Crossroads Gold Identifies New Potential Drill Targets and Reports High-Grade Gold-in-Soil Results of up to 24.6 g/t Gold at Pambula in Australia
Crossroads plans maiden drilling at Pambula following high-grade soil assays, with execution risk remaining.
Crossroads Gold Corp. (CRG) reported continued high-grade gold-in-soil results from its 2026 exploration program at the Pambula Gold Project in New South Wales, Australia. Assays reached up to 24.6 g/t Au, consistent with previous announcements in July and September 2026.
The company identified the Hidden Treasure North Zone as a new high-priority target, alongside the previously known Hidden Treasure Zone. LiDAR survey data integration revealed 122 adits, 115 shafts, and hundreds of prospecting pits, helping to refine structural models and prioritize drill targets.
Management plans to conduct maiden drilling at the undrilled Hidden Treasure Zone, utilizing existing Pilot Fissure drill sites to work west to east. The focus is on testing the projected convergence of the Hidden Treasure and Pilot Fault zones at depth, which management believes could yield wider veins and higher-grade mineralization.
Crossroads Gold Corp. (CRG) issued a routine progress update on its ongoing soil sampling program, confirming that the initiative is generating more drill targets than initially planned. The company highlighted a reported 24.6 g/t Au soil assay, a result that was first disclosed in a July 28, 2026 release and reiterated on September 3, 2026.
On September 3, the company also announced DTC eligibility for U.S. trading, a structural change intended to improve liquidity. The market has already priced in the exploration narrative, and without actual drill intercepts, soil geochemistry remains speculative. This announcement aligns with the company's stated 2026 work plan and is viewed as incremental rather than a material positive surprise.
Crossroads Gold Corp. (CRG) is a Canadian corporation focused on southeastern Australia, operating within the Lachlan Fold Belt, a proven gold-producing region. The company’s flagship asset is the Pambula Gold Project in New South Wales, which has a historic production of approximately 45,200 ounces of gold at recovered grades of around 30 grams per tonne. Only 32 historical drill holes exist at the site, with no modern drilling conducted below 230 meters of vertical depth, leaving the project largely underexplored by modern techniques.
The company also holds the Steiglitz Gold Project in Victoria, which has a historic production of approximately 250,800 ounces of gold at 38 grams per tonne. This asset targets high-grade gold-antimony-arsenic quartz veins. Additional assets include Club Terrace and Pheasant Creek, both located in Victoria and currently in early exploration or licensing stages. The company is entirely pre-revenue and dependent on equity financing to fund its exploration activities.