George Sanders, President of Goldcliff Resource Corporation (TSX
VENTURE: GCN), is pleased to report that the results on the
Tulameen Project field program have defined high priority gold and
copper exploration targets near the Copper Mountain deposit at
Princeton, British Columbia. The exploration program on Goldcliff's
claims consisted of prospecting, geological mapping, stream
sediment sampling and 1,533 kilometre Resolve airborne geophysical
surveying. Exploration located a number of potential copper-gold
targets on the Tulameen Project property that have anomalous gold
values ranging up to 9.08 grams per tonne and copper values up to
133 parts per million.
Acquired by staking in early 2008, the large Tulameen land
position is owned 100 per cent by Goldcliff. The property covers
the highly prospective region between the Tulameen platinum-gold
district (to the northwest) and the Copper Mountain copper-gold
camp (to the southeast).
Geological Setting
The Tulameen Project property is located within the southern
portion of the Quesnel Terrane, or Quesnellia, of the Intermontane
Tectonic Belt of British Columbia. Quesnellia is a northwesterly
trending belt of Upper Triassic to Lower Jurassic submarine and
subaerial alkali and calc-alkali volcanic rocks, related
sedimentary rocks, and comagmatic intrusive rocks.
In the southern part of the Province this assemblage of
volcanoplutonic arc rocks is known as the Nicola Group. Throughout
the Intermontane Tectonic Belt these rocks are noted for their
mineral deposits, principally copper-gold porphyry deposits, and
copper and gold skarns. The large northerly trending fault systems
-- such as the Allison, Summers Creek, Whipsaw and Boundary -- are
believed to represent deep-seated crustal features that dominated
the geology of the region in the Late Triassic time.
The Tulameen Project property has the geological setting for
alkalic copper-gold porphyry, Alaskan gold-platinum, Kuroko
gold-silver-zinc, and other vein-type deposits associated with the
Tertiary Princeton Group and Triassic Nicola Group rocks.
Airborne Geophysical Survey
The Tulameen Project property airborne geophysical survey
located a large number of electromagnetic (EM) conductors,
magnetite anomalies and interpreted potassic alteration zones that
are both associated with the copper-gold porphyry deposits in the
Copper Mountain mine camp and related to the Nicola Group
rocks.
On the Tulameen Project property, a large number of
electromagnetic conductors occur immediately to the west of the
Copper Mountain copper-gold mine area. The magnetic and resistivity
data correlates with geological features and suggests faults
trending toward the Copper Mountain mine camp area. Many conductors
form a northerly trending group from the southern boundary of
Goldcliff's claimed area, extending approximately 25 km to the
north, suggesting the existence of significant EM conductivity
within Goldcliff's claims.
On Goldcliff's claims, the Princeton Group rocks contain many EM
conductors that overlie the Nicola Group rocks. A number of these
conductors, some quite strong, form linear trends that correlate
with magnetic trends and contacts between the younger Tertiary
Princeton Group rocks that overlie the older Triassic Nicola Group
rocks, the latter of which hosts copper and gold mineralization in
the Copper Mountain mine area.
On the Tulameen Project property, the magnetite response
anomalies can be seen throughout the survey area and are in regions
of EM conductivity. The radiometric data has identified a large
area, mostly in Nicola Group rocks, that shows high
potassium/thorium ratios that are interpreted to reflect potassic
alteration. The strong magnetite anomalies form a northwest trend,
commonly associated with EM conductivity, within the interpreted
zone of potassic-altered Nicola Group rocks. This strong magnetic
trend, as well as the long trend of EM conductors west of the
Copper Mountain mine area, is believed to represent highly
prospective exploration target zones for precious metals and base
metal mineralization similar to that found in the Copper Mountain
area. Broad, deep seated magnetic highs within Goldcliff's claimed
area show similar signatures to the magnetic highs associated with
the intrusive source rock related to the Copper Mountain
copper-gold camp mineralization. The same intrusive rock type is
interpreted to occur beneath the Princeton and Nicola rocks and is
postulated to be the source for much of the conductivity on
Goldcliff's claims.
Tulameen Project Property Targets
On the Tulameen Project Property area, Goldcliff's exploration
has identified a number of potential copper-gold targets that
require follow-up exploration to assess their potential mineral
deposit value. The exploration targets have the geophysical
features, geological setting and the geochemical values that
warrant ongoing exploration.
The geochemical values on the property, along with the
geophysical features and geological setting, support the discovery
of new copper-gold mineralization on the property.
The exploration target areas have gold values in stream
sediments ranging up to 9,080 parts per billion (ppb) or 9.08
grams/tonne and 133 parts per million (ppm) copper. The anomalous
gold values range from 151 ppb to 9,080 ppb. The anomalous copper
values range from 25 ppm to 133 ppm. These values are both highly
significant and encouraging, as they offer the potential for new
discoveries in the Copper Mountain copper-gold deposit porphyry
camp.
Conclusions
The Copper Mountain Mine project, located 15 kilometres
southwest of Princeton, B.C., is 75 per cent-owned by Copper
Mountain Mining Corp. and 25 per cent-owned by Mitsubishi Materials
Corp. The project is an open-pit porphyry copper mine that operated
from 1972 to 1996 and produced 1.74 billion pounds of copper, 9.1
million ounces of silver and 730,000 ounces of gold. The current
resource is estimated at five billion pounds of copper at a 0.15
per cent copper cut off grade. The resource estimate incorporates
data from over 4,400 historic drill holes (totalling approximately
400,000 metres) and 370 new drill holes (totalling 107,000 metres)
drilled by Copper Mountain in 2007 and 2008.
Goldcliff's large 100 per cent owned claimed area that is
immediately west of the Copper Mountain copper-gold camp contains
significant potential for additional similar mineral deposits.
The Copper Mountain district is 40 kilometres west of Hedley,
B.C., where Goldcliff's Panorama Ridge gold project is located. At
Panorama Ridge, Goldcliff is exploring a large disseminated gold
deposit in the Hedley gold district. The Panorama Ridge project
continues to be the Company's main focus. The assay results from
approximately 4,000 metres of drill core sampling are expected over
the next several weeks.
Leonard W. Saleken, PGeo (geologist), and Edwin R. Rockel, PGeo
(geophysicist), are the qualified persons as defined by National
Instrument 43-101 who supervised the preparation and verification
of the technical information in this release.
GOLDCLIFF RESOURCE CORPORATION
George W. Sanders, President, Director
Neither TSX Venture Exchange nor its Regulation Service Provider
(as that term is defined in the policies of the TSX Venture
Exchange) accept responsibility for the adequacy or the accuracy of
this news release, gcnnews2908.
Contacts: Goldcliff Resource Corporation George W. Sanders
President 250-764-8879 or Toll Free: 1-866-769-4802 604 261 8994
(FAX) sanders@goldcliff.com or info@goldcliff.com
www.goldcliff.com
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