Golden Cross Confirms System-Scale Gold Mineralization and Commences First Ever Drilling at High Priority Aurora Target

Core Insights - Golden Cross Resources has confirmed a large orogenic gold system at the Reedy Creek Project in Victoria, Australia, with gold mineralization intersected in every drillhole to date [2][5][13] - The company has commenced modern drilling at the high-priority Aurora Prospect, which is expected to yield thicker and higher-grade gold zones [3][4][9] Exploration Progress - Drilling has reached 4,000 meters across 15 diamond drillholes, with consistent gold mineralization and well-developed arsenic halos indicating the upper levels of a significant gold system [6][13] - The structural interpretation suggests increasing prospectivity at depth, aligning with characteristics observed in major Victorian gold systems like Fosterville and Costerfield [5][25][27] Aurora Prospect - The Aurora Prospect is historically significant, with artisanal mining conducted in the late 1800s, and is now the focus of modern drilling efforts [10][11] - Rock chip samples from Aurora have returned values up to 5.22 g/t Au, reinforcing its potential as a compelling drill target [4][17] Geological Insights - The geological model is being strengthened through systematic mapping and drilling, revealing parallels with other successful Victorian gold systems [23][24] - The presence of arsenic halos surrounding gold-bearing quartz veins is being utilized as a pathfinder tool to guide further exploration [22] Upcoming Developments - Assay results are pending from additional drilling at Welcome Reef and Empress Reef, which are expected to refine targeting and provide further insights into the mineralization potential [31][34] - The company plans to drill beneath historic workings at Welcome Reef, aiming to test for gold mineralization based on detailed structural mapping [34]