Not sure if it has been posted yet...THE succession of Golden...

Not sure if it has been posted yet...

THE succession of Golden Cross Resources' managing director David Timms at the end of the month will see the junior increase focus on its Copper Hill copper-gold project in New South Wales, with an updated resource estimate expected later this quarter. Timms will step down after forming the company in 1994 and floating it two years later, handing the reigns to geologist Kim Stanton-Cook. he intended to increase the company's focus on Copper Hill when he steps into the managing director's role on March 1."There certainly will be some changes but in the first instance Copper Hill is going to be the direction we're going to be pushing," Stanton-Cook said. "I was chief geologist with Delta when we discovered Kanowna Belle and took that through to the stage where we could hand it over to the miners - those activities were ones I was pretty proud of."What we told the miners they were getting was exactly what they got, and I'd like to do the same with Copper Hill." During drilling in December the company hit 129.8 metres grading 1.8 gram per tonne gold and 0.79% copper including 20m at 6.43gpt gold and 2.28% copper at Copper Hill. Golden Cross had expected to upgrade Copper Hill's current resource of 4.9Mt at 0.7% copper and 0.9gpt gold at the end of the December quarter but pushed it back to the end of current quarter due to the complexity of the deposit's geology and a decision to reassess historic data.Stanton-Cook said he had no plans to bring in a partner for Copper Hill in the immediate future, but that option may be looked at in the future."My preference would be that as long as we can do it on our own and add as much value to it as we can then we'll see how it shapes up further down the track," Stanton-Cook said.Timms said that at age 75 he was becoming a little "long in the tooth" to run the company. He will continue as a non-executive director but was looking forward to spending more time with his grandchildren.Timms said he was delighted to be leaving the company in the position it was in, with about $A4.7 million in the bank and Copper Hill shaping up as the potential "company maker" Golden Cross had spent more than a decade searching for.Shares in Golden Cross were unmoved at 6.7c in midday trade