Golden Cross Resources (ASX:GCR) MD Kim Stanton-Cook Speaks at The China-Australia Resources Summit 2010
Kim Stanton-Cook (BA(Geology & Geophysics), MAIG, GSA, ASEG) is a geologist with over 35 years' experience in the mining & exploration industry in senior management roles with a number of major companies, including Getty Oil where he explored for base metals and uranium in Australia and North America and managed the Maureen U3O8-CaF2-Mo deposit and explored with AGIP Nucleare's uranium exploration team.He was Chief Geologist with Delta Gold NL where he was involved in the discovery and proving up of the Kanowna Belle Gold Mine then was Exploration Manager with the Otter Gold Mines Group, including Allstate Explorations NL, where he was involved in exploration in the Tanami region in the Northern Territory, Union Hill in NZ and the redevelopment of the Beaconsfield Gold Mine in Tasmania. Kim also founded Millennium Minerals NL, which holds exploration interests in NSW, WA and Queensland and is now a subsidiary of CopperCo Ltd.
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Golden Cross Resources (GCR) is a gold and base metals explorer searching for large deposits in highly prospective mineral belts providing significant potential upside for the investor.
GCR's current portfolio of tenements contains world class exploration potential, with which we have attracted leading mining companies as farm-in partners who help us fund our exploration. GCR's primary focus is the Copper Hill Project in central NSW. Copper Hill has an Indicated and Inferred Resource of 133 million tonnes containing 421,000 tonnes of copper and 1.2 million ounces of gold.
In late 2008 GCR and HQ Mining Resources Holding Pty Ltd ("HQ") announced a strategic alliance. HQ is the Australian investment vehicle of Beijing-based China United Mining Investment Co Ltd (CUMIC).The alliance will provide Golden Cross with an immediate injection of funds, as well as operational, development and marketing assistance with the opportunity for further financial support. HQ will use Golden Cross as its platform for future growth in Australia, Southeast Asia, the Pacific, and the Americas.
GCR's Chairman, Chris Torrey, said "The alliance of Golden Cross and HQ marks the commencement of new growth phase for Golden Cross, which will provide exploration and development skills in concert with HQ's funding capacity, commercial ability and contacts to source capital equipment for potential mining operations."
About Golden Cross Resources Ltd
Golden Cross Resources (ASX:GCR) is a mineral explorer with a copper-gold focus. Its major activity is the Molong Copper Hill copper-gold project in central NSW. GCR also has many other high quality projects across Australia as well as prospective joint ventures funded and managed by GCR's partners.
Golden Cross Resources Ltd