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Golden Cross Resources (GCR) is a gold
and base metals explorer searching for large deposits in highly
prospective mineral belts providing significant potential upside for
the investor.
GCR’s current portfolio of tenements contains world class exploration
potential, with which we have attracted leading mining companies as
farm-in partners who help us fund our exploration. GCR's
primary focus is the Copper Hill Project in central NSW. Copper Hill
has an Indicated and Inferred Resource of 133 million tonnes containing
421,000 tonnes of copper and 1.2 million ounces of gold.
In late 2008 GCR and HQ Mining
Resources Holding Pty Ltd (“HQ”) announced a
strategic alliance. HQ is the Australian investment vehicle of
Beijing-based China United Mining Investment Co Ltd (CUMIC).The
alliance will provide Golden Cross with an immediate injection of
funds, as well as operational, development and marketing assistance
with the opportunity for further financial support. HQ will
use Golden Cross as its platform for future growth in Australia,
Southeast Asia, the Pacific, and the Americas.
GCR's Chairman, Chris Torrey, said
"The alliance of Golden Cross and HQ marks the commencement of new
growth phase for Golden Cross, which will provide exploration and
development skills in concert with HQ’s funding capacity, commercial
ability and contacts to source capital equipment for potential mining
operations."
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