Goldcliff's Copper Mountain Exploration Locates New Showings
28 October 2010 - 6:04AM
Marketwired
George W. Sanders, President of Goldcliff Resource Corporation (TSX
VENTURE: GCN), reports that the first phase of exploration work on
the Copper Mountain-Tulameen project has been completed. The three
copper and gold porphyry targets were explored and three additional
mineralized showings were located on the Goldcliff holdings. The
field work consisted of geological mapping and sampling, stream
sediment and water-bar sampling, and a geophysical radiolithic
ground survey. In total, 261 samples were taken from rock-outcrop
and stream-soil locations, along with 120 kilometres of radiolithic
measurements. Three new sulphide-rich showings were discovered on
new logging roads. The three targets contain copper and gold
mineralized sulphides similar to the Copper Mountain ore deposits
within the Princeton Copper-Gold mining district. The samples and
radiolithic data are in the process of being analyzed.
The Princeton Copper-Gold mining district is a world-class
copper-silver-gold mining region hosting porphyry-style
mineralization. The super-pit at the Copper Mountain mine consists
of a copper resource of 518.6 million tons of 0.31% Cu containing
3.2 billion pounds of copper with gold-silver credits. The mine is
scheduled to restart in 2011. The historical production in the
Princeton mining district, together with Copper Mountain's current
copper resource, totals 4.9 billion pounds.
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 the 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 magnetically similar to Copper
Mountain ore deposition. The airborne geophysical signatures also
indicate conductivity and potassic alteration patterns consistent
with porphyry-style mineralization at Copper Mountain. The
radiolithic ground survey was conducted to help determine rock
types and alteration zones associated with mineral deposits.
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) and Edwin R. Rockel, PGeo
(geophysicist) are the qualified persons 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, gcnnews201013
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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