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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% | 0.03 | 0.025 | 0.03 | 0.03 | 0.03 | 0.03 | 10,000 | 01:00:00 |
Holes 28-111 through 28-113 were drilled in a southeast direction and intersected broad zones of GMZ. Notable intersections include 10.08 metres of 1.00 g/t gold in hole 28-112. One and two metre samples of highly elevated gold grades (3 g/t plus) were also encountered.
Holes 28-114 through 28-117 were drilled as step-outs to the northwest and returned little or no significant gold mineralization. These results clarify that the Nordic zone trends to the northeast and is offset from expansion to the northwest. The zone is open as it trends down the northeast slope, or the toe, of Panorama Ridge. The mineralization appears to be trending towards a previously untested (by trenching or drilling) geophysical (IP) anomaly. Similar anomalies on other parts of the property have been indicative of sulphides (pyrite and pyrrhotite) that occur with skarn alteration and gold mineralization.
Drill Hole Metres Total Metres Gold Hole 28-110 Total hole from 4.14 to 99.36 metres 95.22 meters 0.25 g/t Au GMZ from 4.14 to 99.36 metres 95.22 metres 0.25 g/t Au Including from 66.29 to 82.29 metres 16.00 metres 1.06 g/t Au And from 66.29 to 68.29 metres 2.00 metres 5.73 g/t Au Hole 28-111 Total hole from 3.66 to 99.36 metres 95.70 metres 0.17 g/t Au GMZ from 3.66 to 57.44 metres 53.78 metres 0.20 g/t Au Hole 28-112 Total hole from 3.66 to 99.67 metres 96.01 metres 0.22 g/t Au GMZ from 3.66 to 99.67 metres 96.01 metres 0.22 g/t Au Including from 40.69 to 50.77 metres 10.08 metres 1.00 g/t Au And from 49.77 to 50.77 metres 1.00 metre 6.10 g/t Au Hole 28-113 Total hole from 3.66 to 99.67 metres 96.01 metres 0.14 g/t Au GMZ from 17.03 to 56.61 metres 39.58 metres 0.20 g/t Au Including from 30.16 to 40.61 metres 10.45 metres 0.53 g/t Au
Additional results from the Nordic zone are anticipated over the next several weeks.
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, gcnnews20103.
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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