- Application EL008779 covers an additional 46km of strike along several highly prospective anticlines extending from the company's current portfolio of prospects.
- EL0087779 adds an additional 305km2 to the company's land holdings. Now totalling over 750km2.
- The move consolidates potential strike extension ahead of initial drill testing of these regional targets.
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2025) - Golden Cross Resources (TSXV: AUX) (OTCQB: ZCRMF) (FSE: ZML0) ("Golden Cross" or the "Company") is pleased to announce that it has lodged an application for Exploration Licence EL008779, securing an additional 305 km² of highly prospective ground in Victoria, Australia's prolific Lachlan Fold Belt - a region known for orogenic gold deposits (structurally controlled, quartz vein-hosted systems), as well as intrusion-related and epizonal high-grade gold systems.
This new licence covers approximately 46 km of strike across several key anticlines that host known gold mineralization, significantly expanding the Company's footprint to more than 750 km² in the region.
The expanded landholding consolidates strike extensions of Golden Cross's initial drill testing of regional targets, complementing ongoing work across the Reedy Creek Gold Project at several key prospective targets.
Key Prospective Trends Included in the Application:
- Providence Trend - 8 km strike
- Homewood Trend - 9 km strike
- Ti Tree Trend - 11 km strike
- Welcome Trend - 18 km strike
Figure 1. Map showing EL008779 extending across 46 km of strike, adding to Golden Cross's consolidated land position in Victoria's goldfields.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5159/265083_e6d18ac044d3b894_002full.jpg
Providence
Gold mineralisation at the Providence area occurs in west-dipping quartz veins, shear zones and fault breccias within a weakly mineralised 150 m thick host sandstone unit bounded on either side by interbedded siltstones and mudstones. Four main reefs were mined at Providence mainly in the period from 1859 to 1888, reportedly yielding an aggregate of over 930 kg (30,000 oz) of gold1.
Homewood
Rock chip sampling of the workings along the Homewood trend by CRA in the late 70's yielded peak gold assays of 4.4 and 2.45g/t Au2.
Welcome & Ti Tree
The Tea Tree Creek Goldfield features several areas of alluvial workings, as well as several significant mines exploiting reef deposits. The Welcome Reef was worked to a depth of over 240m with recorded production of 1,200 oz of gold averaging 45 g/t3. The Old Mans Hope Reef averaged 15 g/t gold4. Mineralisation is reported to be concentrated in the core of an anticlinal axis and appears to be most intense where the quartz reefs intersect graphitic shales5.
The new application represents an important milestone in Golden Cross's strategy to build a pipeline of high-quality exploration targets within its Reedy Creek Project, directly adjacent to Southern Cross Gold's Sunday Creek discovery.
Management Commentary
Alan Till, VP Exploration of Golden Cross Resources, commented: "Our prospects demonstrate gold mineralization closely linked to the region's major anticlinal fold trends. We are entering an exciting growth phase as we advance mapping and initial drill testing of several underexplored targets, including Welcome Reef and the historic Ah Mouy Mine. This tenement application strategically secures future expansion opportunities for Golden Cross along strike of these highly prospective gold-bearing corridors."
Sources:
1., 3., 4., 5.) Eggeling, T. (2011). Yea Project - EL5234, Annual Report for Period 1st January 2010 - 31st December 2010. Ashburton Minerals Ltd.
2.) Patterson, G.W., 1979. CRA Exploration Pty Ltd. EL 622, Mt Eaglehawk. Final report for the period ending May 1979, 48 pp. Earth Resources Division Expired Exploration Reports File.
Marketing Services Agreement
The Company also announces that it has entered into a marketing services agreement with the Oregon Group ("Oregon"). The scope of services to be provided by Oregon include written content and media dissemination (the "Services").
The agreement with Oregon (the "Oregon Agreement") has a term of 12 months, commencing September 3, 2025, under which the Company will pay Oregon US$15,000 for the Services with an option to increase the budget to a maximum of US$45,000 total over the 12-month term. The Oregon Agreement is subject to TSX Venture Exchange acceptance.
Anthony Milewski, who is arms-length to the Company, is the principal of Oregon and will be responsible for all activities related to Oregon and the services it provides under the Oregon Agreement. Oregon currently has no direct or indirect interest in the securities of the Company, or any right or intent to acquire such an interest.
Oregon is a privately held firm specializing in market research, reporting and enhancing client's visibility. The firm is headquartered in Delaware and serves clients across a range of industries, with a focus on critical minerals and energy intelligence.
About Golden Cross Resources
Golden Cross Resources (TSXV: AUX) (OTCQB: ZCRMF) is a Canadian mineral exploration company focused on advancing its high-grade Reedy Creek gold project in Victoria, Australia. Located just 10 km from Southern Cross Gold's Sunday Creek discovery, the project covers two contiguous tenements in one of Australia's most active epizonal gold corridors.
For more information:
Matt Roma, Director & CEO
+1-778-736-3356
info@goldencrossresources.com
Additional information about Golden Cross can be found on its website: www.goldencrossresources.com and at www.sedarplus.ca.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation relating plans for future exploration and drilling and the timing of same, the merits of the Company's mineral projects and other plans of the Company, including statements relating to the use of proceeds and completion of the Offering. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "encouraging", "expects", "plans", "anticipates", "believes", "interpret", "intends", "estimates", "projects", "aims", "suggests", "often", "target", "future", "likely", "pending", "potential", "goal", "objective", "prospective", "possibly", "preliminary" and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur, or other statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and that such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Factors that could cause future results to differ materially from those anticipated in forward-looking statements include risks associated with exploration and drilling; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; possible accidents; the possibility that the Company may not be able to secure permitting and other governmental approvals necessary to carry out the Company's plans; the risk that the Company will not be able to raise sufficient funds to carry out its business plans; the possibility that future exploration results will not be consistent with the Company's expectations; increases in costs; environmental compliance and changes in environmental and other local legislation and regulation; interest rate other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors and exchange rate fluctuations; changes in economic and political conditions; and other risks involved in the mineral exploration industry. The reader is urged to refer to the Company's Management's Discussion and Analysis, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of risk factors and their potential effects.
Forward-looking statements are based on a number of assumptions, including management's assumptions about the following: the availability of financing for the Company's exploration activities; operating and exploration costs; the Company's ability to attract and retain skilled staff; timing of the receipt of necessary regulatory and governmental approvals; market competition; and general business and economic conditions. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265083
SOURCE: Golden Cross Resources Inc.
