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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.02 | 0.015 | 0.025 | 0 | 01:00:00 |
The Company holds an option to purchase a 100% interest in the historic Rand district in Mineral County, Nevada. The Rand district hosts a series of old underground workings from the early 1900’s where small miners were exploiting very high grade, surface enriched mineralization via small shafts. Sampling by Goldcliff in 2019 returned values of 1,415 g/t Ag over 2 metres from a chip sample on the 100 ft level of the Nevada Rand shaft. On the 150 ft level a 0.5 metre chip returned 737 g/t Ag and a 1 metre chip 752 g/t Ag.
At the 100% owned Ainsworth silver property located near Kaslo, BC rock samples from float, sub crop and outcrop assayed up to 359 g/t and 355 g/t Ag in a reconnaissance programme in 2020. Follow up sampling in 2021 yielded a sub crop sample grading 1,381 g/t Ag. Goldcliff is the largest land holder in this historic district. Other than the Company’s prospecting activities, this district has received no modern systematic exploration for decades.
The Company holds an option to earn a 100% interest in the Kettle Valley project located near Rock Creek BC. This is a newly recognized epithermal mineralized occurrence. Although the focus at Kettle Valley is on gold, the silver component is very significant. Two of the best gold values in surface outcrop samples taken in late 2021 also assayed 181 g/t Ag and 93 g/t Ag respectively.
The Goldcliff team is continuing to formulate exploration plans for these projects. A series of subsequent News Releases will discuss the plans and details of each project.
Ed Rockel, P. Geo, qualified person as defined by National Instrument 43-101 supervised the preparation and verification of the technical information contained in this release.
For further information, please contact George W. Sanders, President, at 250-764-8879, toll free at 1-866-769-4802 or email at info@directroyalty.com.
GOLDCLIFF RESOURCE CORPORATION
Per: “George W. Sanders”
George W. Sanders, President
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.
Statements regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations, and include statements regarding the anticipated timing for closing of the second tranche of the Private Placement. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Except as required by law, the Company does not intend to update any changes to such statements.
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