HIGHLIGHTS
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.