Goldcliff Resource Corporation: Tulameen-Whipsaw Target Exploration Underway
30 March 2011 - 11:56AM
Marketwired
George Sanders, President of Goldcliff Resource Corporation (TSX
VENTURE: GCN), reports that geophysical exploration is underway on
the Whipsaw Target on the Tulameen Project. The
40-square-kilometres Whipsaw Target area is within the SW-NE Copper
Mountain copper trend and demonstrates a strong correlation of
geological, geochemical and geophysical features associated with
copper porphyry deposit discovery. The Tulameen Project claims are
a contiguous block of 29,872 hectares located in the Princeton
mining district, Copper Mountain camp, British Columbia, Canada.
The claim block, which is 100-per cent-owned by Goldcliff, is west
of Highway #3 and situated between the Copper Mountain and Whipsaw
copper camps.
The 77 line-kilometres, 3-D IP geophysical survey is designed to
delineate sub-surface copper mineralization that is observed on
surface and predicted at depth. The 3-D IP survey parameters are
designed to provide good resolution for both near surface and deep
sulphide mineralization. Line surveying is currently under way,
with IP surveying to follow as line location and cutting
progresses.
Goldcliff has developed six targets on the Tulameen Project that
have porphyry copper deposit discovery potential. The project area
is underlain by Upper Triassic Nicola Group rocks that have been
intruded by Copper Mountain diorite. The Copper Mountain orebodies
are located to the northeast of the project. Goldcliff's claims
contain several copper-silver-gold showings, including the Nev,
Wilmac and Lam showings. The Whipsaw Target, which covers 40 square
kilometres and is centrally situated along the Copper Mountain
SW-NE copper trend, is the highest priority exploration target.
The Whipsaw Target area contains the Nev, Eagle and Raven
malachite copper showings, along with a weak copper soil
geochemical anomaly. Goldcliff has prospected these showings, as
well as much of the claim block, and conducted geochemical
sampling. The Goldcliff stream sediment geochemical anomalous
values in the Whipsaw Target area are moderate in copper, strong in
gold and weak in silver. The other base metals are weak to moderate
(Mo, Ni, Pb, Zn). The significant pathfinder elements are moderate
to strong (As, Bi, Co, Sb). The Goldcliff multi-sensor airborne
geophysical survey has detected a strong airborne magnetic response
that is similar to the magnetic response at Copper Mountain. Along
the peripheries of the Whipsaw Target area are numerous copper
showings that contain malachite, chalcopyrite, bornite and
chalcocite, along with other base and precious metals. Goldcliff's
Nev, Eagle and Raven copper showings are along the Copper Mountain
copper trend.
Leonard W. Saleken, PGeo (geologist), Edwin R. Rockel, PGeo
(geophysicist), and Sam Zastavnikovich, PGeo (geochemist), 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, gcnnews201102.
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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