Bubalus Resources Limited has reported encouraging results from its maiden drilling program at the Crosbie South gold prospect in the heart of the Victorian goldfields. The program, which comprised five diamond drillholes totaling around 700 metres, intersected multiple zones of gold mineralisation hosted within quartz veins in an altered granite setting. Notable intercepts include a high-grade section with 0.2 metres of 50 g/t gold, as well as a broader mineralised interval of 6.6 metres grading 0.4 g/t gold alongside significant antimony values of 1839 ppm. Other drillholes yielded enrichments of silver, molybdenum, bismuth, and tungsten—characteristics typical of an intrusion related gold system. The drilling results confirm the geological model derived from surface sampling and geophysical (IP) surveys, highlighting an approximately 220-metre strike length of mineralisation. While one area from the two collared drillholes revealed narrow, high-grade intercepts rich in both gold and silver with bismuth, another zone in the southeastern drillhole showed thicker intervals where gold was depleted in silver but enriched in antimony and tungsten. The mineralised system remains open along strike and at depth, prompting Bubalus to plan further drilling to expand on these promising discoveries. In addition to continued drilling, the company is undertaking further analysis of unassayed core material near the identified mineralised zones. They are also reviewing and potentially remodelling past geophysical data to better target thicker or higher-grade mineralisation, while specialist geochemical modelling will help vector to more prospective areas. This work may extend into additional drilling campaigns at the adjacent Crosbie North targets expected in late Q3 2025. The technical details provided, such as drillhole orientations, intercept lengths, and assay procedures, reflect a rigorous application of industry-standard exploration techniques. The measured values—including up to 50 g/t gold, 55.1 g/t silver, 1.9% molybdenum, and significant antimony and tungsten readings—support the view that Bubalus has tapped into a promising high-grade system that could potentially uplift the company's wider portfolio. Bullish sentiment arises from the discovery of consistent high-grade intercepts across all drillholes and the clear indications of a mineralised system that remains open along strike and at depth, suggesting significant upside potential. Furthermore, planned further analysis and additional drilling targeting adjacent high-grade zones reinforce confidence in the project. Conversely, a bearish view might highlight the early stage and narrow widths of some intersections, as well as the inherent uncertainties of exploration drilling. The reliance on further data refinement and modelling means that until larger, economically viable zones are delineated, investors should remain cautious about short-term valuations.