GCR golden cross resources ltd

revised resource est: copper hill

  1. 3,365 Posts.
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    No much chatter since the speculator (in the Bulletin) sold out to buy something else - but sp looking better today.

    ""Headline News
    Golden Cross: new resource estimate for Copper Hill
    By RWE Australian Business News, 23 Aug 2007
    Sydney - Thursday - August 23: (RWE Australian Business News) -

    Golden Cross Resources Ltd (ASX:GCR) today announced resource consultant Hellman & Schofield had completed a revised resource estimate for GCR's
    Copper Hill porphyry copper-gold project near Molong, NSW.

    The revised estimate was generated using historical and recent drill results for holes up to GCHR294 in the current drilling program.

    A total of 481 holes representing 64,544m of drilling were used in the revised resource estimate, an increase of 11 holes and 2492m over the previous estimate conducted in February.

    At GCR's preferred cut-off grade of 0.20pc copper, the revised resource estimate is: 133m tonnes at 0.32pc copper and 0.28g/t gold, containing, inground, 420,000t of copper and 1.2m oz gold.

    Shares in Golden Cross closed up 0.3c to 3.9c today."" end of copy.



 
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