Golden Cross Resources
Intrasia Capital is a substantial shareholder in Golden Cross Resources (Golden Cross), an Australian publicly-listed (ASX:GCR) gold and base metals explorer searching for large deposits in highly prospective mineral belts.
Golden Cross’s current portfolio of tenements contains world class exploration potential, which have attracted leading mining companies as farm-in partners. Golden Cross’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 Golden Cross 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.