Goldcliff Trench Samples 3.14 g/t Gold at Aurora West
02 Octubre 2023 - 8:00AM
George Sanders, President of Goldcliff Resource Corporation
(“
Goldcliff” or the “
Company”)
(GCN: TSX.V, GCFFF: OTCBB PINKS) reports that trench sampling
during early September on the Aurora West property in Mineral
County, Nevada has elevated the Polaris target to high priority
status. Gold values as high as 3.14 ppm (3.14 g/t) Au with highly
anomalous pathfinder elements were obtained in chip channel
sampling of hand-excavated trenches at the Polaris target, located
1 kilometre west of Hecla Mining Company’s Aurora mill site. The
hand trenching followed up a prospecting sample taken in 2020 which
returned 1 metre of 3.56 ppm Au.
The trenching was conducted in a heavily treed area with limited
outcrop and uncovered a broad zone of strongly argillized rhyolitic
rocks, with local zones of moderate to strong silicification,
quartz veinlets and minor veins. One hand trench was chip channel
sampled vertically over 0.5-1.0 metres intervals for 4.0 metres,
the results of which are presented in the table below.
Sample |
Interval metres |
Gold ppm |
Silver ppm |
Arsenic ppm |
Mercury ppm |
Antimonyppm |
Thalliumppm |
Molybdenum ppm |
8001 |
1.0 |
0.518 |
2.88 |
455 |
4.97 |
39.1 |
6.42 |
1265 |
8002 |
0.5 |
3.10 |
5.34 |
1025 |
6.53 |
60.1 |
14.40 |
1600 |
8003 |
0.5 |
3.14 |
4.90 |
1345 |
3.28 |
67.9 |
21.20 |
1725 |
8004 |
1.0 |
0.323 |
2.33 |
501 |
3.56 |
56.3 |
4.10 |
702 |
8005 |
1.0 |
0.157 |
0.62 |
436 |
13.10 |
68.9 |
2.24 |
148 |
Locally anomalous values were found for bismuth and tellurium
while base metals values were very low.
An adjacent trench immediately to the west of this trench,
returned a high value of 1.05 ppm Au and 2.16 ppm Ag across a
horizontal width of 3.25 metres, suggesting the mineralized zone
has both vertical and horizontal continuity.
Current geologic interpretation of the Polaris target is that it
is 100 metres or more above the boiling zone where high grade,
epithermal precious metals deposition may occur, as exemplified by
the historic Aurora bonanza quartz veins. The anomalous pathfinder
elements and style of alteration support this interpretation. Of
particular interest are the very high molybdenum values, perhaps
indicative of an evolved, strongly metallized rhyolite intrusive
body at depth. Anomalous precious metals and pathfinder elements
from two soil sample lines surveyed across the Polaris target
confirm the high priority nature of this target, with soil values
up to: Au-0.126, Ag-1.89, As-246, Sb-22.5, Hg-2.93, Tl-6.84, Mo-425
(values in ppm).
The Polaris target and a portion of Goldcliff’s Aurora West
property immediately adjoins the west side of the main Aurora
district, currently being explored by Hecla Mining Company. The
Polaris target is part of the northern portion of the 2 square
kilometre Sawtooth Ridge alteration zone. The southern portion of
the Sawtooth Ridge alteration zone is currently being drilled by
Hecla, less than 1 kilometre SW of Polaris. The Aurora district was
one of the historic Walker Lane gold camps with production of 1.91
Moz gold and 20.6 Moz silver from classic epithermal bonanza quartz
veins. Goldcliff holds an option to purchase a 100% interest from
Nevada Select Inc., a wholly owned subsidiary of Gold Royalty
Corp.
Robert Thomas, CPG, is a qualified person as defined by Canadian
National Instrument 43-101 and has reviewed and approved the
technical information contained in this news 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.
Goldcliff Resource (TSXV:GCN)
Gráfica de Acción Histórica
De Oct 2024 a Nov 2024
Goldcliff Resource (TSXV:GCN)
Gráfica de Acción Histórica
De Nov 2023 a Nov 2024