Goldcliff Resources (TSX.V:GCN) assayed a trenching sample from its 100% owned Panorama Ridge project that returned a value of over 15 ounces per tonne of gold.
Canada (Press Release) April 16, 2008 --
Goldcliff Resources (TSX.V:GCN) assayed a trenching sample from its 100% owned Panorama Ridge project that returned a value of over 15 ounces per tonne of gold. The bonanza grade sample was assayed twice to confirm the result, which has validated the company’s theory that there would be high grade zones encountered throughout broadly disseminated lower grade host rock.
In the Hedley gold camp, the gold mineralization occurs in altered (skarn) sedimentary beds.
At Panorama Ridge,very little of the gold mineralization is visible native gold, even in the Bonanza Trench intercept. In order to have these bonanza gold grades, a gold-telluride compound mineral is thought to be related to the high-grade gold values. Goldcliff is researching the mineralogical possibilities to identify the mineral that is attributed to the high-grade gold values.
The Bonanza Trench, located at the south-western portion of the York-Viking zone, is a major gold discovery. The high-grade gold discovery at Panorama Ridge is comparable to the high-grade gold mineralization mined underground at the Nickel Plate Mine. The high-grade gold beds occur within an overall mineralized sequence that is up to 200 metres in thickness. The lower grade gold portions of this sequence were successfully mined by Mascot Gold Mines’ open pit operation.
The geological setting at Panorama Ridge is similar to these previously successful settings. Goldcliff has been targeting the bulk-tonnage potential of Panorama Ridge with success. The Bonanza Trench gold results confirm the high-grade potential of the property.
Meanwhile, trenching in the Nordic Zone at Panorama Ridge has expanded the area of previously determined mineralization by an additional 175 metres. The Nordic Zone and the York-Viking Zones are roughly 400 metres apart.
The Nordic Zone contains gold values averaging 1.30 to 2.32 g/t with higher grades ranging to 26.50 g/t.
Goldcliff will continue trenching throughout the 2008 exploration season, and will complete the rest of its 10,000 metre core drilling program.
Famous for gold since the first discovery in 1897, and once a thriving mining boomtown during the 1900s, Hedley was one of the great names in Canadian mining, and was named after Robert R. Hedley, manager of the Hall Smelter in Nelson, who had grubstaked many of the original prospectors.
Prospectors noticed coloured striations in the cliffs and recognized them as ore-bearing. Claims staked here were to expose one of the richest fractions in the history of mining in British Columbia. The mines were located high on mountaintops overlooking the town of Hedley below, and an aerial tramway 3 kilometres long had to be built to remove the ore.
Full Release: http://www.resourcexinvestor.com/news.php?id=5258
In the Hedley gold camp, the gold mineralization occurs in altered (skarn) sedimentary beds.
At Panorama Ridge,very little of the gold mineralization is visible native gold, even in the Bonanza Trench intercept. In order to have these bonanza gold grades, a gold-telluride compound mineral is thought to be related to the high-grade gold values. Goldcliff is researching the mineralogical possibilities to identify the mineral that is attributed to the high-grade gold values.
The Bonanza Trench, located at the south-western portion of the York-Viking zone, is a major gold discovery. The high-grade gold discovery at Panorama Ridge is comparable to the high-grade gold mineralization mined underground at the Nickel Plate Mine. The high-grade gold beds occur within an overall mineralized sequence that is up to 200 metres in thickness. The lower grade gold portions of this sequence were successfully mined by Mascot Gold Mines’ open pit operation.
The geological setting at Panorama Ridge is similar to these previously successful settings. Goldcliff has been targeting the bulk-tonnage potential of Panorama Ridge with success. The Bonanza Trench gold results confirm the high-grade potential of the property.
Meanwhile, trenching in the Nordic Zone at Panorama Ridge has expanded the area of previously determined mineralization by an additional 175 metres. The Nordic Zone and the York-Viking Zones are roughly 400 metres apart.
The Nordic Zone contains gold values averaging 1.30 to 2.32 g/t with higher grades ranging to 26.50 g/t.
Goldcliff will continue trenching throughout the 2008 exploration season, and will complete the rest of its 10,000 metre core drilling program.
Famous for gold since the first discovery in 1897, and once a thriving mining boomtown during the 1900s, Hedley was one of the great names in Canadian mining, and was named after Robert R. Hedley, manager of the Hall Smelter in Nelson, who had grubstaked many of the original prospectors.
Prospectors noticed coloured striations in the cliffs and recognized them as ore-bearing. Claims staked here were to expose one of the richest fractions in the history of mining in British Columbia. The mines were located high on mountaintops overlooking the town of Hedley below, and an aerial tramway 3 kilometres long had to be built to remove the ore.
Full Release: http://www.resourcexinvestor.com/news.php?id=5258
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