Cliffmont Discovers High Grade Gold and Silver Mineralization in Initial Drill Program in Huila, Colombia

    




 VANCOUVER, Oct. 11, 2012 /CNW/ - Cliffmont Resources Ltd.  ("Cliffmont" or the "Company") is  pleased to announce initial drill results from the 2012 phase one drill  program at the San Luis Project in Huila Department, Colombia. A total  1219.60 metres from the first five drill holes are being reported. Two  high priority targets were tested and results confirm continuity of  high grade gold mineralization at depth below two past producing mines.  This is the first time the project has been drill tested. 

 Significant drilling highlights: 

 Merceditas Mine  

 The objective of hole SLD-05 was to intersect the Merceditas vein at  depth to show continuity of mineralization below the mine workings.  




        --  A new mineralized zone was discovered approximately 100 metres
            above the mine workings which averages 1175.5 g/t silver over
            3.00 metres starting at 16.00 metres below surface in
            saprolite.

        --  The primary vein structure which was intersected at 183.95
            metres down hole (approximately 50 metres below the mine
            workings averages 8.23 g/t gold over 1.45 metres).

        --  A new and parallel vein structure was intersected approximately
            7.00 metres below the primary vein structure. It averages 8.21
            g/t gold over 1.00 metre. This vein structure is a new
            discovery. To date, it has not been tested at shallow depths
            although it is likely it parallels the mine workings.




  

 San Jorge Mine  

 The objective of the drill program is to test high-grade historical  channel sampling by TVX Mineria Ltd in 1997. The TVX channel sampling  averaged 39.09 grams per tonne gold and 11.66 grams per tonne silver  over a width of 1.52 metres for 71.72 metres. (See Press Release May  31, 2012) 




        --  Hole SLD-04 intersected gold mineralization averaging 17.87 g/t
            gold over 3.00 metres, including 0.50 metres averaging 106 g/t
            gold approximately 40 metres below the level of the TVX
            sampling (Level 1872). The intersection demonstrates the
            continuity of the mineralization to depth.

        --  Hole SLD-03, a deeper test of the mineralization, intersected
            11.44 g/t gold over 2.08 metres approximately 70 metres below
            Level 1872. The results of this hole indicate a sizeable area
            of potential mineralization that requires drill testing.




 Jeff Tindale, President and CEO states, "We are delighted with these  early results. The discovery of two new zones of mineralization at  Merceditas, as well as the intersection of the primary vein structure  50 metres below the mine workings, is extremely encouraging and a great  start in Cliffmont's evaluation of this target. The San Jorge results  show the high-grade mineralization continues to depth and has  identified a large area of potential mineralization that requires drill  testing. This is a great beginning for Cliffmont with many drill holes  still pending. We have several other targets on our property to test  and this initial success will enable the company to continue to expand  on these discoveries." 

 See Plan View Property Map Link: http://files.newswire.ca/1115/San_Luis.pdf 

 The Company's strategy is to test for continuity of mineralization below  past producing mines. The plan includes the evaluation and blocking of  mineralization to explore the possibilities of a near term production  decision while continuing to explore and evaluate numerous other larger  areas of thicker mineralization. 

 San Jorge is in the upper part of the epithermal system at an elevation  of 2000 metres and currently is an exploitation license.  The first  four holes (983.6 metres) of the Company's initial drill program have  been completed at San Jorge. San Jorge is a past producing historical  mining area. The Company plans to continue testing the San Jorge  mineralization as it has substantial lateral extent on surface with  several coincidental geochemical anomalies. 

 At Merceditas there is potential for significant gold and silver  mineralization below and adjacent to the mine workings. Merceditas is  located lower in the epithermal system at an elevation of 1700 metres.  The Company believes the Merceditas target has the potential to host a  significant body of mineralization as determined from the recent  drilling, geochemical sampling, mapping, and geophysical survey work  completed to date. 

 Table 1  - Significant Drill Intersections 




     ________________________________________________________________
    |   Target |   Hole |    From (m)  |   To |Interval|Au g/t|Ag g/t|
    |    Area  |        |              |  (m) |  (m)*  |      |      |
    |__________|________|______________|______|________|______|______|
    |San Jorge | SLD-01 |         22   |23.33 |   1.33 | 3.49 |      |
    |__________|________|______________|______|________|______|______|
    |          | SLD-01 |        127   |128.5 |   1.5  | 1.63 |      |
    |__________|________|______________|______|________|______|______|
    |          | SLD-01 |      135.35  |137.43|   2.08 |11.44 | 3.53 |
    |__________|________|______________|______|________|______|______|
    |          |includes|      135.8   |136.3 |   0.5  | 47.3 | 14.4 |
    |__________|________|______________|______|________|______|______|
    |          |        |              |      |        |      |      |
    |__________|________|______________|______|________|______|______|
    |San Jorge | SLD-02 |No significant|      |        |      |      |
    |          |        |    values    |      |        |      |      |
    |__________|________|______________|______|________|______|______|
    |          |        |              |      |        |      |      |
    |__________|________|______________|______|________|______|______|
    |San Jorge | SLD-03 |        111   |112.5 |   1.5  | 6.62 | 2.24 |
    |__________|________|______________|______|________|______|______|
    |          |includes|      111.7   |112.15|   0.45 | 21.4 |   7  |
    |__________|________|______________|______|________|______|______|
    |          |        |              |      |        |      |      |
    |__________|________|______________|______|________|______|______|
    |San Jorge | SLD-04 |      108.5   |111.5 |     3  |17.87 |26.48 |
    |__________|________|______________|______|________|______|______|
    |          |includes|      109.7   |110.2 |   0.5  |  106 |   74 |
    |__________|________|______________|______|________|______|______|
    |          |        |              |      |        |      |      |
    |__________|________|______________|______|________|______|______|
    |Merceditas| SLD-05 |        2.5   | 29.5 |    27  |  0.2 |135.8 |
    |__________|________|______________|______|________|______|______|
    |          |includes|       11.5   |   19 |   7.5  |      |481.3 |
    |__________|________|______________|______|________|______|______|
    |          |   and  |         16   |   19 |     3  |      |1175.5|
    |__________|________|______________|______|________|______|______|
    |          | SLD-05 |      179.65  |192.5 |  12.85 |  1.7 |      |
    |__________|________|______________|______|________|______|______|
    |          |includes|      183.9   |185.4 |   1.45 | 8.23 |      |
    |__________|________|______________|______|________|______|______|
    |          |   and  |      184.65  |185.4 |   0.75 | 15.3 |      |
    |__________|________|______________|______|________|______|______|
    |          |   and  |        191   |  192 |     1  | 8.21 |      |
    |__________|________|______________|______|________|______|______|
    |          |   and  |      191.5   |192.5 |   0.5  |16.15 |      |
    |__________|________|______________|______|________|______|______|





 *Interval represents down hole core length; true widths cannot be  reliably estimated at this time. 

  

 Table 2  - Drill Hole Specifications 




     ________________________________________________
    |Hole #|UTM E |UTM N |Elevation|Azimuth|Dip|Depth|
    |______|______|______|_________|_______|___|_____|
    |SLD-01|439367|337918|   1966  |   290 |-78|241.5|
    |______|______|______|_________|_______|___|_____|
    |SLD-02|439388|337872|   1962  |   272 |-50|301.1|
    |______|______|______|_________|_______|___|_____|
    |SLD-03|439329|337771|   1958  |   313 |-70| 291 |
    |______|______|______|_________|_______|___|_____|
    |SLD-04|439329|337771|   1958  |   313 |-50| 150 |
    |______|______|______|_________|_______|___|_____|
    |SLD-05|441137|341127|   1893  |   22  |-72| 230 |
    |______|______|______|_________|_______|___|_____|





  





     






 To view all maps and figures please visit the Company's website at www.cliffmontresources.com 

 Drill core samples were analyzed by ALS Chemex Labs Ltd., an ISO  9001:2000 certified laboratory. Cliffmont maintains a QAQC program  whereby standard samples and blanks were inserted into each batch of  samples to ensure quality control. 

 Kieran Downes, P. Geo., a Qualified Person as defined by National  Instrument 43-101, has reviewed and verified the technical information  provided in this release. 

 ON BEHALF OF THE BOARD 

 "Jeff Tindale"  

 Jeff Tindale, President and CEO  

  About Cliffmont Resources: 

 Cliffmont Resources Ltd.  is a Vancouver-based company  focused on the exploration of precious and base metals in Colombia's  prolific San Luis mining district.  The Company has a 100% option in  the San Luis Project, comprising 2,701 hectares, including an  exploitation concession located on the Eastern flank of the Central  Cordillera of Colombia within the Department of Huila.  As a first  mover in one of Colombia's most prolific under-developed gold  districts, the Company is well funded and is currently conducting an  aggressive, but focused, exploration program. The San Luis Project  consists of a mineralized area that spans over 7km x 3km hosting  epithermal gold and silver targets, including multiple past producing  gold mines. 

 Forward Looking Statements.  

 This Company news release contains certain "forward-looking" statements  and information relating to the Company that are based on the beliefs  of the Company's management as well as assumptions made by and  information currently available to the Company's management. Such  statements reflect the current risks, uncertainties and assumptions  related to certain factors including, without limitations, competitive  factors, general economic conditions, customer relations, relationships  with vendors and strategic partners, the interest rate environment,  governmental regulation and supervision, seasonality, technological  change, changes in industry practices, and one-time events.  Should any  one or more of these risks or uncertainties materialize, or should any  underlying assumptions prove incorrect, actual results may vary  materially from those described herein.  

 "Neither TSX Venture Exchange nor its Regulation Services Provider (as  that term is defined in the policies of the TSX Venture Exchange)  accepts responsibility for the adequacy or accuracy of this release." 


SOURCE  Cliffmont Resources Ltd.




PDF available at:  http://stream1.newswire.ca/media/2012/10/11/20121011_C5992_DOC_EN_19116.pdf




Cliffmont Resources Ltd.


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