Goldcliff Drilling Discovers Potential Bulk Tonnage Target at Nevada Rand; Land Position Expanded
May 06 2020 - 7:00AM
George Sanders, President of Goldcliff Resource Corporation
(“Goldcliff” or the “Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS) is
pleased to report a new discovery from the maiden drill programme
at the Nevada Rand property in Mineral County, Nevada. Hole RD-7,
the final hole of the programme intersected a broad zone of
disseminated gold mineralization consistent with the grades of many
Nevada deposits and open pit mines. The 21-foot (6.40 metres) zone
averaged 0.28 g/t with all but two samples ranging from 0.18 g/t to
1.19 g/t. Hole RD-7 was drilled at – 70 degrees to the northwest.
The well mineralized zone was intersected at 220 feet (67.06
metres) down the hole and is at a shallow 206.7 feet (63.06 metres)
depth vertically below surface. This zone is not vein related and
Goldcliff’s geologic team is highly encouraged by the disseminated
nature of the mineralization.
Hole 7 was a “wildcat” location to test the Quartz Hill area.
Quartz Hill is an outcropping of quartz breccia and is a unique
occurrence on the Rand property. Quartz Hill sits within an
extensive area of alteration located 200 to 700 metres northwest of
the main Nevada Rand workings. An aerial view of the zone can be
viewed on the Goldcliff website at
http://www.goldcliff.com/projects/nevada-rand/drilling/ . The
oval-shaped alteration feature measures 500 metres by 300 metres.
The zone trends off the property boundary into open territory.
Goldcliff just completed staking 16 claims to cover this ground.
The claims acquired are subject to an area of interest clause in
the Option Agreement with Nevada Select, a wholly owned subsidiary
of Ely Gold Royalties (ELY: TSX.V). Nevada Select will retain a 2%
NSR on the newly acquired claims. The location of the new claims
can be viewed at
http://www.goldcliff.com/projects/nevada-rand/location/ .
A total of seven holes (2,281ft/ 695.2 metres) were drilled
during the late winter programme; the wildcat hole at Quartz Hill
and six holes in the vicinity of the Nevada Rand workings. Of those
six holes, one (RD- 3) was abandoned due to drilling difficulties
and one (RD-4) was drilled away from the Rand structure to examine
footwall geology. Holes RD-1 and RD-2 were drilled to test the
eastern extension of the Rand vein just beyond the old workings.
Rand alteration and veining was seen in both holes but no
significant mineralization was intersected. Holes RD-5 and RD-6
were drilled to test the western extension of the Rand vein just
beyond the old workings. These two holes were collared on opposite
sides of the structure (RD-5 from the footwall and RD-6 from the
hanging wall) to test the zone with a scissors drill pattern. Rand
alteration and veining was seen in both holes but no significant
mineralization was intersected. A plan view of drill site locations
can be viewed through the link provided above.
The Rand structure and alteration signature persists from the
southeast beyond the claim boundary and extends to the northwest
through the entire claim block and beyond, for a total distance of
5 kilometres. Along the structure are four former small high-grade
producers, the Blue Sphinx, Golden Pen, Lone Star and Nevada Rand.
The Blue Sphinx and Golden Pen are beyond the Goldcliff claim
boundary to the east-southeast. The exploration opportunity for
Goldcliff is to better understand the district-wide controls that
concentrated the high grade mineralization in these discrete areas
and use that information to expand the disseminated mineralization
as well as continue to explore for additional high-grade.
Quality Assurance/Quality Control (QA/QC): All core samples were
retrieved by ALS delivery service from the site, following a secure
chain of custody, and delivered to the ALS Laboratories in Reno,
NV, for processing (Prep31- crush rocks to 70% <2mm, riffle
split off 250g, pulverize to >85% passing 75 microns). All the
samples were analyzed, along with internal standards, at the
ISO/IEC 17025-2005 accredited ALS Laboratory in Vancouver, BC, for
51 elements by ultra-trace Aqua Regia ICPMS (code ME-MS 41), and
for Au, Pd, Pt, by 30g Fire Assay ICPMS (code PGM-MS23L).
Over-limit silver and gold (>100ppmAg, >1000ppbAu) ore-grade
samples were also fire-assayed by Aqua Regia digest-ICP-AES finish
(code Ag-OG46) and Fire Assay-AAS finish (codeAu-AA25).
Ed Rockel, P. Geo, and E. L. Buster Hunsaker, CPG-8137,
qualified persons 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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