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White Cliff Minerals Ltd.

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Summary

Project:

Aucu

Deposit:Aucu
Location:Kyrgyz Republic
Commodities:Gold-Copper
Date:5/30/2018
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Pre-Feasibility Study
Report details:30-5-2018: White Cliff Minerals Ltd. announces a Resource Estimation report for its Aucu deposit at the Aucu project. Updated mineral resource estimate at Aucu. White Cliff Minerals Limited (“White Cliff” or the “Company”) is pleased to report a new JORC
Resources:(Resource, Inf.): 2.95Mt @ 5.1g/t Au for 484Koz Au contained
CP/QP:[Resources]: Ian Glacken (Optiro Pty Ltd.)
ABSTRACT:White Cliff Minerals Limited (“White Cliff” or the “Company”) is pleased to report a new JORC code compliant inferred gold and copper mineral resource for the Aucu Project in north-west Kyrgyz Republic. Mining industry consultant Optiro Pty Ltd (Optiro) has estimated an updated JORC code compliant inferred mineral resource reported at a lower cut-off grade of 1 g/t gold for the Aucu deposit of 2.95 million tonnes grading 5.1 g/t gold containing 484,000 ounces of gold. The new mineral resource represents a 60% increase in ounces of contained gold over the previous gold resource of 302,000 ounces reported in April 2017. Optiro has also estimated an updated JORC code compliant inferred copper mineral resource, reported at a lower cutoff grade of 0.25% copper for the Chanach Copper deposit 17.2 Mt tonnes at 0.37% copper for 64,000 tonnes of contained copper. The new inferred copper resource represents a 46% increase in contained copper over the previous contained copper resource of 44,870 tonnes reported in April 2017. As previously reported, the gold and copper inferred resources start at surface, have only been shallowly drilled in most areas and remain open along strike and at depth. The reported gold resources represent less than 5% of mineralised faults identified by rock-chip sampling within the Aucu Project tenements to date. Approximately 95% of the mineralised faults identified by rock-chip sampling are still to be drilled. The gold bearing mineralised structures extend beyond the current resource estimate area over a length greater than 3,000 metres and occur as multiple lodes (Figure 1). The Company has recommenced exploration with the establishment of the field camp and is currently conducting an extensive soil geochemical survey to refine gold, copper and lead-zinc anomalies identified last year and to test more of the prospective areas of the licence. Managing Director Todd Hibberd commented that “The 60% increase in the JORC code compliant inferred gold resource from 302,000 ounces to 484,000 ounces based on a small drilling program indicates just how prospective the project actually it. The 46% increase in the copper resource from 43,000 tonnes to 64,000 tonnes of contained copper also demonstrates that there is more mineralisation to find. In addition, the soil geochemical program conducted in 2017 identified several new gold, copper and base metal anomalies that are currently being followed up. The quality of the current resource combined with the rock chip and soil geochemical sampling of the extensive mineralised systems shows that the Aucu gold project has significant potential for substantially more gold and copper resources to be identified from further drilling.

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