01:47:31 EST Sat 07 Feb 2026
Enter Symbol
or Name
USA
CA



Golden Cross Resources Inc
Symbol AUX
Shares Issued 65,009,537
Close 2025-09-04 C$ 0.80
Market Cap C$ 52,007,630
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Golden Cross applies for exploration licence at Welcome

2025-09-04 17:36 ET - News Release

Mr. Matt Roma reports

GOLDEN CROSS RESOURCES SECURES APPLICATION OVER STRATEGIC STRIKE EXPANSION AT WELCOME & TI TREE GOLD PROJECTS, VICTORIA

Golden Cross Resources has lodged an application for exploration licence EL008779, securing an additional 305 square kilometres 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 square km in the region.

The expanded landholding consolidates strike extensions of Golden Cross's initial drill testing of regional targets, complementing continuing work across the Reedy Creek gold project at several key prospective targets.

Key prospective trends included in the application:

  • Providence trend -- eight km strike;
  • Homewood trend -- nine km strike;
  • Ti Tree trend -- 11 km strike;
  • Welcome trend -- 18 km strike.

Providence

Gold mineralization at the Providence area occurs in west-dipping quartz veins, shear zones and fault breccias within a weakly mineralized 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 kilograms (30,000 ounces) of gold.

Homewood

Rock chip sampling of the workings along the Homewood trend by CRA in the late 1970s yielded peak gold assays of 4.4 and 2.45 grams per tonne Au (gold).

Welcome and 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 240 metres with recorded production of 1,200 ounces of gold averaging 45 grams per tonne. The Old Mans Hope Reef averaged 15 g/t gold. Mineralization 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.

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, vice-president of 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."

Marketing services agreement

The company also announces that it has entered into a marketing services agreement with the Oregon Group. The scope of services to be provided by Oregon include written content and media dissemination.

The agreement with Oregon has a term of 12 months, commencing Sept. 3, 2025, under which the company will pay Oregon $15,000 (U.S.) for the services with an option to increase the budget to a maximum of $45,000 (U.S.) total over the 12-month term. The Oregon agreement is subject to TSX Venture Exchange acceptance.

Anthony Milewski, who is arm's 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 Inc.

Golden Cross Resources 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.

We seek Safe Harbor.

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