Golden Cross Resources December 2010 Quarterly Report

HIGHLIGHTS

Copper Hill

  • Resource increase of 30% at Copper Hill
  • 173 million tonnes grading 0.31% copper and 0.26 g/t gold
  • Containing 535,000 tonnes copper and 1.47 million ounces of gold
  • High copper and gold prices support robust economics at Copper Hill
  • Copper Hill Feasibility Study Stage 1 completed
  • Stage 2 underway with Whittle Consulting
  • Exploration drilling continuing to test extensions to north and south
  • Metallurgical drilling completed, samples despatched to Metcon Laboratories
  • Oxide zone to be drill tested to define gold distribution; potential for additional gold
  • Metallurgical, Geotechnical and Engineering Consultants in place

Other Projects

  • Mulga Tank soil sampling program provides drill targets
  • Cargo program to test new gold lodes. Drilling rig on order
  • Joint Venture progress: Steady progress by MMG at Wagga Tank and Gilgunnia Range near Cobar, Paradigm Metals announces results of drilling at Yellow Mountain, Silver City Minerals Limited and Endeavour
  • Minerals Pty Ltd sign separate farm in agreements at Broken Hill
  • Comarca elections begin in Panama
  • Additional coal permits applied for in Queensland

Read the full release here

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