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Golden Cross Resources ( (TSE:AUX) ) just unveiled an announcement.
Golden Cross Resources has confirmed high-grade gold mineralization at its Reedy Creek project in Victoria, Australia, with initial assay results showing promising intercepts. The discovery of geological features consistent with world-class gold systems, such as those at Fosterville, suggests significant potential for a Victorian-style gold deposit. The company’s de-risked exploration model, supported by structural and geochemical data, aims to enhance discovery efficiency and reduce costs. With a fully funded Phase 2 drilling program underway, Golden Cross is poised to further explore and potentially expand its gold resources, which could positively impact its market positioning and stakeholder value.
More about Golden Cross Resources
Golden Cross Resources operates in the mining industry, focusing on the exploration and development of gold mineralization projects. The company is primarily engaged in identifying and extracting high-grade gold deposits, with a market focus on orogenic gold systems similar to those found in Victoria, Australia.
YTD Price Performance: 403.65%
Average Trading Volume: 685,599
Technical Sentiment Signal: Buy
Current Market Cap: C$51.39M
For an in-depth examination of AUX stock, go to TipRanks’ Overview page.