Golden Cross Resources Secures Application over Strategic Strike Expansion at Welcome & Ti Tree Gold Projects, Victoria
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) ha presentato domanda per la Licenza di Esplorazione EL008779, ottenendo ulteriori 305 km² di terreno promettente nello Lachlan Fold Belt del Victoria, Australia. La nuova licenza copre 46 km di sviluppo lungo diverse anticlinali chiave con mineralizzazioni aurifere note, portando l'estensione totale della società a oltre 750 km².
L'espansione include quattro tendenze prospettiche principali: Providence (8 km di sviluppo), Homewood (9 km di sviluppo), Ti Tree (11 km di sviluppo) e Welcome (18 km di sviluppo). L'attività mineraria storica a Providence ha prodotto oltre 30.000 oz d'oro, mentre il Welcome Reef è stato sfruttato fino a una profondità di 240 m con una produzione registrata di 1.200 oz a una media di 45 g/t d'oro.
Inoltre, la società ha incaricato Oregon Group per servizi di marketing con un accordo di 12 mesi del valore di US$15.000, con opzione di aumento fino a US$45.000.
Golden Cross Resources (OTCQB: ZCRMF) ha presentado una solicitud para la Licencia de Exploración EL008779, asegurando otros 305 km² de terreno prospectivo en el Lachlan Fold Belt de Victoria, Australia. La nueva licencia abarca 46 km de rumbo a lo largo de varias anticlinales clave con mineralización aurífera conocida, ampliando la superficie total de la compañía a más de 750 km².
La ampliación incluye cuatro tendencias prospectivas principales: Providence (8 km de rumbo), Homewood (9 km de rumbo), Ti Tree (11 km de rumbo) y Welcome (18 km de rumbo). La minería histórica en Providence produjo más de 30.000 oz de oro, mientras que Welcome Reef se explotó hasta 240 m de profundidad con una producción registrada de 1.200 oz con un promedio de 45 g/t de oro.
Adicionalmente, la compañía ha contratado a Oregon Group para servicios de marketing en un acuerdo de 12 meses por un valor de US$15.000, con opción de aumentar a US$45.000.
Golden Cross Resources (OTCQB: ZCRMF)는 탐사면허 EL008779를 신청하여 호주 빅토리아의 라클란 폴드 벨트에서 추가로 305 km²의 유망 지분을 확보했습니다. 신규 면허는 알려진 금 광화가 분포하는 주요 안티클라인을 따라 46 km의 주향을 포함하며, 회사의 총 보유 면적은 750 km² 이상으로 확대되었습니다.
확장 구간에는 네 개의 주요 유망 트렌드가 포함됩니다: Providence(주향 8 km), Homewood(주향 9 km), Ti Tree(주향 11 km), Welcome(주향 18 km). Providence의 과거 광산 운영으로는 30,000 oz 이상의 금이 산출되었고, Welcome Reef는 깊이 240m까지 채굴되어 기록상 평균 45 g/t의 금으로 1,200 oz가 생산되었습니다.
또한, 회사는 Oregon Group과 12개월 기간의 마케팅 서비스 계약을 체결했으며 금액은 미화 15,000달러, 최대 미화 45,000달러로 증액 가능한 옵션이 포함되어 있습니다.
Golden Cross Resources (OTCQB: ZCRMF) a déposé une demande pour la licence d'exploration EL008779, obtenant ainsi 305 km² supplémentaires de terrain prospective dans le Lachlan Fold Belt du Victoria, en Australie. La nouvelle licence couvre 46 km de longueur de tracé sur plusieurs anticlinaux clés présentant une minéralisation aurifère connue, portant la surface totale de la société à plus de 750 km².
L'extension comprend quatre principaux axes prospectifs : Providence (8 km), Homewood (9 km), Ti Tree (11 km) et Welcome (18 km). L'exploitation historique à Providence a produit plus de 30 000 oz d'or, tandis que le Welcome Reef a été exploité jusqu'à 240 m de profondeur avec une production enregistrée de 1 200 oz à une moyenne de 45 g/t d'or.
De plus, la société a retenu Oregon Group pour des services marketing dans le cadre d'un contrat de 12 mois d'une valeur de 15 000 US$, avec une option d'augmentation jusqu'à 45 000 US$.
Golden Cross Resources (OTCQB: ZCRMF) hat einen Antrag für die Explorationslizenz EL008779 gestellt und damit weitere 305 km² aussichtsreiches Gebiet im Lachlan Fold Belt von Victoria, Australien, gesichert. Die neue Lizenz deckt 46 km Streichlänge über mehrere wichtige Antiklinalen mit bekannter Goldmineralisierung ab und erweitert die Gesamtfläche des Unternehmens auf über 750 km².
Die Erweiterung umfasst vier zentrale prospektive Trends: Providence (8 km Streichlänge), Homewood (9 km), Ti Tree (11 km) und Welcome (18 km). Der historische Abbau in Providence erbrachte über 30.000 oz Gold, während das Welcome Reef bis zu einer Tiefe von 240 m abgebaut wurde mit einer dokumentierten Produktion von 1.200 oz bei durchschnittlich 45 g/t Gold.
Zusätzlich hat das Unternehmen Oregon Group für Marketingdienstleistungen in einem 12-monatigen Vertrag im Wert von US$15.000 beauftragt, mit einer Option auf Erhöhung auf US$45.000.
- Strategic expansion of land holdings by 305 km² to over 750 km² total
- Historical high-grade gold production with Welcome Reef averaging 45 g/t gold
- Significant historical yield of 30,000 oz gold from Providence area
- Location in prolific Lachlan Fold Belt, known for orogenic gold deposits
- Marketing services agreement will increase operational expenses
- Exploration license still pending approval
- 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
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.
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FAQ
What is the size of Golden Cross Resources' new exploration license application EL008779?
What was the historical gold production at the Providence area within ZCRMF's new territory?
What are the terms of Golden Cross Resources' marketing agreement with Oregon Group?
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How large is Golden Cross Resources' total land holding after the new application?
