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White Cliff Minerals Ltd.
Summary
| Project: | Aucu | |
|---|---|---|
| Deposit: | Quartz zone | |
| Location: | Kyrgyz Republic | |
| Commodities: | Gold-Copper | |
| Date: | 11/10/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-11-2016: White Cliff Minerals Ltd. announces an Exploration/Drilling Update report for its Quartz zone deposit at the Aucu project. Drilling results incl. 5m @ 9.9g/t Au from 3m. White Cliff Minerals Limited (“White Cliff” or the “Company”) is pleased | |
| Resources: | (Resource, Inf.): 1.15Mt @ 4.2g/t Au for 156000oz Au contained at Aucu | |
| CP/QP: | [Overall Report]: Todd Hibberd (Internal) | |
| ABSTRACT: | White Cliff Minerals Limited (“White Cliff” or the “Company”) is pleased to report additional visible gold intersections from recent drill holes at the Quartz Zone within the Aucu Gold project. Drill hole ERC16-30 has intersected substantial gold mineralisation both within the quartz reef and in the surrounding alteration halo (Figure 1). Assay results include 1 metre at 41.5 g/t gold within 5 metres at 9.9 g/t gold and 3 metres at 1.26% copper. ERC16-29 intersected 7 metres at 3.21 g/t gold including 1 metre at 9.5 g/t gold and 19 metres at 0.74% copper including 2 metres at 2.38% copper and 2 metres at 1.46% copper from 22 metres with all assays in fresh rock. The new mineralised zones intersected in drill holes ERC16-29 and ERC16-30 extend the quartz zone a further 50 metres northwest of the initial drill line which identified exceptional mineralisation from surface to 100 metres depth while remaining open at depth (Table 1). In addition to the above results, drilling has been completed at a further two sections (sections 2980 and 2970) where drilling has intersected the mineralised quartz vein. Drilling is currently underway on section 3060 at the north-western end of the Quartz Zone and will then move to section 2920 at the south-eastern end of the Quartz Zone. The Quartz Zone outcrops at surface in all road cuttings completed and visible gold has been identified in rock samples at surface in all road cuttings over an elevation range of 140 metres to date (see Figure 1 – visible gold marked with a star). Managing Director Todd Hibberd commented that “The exceptional gold assays confirm the visible gold panned from the quartz reef at surface. We have high expectations that drilling will continue to deliver more substantial gold intersections at depth and along strike. The Company will endeavour to complete as much drilling as possible before autumn weather conditions make drilling too difficult to continue.” | |
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