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Golden Cross Resources Limited (ASX:GCR)
ALERT: Price-sensitive ASX Announcement for GCR
Current share price for GCR : $0.002 -0.002 (-50%)+
Announcement
Release
16 Dec 2024 2:39PM
Price at Release
$0.004
Full Release
Summary
Golden Cross Resources Ltd has successfully completed a trial of Pole Dipole Induced Polarisation (PDIP) surveys at Burra EL7389, aimed at investigating subsurface mineral trends and structures. The survey, conducted in the Cobar region known for its high-grade polymetallic deposits, revealed significant chargeability anomalies interpreted by a consultant geophysicist. The PDIP lines, designed for deeper penetration, highlighted areas for further evaluation which included recommendations for infill surveys to clarify the continuity of these anomalies. This strategic move is part of GCR's ongoing efforts to assess its tenements in the Canbelego and Gilgunnia areas for potential mineralisation.
Key Points
- Trial of Pole Dipole Induced Polarisation surveys completed at Burra EL7389.
- Survey aims to investigate mineral trends and structures in the Cobar region.
- Significant chargeability anomalies detected and interpreted.
- Infill surveys recommended to assess continuity of anomalies.
- GCR's tenements strategically located in areas known for high-grade deposits.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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