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Golden Cross Resources - Exploration Update: Reedy Creek Project, Australia, Early Drilling & Resampling Results
Manage episode 512380583 series 3374176
In this KE Report Company Update, Matt Roma, CEO of Golden Cross Resources (TSX.V:AUX – OTCQB:ZCRMF – FSE:ZMLO), joins us to discuss the company’s ongoing exploration at the Reedy Creek Gold Project in Victoria, Australia. Golden Cross recently completed its Phase 1 drill program and has already launched a fully funded 10,000-meter Phase 2 program with two rigs turning.
Key Discussion HighlightsPhase 1 Drilling Recap
- Completed ~2,300 meters across the Reedy Creek Goldfield and Prince Of Wales target; results released from the first 3 holes.
- Best intercept to date: 11 meters at just over 2 g/t gold.
- Approximately 1,900 meters of assays still pending, expected over the coming months.
Phase 2 Program – 10,000 Meters Underway
- Dual rigs testing multiple targets across the Reedy Creek Goldfield, including Welcome Reef, a historic high-grade field recently opened for modern exploration.
- Program designed to vector toward feeder structures using pathfinder minerals like arsenic, stibnite, and antimony.
Geological & Exploration Insights
- Arsenic halos near surface and stibnite (antimony) at depth mirror mineral signatures from nearby deposits like Costerfield and Fosterville mines.
Financial & Operational Overview
- Treasury stands at ~C$5 million, fully funded drill program.
- All-in drill costs: approximately C$230 per meter.
Click here to visit the Golden Cross Resources website.
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For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment Disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
592 episodes
Manage episode 512380583 series 3374176
In this KE Report Company Update, Matt Roma, CEO of Golden Cross Resources (TSX.V:AUX – OTCQB:ZCRMF – FSE:ZMLO), joins us to discuss the company’s ongoing exploration at the Reedy Creek Gold Project in Victoria, Australia. Golden Cross recently completed its Phase 1 drill program and has already launched a fully funded 10,000-meter Phase 2 program with two rigs turning.
Key Discussion HighlightsPhase 1 Drilling Recap
- Completed ~2,300 meters across the Reedy Creek Goldfield and Prince Of Wales target; results released from the first 3 holes.
- Best intercept to date: 11 meters at just over 2 g/t gold.
- Approximately 1,900 meters of assays still pending, expected over the coming months.
Phase 2 Program – 10,000 Meters Underway
- Dual rigs testing multiple targets across the Reedy Creek Goldfield, including Welcome Reef, a historic high-grade field recently opened for modern exploration.
- Program designed to vector toward feeder structures using pathfinder minerals like arsenic, stibnite, and antimony.
Geological & Exploration Insights
- Arsenic halos near surface and stibnite (antimony) at depth mirror mineral signatures from nearby deposits like Costerfield and Fosterville mines.
Financial & Operational Overview
- Treasury stands at ~C$5 million, fully funded drill program.
- All-in drill costs: approximately C$230 per meter.
Click here to visit the Golden Cross Resources website.
----------
For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment Disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
592 episodes
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