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Golden Cross Resources Ltd.
Summary
| Project: | Copper Hill | |
|---|---|---|
| Deposit: | Copper Hill | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 1/25/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-1-2018: Golden Cross Resources Ltd. announces an Exploration/Drilling Update report for its Copper Hill deposit at the Copper Hill project. Drilling results incl. 79.9m @ 0.34% Cu, 0.66g/t Au from 103m. All assays have now been received for two holes d | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bret Ferris (Internal) | |
| ABSTRACT: | All assays have now been received for two holes 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 GCHD 475, reported on previously, was drilled on Section 5300N to test 50 metres up-dip from higher grade zones in previous hole GCHD 474, drilled in 2014. Hole GCHD 476 was drilled obliquely to Section 5600N to test structural orientations identified in previous hole GCHD 470, which are interpreted to preferentially control the distribution of copper and gold. While the mineralised system is large and continuous, internal variability of mineralised zones is influenced by several factors includingInterpretation 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 grades 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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