Mining Stocks; Goldcliff Resource Corporation (TSX VENTURE:GCN) : Copper Mountain Exploration in Progress
VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog - Oct. 4, 2010) - 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
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
For more information, please contact
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
http://www.goldcliff.com/
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
http://www.goldcliff.com/
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