Goldcliff sees Growing Bulk Tonnage Opportunity at Panorama Ridge

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 22, 2007 --

The world’s most powerful currency just received a slap in the face by the world’s top earning supermodel. Gisele Bundchen, has insisted on being paid in Euros rather than US dollars. When even supermodels are making news by protecting their wealth from the plummeting US dollar, gold becomes foremost on investors’ minds. Of course, gold is widely considered a hedge against the dollar and so far, following the decline of the greenback, the gold price has responded as expected. Gold has increased relative to not just the American dollar, but to the other major currencies across the world. And many predict an unprecedented further acceleration in the price of gold. Goldcliff Resource Corp’s President, George Sanders, points out the enormous opportunity for investors to leverage their exposure to the rising gold price by investing in a gold resource like Panorama Ridge, Goldcliff’s 100% owned flagship gold property.

Although Goldcliff has thus far focused on reporting drilling results from a few high-grade zones on the property, according to Sanders, Panorama Ridge in fact has substantial bulk tonnage, open pit potential. In addition to the high-grade gold that Goldcliff is drilling, Sanders explains that in today’s gold market the low-grade material at Panorama is becoming economic, and in turn substantially increasing the potential size of the Panorama resource.

“We’ve been focused on the material right around a gram per tonne and in excess of a gram and we’re finding lots of potential tonnage of that material, but that material occurs within an even bigger envelope of low grade material. As these gold prices move higher, that lower grade material starts to become of serious economic interest. It moves into a resource category as you’re able to lower your cut-off grades.”

Focused in British Columbia adjacent to the historic and prolific Mascot Mine, Goldcliff is in the midst of a 10,000m drill program that is slated to wrap up in the spring of 2008 with resource estimates to follow soon after. Results from the Panorama Ridge property, concentrating on the high grade York/Viking and Nordic zones, will arrive over the next weeks and months as Goldcliff’s drilling results make their way through queues at the assay labs.

Highlights published thus far have included 1.56 g/t gold over 40.84m including 3.05 g/t gold over 19.23m and 5.24 g/t gold over 8.56m and 31.2 g/t gold over 0.25m at the Nordic zones. Highlights from the York/Viking zone include 58.27m of 1.01 g/t gold, 38.01m of 1.19 g/t gold, and 27.88m of 1.05 g/t gold.

The Panorama Ridge story began one afternoon in 2000 when geologists Leonard Saleken and Grant Crooker drove up the Nickel Plate Road only four kilometers from the Nickel Plate Mascot Mine near Hedley, BC.

The rest of the article is here: http://www.resourcexinvestor.com/news.php?id=3381

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