Golden Cross Resources Launches First-Ever Drilling at Shepherd's Hill and Welcome Reef Gold Prospects

Core Viewpoint - Golden Cross Resources has initiated drilling at the Shepherd's Hill Prospect and secured an access agreement for the Welcome Reef Goldfield, both of which have a rich history of artisanal mining and high-grade gold production, marking the first modern exploration of these historic goldfields [1][6][12]. Group 1: Shepherd's Hill Prospect - The Shepherd's Hill Prospect is a high-grade gold area within the 100%-owned Reedy Creek Project, featuring quartz-sulphide reefs that have never been drilled before [2][5]. - The current drilling program consists of 2,000 meters across five holes, with over 900 meters already completed, and assay results expected in Q4 2025 [2][3]. - Initial drilling has successfully intercepted targeted quartz reefs, revealing structural indicators that provide insights into gold mineralization mechanisms, which will guide future drilling [3][12]. Group 2: Welcome Reef Goldfield - The Welcome Reef Goldfield has a historical production of over 9,000 ounces of gold at an average grade of 25 grams per tonne, with indications that widths and grades improve at depth [5][10]. - Golden Cross is the first company to secure land access for modern exploration at Welcome Reef, which has never been drilled before despite its rich history [6][10]. - The area is historically significant, linked to prospector Louis Ah Mouy, whose success contributed to the establishment of Westpac Bank, highlighting the economic impact of discoveries in this region [11][12]. Group 3: Company Strategy and Future Plans - With the access agreement at Welcome Reef secured, the company aims to advance exploration at both Shepherd's Hill and Welcome Reef, leveraging modern techniques to unlock the potential of these historic sites [13][12]. - The company has completed a total of 2,242 meters of drilling across the Reedy Creek Project, with assays still pending, indicating ongoing exploration efforts [13].