Mike Fagan,
Editor
June 10, 2025
Golden Cross Resources Corp. (TSX-V: AUX)(OTC: ZCRMD) — currently trading around C$0.42 per share in a near record gold market — has commenced its inaugural 6,000-meter diamond drill program at the Reedy Creek Gold Project in Victoria’s prolific Lachlan Fold Belt.
The flagship project is situated just 10 km northeast of and is geologically contiguous to Southern Cross Gold Consolidated’s (TSX-V: SXGC) world-class Sunday Creek discovery.
Exploration to-date at Reedy Creek has identified potential for epizonal gold mineralization akin to the Fosterville (considered the largest gold producer in Victoria, Australia, at over 4.4 Moz Au produced to-date) and Costerfield operating mines to the west (see below):
Golden Cross’s (“AUX”) Phase-1, 6,000-meter drill program at Reedy Creek will include 2,000 meters across 15 shallow drill holes at two primary targets — Prince of Wales and Wieneroider Ridge — within the historic Reedy Creek Goldfield.
Those initial targets were selected using a combination of modern structural mapping, LiDAR surveys, and a review of historical high-grade drill data.
Significant historical intercepts at Reedy Creek include:
- 2.0 meters @ 174.4 g/t Au
- 11.0 meters @ 31.4 g/t Au
- 0.7 meters @ 239.64 g/t Au
- 0.8 meters @ 21.7 g/t Au
Despite those impressive gold grades, historical drilling was limited in depth and not systematically followed up, leaving much of the system at Reedy Creek untested.
Golden Cross Resources CEO Matthew Roma — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the start of drilling at Reedy Creek via press release:
“With drilling having commenced at Reedy Creek, our focus is to develop a deeper understanding of the structural controls on mineralization as we look to expand our drilling program. We expect to announce initial drill results later this summer.”
Golden Cross (“AUX”) is now applying modern exploration techniques to uncover the scale, continuity, and true geometry of the mineralized system — using the same “Testing the Ladder” strategy that led to Southern Cross Gold’s Sunday Creek breakthrough.
The approach targets steeply dipping high-grade quartz veins connected by halos of lower-grade mineralization, often resulting in multiple vein intercepts from a single deep drill hole.
Supporting the AUX team’s confidence in the exploration model is a newly outlined ~3 km long gold-in-soil anomaly running parallel to a regional anticline — a structural feature commonly associated with gold-bearing ladder vein systems in epizonal deposits.
The anomaly aligns with mapped folding and faulting and is further supported by over 1,350 historical mine workings identified in the company’s LiDAR dataset, many of which follow quartz vein trends hosting high-grade gold.
The current 2,000-meter phase is designed to validate and expand mineralization at shallow levels while refining the geological model.
An additional 4,000 meters of fully funded follow-up drilling will target extensions of known structures and deeper untested zones. Based on early success, AUX may consider mobilizing additional rigs later in 2025.
With drills turning, historical high-grade intercepts, and structural targets that mirror the setup at Sunday Creek, AUX’s flagship Reedy Creek project represents a timely and high-impact gold discovery opportunity.
For speculators seeking leverage to gold in a highly bullish environment above US$3,300/oz, Golden Cross Resources — at a current sub-C$25M market cap — offers significant potential upside as this underexplored system is tested at-depth for the first time.
Now as promised, our own Gerardo Del Real of Junior Resource Monthly caught up with Golden Cross Resources CEO Matthew Roma for a deeper look at the Phase-1 drill program newly underway at Reedy Creek. Please enjoy!
For additional information on Vancouver-based Golden Cross Resources, be sure to contact the company’s IR department at 778-726-3356 or via email at info@goldencrossresources.com.
Sign up to receive updates directly from Golden Cross Resources here. View the most recent Corporate Presentation here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Click here to see more from Golden Cross Resources
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