Golden Cross Resources recently completed a gravity geophysical survey over EL8270 located 40 kilometres south of Nymagee in Central NSW. Deep overburden to a depth of approximately 90m in many places in the region mitigates against some geophysical techniques. As basement structure is a key factor in localising the Cobar style deposits, the gravity survey was completed to test the technique.

The area of EL8270 is characterised by overburden of unknown depth obscuring bedrock geology. The main feature of geological interest has been adjacent to the western end of EL8270 licence, where the Kilparney magnetic feature has beenprospected previously. Government open file regional gravity data is wide spaced approximately 4km x 2km, with insufficient stations over the main features to achieve resolution suitable for targeting and structural interpretation.

To assess the usefulness of the gravity technique, readings were initially taken on 800m x 800m grid pattern. A review of the data has been undertaken by geophysicist Steve Collins. Two main gravity features are identified, and, considering there is limited supporting data from other types of exploration, a review of possible further exploration is presented, including a range of geophysical techniques.

The Company plans to consider the review and decide on the appropriate work for the next field program.