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:

Address
22 Edgeworth David Avenue, HORNSBY, NSW, Australia, 2077
Media Releases
Golden Cross Resources Ltd, Drilling Program at Cargo
07 Feb,2012 09:45 AM

Testing near-surface gold intersections from previous drilling at the Spur-Dalcoath Lodes of 17 metres at 5.3 g/t gold, 2 metres at 44 g/t gold, 54 metres at 1.1 g/t gold and 16 metres at 3.86 g/t gold.

Golden Cross Resources (GCR) has completed the first round of core drilling at the Spur-Dalcoath gold targets within the Cargo Project. The Cargo Goldfield lies 15 kilometres west of Cadia and has been mined intermittently for over 140 years. Previous explorers, Billiton Australia (Shell Metals) and Cyprus Gold, drill-tested several anomalous gold zones in the 1970’s and 1980’s and defined what may be, potentially, payable bodies of nearsurface gold mineralisation. GCR followed up with extensive drilling here in the late 1990’s.

GCR’s first-pass program of two core holes, targeted mineralised zones reported from the previous drilling campaigns. Large diameter PQ & HQ core was drilled to provide geological data for planning the follow-up drilling, essential for defining JORC-compliant resources.


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