Golden Cross applies for exploration licence at Welcome

Executive Summary

• Golden Cross Resources lodged an application for exploration licence EL008779, adding 305 km² (bringing total footprint to >750 km²) in Victoria’s Lachlan Fold Belt.
• The new licence secures ~46 km of strike across four key trends (Providence, Homewood, Ti Tree, Welcome), enhancing the Reedy Creek gold project and positioning the company adjacent to Southern Cross Gold’s Sunday Creek discovery.
• The company entered a 12‑month marketing services agreement with Oregon Group for up to US$45,000 in content and media dissemination support.

Key Details

• Licence Application: Exploration licence EL008779 covering 305 km²; total landholding now >750 km² in the Lachlan Fold Belt, a prolific orogenic gold region.
• Strike Coverage: Approximately 46 km of strike secured across four trends: Providence (8 km), Home‑wood (9 km), Ti Tree (11 km), Welcome (18 km).
• Historical Production Highlights:
• Providence – historic mines (1859‑1888) produced >930 kg (≈30,000 oz) gold.
• Welcome Reef – mined to >240 m depth, yielded ~1,200 oz at 45 g/t Au; Old Mans Hope Reef averaged 15 g/t Au.
• Exploration Context: Expansion consolidates strike extensions of earlier drill testing and supports ongoing work on the Reedy Creek project.
• Strategic Positioning: Landholding now directly adjacent to Southern Cross Gold’s Sunday Creek discovery, creating potential for future joint‑venture or acquisition interest.
• Management Commentary: VP Exploration Alan Till highlighted the anticlinal fold trends and upcoming mapping and drill testing of underexplored targets such as Welcome Reef and historic Ah Mouy mine.
• Marketing Services Agreement:
• Partner: Oregon Group (Delaware‑based market research firm).
• Term: 12 months starting 2025‑09‑03; payable up to US$45,000 (initial $15,000).
• Scope: Written content and media dissemination for Golden Cross.
• Subject to TSX Venture Exchange acceptance; Oregon has no securities interest in the company.

Notable Quotes

• “Our prospects demonstrate gold mineralization closely linked to the region's major anticlinal fold trends… we are entering an exciting growth phase as we advance mapping and initial drill testing of several underexplored targets.” – Alan Till, Vice‑President Exploration