(Source: MARKETWIRE)
George Sanders, President of Goldcliff Resource Corporation (TSX
VENTURE: GCN), is pleased to report that the Bonanza Trench
high-grade gold mineralization horizon continues to depth with an
intercept of 12.45 grams per tonne gold over 0.84 metres. This
intercept occurs within a horizon of 10.52 metres grading 1.75 grams
per tonne gold. The Bonanza Trench horizon is located in the
York-Viking zone on the Panorama Ridge gold property in the Hedley
gold district, Hedley, British Columbia, Canada.
On the Panorama Ridge property, the gold mineralized rock, which
consists of silica-iron alteration referred to as skarn, is
identified as the Gold Mineralized Zone (GMZ). Surface trenching and
drilling by Goldcliff has identified four zones (York-Viking, Nordic,
Thor, and Tower) containing the GMZ where gold grades and continuity
suggest economic potential. Within the York-Viking GMZ, the Bonanza
Trench drill intercepts indicate a 20-metre-wide gold mineralized
horizon (the Bonanza Horizon) of undetermined length that contains
multiple one metre lenses of higher gold grades. The higher grade
gold lenses vary in gold values from 17.37 ounces per ton gold
(595.55 grams per tonne gold) on surface to 12.45 grams per tonne
(0.36 ounces per ton) at drilled depth.
In 2008, nineteen drill holes totalling 1,143.17 metres probed the
York-Viking zone (YV). Fourteen of these holes were directed at the
Bonanza Trench horizon area containing the high-grade gold lenses.
Within the higher gold grade lenses of the horizon, twelve holes were
reported as having several one metre intercepts of grades of 4.31 to
5.65 grams per tonne gold (g/t) containing anomalous values of
bismuth and tellurium.
The assay results from the two remaining 2008 drill holes on the
Bonanza Trench gold horizon are reported as follows:
Drill Hole From (m) To (m) Interval (m) Gold (g/t) Location YV Zone
28174 3.05 50.90 47.85 0.31 GMZ
21.96 34.86 13.90 0.60 Bonanza horizon
21.96 27.86 5.90 0.78 Bonanza horizon
22.96 24.01 1.05 1.32 Bonanza lense
28175 3.05 49.40 47.85 0.51 GMZ
15.07 25.59 10.52 1.75 Bonanza horizon
20.75 25.59 4.84 3.16 Bonanza horizon
24.75 25.59 0.84 12.45 Bonanza lense
The gold values in the two holes, and the anomalous values of bismuth
and tellurium, are consistent with the surface Bonanza Gold horizon
values. A new photo of the stripped Bonanza Trench area indicating
the high grade lense within the Bonanza Gold horizon at the
York-Viking zone is available on Goldcliff's website at
www.goldcliff.com.
The Panorama Ridge property is located four kilometres east of the
historic Nickel Plate-Mascot mine that has produced 2.5 million
ounces of gold. The gold mineralization on the Panorama Ridge gold
property is related to the pervasive silica-iron alteration (skarn
replacement) of the Upper Triassic Nicola Group sedimentary and
volcanic rocks. The property was staked in 2000 after Goldcliff
prospected new logging road outcrops that exposed skarn alteration.
The property has mine-related infrastructure and is readily accessed
by roads. Goldcliff has discovered several gold showings and four
potentially-economic gold zones. The results from the airborne
geophysical survey have expanded the scope of exploration and
increased the potential for the new gold discoveries within
Goldcliff's claim area.
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, gcnnews2911
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
www.goldcliff.com
SOURCE: Goldcliff Resource Corporation
A service of YellowBrix, Inc.
