Golden Cross Resources - Exploration Update: Reedy Creek Project, Australia, Early Drilling & Resampling Results
Description
In this KE Report Company Update, Matt Roma, CEO of Golden Cross Resources (TSX.V:AUX – OTCQB:ZCRMF – FSE:ZMLO), joins us to discuss the company’s ongoing exploration at the Reedy Creek Gold Project in Victoria, Australia. Golden Cross recently completed its Phase 1 drill program and has already launched a fully funded 10,000-meter Phase 2 program with two rigs turning.
Key Discussion Highlights
Phase 1 Drilling Recap
- Completed ~2,300 meters across the Reedy Creek Goldfield and Prince Of Wales target; results released from the first 3 holes.
- Best intercept to date: 11 meters at just over 2 g/t gold.
- Approximately 1,900 meters of assays still pending, expected over the coming months.
Phase 2 Program – 10,000 Meters Underway
- Dual rigs testing multiple targets across the Reedy Creek Goldfield, including Welcome Reef, a historic high-grade field recently opened for modern exploration.
- Program designed to vector toward feeder structures using pathfinder minerals like arsenic, stibnite, and antimony.
Geological & Exploration Insights
- Arsenic halos near surface and stibnite (antimony) at depth mirror mineral signatures from nearby deposits like Costerfield and Fosterville mines.
Financial & Operational Overview
- Treasury stands at ~C$5 million, fully funded drill program.
- All-in drill costs: approximately C$230 per meter.
Click here to visit the Golden Cross Resources website.
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