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Golden Cross Drills, Delivers BiglyBob Moriarty I first wrote about Golden Cross (AUX-V) back in June. The price of gold was about $3375 and as I write gold vaulted over $3800. Golden Cross was $.57 and as of last Friday had only climbed to $.69 prior to this latest news release. Sometimes I wonder what is going through the minds of investors. Golden Cross just released significant news on September 29th from the first three holes of a ten-hole Phase 1 drill program at Reedy Creek. A fully funded additional 10,000 meters of drilling is in progress for Phase 2 of this year’s program. Results were outstanding including 10.8 meters of 2.08 g/t Au including 0.5 meters of 24.4 g/t Au from 28 meters downhole. Additionally, previously untested drill core showed 23 meters of 3.01 g/t Au, 9 meters of 3.64 g/t Au and 10 meters of 2.81 g/t Au. Golden Cross is contiguous with Southern Cross Gold. Southern Cross (SXGC-V) has shot from $.36 two years ago to $7.14 as I write with a total market cap of about $1.85 billion. Southern Cross now has a market cap thirty-seven times higher than Golden Cross yet Golden Cross is a similar system located literally next door. Before the current press release, Golden Cross had a market cap of about $50 million so there is a lot of room to grow in the next couple of years. Scott Berdahl of Snowline gold is another great analog for Golden Cross. CEO Matt Roma of Golden Cross was the founding CFO of Snowline and participated as Snowline showed a price of $.185 four years ago and has rocketed to $11.20 today with a market cap of just short of $2 billion. Matt Roma helped start that story, now he is doing the same at Golden Cross. Golden Cross is located in one of the most prolific gold belts of Victoria, Australia, including operating mines at Fosterville and Costerfield. Prior drilling revealed assays as high as 11 meters 31.4 grams per tonne gold and 2 meters of 174.42 g/t Au. The high-grade gold is located in sheeted quartz gold veins resembling the rungs of a ladder between forty and one hundred and forty meters apart. The initial ten holes were intended to be short in length to determine if they understood the structure. The program was only 2300 meters. Golden Cross now has two drill rigs doing the 10,000 meter fully funded Phase 2 program. Look for a regular stream of assay results coming out on a regular basis. Golden Cross is an advertiser. I have participated in the last PP at $.15 with no warrant and bought shares in the open market. Golden Cross has Southern Cross potential as well as Snowline. Do your own due diligence. Do go through the company presentation, it is excellent. Golden Cross Resources ### Bob Moriarty 321gold Ltd |
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