howestreetbull
14 years ago
Goldcliff Develops Whipsaw Target at TulameenGOLDCLIFF RESOURCE CORP GCN 2/10/2011 1:23:27 PMVANCOUVER, BRITISH COLUMBIA, Feb 10, 2011 (MARKETWIRE via COMTEX News Network) --
George Sanders, President of Goldcliff Resource Corporation (TSX VENTURE: GCN), reports that, of the six targets currently developed on the Tulameen Project, the Whipsaw area has emerged as the highest priority target for porphyry copper deposit discovery potential. The Tulameen Project claims are a contiguous block of 29,872 hectares located in the Princeton mining district in British Columbia, Canada, The claim block, which is 100-per cent-owned by Goldcliff, is west of Highway #3 and situated between the Copper Mountain and Whipsaw copper camps. The 40 square kilometres Whipsaw Target area is within the SW-NE Copper Mountain copper trend and demonstrates a strong correlation of geological, geochemical and geophysical features associated with copper porphyry deposit discovery.
Goldcliff has developed six targets on the Tulameen Project that have porphyry copper deposit discovery potential. The project area is underlain by Upper Triassic Nicola Group sediment and volcanic rocks that have been intruded by Copper Mountain diorite intrusions. The Copper Mountain orebodies are located to the northeast of the project. Goldcliff's claims contain several copper-silver-gold showings, including the Nev, Wilmac and Lam showings. The Whipsaw Target, which covers 40 square kilometres and is centrally situated along the Copper Mountain SW-NE copper trend, is the highest priority exploration target.
The Whipsaw Target area contains the Nev, Eagle and Raven malachite copper showings, along with a weak copper soil geochemical anomaly. Goldcliff has prospected these showings, as well as much of the claim block, and conducted geochemical sampling. The Goldcliff stream sediment geochemical anomalous values in the Whipsaw Target area are moderate in copper, strong in gold and weak in silver. The other base metals are weak to moderate (Mo, Ni, Pb, Zn). The significant pathfinder elements are moderate to strong (As, Bi, Co, Sb). The Goldcliff multi-sensor airborne geophysical survey has detected a strong airborne magnetic response that is similar to the magnetic response at Copper Mountain. Along the peripheries of the Whipsaw Target area are numerous copper showings that contain malachite, chalcopyrite, bornite and chalcocite, along with other base and precious metals. Goldcliff's Nev, Eagle and Raven copper showings are along the Copper Mountain copper trend.
The Whipsaw copper camp is southwest of the Goldcliff claim block. The camp contains several showings of copper, gold, silver, molyb-denum, zinc and lead mineralization, including the BZ porphyry copper-gold zone. The mineralization is related to the Otter porphyry stock. This Late Cretaceous to Middle Tertiary stock intrudes the mineralized contact between the Upper Triassic Nicola Group sediment and volcanic rocks and the Jurassic-Cretaceous Eagle granodi-orite. Copper, molybdenum and gold mineralization occurs mainly in the Nicola Group rocks, and is related spatially to the peripheries of the Otter porphyry stock. The drilling programs (9,163 metres) over the years have outlined extensive areas of 0.2-0.3% copper porphyry mineralization accompanied by molybdenum and gold. The Whipsaw copper camp has a similarly strong airborne magnetic response to that present at the Copper Mountain copper deposits and the Goldcliff Whipsaw Target.
Leonard W. Saleken, PGeo (geologist), Edwin R. Rockel, PGeo (geophysicist), and Sam Zastavnikovich, PGeo (geochemist), 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, gcnnews201101.
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
SOURCE: Goldcliff Resource Corporation
mailto:sanders@goldcliff.com mailto:info@goldcliff.com http://www.goldcliff.com
Copyright 2011 Marketwire, Inc., All rights reserved.
howestreetbull
14 years ago
Goldcliff Highlights Prime Silver Target
Last Update: 10/7/2010 2:54:52 PM
VANCOUVER, BRITISH COLUMBIA, Oct 07, 2010 (MARKETWIRE via COMTEX) -- George W. Sanders, President of Goldcliff Resource Corporation (tsx venture:GCN), reports that Goldcliff has established a prime silver exploration target area, known as the Big-C, on the Company's 100-percent-owned Ainsworth claim block near Kaslo, British Columbia, Canada. The Big-C target is a multi-sensor airborne geophysical conductor system that contains strongly anomalous silver values of 2.94 grams per tonne silver and pathfinder elements. The Big-C airborne geophysical conductor system is over 500 metres in width and 700 metres in length. The geophysical anomaly has multi-geophysical features with a strong electro-magnetic conductor that trends in a northwest direction. The corresponding anomalous silver values range from 1.02 to 2.92 grams/tonne. The Big-C target is located approximately one kilometre north of the historic No.One silver mine in the Kootenay Mining Region. The No.One mine has produced 1,993,818 ounces of silver at a grade of 49.64 ounces per ton (1,707.78 grams/tonne), with much of this silver ore occurring as native silver (wire-silver). The Big-C target area is completely overburden-covered and the targets are interpreted to be near surface in a similar geological setting to the No.One mine. Permits are in place for trenching and drilling in the Big-C area.
The Big-C target is situated on a topographic-high saddle with good road access for easy ground exploration. The airborne conductive system has been verified by ground geophysics. The initial soil geochemical sampling survey over the conductor is returning strongly anomalous silver values in the range of 1.02 to 2.94 grams/tonne. The pathfinder elements are anomalous in arsenic (56.3 ppm As), cadmium (5.19 ppm Cd), cobalt (172.9 ppm Co), chrome (1345 ppm Co), copper (372 ppm Cu), iron (36.28 % Fe), lead (539 ppm Pb), molybdenum (16 ppm Mo), nickel (361 ppm Ni) and zinc (466 ppm Zn). The pathfinder elements are characteristic of the No.One mine silver ore mineralization and of the other Kootenay Arc silver deposits in the Kootenay Mining Region.
Conducted in 2007, Goldcliff's multi-sensor airborne geophysical survey detected 22 geophysical anomalies with silver exploration potential. Covering a distance of approximately 25 kilometres, these anomalies - which have been developed into five exploration target areas -- are situated in a belt of Kootenay Arc geology that occurs between the Ainsworth and Kaslo-Keene Creek silver camps. To date, preliminary ground exploration on two of the targets (Big-C and Bjerk) have returned positive results and indicated promising silver potential. The Big-C target is located north of Ainsworth and the Bjerk target is located south of Kaslo.
The Kootenay Mining Region has historic silver production totalling 99.6 million ounces. The Kootenay Mining Region is situated in the Kootenay Arc, a similar geological setting to the Coeur d'Alene silver camp. The Coeur d'Alene silver camp (Idaho, USA), in which mines are still producing silver, has a reported historic silver production of 1.2 billion ounces. The Ainsworth and Kaslo-Keene Creek silver camps have historic silver production of 4.65 million ounces.
The Kootenay Mining Region is located in the central part of the Kootenay Arc, a curving belt of complexly deformed Paleozoic rocks (older rocks). These older rocks have been intruded by Mesozoic and Cenozoic intrusive rocks, and range in age from Lower Cambrian to Upper Triassic. The older rocks are mica schists, limestones, homblende schists, quartzites and slates of the Lardeau, Milford, and Kaslo Formations, and the Slocan Group. Throughout the region, the rocks are metamorphosed, foliated and faulted in a north-south direction. The silver ore mineralization is associated with pyrite, galena, sphalerite, chalcopyrite, pyrrhotite and arsenopyrite. At the No.One mine, the silver ore was native silver (wire-silver).
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, gcnnews201012
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
SOURCE: Goldcliff Resource Corporation
mailto:sanders@goldcliff.com
mailto:info@goldcliff.com
http://www.goldcliff.com
Copyright 2010 Marketwire, Inc., All rights reserved.
howestreetbull
14 years ago
Goldcliff Resource Corporation: Copper Mountain Exploration in Progress
Last Update: 10/4/2010 2:58:48 PM
VANCOUVER, BRITISH COLUMBIA, Oct 4, 2010 (Marketwire via COMTEX) -- George W. Sanders, President of Goldcliff Resource Corporation (GCN), reports that exploration work on the Copper Mountain-Tulameen project is in progress. On the Goldcliff holdings, three porphyry exploration targets have been identified that contain copper and gold mineralization similar to the Copper Mountain ore deposits. These targets require detailed ground exploration to establish drill target priority. The exploration work in progress will determine which target will be ready to drill for the next copper-gold porphyry deposit in the Princeton Copper-Gold mining district.
Goldcliff's field work is focused on the Whipsaw, Lamont and 15 Mile target areas. The Whipsaw target contains three copper showings. The Lamont target contains five copper showings and one copper-gold showing. The 15 Mile target contains silica-carbonate alteration areas associated with strongly anomalous stream sediment gold and silver values. The historic data has been geo-referenced to the geographic coordinate system (UTM-GPS) and the copper showings are being investigated for ground-truthing.
The Princeton Copper-Gold mining district hosts the historic Copper Mountain mine, which contains copper-gold porphyry-type ore. Copper Mountain Mining Corporation is restarting the mine and is currently in the construction phase. The historical production from the ore was 1.7 billion pounds of copper, 8.4 million ounces of silver and 0.62 million ounces of gold. Current measured and indicated resources are 518.6 million tons of 0.31% Cu containing 3.2 billion pounds of copper with gold-silver credits. The project is 75 per cent-owned by Copper Mountain Mining Corporation and 25 per cent-owned by Mitsubishi Materials Corporation.
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 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 similar to Copper Mountain ore deposition. The Airborne geophysical signatures also indicate conductivity and alteration patterns consistent with porphyry-style mineralization at Copper Mountain.
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), 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
SOURCE: Goldcliff Resource Corporation
Goldcliff Resource CorporationGeorge W. SandersPresident250-764-8879 or Toll Free: 1-866-769-4802250-764-8879(FAX)sanders@goldcliff.com or info@goldcliff.comwww.goldcliff.comCopyright (C) 2010 Marketwire. All rights reserved.
howestreetbull
14 years ago
Goldcliff Resource Corporation: New Gold Targets at Panorama-Winters East
Last Update: 9/30/2010 2:40:11 PM
VANCOUVER, BRITISH COLUMBIA, Sep 30, 2010 (MARKETWIRE via COMTEX) -- George W. Sanders, President of Goldcliff Resource Corporation (tsx venture:GCN), reports that the Company has identified a new gold target area on the Panorama Ridge property near Hedley, British Columbia, Canada. Named Winters East, this area is located two kilometres southeast of the Panorama Ridge gold zones. The rock samples from the area have returned gold values that range from 0.195 to 0.410 grams gold per tonne. A stream sediment sample from a creek situated in the area contains 1.260 grams gold per tonne. Within Winters East, a cluster of targets have been identified that contain exploration signatures similar to Panorama Ridge, thereby extending the gold exploration potential on the Goldcliff Panorama Ridge property.
Based upon Goldcliff's exploration results from the surface work (2009), an airborne multi-sensor geophysical survey (2008) and the historical data, a cluster of three targets has been identified in a large overburden-covered area in Winters East. This cluster contains the King, Queen and Prince targets, which are represented as individual airborne magnetic-high responses that are peripheral to a prominent east-west trending magnetic low feature. Approximately 3.6 square kilometres in size, the Winters East area contains similar geology and gold mineralization to the Panorama Ridge gold zones and the Nickel Plate-Mascot gold mine.
The King target is the most advanced target in the Winters East area. The airborne magnetic-high anomaly is confirmed by a ground magnetic-high anomaly generated in 1984. The two magnetic anomalies are coincidental and represent an area of 0.50 square kilometres. A corresponding gold soil geochemical anomaly of plus-50 parts per billion gold occurs over an area of 0.30 square kilometres.
The rock samples collected by Goldcliff correspond to the magnetic-high and gold soil anomalies. The three rock samples (float) returned gold values of 0.195, 0.340 and 0.410 grams per tonne. The rocks are green silicifed sediment containing magnetite and abundant pyrite and pyrrhotite sulphides. The important associate pathfinder minerals are arsenic (As), bismuth (Bi), copper (Cu), molybdenum (Mo) and tellurium (Te). Bisected by a prominent northwest trending fault, the King target area has similar exploration signatures to Panorama Ridge.
The Queen target area is located approximately one kilometre north of the King and about one kilometre southeast of the Nordic gold zone at Panorama Ridge. The Queen target area contains an airborne magnetic-high anomaly representing an area of 0.40 square kilometres in glacial cover. A rock sample (float) collected by Goldcliff corresponds to the magnetic-high and contains 0.165 grams per tonne gold. The rock is green brecciated sediment containing pyrite. The important associate pathfinder minerals are copper (Cu) and molybdenum (Mo). The two stream sediment samples, which were collected by Goldcliff in a creek draining the Queen target area, returned gold values of 1260 parts per billion (1.26 g/t) and 230 parts per billion (0.23 g/t). The Queen target is bisected by the same prominent northwest trending fault that extends from the King target.
The Prince target area is approximately 250 metres northwest of the King target. The Prince target area contains an airborne magnetic-high anomaly representing an area of 0.30 square kilometres. The Prince showing was probably discovered in the early 1900s and prospected by hand-pitting. In 1986, a previous operator conducted a small magnetic ground survey that obtained a magnetic-high response over the Prince showing. A trench was excavated on the showing (1986) and the five grad samples from the trench contained gold values ranging from 1 to 22 ppb gold (gold average 9 ppb), with elevated associate pathfinder minerals of copper (Cu) and molybdenum (Mo).
In 2009, Goldcliff sampled the Prince showing trench and collected nine samples that returned gold values ranging from 5 to 65 ppb gold (gold average 25 ppb). The associate pathfinder minerals are strong, and very significantly related to gold mineralization. The average values for the pathfinder minerals are as follows: silver (1.84 g/t), arsenic (1379 ppm), bismuth (2.7 ppm), copper (403 ppm), molybdenum (2.6 ppm), lead (54 ppm) and zinc (259 ppm). The samples are from green silicified rocks containing pyrite. The intrusive rock associated with the mineralization is a Hedley diorite.
The three target areas surround individual topographic highs of 1860 to 1880 metres elevation. This elevation is similar to the elevation at Panorama Ridge and suggests that the gold mineralization is associated with buried silicified-sulphide altered knobs that correspond to the magnetic-high airborne geophysical anomalies. The Winters East target cluster is forested and overburden-covered with very little outcrop.
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 four potentially economic gold zones on the Panorama Ridge area and has identified the Winters East area to have similar exploration potential.
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, gcnnews201010
Contacts:
Goldcliff Resource Corporation
George W. Sanders
President, Director
(250) 764-8879 or Toll Free: 1-866-769-4802
(604) 261-8994 (FAX)
sanders@goldcliff.com or info@goldcliff.com
www.goldcliff.com
SOURCE: Goldcliff Resource Corporation
mailto:sanders@goldcliff.com
mailto:info@goldcliff.com
http://www.goldcliff.com
Copyright 2010 Marketwire, Inc., All rights reserved.
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