Golden Cross Resources (GCR) is a gold and base metals explorer searching for large deposits in highly prospective mineral belts providing significant potential upside for the investor.
 
GCR’s current portfolio of tenements contains world class exploration potential, with which we have attracted leading mining companies as farm-in partners who help us fund our exploration.  GCR's primary focus is the Copper Hill Project in central NSW. Copper Hill has an Indicated and Inferred Resource of 133 million tonnes containing 421,000 tonnes of copper and 1.2 million ounces of gold.
 
In late 2008 GCR and HQ Mining Resources Holding Pty Ltd (“HQ”) announced a strategic alliance. HQ is the Australian investment vehicle of Beijing-based China United Mining Investment Co Ltd (CUMIC).The alliance will provide Golden Cross with an immediate injection of funds, as well as operational, development and marketing assistance with the opportunity for further financial support.  HQ will use Golden Cross as its platform for future growth in Australia, Southeast Asia, the Pacific, and the Americas.
 
GCR's Chairman, Chris Torrey, said "The alliance of Golden Cross and HQ marks the commencement of new growth phase for Golden Cross, which will provide exploration and development skills in concert with HQ’s funding capacity, commercial ability and contacts to source capital equipment for potential mining operations."


 

Golden Cross Resources (ASX:GCR)

Company Directors

Mr Chris Torrey (Chairman, Non Exec. Director)
Mr David Timms (Non Exec. Director)
Mr Kim Stanton-Cook (Managing Director)
Mr Simon Lennon (CFO, General Counsel)
Ms Suzanne Qui ( Non Exec. Director)
Mr Xiaoming Li (Non Exec. Director)

Contact Information

Phone: (02) 9472 3500
Website: http://www.goldencross.com.au
Address
22 Edgeworth David Avenue, HORNSBY, NSW, Australia, 2077

Media Releases see all media releases

Golden Cross Resources Ltd, PACE Funding Granted for Drilling in South Australia
16 May,2012 11:19 AM

In January 2012, Golden Cross Resources (GCR) made a submission to the South Australian Department for Manufacturing, Innovation, Trade, Resources and Energy (DMITRE) for funding to undertake a co-operative exploration drilling program funded by GCR and the South Australian government under its PACE 2020 initiative.

PACE Discovery Drilling embodies a supportive partnership with industry to undertake drilling in areas determined by DMITRE to have economic mineral potential, but currently hampered by cover rocks or other factors that discourage investment. PACE Discovery Drilling 2012 preferentially funds high quality, technically and economically sound projects that promote greenfields exploration targets.

Successful proposals are assessed as those containing the highest quality exploration targets based on sound technical, scientific and commercial criteria. The successful applicants have approximately one year to complete their programs and submit reports and drilling samples.

In 2011 Golden Cross reviewed geophysical data to identify six targets with similar characteristics to known IOCG prospects and deposits elsewhere in the Gawler Craton. These were reported to the ASX on 29 August, 2011. A further fourteen targets have since been identified in 2012 from images prepared by Melbourne-based consultants, PGN Geoscience.


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