Goldcliff Confirms High Grade Silver and Gold Underground at Nevada Rand
09 October 2019 - 11:45PM
George Sanders, President of Goldcliff Resource Corporation
(“Goldcliff” or the “Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS)
reports that recent sampling of the upper levels of the Nevada Rand
mine has demonstrated the presence of remaining high-grade silver
and gold mineralization. Medium to bonanza grade mineralization was
encountered on all levels sampled, with silver values running from
131 g/t to 1,415 g/t and gold values running from 2.45 g/t to 37.9
g/t.
A three component, phase one exploration programme was conducted
at the Nevada Rand property in late August of this year. The
programme components were underground mapping and sampling, surface
mapping and sampling and extensive drainage sediment sampling.
Geologic consultants specializing in old mine workings were able
to access the old Nevada Rand shaft. Mapping and sampling were
conducted on the 50 ft level, the 100 ft sub level, the 150 ft
level and the 180 ft sub-level. In addition to demonstrating that
high grade mineralization remains unmined underground, the exercise
provided insight into underground geology and the alteration and
mineralization characteristics. As can be seen from the table
below, medium to high grade mineralization was found on all the
levels sampled.
Underground sampling results (all samples were taken on levels
50, 100 sublevel, 150 and 180 sublevel):
Sample Number |
Description |
Mine Level |
Gold (g/t) |
Silver (g/t) |
5201950004 |
2 metre rock chip |
50’ level |
5.31 |
135 |
5201950007 |
Ore chute |
150’ level |
10.85 |
278 |
5201950011 |
2 metre rock chip |
100’ level |
7.15 |
1415 |
5201950012 |
1 metre rock chip |
100’ level |
14.10 |
763 |
5201950013 |
2.5 metre rock chip |
100’ level |
3.98 |
131 |
5201950014 |
0.5 metre rock chip |
150’ level |
37.9 |
739 |
5201950015 |
2 metre rock chip |
150’ level |
12.35 |
636 |
5201950016 |
1.5 metre rock chip |
150’ level |
5.66 |
257 |
5201950017 |
2 metre rock chip |
150’ level |
0.10 |
370 |
5201950018 |
1 metre rock chip |
150’ level |
2.45 |
752 |
5201950019 |
1 metre rock chip |
150’ level |
11.65 |
356 |
5201950020 |
1 metre rock chip |
180’ level |
6.82 |
142 |
5201950021 |
2 metre rock chip |
180’ level |
7.79 |
351 |
Level maps with sample locations can be found on the Goldcliff
website at
http://www.goldcliff.com/projects/nevada-rand/nevada-rand-shaft/.
Since optioning the property Goldcliff has been unable to locate
a modern map of the property geology, should one even exist. A key
part of the phase one programme was to create an up to date
geologic map. This work has developed a more thorough understanding
of rock types, alteration, and particularly structural trends.
Surface rock sampling returned several anomalous gold values
ranging from 0.25 g/t to 3.41 g/t Au in several areas. These areas
are consistent with structural trends and indicate other targets on
the property that have never been drilled. Nevada Rand is known for
extensive surface leaching and remobilizing of precious metals as
secondary enrichment at shallow depths. For this reason, lower
grade anomalous values on surface are considered highly prospective
for higher grade precious metals at shallow depth below. The
drainage sampling is providing geochemical correlations which will
augment the interpretation of structural and mineralized trends and
help in guiding drill locations.
Goldcliff is preparing a drill programme to follow up on the
encouraging surface and underground sampling results. A series of
closely spaced shallow holes will test the lateral extensions of
the Nevada Rand mine mineralization. Once the proposed drill
programme is finalized, it will be incorporated into a permit
application for submission to the BLM.
Quality Assurance/Quality Control
(QA/QC): 21 underground (u/g), 8 mine dump
samples and 74 surface rock samples, and 112 field-sieved lithic
drainage (lds) sediment samples, were directly delivered by
Goldcliff personnel, following a secure chain of custody, 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; and Prep SCR41- dry at <60 degC and
sieve to -80 Mesh). 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, 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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