Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — Investor Presentation (November 2005)
30 slides from Golden Cross Resources's investor presentation, Nov 9, 2005
Slide 1: Golden Cross Resources
den Cross Resources 9th November 2005 Chris Torrey Director-Exploration
Slide 2: GCR is a minerals explorer, searching in NSW and NT
GCR is a minerals explorer, searching in NSW and NT for large deposits in highly prospective mineral belts 217 million shares issued with 1500 shareholders Market Capitalisation $8.5 million Cash position $0.7 million
Slide 3: Disclaimer
DISCLAIMER This material contains certain forecasts and forward-looking information about possible or assumed future performance, exploration results, resources or potential growth of Golden Cross Resources Ltd, industry growth or other trend projections. Such forecasts and information are not a gua
Slide 4: GCR Projects
GCR Projects GCR projects are predominantly located in the Lachlan Fold Belt of NSW. Large copper-gold projects in NSW are associated with volcanic and intrusive rocks in a number of belts of Ordovician age (430 to 490 million years old). Copper Hill is located in one of these belts north of the lar
Slide 5: Copper Hill: Large mines in Ordovician rocks
Copper Hill : Summary of Significant Drill Intersections A number of large mines are located in these Ordovician rocks. Notably, Cadia-Ridgeway (Newcrest Mining), Northparkes (Riotinto) and Cowal (Barrack). 5
Slide 6: Copper Hill infrastructure
Copper Hill Infrastructure at Copper Hill is excellent. This photo looks south and shows the Mitchell Highway to the right, passing within 500m of the Hill, and the town of Molong a few kilometers to the south. 6
Slide 7: Copper Hill: Summary of Significant Drill Intersections
Copper Hill : Summary of Significant Drill Intersections Mineralisation at Copper Hill is located predominantly within intrusions (pinks and purple colours). This slide shows some historic drill hole intersections, characterised by broad widths of 0.5 to 1.0 g/t gold and 0.5 to 1.0% copper. The slid
Slide 8: Copper Hill block model plan view
Copper Hill : Summary of Significant Drill Intersections This is a plan view of a block (or grade) model at the 500m elevation above sea level (or 100m below surface). It shows almost 1km of mineralisation in at least two northwest trending zones. Gold equivalent or Au Eq is equal to gold (g/t)+ cop
Slide 9: Copper Hill cross-section
Copper Hill : Summary of Significant Drill Intersections This is a cross-section (a vertical slice through the earth) with elevation in metres shown on the right and a 500m scale on the top. This is also a grade model. When actual drill hole data is superimposed it shows broad intersections of grade
Slide 10: Copper Hill cross-section and Saddle Zone
Copper Hill : Summary of Significant Drill Intersections This is a similar cross-section located 200m to the south of the previous slide. Note that the large red area to the right of the image is the Saddle Zone, a newly discovered, highly mineralised portion of the project. 10
Slide 11: Diamond drill rig in operation
Copper Hill : Summary of Significant Drill Intersections Diamond drill rig in operation 11
Slide 12: Gold mineralised core
Copper Hill : Summary of Significant Drill Intersections Copper-gold mineralised core 12
Slide 13: Quartz stockwork mineralisation, Saddle area
Copper Hill : Summary of Significant Drill Intersections Quartz stockwork mineralisation with chalcopyrite and bornite (copper sulphide minerals) from the Saddle area. 13
Slide 14: Close-up of mineralised core
Copper Hill : Summary of Significant Drill Intersections Close-up of mineralised core. 14
Slide 15: Longitudinal Section of the Western Zone
Copper Hill : Summary of Significant Drill Intersections Longitudinal Section of the Western Zone. This grade model shows the potential for down-plunge extensions. Scale bar to right indicates significant depth potential. 15
Slide 16: Longitudinal Section of the Eastern Zone
Copper Hill : Summary of Significant Drill Intersections Longitudinal Section of the Eastern Zone where the Saddle mineralisation is hosted. The shape of this model shows that the zone has been poorly drilled and requires significant further work to determine its extent. 16
Slide 17: Comparison with Cerro del Gallo
Copper Hill : Summary of Significant Drill Intersections Comparison with Cerro del Gallo a porphyry complex currently being drilled in Mexico. Both images of grade are at the same scale for gold. 17
Slide 18: Comparison of copper grade
Copper Hill : Summary of Significant Drill Intersections Comparison looking at copper grade. 18
Slide 19: Comparison of gold equivalent
Copper Hill : Summary of Significant Drill Intersections Comparison looking at gold equivalent. In areal extent it is clear these are similar in size. Kings Minerals report 9.74 million ounces gold equivalent. GCR has not yet completed its resource estimate. This is due in the first quarter of 2006.
Slide 20: Comparison with Cadia Hill in 1996
Copper Hill : Summary of Significant Drill Intersections Comparison with Cadia Hill as it was in 1996. Areal extent of mineralisation is of comparable size. Copper Hill has received a lot less drilling. An early Cadia Hill pit limit is superimposed on Copper Hill for comparison. 20
Slide 21: Cadia Hill cross-section in 1996
Copper Hill : Summary of Significant Drill Intersections Cadia Hill Cross-section in 1996 shows broad intersections averaging about 1 g/t gold, not unlike grades from Copper Hill. Image to right is the Longitudinal Section shown above. Depth potential is comparable to Cadia Hill. 21
Slide 22: Shades Road anomaly
Copper Hill : Summary of Significant Drill Intersections Stepping back from the Copper Hill prospect (block model area above), this image shows a new zone of gold and copper anomalous geochemistry at Shades Road. This has been delineated by shallow (10 to 20m) drilling. The anomaly is the same size
Slide 23: Anomalous zones requiring drilling
Copper Hill : Summary of Significant Drill Intersections Stepping back further again, it is clear that there are a number of anomalous zones which require more detailed drilling. 23
Slide 24: Canbelego
Canbelego Drilling at Canbelego 24
Slide 25: Belt of significant production
Belt of significant production. 25
Slide 26: Mt Boppy 3% royalty
Within the GCR EL, a private company, Polymetals, controls a number of leases encompassing the Mt Boppy Gold Mine. In order to expand this operation GCR has agreed to an application of a Mining Lease over it’s EL. In exchange GCR now receive a 3% royalty from all gold produced within the MLA (the re
Slide 27: Hardwicks prospect
Hardwicks prospect. High grade gold intersections achieved this year. Follow-up is scheduled for second quarter. 27
Slide 28: Summary
Summary ... A large copper-gold porphyry system Areal dimensions comparable to Cadia Hill Potential to host multi-million ounce gold resource with plus 1 million tonnes of copper metal Copper Hill area not drilled out - new zones of higher grade mineralisation still being found by GCR Outlying RAB/R
Slide 29: Summary
Summary ... 3% out-turn royalty on an existing gold mine Mt Boppy Identified extensive zones of near-surface gold mineralisation A number of high grade gold intersections in shallow drilling 29
Slide 30: Australia location
PIOLerDzasG. Basemeni Rock 1000 km EE | Australia Location 30
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