Goldcliff Drills 44.80 Metres of 1.55 g/t Gold at Panorama Ridge
January 06 2010 - 12:17PM
Marketwired
George W. Sanders, President of Goldcliff Resource Corporation (TSX
VENTURE: GCN) is pleased to report the results of nine holes
drilled late in the 2008 field season on the York-Viking zone of
the Panorama Ridge gold property located near Hedley, British
Columbia, Canada. Several multi-metre intersections of plus - 1.00
grams gold per tonne were encountered in this drilling, highlighted
by 44.80 metres of 1.55 g/t gold in hole 190. Other strong
intersections include 10.12 metres of 1.23 g/t gold in hole 183, 10
metres of 1.01 g/t gold in hole 187, 20 metres of 1.01 g/t gold and
a lower section of 10.67 metres of 1.01 g/t gold in hole 189, and a
section in hole 190 that ran 2.02 g/t gold over 27.53 metres.
The 2008 drilling at the York-Viking zone were infill and zone
extension holes. The infill holes were in the central part of the
zone and the extension holes were towards the southwest margins.
The southwest margin contains the Bonanza trench with surface vales
of 17.37 ounces per tonne gold. The drilling, which consisted of
897metres, was conducted from three setups over a distance of 120
metres.
In the drill hole reporting format listed below, the gold grades
for each hole are first reported as the continuous weighted average
values of all gold sample results from the top to the bottom of the
hole. Next, the drill hole is reported in reference to the GMZ
(gold mineralized zone), which is above 0.20 g/t gold. In some
holes, the entire hole is in the GMZ, while in others, the GMZ is
disturbed by dykes containing marginal gold values. The dykes
(ranging in widths up to 3 metres) divide the GMZ into separate
zones for reporting.
Drill Hole Metres Total Metres Gold
Hole 28-182 from 7.52 to 93.57 86.05 metres 0.11 g/t
GMZ from 18.10 to 52.91 34.81 metres 0.20 g/t
Including from 32.39 to 36.84 4.45 metres 0.53 g/t
Hole 28-183 from 3.05 to 99.67 96.26 metres 0.25 g/t
GMZ from 3.05 to 99.67 96.26 metres 0.25 g/t
Including from 28.02 to 38.14 10.12 metres 1.23 g/t
Hole 28-184 from 9.14 to 97.50 88.36 metres 0.09 g/t
GMZ from 9.14 to 21.33 12.19 metres 0.21 g/t
Including from 9.14 to 13.33 4.19 metres 0.45 g/t
Hole 28-185 from 6.10 to 99.67 93.57 metres 0.14 g/t
GMZ from 6.10 to 61.32 55.22 metres 0.20 g/t
zone 1 from 8.10 to 13.10 5.00 metres 0.47 g/t
zone 2 from 36.68 to 39.68 3.00 metres 0.50 g/t
Hole 28-186 from 9.14 to 99.87 90.53 metres 0.10 g/t
GMZ from 14.14 to 22.56 8.52 metres 0.21 g/t
Hole 28-187 from 3.05 to 99.57 96.62 metres 0.50 g/t
GMZ from 3.05 to 99.57 96.62 metres 0.50 g/t
zone 1 from 3.05 to 16.15 13.10 metres 0.60 g/t
zone 2 from 28.89 to 34.17 5.28 metres 1.03 g/t
zone 3 from 44.57 to 49.57 5.00 metres 0.86 g/t
zone 4 from 75.14 to 85.14 10.00 metres 1.01 g/t
Hole 28-188 from 3.05 to 99.67 96.62 metres 0.41 g/t
GMZ from 3.05 to 99.67 96.62 metres 0.41 g/t
zone 1 from 12.05 to 25.05 13.00 metres 0.89 g/t
zone 2 from 42.15 to 55.70 13.55 metres 0.60 g/t
Hole 28-189 from 3.05 to 99.67 96.62 metres 0.52 g/t
GMZ from 3.05 to 99.67 96.62 metres 0.52 g/t
zone 1 from 7.05 to 27.05 20.00 metres 1.01 g/t
zone 2 from 59.44 to 70.11 10.67 metres 1.01 g/t
Hole 28-190 from 3.05 to 47.85 44.80 metres 1.55 g/t
GMZ from 3.05 to 47.85 44.80 metres 1.55 g/t
Including from 17.05 to 44.58 27.53 metres 2.02 g/t
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, gcnnews20101.
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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