FULL DISCLOSURE: Canacom Group is long the equity of Crossroads Gold.
Crossroads Gold (TSXV: CRG) has put boots on the ground at its Pambula gold project, launching a maiden 2026 field program in an effort to follow up on soil samples that grade as high as 24.6 g/t gold.
The early geochemistry has yielded positive results. Of 110 soil samples assayed so far, five came back above 1.0 g/t gold, anchored by standout values from the Hidden Treasure, Pilot and Killaloe fissure systems:
- 24.6 g/t gold at the Hidden Treasure Fissure
- 7.4 g/t gold along the Pilot Fissure hanging wall
- 3.35 g/t gold in the Pilot Fissure hanging wall
The work program now underway pairs geological mapping and ground checking with systematic soil sampling, all aimed at refining drill targets across the broader goldfield. The company has also commissioned a high-resolution LiDAR survey to sharpen its structural picture and surface historic workings that earlier mapping may have missed.
A further 130 soil samples were submitted for assay within the past week.
Chief Executive Officer Rex Motton framed the results as evidence of scale already forming at Pembina, stating, “When considered alongside the geological setting, historical production and current geochemical evidence, we believe Pambula has the potential to host a large, low-sulphidation epithermal gold system, with indications that we may be within the upper part of a preserved high-grade ‘bonanza’ zone.”
While Crossraods is beginning with a field program, Pambula isn’t exactly a greenfield project. Four recognised fissures cut through the main goldfield, which were mined in the late 1890s and early 1900s, producing more than 40,000 ounces of gold. The Pilot Fissure was the source of much of that production, feeding the Gahan, Falkner and Victory mines, with ore shoots reaching widths of up to 7.3 metres.
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Modern work has been thin by comparison. Historical soil sampling skipped gold assays entirely, testing instead for a handful of elements such as mercury, zinc and lead, which leaves Crossroads as the first operator to run systematic gold geochemistry across the ground.
Historical drilling lends some support to the targeting effort, including a 1980s campaign by Homestake that assayed up to 11.82 g/t gold over 4 metres from 21 metres depth. Those results have not been independently verified by Crossroads but are being used to guide future drill targets.
Crossroads Gold last traded at $0.23 on the TSX Venture.
FULL DISCLOSURE: Canacom Group, the parent company of The Deep Dive is long the equity of Crossroads Gold. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
