White Cliff Minerals Ltd: Bonanza Gold Results in RC Drilling Expand Aucu Gold Deposit
Perth - White Cliff Minerals Ltd. (ASX:WCN) ("White Cliff" or the "Company") is pleased to report that more substantial gold and copper mineralisation has been identified in new drilling at the Quartz Zone within the Aucu Gold project.Highlights:
- 12 metres at 15.6 g/t gold intersected in RC drilling including:
-- 2 metre at 79.2 g/t gold
- 5 metres at 4.5 g/t gold including;
-- 1 metre at 11.5 g/t gold
- 12 metres at 0.81% copper including:
-- 2 metres at 1.8% copper within;
-- 26 metres at 0.48% copper
Drill hole ERC16-36 has intersected bonanza gold mineralisation both within the quartz reef and in the surrounding alteration halo (Figure 1, refer to link below). Assay results include 2 metre at 79.2 g/t gold within 12 metres at 15.6 g/t gold and 12 metres at 0.81% copper.
These results are directly below results intersected in drill hole ERC16-35 of 1 metre at 149 g/t gold within 11 metres at 15.2 g/t gold (Figure 2, refer to link below).
In addition 25 metres further south on section 2970, drill hole ERC16-38 has intersected 5 metres at 4.5 g/t gold including 1 metre at 11.5 g/t gold and 6 metres at 0.46% copper from 3 metres depth.
Managing Director Todd Hibberd commented that "The ongoing exceptional gold assay results from the Quartz Zone demonstrate just how remarkable the Aucu gold project really is. The current results are spectacular and continue to extend the scale of the mineralisation. How often can you find a gold deposit with visible gold in quartz veins at surface that is backed up by 11 metres at 15.2 g/t from 42 metres depth and below that another amazing intersection of 12 metres at 15.6 g/t from 82 metres? In addition the deposit has clean metallurgy, high recoveries and simple processing options that lend themselves to a low cost high margin mining operation."
High Grade Gold Intersections in RC Drilling Extend Mineralised Zone
The high grade results intersected in in drill holes ERC16-34, ERC16-35,ERC16-36 and ERC16-38 extend the quartz zone a further 75 metres southeast of the initial drill line which identified exceptional mineralisation from surface to 65 metres depth while remaining open at depth (Table 1, refer to link below). Drill defined gold mineralisation has been identified along the quartz reef over a distance of 185 metres. Mineralised outcrop containing visible gold extends along the exposed quartz reef over a distance of 243 metres (Figure 1).
Drilling Update
Drilling has been finished for the 2016 field season. A total of 4,045 metres were completed consisting of 16 diamond holes and 17 RC holes as detailed in Table 2, refer to link below. The Company is awaiting assay results for ERC16-25, 37 and 40-43. Further assay information will be released as it becomes available.
Aucu Gold Deposit Summary
As previously reported (ASX releases 24 Mar 15 and 02 Apr 15), the Company announced a maiden inferred resource for the Aucu gold deposit above a cut-off grade of 1 g/t gold of 1.15 Million tonnes grading 4.2 g/t gold for 156,000 ounces1 of contained gold.
In 2015, drilling identified exceptional gold mineralisation2 to the east of the Upper Gold Zone (UGZ) over a strike length of at least 500 metres (ASX releases 11 Nov 15, 1 Dec 15 and 7 Dec 15). Results included:
- 8 metres at 55.2 g/t gold from 66 metres including 1 metre at 89.9 g/t gold
- 4 metres at 59.9 g/t gold from 66 metres including 1 metre at 189 g/t gold
- 2 metres at 43.5 g/t gold from 86 metres
- 1 metre at 103.4 g/t gold from 74 metres
- 3 metres at 41.4 g/t gold including 1 metre at 71 g/t gold
- 4 metres at 23.8 g/t gold from 85 metres
- 2 metres at 22 g/t gold from 102 metres
- 1 metre at 58 g/t gold
In 2016, drilling east of the Upper Gold Zone identified further substantial mineralisation over an additional 300 metres of strike length. Results included:
- 11 metres at 15.2 g/t gold from 42 metres including 1 metre at 149 g/t gold
- 12 metres at 15.6 g/t gold from 82 metres including 2 metres at 79 g/t gold
- 12 metres at 5.1 g/t gold from 34 metres including 2 metres at 26.2 g/t gold
- 5 metres at 9.9 g/t gold from 3 metres
- 9 metres at 8.3 g/t gold from 96 metres
- 4 metres at 12 g/t gold from 49 metres
- 3 metres at 9.8 g/t gold from 9 metres
Substantial copper intersections include:
- 66 metres at 0.91% copper from 33 metres including 18 metres at 1.85% copper
- 24 metre at 1.34% copper from 71 metres including 7 metres at 5.1% copper
- 19 metres at 0.74% copper from 22 metres including 2 metres at 2.4% copper
In addition:
- Mineralisation outcrops at surface over an elevation of at least 600 metres,
- Mineralisation remains open in all directions and at depth,
- Overall metallurgical recovery of all mineralised zones is 99%, and
- Gravity recoverable gold averages 88.6% (gold that reports to the gravity concentrate).
To view tables and figures, please visit:
http://abnnewswire.net/lnk/23947774
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
T: +61-8-9321-2233
www.wcminerals.com.au