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White Cliff Minerals Ltd.
Summary
| Project: | Merolia | |
|---|---|---|
| Deposit: | Ironstone | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/21/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-12-2016: White Cliff Minerals Ltd. announces an Exploration/Drilling Update report for its Ironstone deposit at the Merolia project. Drilling results incl. 12m @ 1.1g/t Au. White Cliff Minerals Limited (“White Cliff” or the “Company”) is pleased to rep | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Todd Hibberd (Internal) | |
| ABSTRACT: | White Cliff Minerals Limited (“White Cliff” or the “Company”) is pleased to report that it has identified gold mineralisation in air-core drilling at the Ironstone gold project part of the Merolia gold project, near Laverton Western Australia. The Company recently completed a 2,000 metre drilling program targeting a substantial gold in soil anomaly 200 metres west of previous drilling. The drilling identified multiple broad mineralised zones from shallow depths that remain open at depth and along strike. In addition to the main mineralised intersections there are wide zones of +0.2 g/t gold mineralisation that indicates the presence of a large mineralised system and alteration halo. The Company is particularly encouraged by the higher grade intersections in the weathered zone as drilling at the adjacent prospect identified substantially higher grades in the fresh rock below similar gold results in the weathered shallow zone. The Company has planned additional air core drilling to test the target further in January 2017. The drilling will be carried out in conjunction with drilling testing the adjacent Comet Well gold in soil anomalies. Managing Director Todd Hibberd commented that “The first phase of drilling at Ironstone has revealed some intriguing geology, quartz veining and more importantly significant gold mineralisation. Follow up drilling will test the mineralisation at depth and along strike and help to clarify the relationship between the new gold mineralisation and the high grade gold mineralisation (4 metres at 5 g/t gold and) identified 200 metres west of the current drilling. We believe the Merolia project has great potential for a major gold discovery and the ongoing drill programs are the first phase of a broader exploration strategy aimed at delivering on that potential. | |
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