Cliffmont drills 39.24 g/t gold and 15.35 g/t silver over 2.40 metres in initial drill campaign at San Luis Project, Huila, C...

        






Cliffmont drills 39.24 g/t gold and 15.35 g/t silver over 2.40 metres in initial drill campaign at San Luis Project, Huila, Colombia

VANCOUVER, Jan. 8, 2013 /CNW/ - Cliffmont Resources Ltd. (TSX-V - CMO) ("Cliffmont" or the "Company") is pleased to announce further drill results from the 2012 Phase I drill program at the San Luis Project in Huila Department, Colombia. A total 2203.9 metres (12 holes) from the San Jorge, El Callao and Merceditas prospects are being reported.   Further drill results are expected shortly from the La Julia area which lies in the north of the property and is a newly identified gold target. Cliffmont's current drill program is the first drill program ever undertaken on the San Luis project.

Jeff Tindale, President and CEO states, "We are very pleased with the drill results from San Jorge and El Callao as they confirm the mineralization continues at depth and also confirm that the areas of high grade mineralization seen in historical underground sampling can potentially be mined in the future. The Company is currently assessing options for drifting on the mineralized veins to fully explore them and to delineate areas of potential economic mineralization for a possible small scale mining operation."

The Company's strategy is to test for continuity of mineralization below past producing mines. The plan includes the evaluation and blocking out of mineralization to explore the possibilities of a near term production decision while continuing to explore and evaluate numerous other larger areas of wider mineralization. The San Jorge prospect has two exploitation contract concessions and is the first area for advanced development work in the extensive San Luis project area.

San Jorge Mine Drilling: See Figure 1 (http://files.newswire.ca/1115/figure_1.pdf)

The drill program's objective was to confirm historical channel sampling performed by TVX Mineria Ltd. in 1997 which 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 and to extend the mineralization at depth. (See Press Release May 31, 2012).

Drill hole SLD-19 intersected the mineralization at a depth of approximately 80 metres and approximately 50m north of SLD-01:

• 39.24  g/t gold & 15.35 g/t silver over 2.40 metres including 0.40 metres averaging 235 g/t gold and 90.70 g/t silver

The intersection, which is open, confirms the continuity of mineralization below the mine and to the north.

Cliffmont has confirmed through its recent drilling that the northern high grade gold and silver mineralization at San Jorge increases in grade to at least 80 metres depth and remains open. Holes SLD-01 and SLD-19 cut higher grade intersections than any historical sampling. Both holes were drilled below historical workings from which sampling returned the following intercept (News Release of May 31, 2012):

• Vein and wallrock combined: 45.04 metres samples averaged 1.66 g/t gold and 0.56 g/t silver over a width of 1.66 metres

The results indicate a sizeable area of potential mineralization that requires drill testing as shown in Figure 1 (http://files.newswire.ca/1115/figure_1.pdf).

El Callao Mine Drilling:

The drill program's objective was to test and extend to depth historical mineralization in the El Callao vein identified by TVX Mineria Ltd. in 1997. The mineralization averaged 8.74 g/t gold over a width of 1.07 metres along a length of 115 metres (see Press Release August 23, 2012).

Highlights:

• SLD-08, drilled ~ 75 metres under the old workings, intersected 1.49 g/t gold & 4.62 g/t silver over  9.14 metres, including 12.12 g/t gold, 27.96 g/t silver, 0.2% copper, 1.87% lead & 0.75% zinc over 0.92 metres. The intersection has extended the mineralization to a depth of approximately 75 metres beneath the old mine workings.
• SLD-10, drilled ~ 10 metres under the old workings, intersected  0.60 g/t gold & 3.38 g/t silver over 3.05 metres including 2.59 g/t gold, 15.00 g/t silver, 3.58% lead & 2.93% zinc over 0.55 metres.
• SLD-13, drilled ~60 metres under the old workings, intersected 1.58 g/t gold & 3.91 g/t silver over 4.18 metres including 5.55 g/t gold, 14.42 g/t silver, 1.01% lead & 1.38% zinc over 0.95 metres.

The mineralization remains open along strike and to depth.

Hole SLD-14 was drilled ~ 210 metres south of hole SLD-13 to test for a north trending structure. There were no significant intersections in the hole.

A total of six holes (1049.5 metres) were drilled at Callao. See Figure 2 (http://files.newswire.ca/1115/figure_2.pdf)

Merceditas Drilling:

The drill program's objective was to confirm continuity at Merceditas. Limited work has been completed at the mine due to accessibility.

Five holes (974 metres) were drilled to test the continuity of the Merceditas gold-silver mineralization. As previously reported (News Release of October 11, 2012) hole SLD-05 intersected:

• A significant and shallow new zone of silver-gold mineralization, starting at 2.50 metres depth and approximately 100 metres above the mine workings as seen below in Table 1.
• 8.23 g/t gold over 1.45 metres in the primary vein structure approximately 50 metres below the mine workings.
• 8.21 g/t gold in a new vein structure located approximately 7.00 metres below the primary vein structure.

Table 1 - Significant Intersections in Hole SLD-05

Hole	From (m)	To (m)	Interval (m)*	Au g/t	Ag g/t
SLD-05	2.50	29.5	27.00	0.20	135.80
includes	11.50	19.00	7.50		481.30
and	16.00	19.00	3.00		1175.50
SLD-05	179.65	192.5	12.85	1.70
Includes	183.90	185.40	1.45	8.23
and	184.65	185.40	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.

Hole SLD-06 was drilled as an undercut to SLD-05 to test the mineralization at depth. It is interpreted to have cut the host structure. Holes SLD-07, 09 and 12 were drilled from the same platform approximately 50 metres southeast of SLD-05.  Holes SLD-07 and 09 did not intersect the structure/mineralization because of severe deviation problems. However, hole SLD-12 did intersect 19.0 metres with anomalous gold mineralization at 215 metres down hole which indicates the Merceditas mineralization likely continues to depth. Hole SLD-15 was drilled to test the mineralization approximately 50 metres northwest of hole SLD-05. It intersected elevated to anomalous gold values from 85.0 to 92.0 metres down hole.

Table 2  - Significant Drill Intersections

Prospect	Hole	From	To	Interval *	Au	Ag	Cu	Pb	Zn
	#	(m)	(m)	(m)	g/t	g/t	ppm	ppm	ppm
San Jorge	SLD-19	163.30	165.70	2.40	39.24	15.35
	incl	163.30	163.70	0.40	235.00	90.70
		175.00	176.00	1.00	0.03	323.00	1040
El Callao	SLD-08	85.50	94.64	9.14	1.49	4.62
	incl	86.30	87.22	0.92	12.12	27.96	2000	18770	7559
	SLD-10	98.45	101.50	3.05	0.60	3.38	49	6545	5414
	incl	98.45	99.00	0.55	2.59	15.00	115	35800	29300
	SLD-11	No Significant Values
	SLD-13	97.00	101.18	4.18	1.58	3.91	121	2416	3494
	incl	99.70	100.65	0.95	5.55	14.42	377	10177	13832
	SLD-14	No Significant Values
	SLD-16	85.60	91.50	5.90	0.11	0.91
Merceditas	SLD-06	No Significant Values
	SLD-07	Technical Problems - No Significant Values
	SLD-09	Technical Problems - No Significant Values
	SLD-12	215.00	234.00	19.00	0.32
	incl	215.00	216.50	1.50	0.75	0.40
	and	216.00	216.50	0.50	2.03	0.90
	SLD-15	No Significant Values

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

Table 3  - Drill Hole Specifications

Hole_ID	X_Coor	Y_Coor	Altitude (m)	EOH (m)	Azimuth	Dip	Location
SLD-06	441137	341127	1893	340.5	22	-81	Merceditas
SLD-07	441177	341099	1915	50.5	10	-70	Merceditas
SLD-08	440787	337393	2200	171	352	-50	Callao
SLD-09	441177	341099	1915	59	10	-70	Merceditas
SLD-10	440787	337393	2200	200.5	352	-75	Callao
SLD-11	440857	337421	2243	141.5	344	-57	Callao
SLD-12	441177	341099	1915	275	18	-70	Merceditas
SLD-13	440943	337421	2263	175.5	332	-52	Callao
SLD-14	440919	337213	2275	175.5	304	-62	Callao
SLD-15	441075	341121	1898	249	27	-58	Merceditas
SLD-16	440787	337393	2200	185.5	315	-50	Callao
SLD-19	439367	337917	1965	180.4	342	-70	San Jorge

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. (TSX-V:CMO) 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 well-funded first mover in one of Colombia's most prolific under-developed gold districts, the Company is conducting an aggressive and focused exploration program. The San Luis Project consists of a 7km x 3km mineralized area that spans 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.

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