Golden Cross Resources Ltd (ASX:GCR) Completes Geophysical Survey at Burra
Survey Completion
Golden Cross Resources Ltd (GCR) has successfully completed a trial of Pole Dipole Induced Polarisation (PDIP) at Burra EL7389, located in New South Wales. The survey targeted interpreted mineral trends, which are associated with known occurrences of mineralisation in the region.
Geophysical Insights
The PDIP survey utilized a pole-dipole configuration for enhanced subsurface investigations. This method is designed to identify significant geological structures that generate large chargeability and resistivity anomalies. The results identified notable chargeability anomalies at specific coordinates, particularly on Line 22406N, along with various other locations throughout the survey area.
Future Steps
To further investigate the identified anomalies, GCR plans to conduct infill PDIP surveys at 200m spacing. This will assist in establishing the continuity of the chargeability anomalies and support three-dimensional modelling efforts. The data collected will inform future exploration strategies in the Cobar region, known for its high-grade polymetallic deposits.
Executive Remarks
“We are excited about the results of the PDIP survey at Burra, as they provide critical insight into the subsurface mineralisation potential. We look forward to working on the next steps to deepen our understanding of this promising area,” said Jordan Li, Executive Chairman of GCR.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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