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Golden Cross Resources ( (TSE:AUX) ) has shared an announcement.
Golden Cross Resources has commenced its first-ever drilling operations at the Shepherd’s Hill and Welcome Reef gold prospects, historically known for artisanal mining. This initiative marks a significant step in modern exploration, aiming to uncover the true potential of these sites. The drilling at Shepherd’s Hill has already intercepted promising quartz reefs, while the Welcome Reef, with its rich history of gold production, is set for modern exploration for the first time. These efforts could significantly impact the company’s operations by potentially increasing gold reserves and enhancing its position in the mining industry.
More about Golden Cross Resources
Golden Cross Resources is a mining company focused on exploring and developing gold prospects. The company operates primarily in historically rich goldfields, utilizing modern exploration techniques to unlock potential resources.
YTD Price Performance: 505.84%
Average Trading Volume: 491,835
Technical Sentiment Signal: Buy
Current Market Cap: C$59.32M
For detailed information about AUX stock, go to TipRanks’ Stock Analysis page.