White Cliff Minerals Ltd (ASX:WCN) Investor Update - September Quarter
Quarterly Highlights
Aucu Gold Deposit: Central Asia
- New drilling results:
-- 4 metres at 12 g/t gold including:
1 metre at 41.3 g/t gold
-- 3 metres at 14 g/t gold including:
1 metre at 41.6 g/t gold
-- Quartz reef at surface + visible gold
-- Strike extent +3 kilometres
Merolia Gold: Western Australia
- New geochemical results:
-- Multiple new gold anomalies at Ironstone, Comet Well, Burtville
-- Peak soil assay 42.1 g/t gold
-- Anomalies typically +100 ppb
-- Quartz reef at surface +visible gold
-- Strike extent up to 2.7 kilometres
Summary of Quarterly Results
Aucu Gold Deposit: Central Asia
- New gold zone discovered
-- Quartz reef - Visible gold
-- +500 metres long
-- Multiple +20 g/t gold results
- More drilling to come
- Targeting resource upgrade
Merolia Gold: Western Australia
- Multiple new gold anomalies
-- Peak soil assay 42.1 g/t gold
-- Quartz reef at surface +visible gold
-- Strike extent up to 2.7 kilometres
- Extensive drilling scheduled
- Major discovery potential
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About White Cliff Minerals Ltd:
White Cliff Minerals Ltd. (ASX:WCN) is a Western Australian based exploration company with the following projects:
Chanach Copper-Gold Project (89%): The Project contains extensive porphyry related gold and copper mineralisation starting at the surface and extending over several kilometres. Drilling during 2014 has defined a major gold discovery with an initial inferred resource of 1.15Mt at 4.2 g/t containing 156,000 ounces of gold Drilling has also defined a significant copper deposit at surface consisting of 10Mt at 0.41% copper containing 40,000 tonnes of copper. Drilling in 2015 identified extensions of the known mineralisation over an additional 900 metres of strike with multiple intersections greater than 1 ounce per tonne (31.1 g/t) gold. Extensive mineralisation occurs around both deposits demonstrating significant expansion potential. The project is located in the Kyrgyz Republic, 350km west-southwest of the capital city of Bishkek and covers 83 square kilometres. The Chanach project is located in the western part of the Tien Shan Belt, a highly mineralised zone that extending for over 2,500 km, from western Uzbekistan, through Tajikistan, Kyrgyz Republic and southern Kazakhstan to western China.
Merolia Project (100%): The project consists of 771 square kilometres of the Merolia Greenstone belt and contains extensive ultramafic sequences including the Diorite Hill layered ultramafic complex, the Rotorua ultramafic complex, the Coglia ultramafic complex and a 51 kilometre long zone of extrusive ultramafic lava’s. The Intrusive complexes are prospective for nickel-copper sulphide accumulations possibly with platinum group elements, and the extrusive ultramafic rocks are prospective for nickel sulphide and nickel-cobalt accumulations. The project also contains extensive basalt sequences that are prospective for gold mineralisation including the Ironstone prospect where historical drilling has identified 24m at 8.6g/t gold.
Source:
White Cliff Minerals Ltd.
Contact:
Todd Hibberd Managing Director T: +61-8-9321-2233 Mike Langoulant Chairman T: +61-8-9321-2233 White Cliff Minerals Ltd. WWW: www.wcminerals.com.au