White Cliff Minerals Ltd.: Air-core Drilling Update - Ironstone Gold Project
Perth - White Cliff Minerals Ltd. (ASX:WCN) ("White Cliff" or the "Company") is pleased to report that it has commenced a 2,000 metre air-core drilling program targeting a large gold anomaly at the Ironstone Gold prospect, part of the Merolia gold project, near Laverton Western Australia.Key Points:
- 2,000 metre Air-core drilling programme underway
- Quartz veining intersected in multiple holes
- Initial samples dispatched to laboratory
- Drilling targeting 340 ppb gold (0.34 g/t gold) gold soil anomaly at surface
To date, 1000 metres of drilling has been completed and geological logging of drill rock chips has identified quartz veining in several holes. The samples have been dispatched to the Laboratory for assaying. Results are expected within the next month.
The target soil anomaly occurs at surface and extends over 240 by 180 metre area. The maximum gold value is 340 ppb (0.34 g/t) which occurs within a halo of +100ppb gold values (see figure 1 in the link below). The anomaly occurs 190 metres west of recent and historical drilling that intersected 4 metres at 5 g/t and 0.3 metres at 25 g/t gold.
Managing Director Todd Hibberd commented that ?he first phase of drilling at Ironstone has revealed some intriguing geology and more importantly some substantial quartz veining. High grade gold mineralisation is associated with quartz veining 190 metres west of the current drilling. The samples have been dispatched for assay and we keening await the results. We believe the Merolia project has great potential for a major gold discovery and this drill program is the first phase of a broader exploration strategy aimed at delivering on that potential."
To view tables and figures, please visit:
http://abnnewswire.net/lnk/Q0V256Z7
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.
Contact:
White Cliff Minerals Ltd.
Todd Hibberd Managing Director
+61-8-9321-2233