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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Goldcliff Resource Corporation | TSXV:GCN | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.02 | 66.67% | 0.05 | 0.035 | 0.045 | 0.05 | 0.03 | 0.035 | 51,000 | 19:38:13 |
The 2008 drilling at the York-Viking zone were infill and zone extension holes. The infill holes were in the central part of the zone and the extension holes were towards the southwest margins. The southwest margin contains the Bonanza trench with surface vales of 17.37 ounces per tonne gold. The drilling, which consisted of 897metres, was conducted from three setups over a distance of 120 metres.
In the drill hole reporting format listed below, the gold grades for each hole are first reported as the continuous weighted average values of all gold sample results from the top to the bottom of the hole. Next, the drill hole is reported in reference to the GMZ (gold mineralized zone), which is above 0.20 g/t gold. In some holes, the entire hole is in the GMZ, while in others, the GMZ is disturbed by dykes containing marginal gold values. The dykes (ranging in widths up to 3 metres) divide the GMZ into separate zones for reporting.
Drill Hole Metres Total Metres Gold Hole 28-182 from 7.52 to 93.57 86.05 metres 0.11 g/t GMZ from 18.10 to 52.91 34.81 metres 0.20 g/t Including from 32.39 to 36.84 4.45 metres 0.53 g/t Hole 28-183 from 3.05 to 99.67 96.26 metres 0.25 g/t GMZ from 3.05 to 99.67 96.26 metres 0.25 g/t Including from 28.02 to 38.14 10.12 metres 1.23 g/t Hole 28-184 from 9.14 to 97.50 88.36 metres 0.09 g/t GMZ from 9.14 to 21.33 12.19 metres 0.21 g/t Including from 9.14 to 13.33 4.19 metres 0.45 g/t Hole 28-185 from 6.10 to 99.67 93.57 metres 0.14 g/t GMZ from 6.10 to 61.32 55.22 metres 0.20 g/t zone 1 from 8.10 to 13.10 5.00 metres 0.47 g/t zone 2 from 36.68 to 39.68 3.00 metres 0.50 g/t Hole 28-186 from 9.14 to 99.87 90.53 metres 0.10 g/t GMZ from 14.14 to 22.56 8.52 metres 0.21 g/t Hole 28-187 from 3.05 to 99.57 96.62 metres 0.50 g/t GMZ from 3.05 to 99.57 96.62 metres 0.50 g/t zone 1 from 3.05 to 16.15 13.10 metres 0.60 g/t zone 2 from 28.89 to 34.17 5.28 metres 1.03 g/t zone 3 from 44.57 to 49.57 5.00 metres 0.86 g/t zone 4 from 75.14 to 85.14 10.00 metres 1.01 g/t Hole 28-188 from 3.05 to 99.67 96.62 metres 0.41 g/t GMZ from 3.05 to 99.67 96.62 metres 0.41 g/t zone 1 from 12.05 to 25.05 13.00 metres 0.89 g/t zone 2 from 42.15 to 55.70 13.55 metres 0.60 g/t Hole 28-189 from 3.05 to 99.67 96.62 metres 0.52 g/t GMZ from 3.05 to 99.67 96.62 metres 0.52 g/t zone 1 from 7.05 to 27.05 20.00 metres 1.01 g/t zone 2 from 59.44 to 70.11 10.67 metres 1.01 g/t Hole 28-190 from 3.05 to 47.85 44.80 metres 1.55 g/t GMZ from 3.05 to 47.85 44.80 metres 1.55 g/t Including from 17.05 to 44.58 27.53 metres 2.02 g/t
The Panorama Ridge property is located four kilometres east of the historic Nickel Plate-Mascot mine that has produced 2.5 million ounces of gold. The gold mineralization on the Panorama Ridge gold property is related to the pervasive silica-iron alteration (skarn replacement) of the Upper Triassic Nicola Group sedimentary and volcanic rocks. The property was staked in 2000 after Goldcliff prospected new logging road outcrops that exposed skarn alteration. The property has mine-related infrastructure and is readily accessed by roads. Goldcliff has discovered several gold showings and four potentially-economic gold zones.
Leonard W. Saleken, PGeo (geologist), is the qualified person as defined by National Instrument 43-101 who supervised the preparation and verification of the technical information in this release.
GOLDCLIFF RESOURCE CORPORATION
George W. Sanders, President, Director
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or the accuracy of this news release, gcnnews20101.
Contacts: Goldcliff Resource Corporation George W. Sanders President 250-764-8879 or Toll Free: 1-866-769-4802 (604) 261-8994 (FAX) sanders@goldcliff.com or info@goldcliff.com www.goldcliff.com
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