- Goldcliff Resource Corporation (GCN) has reported that follow-up surface sampling at the Kettle Valley Gold-Silver Project in B.C. has yielded strong silver values
- Prospecting was undertaken to explore rock cuts along a drill access trail approximately 150 metres westerly from the Cliff Zone epithermal gold-silver target
- Composite sample assayed 170 g/t Ag along with highly elevated values in lead, bismuth, tellurium and the second highest molybdenum value to date
- Goldcliff Resource Corp is a mine development company based in Canada
- Goldcliff Resource Corporation was up 11.111 per cent, trading at $0.05 at 1:09 PM ET
Goldcliff Resource Corporation (GCN) has reported that follow-up surface sampling at the Kettle Valley Gold-Silver Project in B.C. has yielded strong silver values.
Following the reconnaissance drill program, prospecting was undertaken to explore rock cuts along a drill access trail approximately 150 metres westerly from the Cliff Zone epithermal gold-silver target.
Along the drill access trail to the southernmost drill site, numerous angular, milky white quartz fragments ranging up to 50 cm were found scattered in dioritic rocks over an area measuring 20 by 35 metres.
The angularity of the quartz indicates a local source. Disseminated grains of galena (lead) were present in many fragments.
Composite sample (WR22-03), consisting of numerous fragments, assayed 170 g/t Ag along with highly elevated values in lead, bismuth, tellurium and the second highest molybdenum value to date.
The gold component was low, assaying 0.065 g/t gold.
The quartz fragment texture and distinct geochemical composition differ markedly from the epithermal Au-Ag Cliff Zone suggesting that this is more likely intrusive related mineralization.
Very significant is that similar looking quartz was found along a logging road 525 metres to the north. Here sample KV21-18 also in dioritic terrain assayed 88.5 g/t Ag and contained highly anomalous lead, bismuth, tellurium and molybdenum.
This mineralization does not currently constitute a stand-alone new target at Kettle Valley. However, it is further strong evidence of a robust hydrothermal system pregnant with precious metals.
Further prospecting and field work will resume at Kettle Valley in September.
Goldcliff Resource Corp is a mine development company based in Canada, which is engaged in the acquisition, exploration, evaluation, and development of mineral assets in the United States and Canada.
Goldcliff Resource Corporation was up 11.111 per cent, trading at $0.05 at 1:09 PM ET.
