Golden Cross Resources Ltd (ASX:GCR) Commences Gravity Surveys at Copper Hill Project
Geophysical Surveys Commence
Golden Cross Resources Ltd (ASX:GCR) has mobilised its gravity survey crew to the Copper Hill project site near Molong, NSW. The company has started Stage 1 of detailed gravity surveys, encompassing up to 580 stations at 400m intervals. The surveys aim to delineate subsurface structures and intrusive bodies, supplementing previous exploration data.
Copper Hill Project Overview
Copper Hill is situated within the Ordovician-age Macquarie Arc volcanic belt, near significant deposits like Cadia-Ridgeway. Positioned approximately 50 kilometres north of Cadia, the project lies on the northern edge of the Lachlan Transverse Zone. The area has been lightly explored, with proximity to other prospects such as Alkane Exploration’s Boda and Kaiser Prospects.
Mineral Resource Estimate
In September 2022, GCR announced an updated Mineral Resource Estimate with 31% Measured, 39% Indicated, and 30% Inferred materials. The company confirms no new information impacts this estimate, and all material assumptions remain unchanged. The report was compiled by Mr Arnold van der Heyden, a Chartered Professional (Geology).
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