gcr 101

For all new onlookers may I suggest you read lastest quarterly in conjunction with content on website. Extract from quarterly as follows:

KEY POINTS
• Drilling is about to commence in Panama following approval of GCR Panama’s environmental impact statement. An initial program of 850m of core drilling is planned on the Veta Blanca and El Tiro gold-bearing epithermal vein systems.
• Labrador uranium rock chip assays returned up to 2.28% U3O8 from outcrop at Notakwanon.
• Mount Isa Phosphates review commenced to confirm Queensland DME estimate of 500 million tonnes of phosphatic rock at 15% P2O5; GCR will retain a 20% interest in the phosphate resources and 100% of uranium and all other minerals under the joint venture with Legend International.
• Field work commenced at Bowen on high grade gold-silver epithermal targets at Mount Mackenzie.
• Drilling at Canbelego and Rast intersected:
o 9m at 1.8% zinc, 1.2% lead and 5 g/t silver at the C2A prospect; southeast of Mount Boppy; and
o evidence of a hydrothermal base metals system at the C3 anomaly in the Pine Ridge property within the Rast Project tenements.
• At Copper Hill, field work further refined the drill targets at the Power IP anomaly, and extended the zone of anomalous soil and rock chip geochemistry. Rock chips returned up to 7 g/t gold. The Power Anomaly will be drilled in the June quarter.
• GCR’s presentation to the Gold Day Investor Forum in Sydney on 26 March 2008 is available at www.goldencross.com.au.

GCR is a copper/ gold/ base metal explorer with increasing Uranium interests. Plenty of high quality exploration ground AND a near term copper/ gold play at Copper Hill NSW.

Phosphate is mearly a side issue - REALLY. The real value is in the other projects. PANAMA, COPPER HILL, BOWEN, LANRADOR to name the top 4 prospects.

HAve a look. GCR is undervalued and its undervalued status is not because of phosphate.

Have fun reading.

GC