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Golden Cross Resources Ltd, through its wholly owned subsidiaries Golden Cross Operations Pty Ltd (GCO) and Challenger Gold Li
17 April 2015
GOLDEN CROSS RESOURCES LTD
ABN 65 063 075 178
22 Edgeworth David Ave
Hornsby NSW 2077
Phone (02) 9472 3500
Fax (02) 9482 8488
SHARE PURCHASE PLAN Forward Development Program
Golden Cross Resources Limited (ASX:GCR) is pleased to announce that the Share Purchase Plan (SPP) which closed on 1 April 2015 raised $347,517 from the issue of 5,791,949 new Shares.
The GCR cash balance as at 31 March 2015 was $532,508. Current cash balance is $780,809. With the positive outcome from the Copper Hill Scoping Study released 15 April 2015, the
Company plans to commence a Pre-Feasibility Study (PFS) as soon as possible.
The SPP funds will facilitate initial technical programs ahead of the Company formally adopting a full PFS program and budget.
The initial programs include:
1 Targeted infill and extensional drilling of the high grade zones outlined at Copper Hill
Central in the 2014 drilling, to improve the definition of the high grade mineralization.
2 Commencing a bench-scale metallurgical program on 2014 drill core to assess the metallurgical performance of the mineralization scheduled to be mined and treated in Years
1-5.
A detailed geo-metallurgical study was completed on the 2014 drilling data ahead of commencing the above metallurgical program.
I wish to thank Shareholders for your support of the SPP. It is a positive outcome for the Company and its Copper Hill copper-gold project, and we look forward to encouraging results over the coming months.
Jingmin Qian
Interim Chairman
Further information, contact Jingmin Qian on (02) 9472 3500
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Golden Cross Resources
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EN DÉVELOPPEMENT |
CODE : GCR.AX |
ISIN : AU000000GCR0 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Golden Cross Res. est une société d’exploration minière d'or basée en Australie. Golden Cross Res. est en développement de projets d'or, d'argent, de cuivre et de zinc en Australie, et détient divers projets d'exploration en Australie. Ses principaux projets en développement sont COPPER HILL et KEMPFIELD en Australie et ses principaux projets en exploration sont WAGGA TANK, MOUNT ISA (QUEENSLAND), BOWEN, MULGA TANK, WEST WYALONG, CULLARIN, BURRA PROPERTY, YELLOW MOUNTAIN, CARGO, SUNNY CORNER, SOUTH GILMORE (DOBROYDE), BREADALBANE et CANBELEGO/ PIPELINE en Australie et NUIKLAVIK et NOTAKWANON au Canada. Golden Cross Res. est cotée en Australie. Sa capitalisation boursière aujourd'hui est 203 220 AU$ (132 064 US$, 123 361 €). La valeur de son action a atteint son plus haut niveau récent le 28 février 1997 à 8,88 AU$, et son plus bas niveau récent le 24 avril 2024 à 0,00 AU$. Golden Cross Res. possède 101 610 000 actions en circulation. |