Goldcliff Resource Corporation: From Old Copper Showings to New Copper-Gold Targets
25 Marzo 2010 - 6:25PM
Marketwired
George W. Sanders, President of Goldcliff Resource Corporation (TSX
VENTURE: GCN), is pleased to report that two new copper-gold
porphyry-type exploration targets have been established on
Goldcliff's property in the Princeton Copper-Gold mining district.
The targets have surface copper showings (chalcopyrite) containing
copper values of 0.10 to 1.87 per cent copper. The associated
stream-sediment samples contain strongly anomalous gold values
ranging from 90 to 920 ppb gold. The targets are associated with
Goldcliff's airborne geophysical anomalies. The targets are in
close proximity to the Copper Mountain copper-gold mine.
Extensive review and compilation of older ARIS data, combined
with Goldcliff's exploration data, confirmed these new copper-gold
exploration targets on the Company's Copper Mountain-Tulameen
project. The targets contain copper and gold mineralization related
to porphyry-type deposits. The two targets occur in Nicola Group
rocks with associated intrusive and porphyry-alteration. The
targets have a surface area ranging from 500 metres in width to
2000 metres in length.
The Princeton Copper-Gold mining district hosts the historic
Copper Mountain mine, which contains copper-gold porphyry-type ore.
Copper Mountain Mining Corporation is restarting the mine and is
currently in the construction phase. The historical production from
the ore was 1.7 billion pounds of copper, 8.4 million ounces of
silver and 0.62 million ounces of gold. Current measured and
indicated resources are 518.6 million tons of 0.31% Cu containing
3.2 billion pounds of copper with gold-silver credits. The project
is 75 per cent-owned by Copper Mountain Mining Corporation and 25
per cent-owned by Mitsubishi Materials Corporation.
The Goldcliff Copper Mountain-Tulameen project is a contiguous
block of 61 mineral claims totalling 25,977 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), 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, gcnnews20105.
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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