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Golden Cross Resources (OTCQB: ZCRMF) has submitted an application for Exploration Licence EL008779, securing an additional 305 km² of prospective ground in Victoria, Australia's Lachlan Fold Belt. The new licence covers 46 km of strike across several key anticlines with known gold mineralization, expanding the company's total footprint to over 750 km².
The expansion includes four key prospective trends: Providence (8 km strike), Homewood (9 km strike), Ti Tree (11 km strike), and Welcome (18 km strike). Historical mining at Providence yielded over 30,000 oz of gold, while the Welcome Reef was worked to a depth of 240m with recorded production of 1,200 oz averaging 45 g/t gold.
Additionally, the company has engaged Oregon Group for marketing services in a 12-month agreement worth US$15,000, with an option to increase to US$45,000.
Golden Cross Resources (OTCQB: ZCRMF) has initiated its first-ever drilling program at two historic Victorian goldfields: Shepherd's Hill and Welcome Reef. At Shepherd's Hill, the company has completed over 900 meters of a 2,000-meter drilling program across five holes, with assays expected in Q4 2025.
The company has also secured a landmark access agreement at the historic Welcome Reef Goldfield, which historically produced 9,000+ ounces of gold at grades of 25 g/t Au. Welcome Reef has never been explored using modern techniques, making Golden Cross the first company to conduct contemporary exploration at this site.
To date, Golden Cross has completed 2,242 meters of drilling across the Reedy Creek Project. The company has also engaged Resource Stock Digest for a 3-month marketing program for USD $200,000.
Golden Cross Resources (OTCQB: ZCRMF) has announced the commencement of trading its common shares on the OTCQB marketplace under the symbol "ZCRMF". The company will maintain its listing on the TSX Venture Exchange under the symbol AUX, as well as its FSE listing.
CEO Matthew Roma emphasized that this US listing will provide enhanced visibility and accessibility for US investors, potentially improving stock liquidity and access to larger capital pools. The OTCQB Venture Market caters to early-stage companies that maintain current reporting standards and undergo annual verification processes.