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Be the first with the news that moves the market- Goldcliff (GCN) has made the final payment regarding the purchase of the Ainsworth Silver land position
- With that, the company has acquired an additional 2,915 hectares of mineral tenures in the historic Ainsworth silver camp near Kaslo, B.C.
- This makes Goldcliff the owner of 100 per cent of approximately 4,455 hectares, making it the largest land position in this historic silver district
- Goldcliff is a multi-asset exploration and development company focused on projects where a bootstrap development strategy may be applicable
- Goldcliff Resource (GCN) opened trading at $0.045 per share
Goldcliff (GCN) has made the final payment regarding the purchase of the Ainsworth Silver land position.
With that, the company has acquired an additional 2,915 hectares of mineral tenures in the historic Ainsworth silver camp near Kaslo, B.C.
Included in the purchase are 295 hectares of Crown Granted Mineral Claims, several of which underlie or are adjacent to target areas in the vicinity of the No. 1 mine.
The No. 1 mine was the largest and highest grade producer in the Ainsworth silver camp, with a recovered grade of 49.6 ounces per ton silver.
This makes Goldcliff the owner of 100 per cent of approximately 4,455 hectares, making it the largest land position in this historic silver district. The additional claims host several old prospect pits and small past-producing mines.
The Ainsworth district hosted more than 50 properties from which silver-lead-zinc was produced from 1889 to 1964. Together with the nearby Sandon area in the “Silvery Slocan”, the region produced 92 million ounces of silver.
Two earlier reconnaissance prospecting and geochemical sampling programs were conducted in 2020 and 2021 with a focus on the southern portion of the claim block around the No. 1, Dellie and Silver Hoard mines. In 2020, at the Silver Hoard, a black, manganiferous breccia outcrop sample yielded 359 g/t Ag.
Further exploration activity will be designed around the Direct Shipping exploitation model. Ainsworth is approximately 120 kilometres from the Teck-Cominco smelter in Trail, B.C.
Goldcliff is a multi-asset exploration and development company focused on projects where a bootstrap development strategy may be applicable.
Goldcliff Resource (GCN) opened trading at $0.045 per share.
