Goldcliff Resource Corporation: Nordic Trenching Unveils High-Grade Gold.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Goldcliff Resource Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:GCN GCN Government Computer News GCN Gamecube Nintendo (gaming) GCN GIG (Global Information Grid) Computing Nodes GCN GRB Coordinates Network GCN Gospel Communications Network ) is pleased to announce that the Nordic trenching has revealed more high-grade gold at Panorama Ridge in the Hedley Gold Basin, British Columbia, Canada. Trench-ND56 cut 15.60 grams per tonnes (g/t) gold over 3.00 metres, within a 23.20 metre interval that cut 3.22 g/t gold. From end-to-end, the entire trench encounters the gold mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. zone (GMZ GMZ Gusenichnyy Mino-Zagraditel' (Russian armored track vehicle) ) which averages 1.03 g/t gold over 106.60 metres. The Nordic trench-ND56 was trenched in a NE-SW direction over a 106.60 metre interval. The trench gold sample results (continuous gold intervals, weighted gold values) are as follows:
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Trench-ND56
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Interval Gold grams per
Trenching Intervals (metres) tonne (g/t)
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GMZ 106.60 1.03
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including 56.30 1.62
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including 23.20 3.22
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including 13.00 5.18
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including 8.00 7.51
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including 3.00 15.60
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High-grade 1.00 26.50
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The current drilling program will follow up on these highly encouraging trench results. Within a large gold skarn skarn In geology, a metamorphic zone developed in the contact area around igneous rock intrusions when carbonate sedimentary rocks are invaded by and replaced with chemical elements that originate from the igneous rock mass nearby. system, the endoskarn is the recipient of the gold (sediments) and the exoskarn is the deliverer of the gold (diorites). As such, the key to geologically significant gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. lies in the association of endoskarn and exoskarn alteration. At Panorama, the deliverer of the gold is the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of stock and associated dykes. Though equivalent, the New York stock is a separate body from the Toronto stock located at the Nickel Plate-Mascot mine. Several of these diorite diorite Medium- to coarse-grained igneous rock that commonly is composed of about two-thirds plagioclase feldspar and one-third dark-coloured minerals, such as hornblende or biotite. stocks occur in the Hedley Gold Basin. Gold-bearing skarn mineralization in the Hedley camp, and at Panorama, is hosted in Upper Triassic Nicola Group rocks and is genetically related to the Early Jurassic Hedley Intrusions. During gold skarn development, destruction of igneous ig·ne·ous adj. 1. Of, relating to, or characteristic of fire. 2. Geology a. Formed by solidification from a molten state. Used of rocks. b. Of or relating to rock so formed; pyrogenic. ferromagnesian fer·ro·mag·ne·sian adj. Containing iron and magnesium. ferromagnesian Containing iron and magnesium. Magnetite and hornblende are ferromagnesian minerals. minerals and the lowering of iron content of the endoskarn were matched correspondingly by an increase of iron in the exoskarn. This suggests that the ferromagnesian minerals in the Hedley intrusions were the source of the iron enrichment in the exoskarn and ore zones, and may also be the source of the gold (Ray, Bulletin 87). The gold skarn development is very evident in Trench-ND56 and elsewhere on Panorama. The exoskarn (sediments) is enriched in gold (1.34 g/t gold) and iron (4.27 %) and the endoskarn (diorites) is depleted de·plete tr.v. de·plet·ed, de·plet·ing, de·pletes To decrease the fullness of; use up or empty out. [Latin d in gold (0.016 g/t gold) and iron (2.63 %). In 2000, Goldcliff discovered the Panorama Ridge property containing gold skarn sedex-strata-bound mineralization. Goldcliff's property is located to the east of the previously-mined Nickel Plate-Mascot gold mine that once produced 2.5 million ounces of gold. The gold grades and geology at Panorama are comparable to those of the mine ore-bodies. In 2002, Goldcliff extended its surface prospecting based on the encouraging gold results from the 2001 work at Panorama. In 2003, Goldcliff's drilling discovered the York-Viking zone. The discovery hole intersected a high-grade gold section averaging 2.77 g/t over 10.00 metres. The high-grade occurs within a 46.00 metre intersection grading 1.24 g/t gold. The gold mineralized zone (GMZ) covers 82.51 metres grading 0.88 g/t gold. The higher gold values range up to 7.65 g/t gold. In 2004, Goldcliff's drilling intersected the highest-grade gold values of 34.30 g/t gold at the York-Viking zone. Trenching within the drill area reported 1.13 g/t gold over a total length of 77.40 metres. Contained within this section of gold mineralization is 1.70 g/t gold over 23.00 metres. Individual one metre samples as high as 6.31 g/t gold occurred. For 2005, exploration trenching and drilling are focusing on the high-grade gold potential at the York-Viking and Nordic zones at Panorama. Additional samples from other trenches are currently being assayed. Leonard W. Saleken, PGeo, is the qualified person as defined by National Instrument 43-101 who supervised the preparation and verification of the technical information in this release. GOLDCLIFF RESOURCE CORPORATION Leonard W. Saleken, PGeo, President The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or the accuracy of this news release. Goldcliff Resource Corporation (TSX VENTURE:GCN) |
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