Copper Mountain Style Deposit-Targets on Goldcliff Claims
September 14 2010 - 12:21PM
Marketwired
George W. Sanders, President of Goldcliff Resource Corporation (TSX
VENTURE: GCN), reports that a detailed review of historic data
bases, combined with Company field work, confirms that Goldcliff's
Copper Mountain-Tulameen holdings host the ideal setting for Copper
Mountain style porphyry copper-gold deposits. On the Goldcliff
holdings, three porphyry exploration targets have been identified
that contain copper and gold mineralization. These targets require
detailed ground exploration to establish drill targets.
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.
Goldcliff has established three large target areas for detailed
ground exploration. The three targets are Whipsaw, Lamont and 15
Mile. 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 values. The
historic data has been geo-referenced to the geographic coordinate
system (UTM-GPS).
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
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, gcnnews20109
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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