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- GlobeNewswire
Kettle Valley Gold Targets Identified; Permits Received
VANCOUVER, British Columbia, March 29, 2021 (GLOBE NEWSWIRE) -- George Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the “Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS) is pleased to report that the Company has received a five-year multi use permit to conduct trenching and diamond drilling on its Kettle Valley gold project. Goldcliff holds an option to purchase a 100% interest in this newly recognised epithermal gold/silver prospect located north of Rock Creek, in south-central B.C. The permit allows for 1,500 metres of trenching and up to 20 diamond drill sites, to be completed over the next five years. Results of detailed geologic mapping, soil, rock and lithic drainage geochemical sampling, all conducted in October 2020, have demonstrated a compelling target for follow up exploration. Elevated gold values to several grams per tonne and silver values to 43 grams per tonne occur in a north-trending zone, several hundreds of metres in width and at least 800 metres along strike. Intense silica, potassic and carbonate alteration characterise the zone, and textures include druse quartz, chalcedonic quartz, bladed calcite, multistage brecciation and veining, all typifying epithermal style mineralization. Clay alteration is ubiquitous extending well beyond the limits of presently known mineralization. This target occurs in a structurally complex environment which is particularly important in the epithermal model. Goldcliff is finalizing mobilization of a detailed airborne geophysical survey which will assist in mapping structure. Upon compilation and analysis of geophysical data, initial trenching will begin near the end of April. The geophysical contractor will also conduct a detailed airborne survey over the Ainsworth silver property near Kaslo, B.C. 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.
- GlobeNewswire
Goldcliff Consolidates Ainsworth Silver District Land Position
VANCOUVER, British Columbia, March 01, 2021 (GLOBE NEWSWIRE) -- George Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the “Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS), reports that the Company has acquired by way of an option to purchase a large land position of additional claims and crown grants in the historic Ainsworth silver camp, near Kaslo, B.C. An agreement with a private individual involves the purchase of approximately 2,915 hectares of mineral tenures and 295 hectares of crown grants by paying $25,000 on signing, $25,000 twelve months from signing and $25,000 twenty-four months from signing, for a total purchase price of $75,000. In addition to Goldcliff’s existing claims, the Company’s holdings are now approximately 4,455 hectares, making it the largest land position in the district. The additional claims host several additional old prospect pits and past producing small mines. The Ainsworth district hosted more than 50 properties from which silver-lead-zinc was produced from 1889 to 1964. Together with the nearby Sandon area in the “Silvery Slocan”, the region produced 92 million ounces of silver. Goldcliff’s holdings include the former No. 1 Mine, the largest and highest grade producer in the district. The No. 1 Mine, operated by Cominco from 1910 to 1921, produced 1,993,818 ounces of silver at a recovered grade of 49.64 ounces Ag per ton. Ore was mined from five levels between 4100 and 4300 feet, or for a vertical extent of only 60 metres. Additional ore shoots along strike and offset at depth have never been explored for using modern exploration techniques. Last fall Goldcliff conducted a reconnaissance scale geochemical rock, soil, and drainage sediment sampling programme. A total of 38 rock samples, 64 soil samples and 18 lithic drainage samples (LDS) were collected from areas focused on the Cedar Creek canyon and the region around the old No. 1 mine and Silver Hoard workings as well as the area between the two historic mines. Highly anomalous soil and LDS samples were recovered as well as high grade silver values in several rock samples. Details were discussed in a Goldcliff news release dated January 6, 2021. Plans for additional exploration include an airborne electromagnetic and magnetic survey over the No. 1 and Silver Hoard areas plus ground geophysical and detailed geochemical follow-up to define trenching and drill targets. 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.
- GlobeNewswire
Sampling Confirms High Grade Silver Targets at Ainsworth
VANCOUVER, British Columbia, Jan. 06, 2021 (GLOBE NEWSWIRE) -- George Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the “Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS) reports that rock sampling values as high as 359 g/t silver confirm strong silver grades in the areas around two historic workings on Goldcliff’s Ainsworth silver project located near Kaslo, British Columbia. Results were recently received from a brief detailed geochemical rock, soil, and drainage sediment sampling programme conducted during the first week of October 2020. A total of 38 rock samples and 18 lithic drainage samples (LDS) were collected from areas focused on the Cedar Creek canyon and the region around the old No. 1 mine and Silver Hoard workings as well as the area between the two historic mines. The No. 1 mine was the largest silver producer in the Ainsworth camp and B.C. Minfile records report a recovered grade of 49.6 oz per ton silver. The Silver Hoard is located 800 metres north of the No. 1. Although Minfile records list it as a producer, it would be better understood today as a prospect bulk sample. The recorded grade at Silver Hoard was just over 101 oz per ton silver. At Silver Hoard, a black, manganiferous breccia outcrop sample yielded 359 g/t Ag. Upslope and west of the No.1 mine adit, a partially buried sample of rusty sub-crop in a recently logged area returned 355 g/t Ag and 4.73% Zn. Two LDS samples taken below the No.1 mine adit and below the mine dump yielded 825 g/t Ag and 498 g/t Ag respectively, with both also displaying highly anomalous base metal values. A soil sampling line was run between the No.1 and Silver Hoard workings with B-horizon soil samples taken at 25, 50 and 100 metre intervals. Twenty-four of the 36 soil samples returned values in excess of 1 g/t Ag. A sample taken below the No. 1 mine returned values of 251 g/t Ag.Goldcliff plans follow up work this spring which will include an airborne geophysical survey and additional prospecting. Further exploration activity will be designed around the Direct Shipping exploitation model. Ainsworth is approximately 120 kilometres from the Teck-Cominco smelter in Trail, B.C. There are also several small flotation mills in southern B.C.The Ainsworth land position was acquired by staking and Goldcliff owns the claims 100% with no royalties or work commitments. The Company has maintained the claims in good standing for over a decade pending a silver price environment in excess of US$20 per ounce.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 CORPORATIONPer: “George W. Sanders”George W. Sanders, PresidentNeither 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.
