Golden Cross Resources Secures Application over Strategic Strike Expansion at Welcome & Ti Tree Gold Projects, Victoria

Core Viewpoint - Golden Cross Resources has secured an application for Exploration Licence EL008779, expanding its land holdings by 305 km² in Victoria's Lachlan Fold Belt, enhancing its strategic position in gold exploration [2][3][5]. Group 1: Expansion of Land Holdings - The new licence covers approximately 46 km of strike across several key anticlines known for gold mineralization, increasing the company's total land position to over 750 km² in the region [3][5]. - The application consolidates potential strike extensions ahead of initial drill testing of regional targets, particularly in the Reedy Creek Gold Project [3][5]. Group 2: Key Prospective Trends - The application includes several significant trends: Providence Trend (8 km strike), Homewood Trend (9 km strike), Ti Tree Trend (11 km strike), and Welcome Trend (18 km strike) [6][10]. - Historical data indicates that the Providence area yielded over 930 kg (30,000 oz) of gold from 1859 to 1888, while the Welcome Reef produced 1,200 oz of gold averaging 45 g/t [7][9]. Group 3: Strategic Importance - The new application is a crucial step in Golden Cross's strategy to build a pipeline of high-quality exploration targets, particularly adjacent to Southern Cross Gold's Sunday Creek discovery [10][11]. - Management emphasizes the link between gold mineralization and the region's major anticlinal fold trends, indicating a growth phase with ongoing mapping and initial drill testing [11]. Group 4: Marketing Services Agreement - The company has entered into a marketing services agreement with the Oregon Group for a term of 12 months, with a budget starting at US$15,000 and an option to increase to US$45,000 [14][15]. - Oregon specializes in market research and enhancing client visibility, focusing on critical minerals and energy intelligence [17]. Group 5: Company Overview - Golden Cross Resources is a Canadian mineral exploration company focused on advancing its high-grade Reedy Creek gold project in Victoria, Australia, located near Southern Cross Gold's Sunday Creek discovery [18].