Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Golden Cross Resources ( (TSE:AUX) ) has shared an announcement.
Golden Cross Resources has announced advancements in its exploration efforts at the Reedy Creek Gold Project, located in Victoria’s Lachlan Fold Belt. Historical drilling has revealed high-grade gold intercepts, and recent soil geochemical sampling has identified a significant gold-in-soil anomaly. The company plans to use modern structural, geochemical, and geological tools to further explore and define the potential high-grade gold system, with a strategy similar to the successful approach used by Southern Cross Gold at Sunday Creek. This development could significantly impact the company’s operations and industry positioning, offering promising prospects for stakeholders.
More about Golden Cross Resources
Golden Cross Resources Corp is a company focused on high-grade gold exploration, particularly at the historic Reedy Creek Goldfield in Victoria, Australia. The company employs modern exploration techniques to target known gold mineralization, leveraging a proven structural model to enhance its exploration efforts.
Average Trading Volume: 141,610
Technical Sentiment Signal: Buy
Current Market Cap: C$20.52M
See more insights into AUX stock on TipRanks’ Stock Analysis page.