Goldcliff Generates New Targets at Aurora West and Expands Land Position
August 17 2021 - 8:30AM
George Sanders, President of Goldcliff Resource Corporation
(“Goldcliff” or the “Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS)
reports reconnaissance and follow -up sampling on the Aurora West
property in the Walker Lane (Mineral County, Nevada) conducted in
the fall of 2020 generated several high quality gold targets, which
required new staking to secure. Goldcliff holds an option to
purchase a 100% interest in the property by paying $US425,000 over
four years, subject to a Net Smelter Return Royalty of 2.5%. There
are 51claims under option with Ely Gold Royalties Inc which adjoin
to the immediate north and west of the main Aurora district held by
Hecla Mining Company.
The fall 2020 programme generated several potential new drill
targets. The Polaris target, located 1.2 km west of Hecla’s Aurora
millsite is currently viewed as the most promising. A one metre
chip sample of silicified rhyolite tuff assayed 3.56 ppm gold and
4.2 ppm silver. Four additional rock chip samples in the immediate
area assayed between 0.117 and 0.827 ppm gold and contained
moderate to high pathfinder element values of arsenic, antimony,
mercury and molybdenum indicative of a well mineralised epithermal
system. The extent of the Polaris target is unclear at this time
due to limited outcrop. Hand excavations are planned to provide
more exposures for mapping and sampling to better define specific
drill sites.
Some of the new claims staked cover the Twains Hill Section 30
target. This target is located approximately two miles south of the
main Aurora district and about a mile southeast of the block of 51
claims. The main geologic feature is a distinctive porphyritic
dacite plug or dome, which intrudes the Aurora andesite, host to
most of the mined gold-silver veins in the district. A chip sample
from a dump boulder of stockwork veined, silicified andesite
returned values of 4.23 ppm gold and 11.6 ppm silver. Several other
rock chip samples in the area returned values greater than 100 ppb
gold with elevated pathfinder elements.
Three mapping and sampling excursions were undertaken late in
the fall of 2020. Analytical results were not received until March
of 2021. Those results indicated that additional claims should be
staked. Weather (snow) conditions and availability of staking
contractors delayed staking until very recently. A total of 38
additional claims have been staked and filed on, bringing
Goldcliff’s land position in the Aurora district to 89 claims.
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.
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