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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 |
The Princeton Copper-Gold mining district is a world-class copper-silver-gold mining region hosting porphyry-style mineralization. The super-pit at the Copper Mountain mine consists of a copper resource of 518.6 million tons of 0.31% Cu containing 3.2 billion pounds of copper with gold-silver credits. The mine is scheduled to restart in 2011. The historical production in the Princeton mining district, together with Copper Mountain's current copper resource, totals 4.9 billion pounds.
The Goldcliff multi-sensor airborne geophysical survey indicates that the intrusive suite hosting the Copper Mountain deposits extend to the southwest through the Goldcliff claim block. Recent mapping by the BC Geological Survey confirms that the prospective geology extends onto the Company holdings. This geologic mapping, together with the historical data, provides strong evidence of structural settings that are magnetically similar to Copper Mountain ore deposition. The airborne geophysical signatures also indicate conductivity and potassic alteration patterns consistent with porphyry-style mineralization at Copper Mountain. The radiolithic ground survey was conducted to help determine rock types and alteration zones associated with mineral deposits.
The Goldcliff Copper Mountain-Tulameen project is a contiguous block of 56 mineral claims totalling 25,387 hectares. The claims were acquired by staking and are 100 per cent-owned by Goldcliff. The project area has established infrastructure, with the town of Princeton (British Columbia, Canada) as the centre of commercial activity. The project is situated west of Highway 3, a major route in the province of British Columbia, and contains abundant access roads. The project also has water and access to electrical power.
Leonard W. Saleken, PGeo (geologist) and Edwin R. Rockel, PGeo (geophysicist) are the qualified persons 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, gcnnews201013
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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