Goldcliff Extends Underground Sampling at Nevada Rand
November 19 2019 - 7:45AM
George Sanders, President of Goldcliff Resource Corporation
(“Goldcliff” or the “Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS)
reports geologic consultants specialising in old mine workings have
accessed, mapped and sampled the lower levels of the Nevada Rand
shaft and the upper levels of the Number 2 shaft at the Lone Star
mine. Additional sampling on the 250-foot level of the Nevada Rand
shaft demonstrates the continuity of strong grade silver and gold
mineralization. Sampling around old ore chutes in the southeast
extension of the mine returned 491g/t silver with 5.6 g/t gold (one
metre rock chip sample) and 208 g/t silver with 5.29 g/t gold (grab
sample from ore chute). The 250-foot level contains the most stoped
areas in the mine. Raises and stopes follow the structure for 75
metres along a northwest-southeast strike. Mined areas on the
250-foot level extend to the southeast much further than at the
150-foot level above and at the level below. This suggests
potential for new mineralization to the southeast, both up and down
dip.
The Lone Star workings are approximately 150 to 575 metres east
of the Nevada Rand shaft and are comprised of three shafts.
Goldcliff consultants accessed the middle or Number 2 shaft and
were able to map and sample extensive drifting on the 135-foot
level. The length of the drift along the vein is 324 metres. Most
of the drift follows a quartz vein, and although mineralized, the
lack of stoping suggests the miners of the era found the grade
insufficient to support shipment to a mill for processing.
Break-even costs in the early 1900's were around $10/ton (0.5
oz/ton gold equivalent). This presents an opportunity on the Nevada
Rand property to develop this mineralization as it may be of
economic interest at today's metal prices.
The Lone Star shaft was developed to a depth of 550 feet
(183.3m) with levels approximately every 100 feet (33m). A partial
blockage at the 135-foot level (45m) has temporarily slowed
progress toward a thorough analysis of the workings but completion
is anticipated in the coming months.
From the mapping so far and previous reports it is postulated
that most of the ore that was shipped from the Lone Star claim
group was recovered from the 3rd shaft or easternmost mine which
remains untested at this time. Results from sampling on the
135-foot level should be available in four to six weeks.
Ed Rockel, P. Geo, qualified person as defined by National
Instrument 43-101 supervised the preparation and verification of
the technical information contained in this release.
For further information, please contact George W. Sanders,
President, at 250-764-8879, toll free at 1-866-769-4802 or email at
info@directroyalty.com.
GOLDCLIFF RESOURCE CORPORATION
Per: “George W. Sanders”
George W. Sanders, President
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.
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