Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — Shareholder Meeting (November 2013)
61 slides from Golden Cross Resources's shareholder meeting presentation, Nov 21, 2013
Slide 1: GCR Annual General Meeting
Golden Cross Resources ASX:GCR For personal use only GCR Annual General Meeting November 21, 2013
Slide 2: Corporate Directory
Corporate Directory For personal use only Board of Directors Steve Gemell Chairman Kim Stanton-Cook Managing Director Li Xiaoming Non Executive Director Jingmin Qian Non Executive Director Suzanne Qiu Non Executive Director Li Yan Alternate Director for Mr Li Company Secretary Exploration Manager Si
Slide 3: Non-renounceable Entitlement Offer
Non-renounceable Entitlement Offer Rights Issue – closed 15th November 2013 For personal use only GCR has raised over $670,000 from shareholders to fund on-going exploration. Additional funds will come from the sale of shares held by non-residents of Australia and New Zealand. An additional 134,243,
Slide 4: For personal use only
For personal use only 485Mt @ 15% P2O5 Ni-Au IOCG Copper- Gold Base Metals
Slide 5: Copper Hill, within the Molong Project
Copper Hill, within the Molong Project For personal use only • Total Geological Resource: 215 million tonnes at 0.3% copper and 0.24 g/t gold • Constrained Resource: 155 million tonnes at 0.33% copper and 0.27 g/t gold containing: • 493,000 tonnes of copper and • 1.33 million ounces of gold • Copper
Slide 6: Molong Project - Copper Hill
Molong Project - Copper Hill For personal use only
Slide 7: Exploration & Development Strategy
Exploration & Development Strategy GCR has examined higher throughput rates in economic studies For personal use only and determined that 7 to 8 million tonnes per annum provides the best outcomes, using a wide range of inputs. Projected capital costs must be reduced, supported by reductions in oper
Slide 8: Exploration Potential away from Copper Hill
Exploration Potential away from Copper Hill Molong Project • Follow-up drilling at the Power For personal use only Airborne Magnetic Induced Polarisation (IP) - Field. Blue areas are magnetically copper-gold soil anomaly east of low and reflect Copper Hill, and testing IP and intrusions, as at Coppe
Slide 9: For personal use only
Anomalous target zones For personal use only outside the Copper Hill resource include the area east of Buckley’s Hill (Copper Hill North) and the IP and copper-gold soil anomalies at Power – Hayshed – Vale Head. Larras Lee IP and soil anomalies will be revisited. The geology to the west of Copper Hi
Slide 10: North-east Copper Hill. IP 'shoulder' and the 'Untested Zone'
For personal use only North-east Copper Hill. IP ‘shoulder’ and the ‘Untested Zone’
Slide 11: Power Anomaly – IP, soil geochemistry and drill holes
For personal use only Power Anomaly – IP, soil geochemistry and drill holes
Slide 12: Hayshed prospect. IP, drill holes and soil geochemistry
For personal use only Hayshed prospect. IP, drill holes and soil geochemistry
Slide 13: Vale Head Prospect
For personal use only Vale Head Prospect. IP, copper and gold soil geochemistry and drill holes
Slide 14: Larras Lee Prospect
For personal use only Soils - gold ppb Larras Lee Prospect: IP, magnetics, copper and gold soil geochemistry
Slide 15: Cargo Gold Project
Cargo Gold Project For personal use only GCR’s 100% owned Cargo project is its flagship gold project and lies 12 km west of the Cadia-Ridgeway gold - copper mining operation. Cargo is a large, concentrically zoned hydrothermal mineralised porphyry with radial, quartz-sulphide gold- bearing alteratio
Slide 16: Cargo Resources
Cargo Resources For personal use only • Inferred Resource estimates at Spur- Dalcoath of 10.4 million tonnes at 0.84g/t gold for 283,000 ounces of gold using a 0.5g/t gold cut-off grade. • At a higher cut-off grade of 0.8g/t gold, the Inferred Resource is estimated at: 4 million tonnes at 1.19g/t go
Slide 17: Cargo Drilling
Cargo Drilling For personal use only • 86m @ 1.56 g/t gold at the Spur-Dalcoath Lode System including 12m @ 2.73 g/t gold from 108m & 6.5m @ 9.40 g/t gold from 137.5m • At the Essex Lode System, previous RC drilling intersections of • 9 metres at 5.63g/t gold, • 6 metres at 9.53g/t gold, • 2 metres
Slide 18: Cargo Geology
For personal use only Cargo Geology Mineralised systems and 2012 drill hole locations. Geology by Andrew Allibone 2008
Slide 19: Drill holes
For personal use only Drill holes SD006, 7, 8,9 and 10
Slide 20: Cargo - Spur Section 225N
East $D010 117 450 mRL 400 mRL Cargo - Spur j toi” Section 4225N GCR 10-11-12
Slide 21: Cargo - Spur Section 4275N
4700mE = i SPUR SPUR EAST 92 66 \ 37 3/6 61 East 400 MRL Cargo - Spur Loii i" Section 4275N GOR 10-11-12
Slide 22: Cargo - Spur Section 4375N
East swoody i West 112 SPUR EAST SPUR Gm @ 0.72 gitAu 450 mRL 400 mRL Cargo - Spur Section 4375N 50m GOR 10-11-12
Slide 23: Burra Copper Project
Burra Copper Project For personal use only • The Burra Copper Mine Project lies 40km east of Cobar with drill-indicated potential for deep- seated Cobar-style mineral systems. • The Burra Mine and Block 51 mineralised zones have coincident magnetic anomalies and copper- in-soil geochemical anomalies
Slide 24: Burra Copper Project
Burra Copper Project For personal use only The Burra Project has good potential for the discovery of Cobar-style deposits, with copper and lead-zinc mineralisation with gold/silver credits intersected in most drill holes. There are sufficient ore grade intercepts at the two key prospects to remain o
Slide 25: For personal use only
For personal use only
Slide 26: Burra Copper Project
Burra Copper Project For personal use only Burra Drill results: GCB 156 4m @ 1.25% Cu from 57m down- hole GCB 158 3m @ 2.84% Cu from 147m down- hole including 1m @ 6.45% Cu from 147m GCB 158 4m @ 1.32% Cu from 154m including 1m @ 3.36% Cu from 154m
Slide 27: Burra – Canbelego
Burra – Canbelego For personal use only • The Burra Copper Mine exhibits characteristics of Cobar-style copper-gold mineralisation. • The Cobar mines are typically structurally controlled, high grade (1% - 2% copper and 1g/t – 5g/t gold) and pipe-like extending to +1500 metres depth. • An Airborne E
Slide 28: Burra – Canbelego
Burra – Canbelego • New discoveries, such as the Mallee Bull project, have For personal use only almost identical drill results in the upper 200 metres as those intersected by GCR’s drilling at the Burra Mine. GCR’s Burra Peel Mining’s Mallee Bull discovery, top 200 metres – Copper Mine, above deepe
Slide 29: Peel Mining's Mallee Bull discovery
For personal use only Peel Mining’s Mallee Bull discovery, top 200 metres, above deeper hits of 41m @ 3.56% Cu eq, 53m @ 4.77% Cu eq and 69m @ 4.01% Cu eq
Slide 30: Burra drill holes overlaid on Mallee Bull
For personal use only GCR’s Burra Copper Mine drill holes from the top 200 metres overlaid on Mallee Bull at same scale Peel Mining’s Mallee Bull discovery, top 200 metres, above deeper hits of 41m @ 3.56% Cu eq, 53m @ 4.77% Cu eq and 69m @ 4.01% Cu eq
Slide 31: 3-D Cross-section with VTEM anomaly
For personal use only 3-D Cross-section showing previous drilling with VTEM anomaly (in red) below Burra helicopter-borne VTEM survey the Burra Mine.
Slide 32: Burra – new detailed gravity data
Burra – new detailed gravity data For personal use only Unexplained gravity low
Slide 33: Burra – new detailed gravity data – detail
Burra – new detailed gravity data – detail. For personal use only Burra Mine Drill hole collars
Slide 34: Rast Tenement Package
Rast Tenement Package For personal use only • The Rast tenement package, south of the Nymagee copper mine in the Cobar region of central NSW, has yet to reveal its targets beneath 50 to 100 metres of cover. • Rast is proximal to the Mallee Bull, Hera and Hebe copper-gold (lead-zinc) discoveries. • G
Slide 35: For personal use only
For personal use only The Gilgunnia-Nymagee area hosts nearby deposits such as Hera, the newly discovered extensions to the Nymagee Copper Mine, new mineralised zones at Mineral Hill and the Mount Boppy Gold mine. GCR has a dominant land position here in its own right and with its joint venture part
Slide 36: Quidong: copper-zinc-lead-gold
Quidong: copper-zinc-lead-gold For personal use only • The Quidong project, in southeastern NSW, is a unique geological setting with similarities to Irish-type lead- zinc deposits and Carlin and Sepon-style gold deposits. • Copper, lead, zinc, gold and silver mineralisation occurs in a range of sett
Slide 37: EL7989 - 100% GCR
For personal use only EL7989 - 100% GCR tenement boundary and geology
Slide 38: Outcrop of Quidong Limestone
For personal use only Outcrop of Quidong Limestone looking northwest from the Central Copper Workings across the Delegate River
Slide 39: Summary geology and prospects in the Quidong basin
For personal use only Summary geology and prospects in the Quidong basin showing Esso and WMC soil zinc (left) and copper (right) geochemistry results. From a report by Dr Neal A. Reynolds, CSA Australia, 1977
Slide 40: Geology of the Quidong basin
Geology of the Quidong basin with main For personal use only prospect areas, and the location of previous drilling campaigns. From a report by Dr Neal A. Reynolds, CSA Australia, 1977
Slide 41: Geology of the Quidong basin
Geology of the Quidong basin with main For personal use only prospect areas, and the location of previous drilling campaigns. A – A’ shows the location of the schematic section overlaid From a report by Dr Neal A. Reynolds, CSA Australia, 1977
Slide 42: Summary cross-sections through Clarke's Prospect
Summary cross-sections through Clarke’s Prospect For personal use only From a report by Dr Neal A. Reynolds, CSA Australia, 1977
Slide 43: Adam's Zone summary geology, trenching and drilling
For personal use only Adam’s Zone summary geology, trenching and drilling From a report by Dr Neal A. Reynolds, CSA Australia, 1977
Slide 44: TMI Quidong
For personal use only TMI Quidong
Slide 45: TMI Quidong
For personal use only TMI Quidong
Slide 46: Gawler Craton IOCG Exploration - South Australia
Gawler Craton IOCG Exploration - South Australia For personal use only • Golden Cross holds tenements within the Gawler Craton in South Australia. • The Gawler Craton is host to world-class iron-oxide-copper-gold (IOCG) deposits such as Olympic Dam, Prominent Hill and Carrapateena. • Drill-ready mag
Slide 47: South Australia – Gawler Craton IOCG Exploration
South Australia – Gawler Craton IOCG Exploration For personal use only Golden Cross holds five tenements covering 3,150 km2 within the northern Gawler Craton in South Australia. The tenements lie within several structural domains lying north of the Olympic Domain, which hosts Olympic Dam and Carrapa
Slide 48: GCR's north Gawler Craton IOCG tenements
GCR’s north Gawler Craton For personal use only IOCG tenements Coober Pedy
Slide 49: Oolgelima Hill Project
Oolgelima Hill Project For personal use only
Slide 50: Recent Geophysical Interpretation — Oolgelima
Residual Density (LHS) & Residual Magnetics (RHS), SR11 Bore, Oolgelima EL, Southern portion, eastern side. Recent Geophysical Interpretation — Oolgelima Adelaide Mining Geophysics was retained by GCR late in 2012 to review portions of the magnetic and gravity data sets and report on the potential f
Slide 51: For personal use only
For personal use only
Slide 52: Drill core from SRE001 @ SR11
Drill core from SRE001 @ SR11 For personal use only • Following is a selection of core tray photographs from the first hole at SR11. • Hematite alteration • Quartz-filled breccias • Evidence of intense fluid flow • Minor pyrite, trace chalcopyrite • Two more holes planned after infill gravity, petro
Slide 53: For personal use only
For personal use only
Slide 54: For personal use only
For personal use only
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For personal use only
Slide 56: For personal use only
For personal use only
Slide 57: Mulga Tank Nickel Project W.A
MULGA TANK NICKEL PROJECT W.A Joint Venture with Impact Minerals For personal use only Golden Cross Resources is encouraged by Impact Minerals’ announcement regarding the first drill hole completed at the Mulga Tank Joint Venture, 200 km northeast of Kalgoorlie in Western Australia. Impact is drill
Slide 58: Mulga Tank Nickel JV Project W.A
MULGA TANK NICKEL JV PROJECT W.A For personal use only • The disseminated sulphide zones are up to 6 m thick and have returned assays with a grade range of between 0.5% and 2% nickel and 0.1% to 0.8% copper from spot readings taken with a hand-held XRF machine. Similarly the narrow veins of remobili
Slide 59: Mulga Tank Joint Venture
For personal use only Mulga Tank Joint Venture Location and tenement holdings
Slide 60: The Minigwal Dunite magnetic anomaly
For personal use only The Minigwal Dunite (Peridotite) magnetic anomaly showing conductors (white rectangles) and elevated nickel geochemistry (blue dashed outlines)
Slide 61: Thank you for your support
For personal use only Thank you for your support Thank you
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