Northwire Canada EditionFriday, July 10, 2026
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Drill Results Routine +

Crossroads Gold Identifies Strong Gold-Antimony Soil Anomalies Including Gold-In-Soil Values up to 4.5 g/t Au at Steiglitz Gold Project in Victoria, Australia

Maiden Program Results Validate Steiglitz District Potential

By The Northwire Desk — AI Analysis May 14, 2026 · 08:01 CRG · 0.2 Crossroads Gold Corp.
Executive Summary
  • Crossroads Gold Corp. announced high-grade gold-in-soil results from its maiden 2026 field program at the Steiglitz Gold Project in Victoria, Australia.
  • Maximum assay value identified is 4.5 g/t Au (4,500 ppb) over a 200m x 150m area near the Hanover No. 2 Mine Area.
  • Geochemical correlation observed between gold, antimony, and arsenic mineralization along the Hanover Fault Zone.
  • Preliminary portable XRF analysis shows a continuous corridor of arsenic (up to 648 ppm) and antimony (up to 65 ppm) for 900m.
  • 17 samples exceeded 100 ppb Au, forming discrete zones.
  • 153 additional soil assays are pending; follow-up sampling planned for North Hanover mine area.
  • Mapping and rock chip sampling underway to refine drill targets for Q2 2026.
  • Historical context notes Steiglitz produced ~250,000 ounces of gold at 38 g/t Au between 1855 and 1911.
Material Impact
  • The news represents the first batch of results from the maiden program announced on March 31, 2026, making it an expected incremental update rather than a surprise event.
  • While 4.5 g/t Au in soil is exceptionally strong for surface geochemistry, it does not confirm economic mineralization without drilling; therefore, it remains within the realm of exploration progress rather than resource definition.
  • The stock price had already bottomed out at $0.17 on May 8-11 prior to this release, suggesting some market anticipation or that the risk was priced in during the downtrend from the March listing high of $0.27.
  • The acquisition of Rox-ex (April 29) added Pambula and Club Terrace projects but involved share issuance (2 million shares), which adds dilution pressure; this news does not offset that dilution immediately without drilling confirmation.
  • Comparison to regional deposits like Fosterville is speculative until drill intercepts match the geochemical signature, limiting immediate material upside despite the strong soil grades.
CRG · Price
Company Overview
  • Company: Crossroads Gold Corp. (TSXV: CRG, OTCQB: CRGCF, FSE: FI1).
  • Flagship Project: Steiglitz Gold Project, Victoria, Australia (~80 km west of Melbourne).
  • Project Status: Exploration Licence EL6164 covers 53 km²; maiden field program commenced March 2026.
  • Geology: Located in the historic Bendigo Gold Belt; interpreted as a potential large-scale epizonal gold-antimony system similar to Fosterville Mine (Agnico-Eagle).
  • Historical Production: ~250,800 ounces of gold at an average grade of 38 g/t from shallow mining (1855–1911).
  • Secondary Projects: Pambula Gold Project (NSW) and Club Terrace Project (Victoria) acquired via Rox-ex agreement; Pheasant Creek application pending.
Read the original news release →

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