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Golden Cross Resources ( (TSE:AUX) ) has shared an update.
Golden Cross Resources has secured an application for an Exploration Licence (EL008779) that adds 305 km² to its holdings in Victoria, Australia, expanding its total land to over 750 km². This strategic move enhances their exploration potential in the prolific Lachlan Fold Belt, known for gold deposits, and supports their growth strategy by consolidating strike extensions for initial drill testing. Additionally, Golden Cross has entered into a marketing services agreement with Oregon Group to enhance media dissemination and content creation, with a budget of up to US$45,000 over 12 months.
More about Golden Cross Resources
Golden Cross Resources operates in the mining industry, focusing on the exploration and development of gold projects. The company is primarily engaged in identifying and expanding high-quality exploration targets, particularly in regions known for gold mineralization, such as Victoria’s Lachlan Fold Belt.
Average Trading Volume: 578,234
Technical Sentiment Signal: Buy
Current Market Cap: C$62.63M
Learn more about AUX stock on TipRanks’ Stock Analysis page.