George W. Sanders, President of Goldcliff Resource Corporation (TSX VENTURE:GCN), reports that the first phase of exploration work on the Copper Mountain-Tulameen project has been completed.
The three copper and gold porphyry targets were explored and three additional mineralized showings were located on the Goldcliff holdings. The field work consisted of geological mapping and sampling, stream sediment and water-bar sampling, and a geophysical radiolithic ground survey. In total, 261 samples were taken from rock-outcrop and stream-soil locations, along with 120 kilometres of radiolithic measurements. Three new sulphide-rich showings were discovered on new logging roads. The three targets contain copper and gold mineralized sulphides similar to the Copper Mountain ore deposits within the Princeton Copper-Gold mining district. The samples and radiolithic data are in the process of being analyzed.
The Princeton Copper-Gold mining district is a world-class copper-silver-gold mining region hosting porphyry-style mineralization. The super-pit at the Copper Mountain mine consists of a copper resource of 518.6 million tons of 0.31% Cu containing 3.2 billion pounds of copper with gold-silver credits. The mine is scheduled to restart in 2011. The historical production in the Princeton mining district, together with Copper Mountain's current copper resource, totals 4.9 billion pounds.
The Goldcliff multi-sensor airborne geophysical survey indicates that the intrusive suite hosting the Copper Mountain deposits extend to the southwest through the Goldcliff claim block. Recent mapping by the BC Geological Survey confirms that the prospective geology extends onto the Company holdings. This geologic mapping, together with the historical data, provides strong evidence of structural settings that are magnetically similar to Copper Mountain ore deposition. The airborne geophysical signatures also indicate conductivity and potassic alteration patterns consistent with porphyry-style mineralization at Copper Mountain. The radiolithic ground survey was conducted to help determine rock types and alteration zones associated with mineral deposits.
The Goldcliff Copper Mountain-Tulameen project is a contiguous block of 56 mineral claims totalling 25,387 hectares. The claims were acquired by staking and are 100 per cent-owned by Goldcliff. The project area has established infrastructure, with the town of Princeton (British Columbia, Canada) as the centre of commercial activity. The project is situated west of Highway 3, a major route in the province of British Columbia, and contains abundant access roads. The project also has water and access to electrical power.
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.
Source: Goldcliff Resource Corporation