share.

He explains:

The gold company operates three exploration projects. Two projects are in Victoria and one is in Queensland.

The company has reported high grade assays, most recently from the Sunday Creek Gold-Antimony project in Victoria where it drilled seven holes.

Any JORC mineral resource estimate in the future needs to meet investor expectations, or the share price may be punished.

The shares rose from $5.37 on August 1, 2025 to $12.04 on March 2, 2026. The shares were trading at $8.75 on June 11.

Investors may want to consider taking a profit.

Almonty Industries CDI (ASX: AII)

The Almonty Industries share price is $26.42, up 1.1% today and doubling in value YTD. 

Grigor recommends selling this ASX tungsten mining share.

Almonty supplies conflict free tungsten, a strategic metal critical to the defence and advanced technology sectors.

The company is continuing to ramp up its tungsten mining operations in South Korea.

The company has ridden the tungsten boom and benefited from soaring tungsten prices.

However, the share price rise is losing momentum. It now has to deliver on some aggressive earnings estimates to justify its rating.

The shares have fallen from $32.51 on April 21 to trade at $22.18 on June 11. It may be time to cash in some gains.

The post 2 ASX mining stocks to sell after strong runs: expert appeared first on The Motley Fool Australia.

Southern Cross Gold shares closed yesterday trading for $9.77. In early morning trade on Wednesday, shares are changing hands for $9.35 apiece, down 4.3%.

For some context, the ASX 300 is up 0.1%, while the S&P/ASX All Ordinaries Gold Index (ASX: XGD) is down 1.2% at this same time.

The broader gold market selling pressure today comes amid investor concerns that the Middle East conflict could reignite rather than wind down following renewed military strikes overnight. Those fears sent the gold price down 1% to currently be trading at US$4,220 per ounce, according to data from Bloomberg.

Still, investors who bought Southern Cross Gold shares at the 1 August closing price of $5.37 will be sitting on gains of 74.1% today.

The ASX 300 gold stock has benefited from both its own operational successes on and below the ground as well as a surging gold price. Despite recent declines, the yellow metal has gained 25% since 1 August.

Now, here's what Southern Cross Gold just announced.

ASX 300 gold stock hits high-grade zones

Southern Cross Gold shares are falling today despite the miner reporting on some high-grade intercepts at its 100%-owned Sunday Creek Gold-Antimony Project, located in Victoria.

The results stem from seven drill holes from the Apollo and Apollo East prospects within Sunday Creek.

Among the top results, the ASX 300 gold stock reported one hole returned 36.6 metres at 6.5 grams of gold equivalent per tonne (4.0 g/t Au, 1.0% Sb) from 700.0 metres. 'Sb', if you're not familiar, is antimony, a silvery metalloid often used in batteries and to strengthen other metals, like lead.

The miner said the latest drill results show the continued high-grade growth in Apollo as its ongoing exploration continues to expand the known boundaries of the mineralisation.

What did Southern Cross management say?

Commenting on the drill results that could help support the ASX 300 gold stock longer term, Southern Cross CEO and president Michael Hudson said, "These seven holes continue to do what Sunday Creek does best, growing the system in every direction we test."

Hudson noted:

[Drill hole] SDDSC202 delivered a standout 36.6 metres at 6.5 g/t AuEq with high grade assays up to 493 g/t gold, while [hole] SDDSC214W1 has pushed mineralisation to the most easterly position yet identified anywhere on the property, opening up new ground at Apollo East. The shallow, antimony-rich results up to 31.3% Sb in [hole] SDDSC217 are equally important, confirming strong critical-metal tenor close to surface.

Looking ahead, Hudson concluded, "With eleven rigs turning and 67 holes pending, we are only accelerating as we drive toward defining the full extent of this exceptional gold-antimony system."

The post Up 74% since August, ASX 300 gold stock hits new high-grade zones in Victoria appeared first on The Motley Fool Australia.

Materials shares are up 1% amid BHP Group Ltd (ASX: BHP) setting a new all-time record at $62.95 per share today.

Australia is at the start of a new mining boom, with 5 key drivers behind a commodities super cycle underway today.

Several commodities have risen substantially over the past 12 months.

Gold has lifted 34%, silver has soared 117%, copper is 33% higher, iron ore is up 10%, and lithium has ripped 192%.

The new mining growth cycle became evident last year, with ASX 200 materials shares soaring 32%.

Let's take a look at three ASX mining shares with buy recommendations from the experts.

BHP Group Ltd (ASX: BHP)

The BHP share price is $62.75, up 0.7% today, and up 37% in the calendar year to date (YTD).

John Athanasiou from Red Leaf Securities has a buy rating on this ASX 200 copper and iron ore giant.

Athanasiou comments (courtesy The Bull):

Iron ore sales continue to drive earnings, but the key long term story is copper, where demand is structurally supported by electrification, grid investment and artificial intelligence related infrastructure.

Consequently, it gradually shifts BHP from a traditional cyclical miner towards a more diversified industrial metals compounder.

Cash generation remains strong, supporting consistent dividends and capital management. The balance sheet is conservative, allowing flexibility through the cycle.

While iron ore is still exposed to Chinese demand volatility, BHP's scale and low cost positioning provide downside protection.

Unico Silver Ltd (ASX: USL)

The Unico Silver share price is 62 cents, up 6% today, and down 29% YTD.

Philippe Bui from Medallion Financial Group has a buy rating on this ASX silver share.

Bui comments (courtesy The Bull):

This silver explorer is advancing high grade deposits in Argentina's Santa Cruz province.

The Joaquin project recently delivered a 143 per cent resource increase to 167 million ounces of silver equivalent since acquiring it in October 2024.

The latest update was achieved from just 27,723 metres of drilling at a discovery cost of US11 cents per ounce. 

Silver demand is structurally supported by solar, electrification and green technology, giving USL direct leverage to a rising commodity.

With the resource growing rapidly and development progressing, the investment case is building.

Southern Cross Gold Consolidated CDI (ASX: SX2)

This ASX gold share is $10.32 apiece, up 6.7% today, and down 11.3% YTD.

Shaw and Partners gives Southern Cross Gold shares a buy rating with a 12-month price target of $14.40.

This implies a near-40% upside ahead.

Shaw and Partners analyst Alex Barkley said:

Our base case forecasts support our Buy Recommendation, with an implied ~40% stock upside.

We also find substantial project upside potential at Sunday Creek.

Geological extension potential could extend mine life or importantly, allow a larger mining capacity.

Any project expansion returns could be supercharged by the remarkable ~9g/t AuEq site grade.

Key upcoming catalysts include ongoing drilling, an Exploration Target update in Q2 CY26, and a maiden Resource in Q1 CY27. 

The post 3 ASX mining shares to buy: experts appeared first on The Motley Fool Australia.

Let's check out some new ratings on three ASX shares.

Southern Cross Gold Consolidated Ltd (ASX: SX2)

This ASX gold share closed at $9.50, down 4.4% yesterday.

The Southern Cross Gold share price has risen by more than 60% over 12 months.

Shaw and Partners has a buy rating on the gold explorer. 

The broker gives Southern Cross Gold shares a 12-month price target of $14.40 based on a discounted cash flow (DCF) valuation.

Analyst Alex Barkley said:

Our base case forecasts support our Buy Recommendation, with an implied ~40% stock upside.

We also find substantial project upside potential at Sunday Creek.

Geological extension potential could extend mine life or importantly, allow a larger mining capacity.

Any project expansion returns could be supercharged by the remarkable ~9g/t AuEq site grade.

Key upcoming catalysts include ongoing drilling, an Exploration Target update in Q2 CY26, and a maiden Resource in Q1 CY27. 

Centuria Office REIT (ASX: COF)

Centuria Office REIT shares closed steady at 91 cents yesterday.

The ASX real estate investment trust (REIT) has fallen 27% over 12 months.

Bell Potter recently maintained its hold call on this ASX property share and lowered its target from $1.05 to 95 cents.

Analyst Michael Armstrong said:

COF is facing headwinds to earnings from tricky conditions in key exposed markets, rising interest rates, and dilutionary asset divestments.

We forecast earnings declining in FY27 (-2.7% below consensus), holding in FY28, before returning to growth in FY29.

COF screens inexpensive on a P/E and NTA basis but is trading at a P/E to Growth (PEG) ratio of 13.0x, placing it well above peers (sector simple avg. 2.9x).

We see better risk-adjusted opportunities in other sub-sectors at present and believe a pickup in the suburban market is still a little way off.

Healius Ltd (ASX: HLS)

This ASX healthcare share closed steady at 35 cents on Thursday.

The Healius share price has tanked 62% over 12 months.

After the company issued an FY26 earnings downgrade, Jarden kept its sell rating in place.

The broker has a price target of 47 cents, which implies 34% capital growth ahead.

The post Buy, hold, sell: Southern Cross Gold, Healius, Centuria Office REIT shares appeared first on The Motley Fool Australia.

Encouraging gold results

The company said in a statement to the ASX on Thursday that new exploration drilling had intersected mineralisation at a depth of about 1236m, with gold mineralisation present, including an intersection of 0.9m at 5.4 grams per tonne gold equivalent.

The company added:

The hole extended approximately 460 m below the defined exploration target at Golden Dyke, materially expanding the potential depth extent of the deposit and confirming scale comparable to mineralization depths discovered at the Rising Sun prospect.

Southern Cross Chief Executive Officer Michael Hudson said the results were significant.

He added:

This is a milestone hole for Sunday Creek. SDDSC194W1 was designed to answer a simple but critical question: does the system persist at depth well beyond our current exploration target? The answer is yes. In a bold step-out to untested depths, at 1,236 m below surface and 460 vertical metres below the last known mineralisation at Golden Dyke, we intersected 66 m of dyke and altered sediment with gold present. This is the deepest hole on the property to date. The thesis was to test whether the host sequence continued at depth – that thesis has been emphatically proven, and that we hit gold across a 28 m true thickness zone was an absolute bonus.

Mr Hudson said the geochemistry of the mineralisation was also encouraging.

The arsenic-to-antimony ratios we're seeing at depth are exactly what the epizonal model predicts, the fluid chemistry signature is right, and it tells us we are still within the productive part of the plumbing system. We are well below the antimony zone and into the sulphosalt area within the brittle-ductile transition – exactly where we expect to find robust, deep gold systems in the Victorian orogenic gold province. That's a powerful vectoring tool as we plan the next series of holes into this area.

More potential even deeper

Mr Hudson said adjacent deposits in Victoria were being tested at depths of more than 2km, and he was confident Sunday Creek could continue to more than 2km below the surface.

He added:

In this style of mineralisation, the veins form the rungs of a ladder, and drilling sub-parallel to those rungs can easily miss them entirely. The fact that we intersected a 28 m true thickness altered and veined zone with anomalous gold throughout confirms that the host sequence is thick, repeatable, and fertile at these depths. An exciting result.

Southern Cross Gold shares were 0.8% lower in early trade at $9.69. The company was valued at $2.53 billion at Wednesday's close.

The post This ASX gold company has reported 'exciting' new exploration results appeared first on The Motley Fool Australia.

The company said in a statement to the ASX that it had hit record grades at the Apollo mineralised system, returning an intersection of 17.3m at 22.9 grams per tonne equivalent, including 6.3m at 32.3 grams per tonne equivalent.

The company also pointed out that the results were high in antimony, with multiple intervals in the four holes in question exceeding 20% antimony, "consistent with the zonation model that predicts the richest antimony grades in the upper 700 m of the system''.

The company said this was important given current antimony prices and global supply constraints.

Strong drilling results

South Cross Chief Executive Michael Hudson said the results were significant.

As he said:

These four holes do something important — they demonstrate that the upper Apollo system, within 220 vertical metres of surface, is capable of hosting extremely high gold antimony grades across broad widths. The 17.3 m at 22.9 g/t gold equivalent in SDDSC200 is the best composite we've ever recorded in the top portion of Apollo and is in an area we had not previously drilled. That's not infill – that's discovery. What strikes us about this set of results is the consistency. Four holes, drilled in alternating directions across the upper Apollo, all hit mineralization. The vein sets are continuous, they're predictable, and the high-grade cores keep appearing exactly where the geology says they should. SDDSC200 also intersected a vein set we hadn't seen before, which is a reminder that Apollo is still expanding with further drilling.

Mr Hudson said the antimony story was "equally compelling … at a time when the Western world is urgently reassessing its antimony supply chain, these grades matter''.

Mr Hudson said there were another 46 drill holes pending results and 10 drill rigs on site.

Antimony in focus

The Australian Government, in January, said that as part of its proposed $1.2 billion critical minerals reserve, the government would be stockpiling minerals, including antimony.

Southern Cross said at the time it was well-placed to feed into this need for the mineral.

As they said:

The company welcomes this landmark initiative which recognizes the strategic importance of securing domestic antimony supply for Australia and its allies. Sunday Creek, located just 60km north of Melbourne in Victoria, represents one of the most significant undeveloped gold-antimony deposits in the Western world and stands ready to support Australia's critical minerals security objectives.

South Cross Gold Consolidated shares were 1.8% lower in early trade on Monday at $9.03.

The post This ASX gold and antimony developer has announced good drilling results at its Victorian project appeared first on The Motley Fool Australia.

Ms King said the reserve would "help attract further investment and help the sector deal with potential future market disruptions".

Give these stocks a once over

I've had a look at some of the players in the antimony field, which might be worth a look now that the government will be intervening in a positive way in the sector.

One company that issued a press release on Thursday welcoming the new strategic reserve is Southern Cross Gold Consolidated Ltd (ASX: SX2).

As the company said in their release, their Sunday Creek project was well-placed to be a supplier:

The company welcomes this landmark initiative which recognizes the strategic importance of securing domestic antimony supply for Australia and its allies. Sunday Creek, located just 60km north of Melbourne in Victoria, represents one of the most significant undeveloped gold-antimony deposits in the Western world and stands ready to support Australia's critical minerals security objectives.

The company said construction had started on an exploration decline at the project, and Chief Executive Officer Michael Hudson was touting Victoria's historical strength in the sector.

Victoria has always been Australia's antimony state. Antimony has historically been Victoria's second most important metal after gold, with a heritage stretching back to the 1860s. During World War I, central Victoria's Costerfield mines were critical suppliers of antimony for British munitions. Today, Victoria remains Australia's only antimony-producing state.  

Another company with a well-timed release out on Wednesday was Resolution Minerals Ltd (ASX: RML), which reported new high-grade antimony and silver samples from its Antimony Ridge project, albeit in the US in this case.

These samples were taken from within historically-mined areas at the project, and the company said the results "reinforce the potential for Antimony Ridge to host a high-grade, strategically significant U.S antimony system''.  

New South Wales focus

Back home in Australia, and Larvotto Resources Ltd (ASX: LRV) is aiming to bring its Hillgrove gold and antimony project in New South Wales into production this year.

It's a substantial project, as the company says on its website:

Hillgrove is poised to become Australia's largest producer of antimony, expected to produce 7% of global antimony requirements when global supply is tightening and Western governments are prioritising strategic supply chains. Hillgrove has been mined for antimony and gold since 1857. With a rich history within the region, Hillgrove continues to provide residential employment opportunities and support for local business and communities.

And finally, Black Cat Syndicate Ltd (ASX: BC8) announced in October that new drilling had found visible antimony in the first four holes drilled at its Mt Clement project, which it said is "one of Australia's largest and highest-grade antimony projects'' with a resource of 13,200 tonnes at a grade of 1.7%.

The company at the time said it had appointed a manager to drive the project faster, "given the strong demand and pricing for antimony''.

The post The government is looking to stockpile antimony – these four companies can help you gain exposure appeared first on The Motley Fool Australia.

S&P/ASX All Ords Index (ASX: XAO) shares delivered total returns (capital growth plus dividends) of 10.56% last year.

The ASX All Ords tracks the performance of the market's top 500 companies by market capitalisation.

The S&P/ASX Small Ords Index (ASX: XSO), which tracks companies ranked 101 to 300 by market cap, delivered a total return of 24.96%.

Small-cap shares typically have market caps between a few hundred million dollars and $2 billion.

So, why was it such a great year for the smaller players?

ASX small-cap shares make a comeback

Blackwattle Investment Partners portfolio managers, Robert Hawkesford and Daniel Broeren, who run the fund manager's Small Cap Quality Fund, said ASX small-cap shares outperformed largely due to the rising value of junior gold explorers.

In a recent update, Hawkesford and Broeren said geopolitical instability prompted investors to buy precious and critical metals shares.

Additionally, interest rate cuts worldwide encouraged investors to buy companies in earlier stages of growth because "smaller cap companies offer the greatest range of opportunities".

Lower interest rates reduce smaller companies' debt servicing costs and boost their earnings potential.

Perpetual portfolio managers Alex Patten and James Rutledge, co-portfolio managers of the Perpetual Smaller Companies Fund, said the economic landscape "decisively" turned in favour of ASX small-cap shares in 2025.

They point out that during the August earnings season, the ASX Small Ords Index lifted 8.5% while the S&P/ASX 100 rose by 2%.

Patten said:

You're starting to see some decent outperformance from small caps and micro caps.

This is the first time that's happened in a number of years.

Over the past few years, when rates were going up quite quickly, that's not typically a great environment for small caps.

But now that rates are starting to come down, we're seeing more interest in small and micro caps and bit more liquidity in the market.

Exposure to Aussie economy

Patten and Rutledge also point out that ASX small-cap shares are more influenced by the domestic economy while large-caps are globally exposed.

Many ASX small-cap shares are domestic cyclicals, with retailers and residential building companies reporting an uptick in demand last year.

Smaller companies also benefitted from moderating wage growth.

ETF provider Global X reported strong inflows into its ASX small-cap shares ETFs in November.

This reflected investors' desire to diversify away from large-caps with stretched valuations, such as the ASX bank shares.

Global X said:

Whether investors are aiming for the top 300 Australian companies rather than just the top 200, or focusing exclusively on smaller companies, small-caps could be making a comeback.

The impact of rising small-caps last year can be seen in the annual returns of Australia's key indices.

Total returns of key ASX indices

5 best ASX small-cap shares for price growth in 2025

These were the five best-performing ASX small-cap shares for capital growth in 2025.

1. Anti-drone technology company DroneShield Ltd (ASX: DRO), up 300%

2. Gold miner Pantoro Gold Ltd (ASX: PNR), up 220%

3. Gold explorer Predictive Discovery Ltd (ASX: PDI), up 220%

4. Gold producer Resolute Mining Ltd (ASX: RSG), up 206%

5. Gold explorer Southern Cross Gold Consolidated CDI (ASX: SX2), up 204%

The post Why 2025 was the year of the ASX small-cap shares appeared first on The Motley Fool Australia.

Southern Cross Gold shares closed yesterday trading for $8.69. In early morning trade on Wednesday, shares are changing hands for $8.51 apiece, down 2.1%.

For some context, the ASX 300 is down 0.3% at this same time.

If you're unfamiliar with the miner, it's a relative newcomer to the ASX in its current expanded structure. The new company was formed on 15 January 2025 following the merger of Canadian-listed Mawson Gold and ASX-listed Southern Cross Gold Ltd.

Southern Cross Gold Consolidated then started trading on the ASX on 17 January.

With the gold price then surging to new record highs and the miner achieving its own operational successes, shares in the ASX 300 gold stock have leapt 124% since 17 January.

And investors who bought the miner at the 28 February close will be sitting on gains of 149.6%.

Here's what's happening today.

ASX 300 gold stock hits high-grade intersections

Southern Cross Gold shares are slipping despite the miner reporting on the latest promising exploration results at its 100%-owned Sunday Creek Gold-Antimony Project, located in Victoria.

The results come from 12 drill holes.

The ASX 300 gold stock highlighted drillhole SDDSC192, which it said is the deepest east west oriented hole drilled into the Apollo prospect to date. That hole returned a top result of 3.6 metres at 14.7 grams of gold equivalent per tonne from 708.6 metres down.

The miner said that these high-grade results confirm the system continues to deliver exceptional gold values in the deepest holes into the system.

What did management say?

Commenting on the results that have yet to lift the ASX 300 gold stock today, Southern Cross CEO Michael Hudson said, "SDDSC192 is our deepest east-west hole into Apollo and delivered 3.6 m @ 14.7 g/t AuEq, including a high-grade hit of 0.21 m @ 236 g/t Au, proving the system remains robust and open at depth."

Hudson added:

Stepping down 80 metres at Apollo Deeps, we intersected 11 vein sets across Apollo East and Apollo Deeps, demonstrating exceptional continuity of this large-scale, high-grade gold antimony system. We've also uncovered a new mineralised zone between the Gladys and Golden Orb Faults that returned 0.3 m @ 45.9 g/t AuEq, opening up 70 metres of untested ground to the south.

Individual samples returned exceptional antimony [Sb] grades of 25.1% and 17.4% Sb alongside high-grade gold values, reinforcing Sunday Creek's significance as a critical antimony project. Apollo continues to grow in every direction we drill, and with mineralisation open at depth and along strike, we're only starting to see system's potential to the east.

The post Up 150% since February, ASX 300 gold stock reports 'robust' high-grade results appeared first on The Motley Fool Australia.

The outperforming company in question is Southern Cross Gold Consolidated (ASX: SX2). Southern Cross Gold shares are up 6.3% in early trade on Thursday, changing hands for $5.27 apiece.

If you're not familiar with the miner, it was formed on 15 January this year after the merger between Canadian-listed Mawson Gold and ASX-listed Southern Cross Gold Ltd.

And the new Southern Cross Gold has been on a tear since commencing trading on the ASX on 17 January.

Over the past month alone, the ASX All Ords gold stock is up a blistering 50.1%.

Here's what's grabbing investor interest today.

ASX All Ords gold stock storms higher on high grade hits

Atop the tailwinds from another uptick in the gold price overnight to US$3,020 per ounce today, the Southern Cross Gold share price is getting a boost after the company released some promising exploration results.

Those stem from two drill holes at the miner's Golden Dyke prospect at its 100% owned Sunday Creek Gold-Antimony project in Victoria. According to Southern Cross Gold, the Sunday Creek project is one of the only Tier 1 independently owned, high-grade, multi-million ounce potential greenfield global projects.

The ASX All Ords gold stock said that one of the holes delivered three significant intercepts exceeding 50 gram-metres of gold (Au) equivalent, including 5.4 m at 29.6 g/t Au.

The miner also reported on some very high grade intercepts from the latest drill hulls. Those included 1.2 m at 96.7 g/t Au, 0.1 m at 270.0 g/t Au, and 0.4 m at 129.6 g/t Au.

What did the ASX All Ords gold stock management say?

Commenting on the drill results that look to be giving the ASX All Ords gold stock an extra lift today, Southern Cross Gold CEO Michael Hudson said, "Golden Dyke continues to deliver exceptional high grade results."

Hudson added:

The discovery of a new high-grade structure in [drill hole] SDDSC151 has substantial implications for expanding our resource potential, giving an intriguing hint of the parallel mineralized systems throughout the project.

Consistent extremely high-grade intercepts across multiple high-grade structures in the same hole including hits like 1.2 m @ 96.7 g/t Au, 1.4 m @ 37.3 g/t Au and 0.4 m @ 129.6 g/t Au, surrounded by broader halos demonstrate the extraordinary richness of this system.

Looking to what's ahead for the gold miner over the coming months, Hudson said:

Our six-rig drilling program underscores our confidence in rapidly advancing this strategic asset that combines exceptional gold economics with critical antimony exposure at a time of increasing geopolitical importance.

The post Up 50% in a month, why is this ASX All Ords gold stock surging again on Thursday? appeared first on The Motley Fool Australia.