Goldcliff Highlights Prime Silver Target
08 10월 2010 - 3:53AM
Marketwired
George W. Sanders, President of Goldcliff Resource Corporation (TSX
VENTURE: GCN), reports that Goldcliff has established a prime
silver exploration target area, known as the Big-C, on the
Company's 100-percent-owned Ainsworth claim block near Kaslo,
British Columbia, Canada. The Big-C target is a multi-sensor
airborne geophysical conductor system that contains strongly
anomalous silver values of 2.94 grams per tonne silver and
pathfinder elements. The Big-C airborne geophysical conductor
system is over 500 metres in width and 700 metres in length. The
geophysical anomaly has multi-geophysical features with a strong
electro-magnetic conductor that trends in a northwest direction.
The corresponding anomalous silver values range from 1.02 to 2.92
grams/tonne. The Big-C target is located approximately one
kilometre north of the historic No.One silver mine in the Kootenay
Mining Region. The No.One mine has produced 1,993,818 ounces of
silver at a grade of 49.64 ounces per ton (1,707.78 grams/tonne),
with much of this silver ore occurring as native silver
(wire-silver). The Big-C target area is completely
overburden-covered and the targets are interpreted to be near
surface in a similar geological setting to the No.One mine. Permits
are in place for trenching and drilling in the Big-C area.
The Big-C target is situated on a topographic-high saddle with
good road access for easy ground exploration. The airborne
conductive system has been verified by ground geophysics. The
initial soil geochemical sampling survey over the conductor is
returning strongly anomalous silver values in the range of 1.02 to
2.94 grams/tonne. The pathfinder elements are anomalous in arsenic
(56.3 ppm As), cadmium (5.19 ppm Cd), cobalt (172.9 ppm Co), chrome
(1345 ppm Co), copper (372 ppm Cu), iron (36.28 % Fe), lead (539
ppm Pb), molybdenum (16 ppm Mo), nickel (361 ppm Ni) and zinc (466
ppm Zn). The pathfinder elements are characteristic of the No.One
mine silver ore mineralization and of the other Kootenay Arc silver
deposits in the Kootenay Mining Region.
Conducted in 2007, Goldcliff's multi-sensor airborne geophysical
survey detected 22 geophysical anomalies with silver exploration
potential. Covering a distance of approximately 25 kilometres,
these anomalies - which have been developed into five exploration
target areas -- are situated in a belt of Kootenay Arc geology that
occurs between the Ainsworth and Kaslo-Keene Creek silver camps. To
date, preliminary ground exploration on two of the targets (Big-C
and Bjerk) have returned positive results and indicated promising
silver potential. The Big-C target is located north of Ainsworth
and the Bjerk target is located south of Kaslo.
The Kootenay Mining Region has historic silver production
totalling 99.6 million ounces. The Kootenay Mining Region is
situated in the Kootenay Arc, a similar geological setting to the
Coeur d'Alene silver camp. The Coeur d'Alene silver camp (Idaho,
USA), in which mines are still producing silver, has a reported
historic silver production of 1.2 billion ounces. The Ainsworth and
Kaslo-Keene Creek silver camps have historic silver production of
4.65 million ounces.
The Kootenay Mining Region is located in the central part of the
Kootenay Arc, a curving belt of complexly deformed Paleozoic rocks
(older rocks). These older rocks have been intruded by Mesozoic and
Cenozoic intrusive rocks, and range in age from Lower Cambrian to
Upper Triassic. The older rocks are mica schists, limestones,
homblende schists, quartzites and slates of the Lardeau, Milford,
and Kaslo Formations, and the Slocan Group. Throughout the region,
the rocks are metamorphosed, foliated and faulted in a north-south
direction. The silver ore mineralization is associated with pyrite,
galena, sphalerite, chalcopyrite, pyrrhotite and arsenopyrite. At
the No.One mine, the silver ore was native silver
(wire-silver).
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, gcnnews201012
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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