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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.015 | -30.00% | 0.035 | 0.035 | 0.04 | 0.035 | 0.035 | 0.035 | 30,000 | 19:02:25 |
These are the first holes drilled in the Thor zone, and they establish an important continuity of gold mineralization along the 1000 metres of trend from the Tower and York-Viking zones (in the southwest) to the Nordic zone (in the northeast). Much more drilling will be required in the Thor zone in order to better determine the geometry of the Gold Mineralized Zone (GMZ) in this area.
The Thor zone gold drilling results are summarized as follows:
Drill Hole Metres Total Metres Gold Hole 28-144 Total Hole from 3.21 to 99.67 metres 96.46 0.15 g/t GMZ from 3.21 to 33.77 metres 30.56 0.20 g/t Including from 3.21 to 6.21 metres 3.00 1.17 g/t Hole 28-145 Total Hole from 3.27 to 99.67 metres 96.40 0.19 g/t GMZ from 3.27 to 83.51 metres 80.24 0.20 g/t Including from 70.99 to 79.51 metres 8.52 0.72 g/t Hole 28-146 Total Hole from 3.05 to 99.67 metres 96.62 0.22 g/t GMZ from 3.05 to 99.67 metres 96.62 0.22 g/t Including from 4.05 to 14.05 metres 10.00 0.51 g/t Hole 28-147 Total Hole from 3.21 to 99.67 metres 96.46 0.21 g/t GMZ from 3.21 to 99.67 metres 96.46 0.21 g/t Including from 3.21 to 6.21 metres 3.00 1.19 g/t And including from 64.79 to 76.02 metres 11.23 0.60 g/t Hole 28-148 Total Hole from 3.05 to 99.67 metres 96.62 0.18 g/t GMZ from 3.05 to 61.73 metres 58.68 0.20 g/t Including from 3.05 to 8.05 metres 5.00 1.06 g/t And including from 44.19 to 47.49 metres 3.30 0.74 g/t Hole 28-149 Total Hole from 3.28 to 99.67 metres 96.39 0.16 g/t GMZ from 3.28 to 56.71 metres 53.43 0.20 g/t Including from 32.35 to 39.71 metres 7.36 1.03 g/t And including from 34.35 to 35.71 metres 1.36 6.35 g/t Hole 28-150 Total Hole from 3.05 to 99.67 metres 96.62 0.09 g/t GMZ from 3.05 to 56.71 metres 42.88 0.20 g/t Hole 28-151 Total Hole from 3.05 to 99.67 metres 96.62 0.17 g/t GMZ from 3.05 to 25.05 metres 22.00 0.20 g/t Including from 3.05 to 6.05 metres 3.00 0.65 g/t
On the Panorama Ridge property, the gold mineralization continuity at surface and at depth is related to a disseminated gold envelop - referred to as the gold mineralized zone (GMZ) - that grades 0.20 grams gold per tonne or better. The GMZ defines the economic limits and potential for large disseminated gold deposits on the Panorama Ridge gold property
In 2000, Goldcliff staked the Panorama Ridge property based on gossan outcrops (iron rich rocks) that were exposed on new logging roads along the ridge. The ensuing exploration activities have discovered ten gold showings. Four of the showings - the York-Viking, Nordic, Thor and Tower - have developed into significant zones of gold mineralization. The gold mineralization occurs in a sedimentary-volcanic hosted rock sequence of the Upper Triassic Nicola Group, Hedley Formation. The gold values on the property occur over an extensive surface area and to considerable drill depths. The gold mineralization is mainly disseminated in nature and associated with silica-sulphide alteration (skarn). The higher grade gold horizons and quartz veins occur within the broadly disseminated gold envelope (GMZ). The disseminated gold envelope contains zones of gold mineralization that range from 0.20 grams per tonne gold to over one ounce gold per ton (34.286 grams per tonne).
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, gcnnews20106
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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