Project
Golden Cross has acquired the Reedy Creek and Providence tenements in Victoria, Australia
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The land package is comprised of two tenements covering an area of 445 square km located approximately 10 km northeast of Southern Cross’ Sunday Creek discovery in central Victoria, Australia.
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Includes the historic Reedy Creek goldfield and Welcome Reef / Providence project.
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Exploration to date has identified potential for epizonal gold mineralization akin to the Fosterville and Costerfield operating mines, to the west and Southern Cross (TSXV: SXGC) Sunday Creek discovery.
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Several drilling campaigns have been conducted historically, with high-grade gold intersected in multiple holes. Past drilling includes 11m at 31.4 g/t gold and 2m at 174.42 g/t gold *
*Refers to Fosterville South Exploration news release dated April 27, 2022 (link here)
Exploration History
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Limited modern exploration: Drilling by Great Pacific Resources (TSXV: GPAC) between 2021 – 2024 returned significant gold mineralization along a recently defined NW-SE gold-in-soil geochemical anomaly.
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Modern-day exploration methods will better define the structural, geochemical and lithological controls on gold mineralization at a regional scale.
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Similarities to other nearby goldfields: mineralisation associated with an axial zone of north to northwest trending anticlinal structures, focusing on zones of increasing structural complexity.
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Recent soil geochemical sampling has defined a NW-SE trending anomaly ~3km long that runs parallel to the 7 km long anticline.
Exploration Plan
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Detailed structural mapping where previous drilling intersected high-grade gold mineralization (completed).
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Acquisition of LiDAR survey data for the northern part of the land package (EL007052).
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Phase 1 Diamond Drilling: The program, focused on testing three ladders, will aid in developing a mineralization and structural controls model and form the basis of a larger exploration model.
