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Golden Cross Resources Ltd.
Summary
| Project: | Copper Hill | |
|---|---|---|
| Deposit: | Copper Hill | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 1/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-1-2018: Golden Cross Resources Ltd. announces an Exploration/Drilling Update report for its Copper Hill deposit at the Copper Hill project. Drilling results incl. 54m @ 0.42% Cu, 0.37g/t Au from 126m. Golden Cross Resources has completed 362.9 metres o | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bret Ferris (Internal) | |
| ABSTRACT: | Golden Cross Resources has completed 362.9 metres of core drilling in 2 holes at Copper Hill as part of an approved program under the exploration licence conditions. The holes were drilled to test areas within the central higher grade portions of the Copper Hill mineralisation and provide data for future resource and development studies. Hole GCHD475 was drilled on Section 5300N to test 50 metres up-dip from higher grades zones in previous hole GCHD474, drilled in 2014, while hole GCHD476 was drilled obliquely to section 5600N to test structural orientations identified in previous hole GCHD470, which are interpreted to preferentially control the distribution of copper and gold. Drillhole locations are shown in Figure 1. Assays from HQ core samples have been returned from the ALS laboratory in Orange, NSW. Drill hole intercepts are set out below. Assay results received to date are tabulated in full at the end of this report. Interpretation of the data concludes that the dominant mineralisation fabric is grid northwest as shown in Figure 1 and this orientation tends to host higher copper grades, whereas higher gold grades are encountered in north trending host structures. Higher grade of both copper and gold are also hosted in northeast plunging lodes representing the intersection lineation of the main structures. These may provide a potential vector to deeper, high grade targets and possible mineralisation sources, as well as refining the resource model. There are multiple structural orientations controlling the mineralisation at Copper Hill and these vary in relative strength throughout the deposit. Accordingly the optimal drilling direction may vary throughout the resource however, on balance, the local grid east to west pattern represents the best compromise for all orientations. | |
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