Golden Cross Resources Secures Application over Strategic Strike Expansion at Welcome & Ti Tree Gold Projects, Victoria Application EL008779 covers an additional 46km of strike along several highly prospective anticlines
Golden Cross Resources Secures Application
over Strategic Strike Expansion at Welcome &
Ti Tree Gold Projects, Victoria
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
305km
2
to the company's land holdings. Now totalling over
750km
2
.
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 gold
1
.
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 Au
2
.
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/t
3
. The Old Mans Hope Reef averaged 15 g/t gold
4
.
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 shales
5
.
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
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.
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