Goldcliff Resource Corporation: Copper Mountain Exploration in Progress
2010年10月5日 - 3:58AM
Marketwired
George W. Sanders, President of Goldcliff Resource Corporation (TSX
VENTURE: GCN), reports that exploration work on the Copper
Mountain-Tulameen project is in progress. On the Goldcliff
holdings, three porphyry exploration targets have been identified
that contain copper and gold mineralization similar to the Copper
Mountain ore deposits. These targets require detailed ground
exploration to establish drill target priority. The exploration
work in progress will determine which target will be ready to drill
for the next copper-gold porphyry deposit in the Princeton
Copper-Gold mining district.
Goldcliff's field work is focused on the Whipsaw, Lamont and 15
Mile target areas. The Whipsaw target contains three copper
showings. The Lamont target contains five copper showings and one
copper-gold showing. The 15 Mile target contains silica-carbonate
alteration areas associated with strongly anomalous stream sediment
gold and silver values. The historic data has been geo-referenced
to the geographic coordinate system (UTM-GPS) and the copper
showings are being investigated for ground-truthing.
The Princeton Copper-Gold mining district hosts the historic
Copper Mountain mine, which contains copper-gold porphyry-type ore.
Copper Mountain Mining Corporation is restarting the mine and is
currently in the construction phase. The historical production from
the ore was 1.7 billion pounds of copper, 8.4 million ounces of
silver and 0.62 million ounces of gold. Current measured and
indicated resources are 518.6 million tons of 0.31% Cu containing
3.2 billion pounds of copper with gold-silver credits. The project
is 75 per cent-owned by Copper Mountain Mining Corporation and 25
per cent-owned by Mitsubishi Materials Corporation.
The Goldcliff multi-sensor airborne geophysical survey indicates
that the intrusive suite hosting the Copper Mountain deposits
extend to the southwest through the Goldcliff claim block. Recent
mapping by BC Geological Survey confirms that the prospective
geology extends onto the Company holdings. This geologic mapping,
together with the historical data, provides strong evidence of
structural settings that are similar to Copper Mountain ore
deposition. The Airborne geophysical signatures also indicate
conductivity and alteration patterns consistent with porphyry-style
mineralization at Copper Mountain.
The Goldcliff Copper Mountain-Tulameen project is a contiguous
block of 56 mineral claims totalling 25,387 hectares. The claims
were acquired by staking and are 100 per cent-owned by Goldcliff.
The project area has established infrastructure, with the town of
Princeton, British Columbia, Canada, as the centre of commercial
activity. The project is situated west of Highway 3, a major route
in the province of British Columbia, and contains abundant access
roads. The project also has water and access to electrical
power.
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, gcnnews201011
Contacts: Goldcliff Resource Corporation George W. Sanders
President 250-764-8879 or Toll Free: 1-866-769-4802 250-764-8879
(FAX) sanders@goldcliff.com or info@goldcliff.com
www.goldcliff.com
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