Southern Cross Gold acquires 30% interest, royalties, and full ownership of Redcastle gold-antimony project from Nagambie for $250k.
Southern Cross Gold Ltd. (SXG) has acquired a 30% interest and royalty from Nagambie Resources Limited (NAG) in the Redcastle gold-antimony project for $250,000, granting SXG full ownership and control. Located in Victoria's Goldfields, the project has a rich gold production history dating back to the 1850s and features 17 km of undrilled reef systems. This acquisition concludes the joint venture and eliminates any royalty payment obligations.
October 25, 2024
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