Why Victoria’s Next High-Grade Gold Discovery Could Be at Golden Cross (AUX): New Intercepts Strengthen District-Scale Fosterville Thesis

Posted on behalf Golden Cross Resources inc. - (TSXV: AUX | OTCQB: ZCRMF) continues to strengthen the case for a district-scale, Fosterville-style gold system at its 445 km² Reedy Creek Project in Victoria, Australia—just 10 km from Southern Cross Gold’s Sunday Creek discovery.

Latest drilling across three key prospects reinforces the scale thesis:

• Aurora: 7.0m @ 1.24 g/t Au from 69m, including 1.0m @ 5.82 g/t Au

• Welcome Reef: 2.7m @ 1.19 g/t Au from 378m, including 0.7m @ 3.65 g/t Au

• Empress Reef: 5.55m @ 0.66 g/t Au, including 0.6m @ 2.75 g/t Au

Why it matters:

• Visible stibnite at Empress confirms arsenic-antimony zonation—a key

• ⁠pathfinder for high-grade “Fosterville-style” systems

• Consistent mineralization across Aurora, Welcome Reef, and Empress supports a broader district-scale opportunity

• Shallow high-grade hits at Aurora suggest proximity to stronger mineralized shoots at depth

Management sees the structural model continuing to validate:

Repeatable geological signatures, shear-hosted mineralization, tension vein sets, and pathfinder elements are increasingly aligning with the characteristics of Victoria’s major high-grade gold systems.

What comes next:

• Pilot IP and magnetic surveys underway at Aurora

• LiDAR scanning of historic workings helping refine vein geometry

• Phase 2 drilling resumes in late April targeting deeper shear zones and tension veins below historic workings

The focus now shifts to the “hotter” core of the system—where grades and widths are expected to improve.

With shallow high-grade intercepts, strong structural confirmation, and deeper drilling about to begin, Golden Cross is moving beyond early-stage exploration and toward what could become a significant high-grade discovery story in Victoria.