Golden Cross Resources has received promising assay results from a program to upgrade resources by exploration of peripheral zones at its Copper Hill copper-gold project in Central New South Wales.
Seven holes totalling 1519 metres have been completed to date in the current 4000 metre drill program.
Assays received from the first hole in the program include 21 metres @ 0.51% copper and 0.18 grams/tonne gold from 102 metres and 13 metres @ 0.28 grams/tonne gold from 120 metres.
This hole was sited to provide grade information at the northwestern extremities of Copper Hill where the current block model is sparse or fragmented and to provide a geochemical vector for sitting a future deeper hole.
It was also sited to test extensions to another intercept of 40 metres @ 0.3% copper obtained in an earlier hole 50 metres to south.
Another hole in the current program has intersected a zone of altered and strongly stock-worked volcanics with high sulphide, mainly pyrite, content. Assays are pending.
Golden Cross is a multi-commodity global explorer, which has formed a strategic alliance with CUMIC subsidiary HQ Mining Resources providing access to capital and mining and processing equipment from China.
Golden Cross is continuing to progress its Copper Hill Project and is accelerating its exploration programs with drilling completed at Burra and Rast in NSW, and Mulga Tank in Western Australia. Further drilling is also planned at Cargo in NSW.
Large prospective areas are under application for gold and base metals in South Australia and Panama and coal in Queensland.
www.goldencross.com.au

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