Goldcliff Resource Corporation: Step-Out Drilling at Panorama Ridge Extends Nordic Zone Gold Mineralization
16 January 2010 - 1:30AM
Marketwired
George W. Sanders, President of Goldcliff Resource Corporation (TSX
VENTURE: GCN), reports that new gold mineralization has been
discovered at the Nordic zone in hole 28-110. Drilled at minus 45
degrees to the northeast, this step-out hole -- which contains a
broad zone of Gold Mineralized Zone (GMZ), including 16 metres of
1.06 g/t gold -- extends and expands the Nordic zone 130 metres
further than any previously known gold mineralization. The Nordic
zone is 300 metres northeast of the York-Viking zone on Panorama
Ridge located near Hedley, British Columbia, Canada. The Panorama
Ridge property is 100 per cent owned by Goldcliff.
Holes 28-111 through 28-113 were drilled in a southeast
direction and intersected broad zones of GMZ. Notable intersections
include 10.08 metres of 1.00 g/t gold in hole 28-112. One and two
metre samples of highly elevated gold grades (3 g/t plus) were also
encountered.
Holes 28-114 through 28-117 were drilled as step-outs to the
northwest and returned little or no significant gold
mineralization. These results clarify that the Nordic zone trends
to the northeast and is offset from expansion to the northwest. The
zone is open as it trends down the northeast slope, or the toe, of
Panorama Ridge. The mineralization appears to be trending towards a
previously untested (by trenching or drilling) geophysical (IP)
anomaly. Similar anomalies on other parts of the property have been
indicative of sulphides (pyrite and pyrrhotite) that occur with
skarn alteration and gold mineralization.
Drill Hole Metres Total Metres Gold
Hole 28-110
Total hole from 4.14 to 99.36 metres 95.22 meters 0.25 g/t Au
GMZ from 4.14 to 99.36 metres 95.22 metres 0.25 g/t Au
Including from 66.29 to 82.29 metres 16.00 metres 1.06 g/t Au
And from 66.29 to 68.29 metres 2.00 metres 5.73 g/t Au
Hole 28-111
Total hole from 3.66 to 99.36 metres 95.70 metres 0.17 g/t Au
GMZ from 3.66 to 57.44 metres 53.78 metres 0.20 g/t Au
Hole 28-112
Total hole from 3.66 to 99.67 metres 96.01 metres 0.22 g/t Au
GMZ from 3.66 to 99.67 metres 96.01 metres 0.22 g/t Au
Including from 40.69 to 50.77 metres 10.08 metres 1.00 g/t Au
And from 49.77 to 50.77 metres 1.00 metre 6.10 g/t Au
Hole 28-113
Total hole from 3.66 to 99.67 metres 96.01 metres 0.14 g/t Au
GMZ from 17.03 to 56.61 metres 39.58 metres 0.20 g/t Au
Including from 30.16 to 40.61 metres 10.45 metres 0.53 g/t Au
Additional results from the Nordic zone are anticipated over the
next several weeks.
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, gcnnews20103.
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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