Cliffmont Commences Initial Drill Program at San Luis Property, Colombia
31 5월 2012 - 9:30PM
PR Newswire (Canada)
VANCOUVER, May 31, 2012 /CNW/ - Cliffmont Resources Ltd.
("Cliffmont" or the "Company") is pleased to announce that drilling
has commenced at its San Luis Project in Huila, Colombia. The
initial 5,000 metre drill program will target known epithermal
mineralized zones, several of which have been exploited by
artisanal miners who stopped development at the water table or had
mechanised issues. This will be the first drill program at San Luis
and it will test several high priority target areas including the
past producing mines at Merceditas, San Jorge, Los Azules and La
Castellana. The initial program targets have been identified
through detailed mapping, sampling and geophysics (induced
polarization/resistivity). The results of historical work combined
with recent exploration indicate the potential of high-grade
epithermal targets in an intermediate sulphidation environment.
Mineralization within the property extends over an area 7km x 3km.
The mineralization that has been exploited to date on the property
comprises free gold and gold associated with sulphides, both
contained within quartz veins hosted by fault zones that are splays
of regional structures. The veins exploited to date have been
demonstrated to persist over a vertical range of at least 500
metres. The close proximity of the mineralized structures to one
another demonstrates the endowment of the district. (see SEDAR
filed Technical Report(1)). Jeff Tindale, President and CEO states,
"We are looking forward to the initial program at San Luis as this
will be the first time any of these past producing structures have
been drilled. We believe that this untested potential has created
an excellent opportunity for new discoveries in the San Luis
district." Drilling will start at the recently acquired San Jorge
mine where sampling of veins in two drifts, by TVX Mineria Ltda. in
1997, returned very encouraging results (see News Release of May
28, 2012): South Drift -- Vein: 71.72 metres samples averaged
324.16 g/t gold and 85.0 g/t silver over a 0.17 metre width; and --
Vein and wallrock combined: 71.72 metres samples averaged 39.09 g/t
gold and 11.66 g/t silver over a width of 1.52 metres. North Drift
-- Vein: 45.04 metres samples averaged 7.91 g/t gold and 1.97 g/t
silver over a 0.38 metre width; and -- Vein and wallrock combined:
45.04 metres samples averaged 1.66 g/t gold and 0.56 g/t silver
over a width of 1.66 metres. Cliffmont has not verified the
accuracy of data from historical exploration work. However, the
work carried out by previous operators TVX Minera Ltda. appears to
have been completed following the best practices at the time. The
drill contractor is Major Drilling Group International Inc. Drill
core samples are analyzed by ALS Chemex Labs Ltd., an ISO 9001:2000
certified laboratory. Cliffmont maintains a QA/QC program
whereby standard samples and blanks are inserted into each batch of
samples to ensure quality control. Corporate Update Cliffmont is
pleased to announce the appointment of Kieran Downes, P.Geo., as
the Qualified Person for the San Luis Project. Mr. Downes has over
40 years diversified experience in gold, base metals, uranium and
diamond exploration. He holds a B.Sc. (Hons.) in Geology from
University College Galway (1971) and a Ph.D. in Geology from Dublin
University (1974). He is a Registered Professional Geologist in
British Columbia and Saskatchewan, and president of Tristia
Ventures Corp., a company providing services in mineral
exploration, property valuation and geochemistry. From 1992 to
March 2011 Mr. Downes was President, CEO and QP for Golden Peaks
Resources Ltd. a TSX listed junior exploration company with a focus
on resource properties in Latin America. Mr. Downes is currently
President, CEO and Director of Troymet Exploration Corp. 1 de Wit,
S.P. and Carpenter, T.H. (2012): Technical Report on the San Luis
Property, Municipio de Neiva, Departamento del Huila, Colombia;
NI43-101 Compliant Report by Discovery Consultants for Cliffmont
Resources Ltd. SEDAR filed February 22, 2012. ON BEHALF OF THE
BOARD "Jeff Tindale" Jeff Tindale, President and CEO About
Cliffmont Resources: Cliffmont Resources Ltd. is a Vancouver-based
company focused on the exploration of precious and base metals in
Colombia's prolific San Luis mining district. The Company has
a 100% option in the San Luis Project, comprising 2,701 hectares,
including an exploitation concession located on the Eastern flank
of the Central Cordillera of Colombia within the Department of
Huila. As a first mover in one of Colombia's most prolific
under-developed gold districts, the Company is well funded and is
currently conducting an aggressive, but focused, exploration
program. The San Luis Project consists of a mineralized area that
spans over 7km x 3km hosting epithermal gold and silver targets,
including multiple past producing gold mines. Cliffmont's
head office is located in Vancouver, Canada and has offices in
Bogota and Neiva, Colombia. For further details on Cliffmont
Resources, please see our website
at www.cliffmontresources.com Forward Looking Statements. This
Company news release contains certain "forward-looking" statements
and information relating to the Company that are based on the
beliefs of the Company's management as well as assumptions made by
and information currently available to the Company's management.
Such statements reflect the current risks, uncertainties and
assumptions related to certain factors including, without
limitations, competitive factors, general economic conditions,
customer relations, relationships with vendors and strategic
partners, the interest rate environment, governmental regulation
and supervision, seasonality, technological change, changes in
industry practices, and one-time events. Should any one or
more of these risks or uncertainties materialize, or should any
underlying assumptions prove incorrect, actual results may vary
materially from those described herein. "Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release."
Cliffmont Resources Ltd. CONTACT: Telephone: (604)
568-6894Facsimile: (604) 568-6834Website:
www.cliffmontresources.comEmail: info@cliffmontresources.com
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