- Goldcliff Resource Corporation (GCN) announced the company has completed the first phase of exploration of the Kettle Valley epithermal gold-silver occurrence
- The property is located north of Rock Creek, in south-central British Columbia
- The objective was to identify the bedrock sources of an extensive boulder train of angular mineralized quartz-carbonate material
- Goldcliff also acquired by staking an additional 336 hectares of mineral tenures
- Goldcliff Resource Corporation is unchanged, trading at C$0.10 at 9:58 am ET
Goldcliff Resource Corporation (GCN) has completed the first phase of exploration of the Kettle Valley epithermal gold-silver occurrence.
The property is located north of Rock Creek, in south-central British Columbia.
The exploration objective was to identify the bedrock sources of an extensive boulder train of angular mineralized quartz-carbonate material.
The Vancouver-based mine development company excavated nine trenches spanning 600 metres in an NNW-SSE direction.
Overburden cover proved to be deeper than anticipated and, in many areas, bedrock was covered by highly cemented glacial till. Sufficient outcrop was, however, exposed in most trenches for sampling.
Upon completing the first phase of exploration, Goldcliff acquired by staking an additional 336 hectares of mineral tenures.
Trench sampling comprised 53 rock and 10 glacial till samples. The prospecting traverse yielded 48 rock and 47 soil samples. Samples have been shipped for analysis.
Goldcliff holds an option to purchase a 100 per cent interest in the epithermal gold-silver prospect. Current permits allow for 1,500 metres of trenching and up to 20 diamond drill sites, to be completed over the next five years.
Goldcliff is a mine development company focused on near term cash flow by applying the phased production business model to precious metals assets. The Company is currently funding engineering and permitting activity on the Pine Grove, Nevada gold project through a 40 per cent joint venture interest.
Goldcliff Resource Corporation is unchanged, trading at C$0.10 at 9:58 am ET.
