Crossroads Gold Defines District-Scale Hydrothermal Gold System and Identifies Multiple Untested Targets at Pambula Gold Project

Crossroads Gold Corp. (CRG) released a geological reinterpretation and exploration update for its Pambula Gold Project in New South Wales, Australia. The review compiles historical data, identifying broad, continuous gold mineralization at depth and multiple untested deep structural targets. Historical production exceeded 40,000 oz at ~30 g/t Au, but only 32 historical drill holes (2,515m total) tested the field, with the deepest reaching 271m and no drilling below 230m vertical depth.

A high-priority deep feeder-zone target is identified at ~250-300m depth for planned second-round drilling. Five additional district-scale targets were identified: PRC32 magnetic anomaly, Hidden Treasure, Morning Star, Diorite structures, and Southern Yowaka corridor. The company plans to integrate data into modern GIS and 3D models to guide deeper drill testing and systematic reassays for silver, antimony, and gold-pathfinder elements.

The Qualified Person is the CEO & Director, who is not independent per NI 43-101. Historical data is conceptual and not classified as current resources or reserves.

Crossroads Gold Corp. (CRG) released this update as a direct follow-up to the May 28 closing of the Rox-ex acquisition and the June 10 initial soil sampling results. The announcement provides strategic direction for the Pambula project but does not introduce new drill results, resource estimates, or financial updates. The identification of deep targets and plans for 3D modeling represent expected steps in a maiden exploration program following the acquisition.

Crossroads Gold Corp. is a Canadian gold exploration company focused on southeast Australia, a Tier-1 jurisdiction. The company’s portfolio includes the Pambula Project in New South Wales (81 km², historic ~45,200 oz Au), the Steiglitz Project in Victoria (53 km², historic ~250,800 oz Au at 38 g/t), the Club Terrace Project in Victoria (126 km²), and the Pheasant Creek Project in Victoria (232 km², adjacent to Southern Cross's Sunday Creek discovery).

The Steiglitz and Pambula projects are the primary near-term focuses. Steiglitz offers high historical grades and proximity to major producers like Fosterville. Pambula presents a district-scale epithermal system with significant depth potential. Management is led by CEO Rex Motton, who has deep Australian exploration experience. The company is backed by the Fiore Group.