Golden Cross Resources Ltd (ASX:GCR) Completes Copper Hill Gravity Surveys
Geophysical Gravity Surveys Completed
Golden Cross Resources Ltd (GCR) has successfully completed the gravity survey at its Copper Hill project near Molong NSW. The survey involved acquiring data from 577 stations at 400m intervals, with the crew demobilising without any reported incidents.
Data Interpretation and Future Plans
The collected data is being prepared for interpretation by the company’s consultant geophysicist. Based on the data interpretation, GCR will consider conducting additional infill surveys at closer spaced intervals. The new data supplements existing ground magnetics and Induced Polarisation data from previous exploration programmes and may enhance technologies like Ambient Noise Tomography.
Copper Hill Project Overview
Copper Hill is situated within the Ordovician-age Macquarie Arc volcanic belt, near significant gold-copper deposits such as Cadia-Ridgeway. The project lies approximately 50 kilometres north of Cadia, on the northern edge of the Lachlan Transverse Zone.
2022 Mineral Resource Estimate
In September 2022, GCR announced an updated Mineral Resource Estimate with 31% Measured, 39% Indicated, and 30% Inferred material. GCR confirmed there is no new information that materially affects this estimate, and all material assumptions and technical parameters remain unchanged.
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