Golden Cross starts drilling at Shepherd's Hill

Executive Summary

• Golden Cross Resources has commenced its first modern drilling program at the historic Shepherd’s Hill prospect, completing over 900 m of a planned 2,000 m program across five holes.
• The company secured a key land‑access agreement for the Welcome Reef goldfield, enabling surface mapping, geophysics and future drilling on a historically high‑grade district that produced ~9,000 oz Au (≈25 g/t) in the late 1800s.
• A three‑month marketing services agreement with Resource Stock Digest was signed for US$200,000 cash consideration to promote the company’s exploration story.

Key Details

• Shepherd’s Hill drilling: 2,000 m total program across five holes; >900 m already drilled; assays expected Q4 2025; early core shows quartz‑sulphide reefs with shears and tension veins indicating structural control on gold mineralisation.
• Welcome Reef access: New land‑access agreement permits surface mapping, geophysical surveys and future drilling; historic production of ~9,000 oz Au from 10,500 t at 25 g/t between 1874–1891.
• Reedy Creek project total drilling: 2,242 m completed to date across the project (assays pending).
• Marketing services agreement: Resource Stock Digest (RSD) engaged for a three‑month promotional campaign; cash fee US$200,000 payable upon exchange approval; no performance‑based compensation or equity issuance.
• Management comment (CEO Matthew Roma): Emphasised parallel opportunities at Shepherd’s Hill and Welcome Reef, highlighting the potential to expand Victorian gold resources.

Notable Quotes

“With the access agreement at Welcome Reef now secured, we have two parallel opportunities: advancing a brand‑new discovery at Shepherd's Hill and applying modern exploration techniques to a historically proven goldfield… this combination … underpins the scale of our Victorian opportunity.” – Matthew Roma, CEO, Golden Cross Resources.