June 2013 Quarterly Report


Financial Status

  • At 30 June 2013, GCR held approximately $1.3 million in cash and $485,000 in negotiable securities.

Molong Project – Copper Hill

  • Drilling programs to test anomalies outside the Copper Hill deposit are being planned to add to the existing resource and to search for higher grade deposits within the Molong – Copper Hill Exploration Licence 6391.

South Australia Drilling

  • An initial three-hole core drilling program, testing three gravity-magnetic anomalies, has been completed with encouraging indications. Magnetite-biotiteand hematite-sericite alteration assemblages were intersected. Anomalous copper values, extensive brecciation and silicification were observed in core from the SR11 gravity anomaly.

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