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Goldcliff Drilling Discovers Potential Bulk Tonnage Target at Nevada Rand; Land Position Expanded
VANCOUVER, British Columbia, May 06, 2020 (GLOBE NEWSWIRE) -- George Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the “Company”) (GCN: T
About this update from Goldcliff Resource Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, May 06, 2020 (GLOBE NEWSWIRE) -- George Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the “Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS) is pleased to report a new discovery from the maiden drill programme at the Nevada Rand property in Mineral County, Nevada. Hole RD-7, the final hole of the programme intersected a broad zone of disseminated gold mineralization consistent with the grades of many Nevada deposits and open pit mines. The 21-foot (6.40 metres) zone averaged 0.28 g/t with all but two samples ranging from 0.18 g/t to 1.19 g/t. Hole RD-7 was drilled at – 70 degrees to the northwest. The well mineralized zone was intersected at 220 feet (67.06 metres) down the hole and is at a shallow 206.7 feet (63.06 metres) depth vertically below surface. This zone is not vein related and Goldcliff’s geologic team is highly encouraged by the disseminated nature of the mineralization. Hole 7 was a “wildcat” location to test the Quartz Hill area. Quartz Hill is an outcropping of quartz breccia and is a unique occurrence on the Rand property. Quartz Hill sits within an extensive area of alteration located 200 to 700 metres northwest of the main Nevada Rand workings. An aerial view of the zone can be viewed on the Goldcliff website at http://www.goldcliff.com/projects/nevada-rand/drilling/ . The oval-shaped alteration feature measures 500 metres by 300 metres. The zone trends off the property boundary into open territory. Goldcliff just completed staking 16 claims to cover this ground. The claims acquired are subject to an area of interest clause in the Option Agreement with Nevada Select, a wholly owned subsidiary of Ely Gold Royalties (ELY: TSX.V). Nevada Select will retain a 2% NSR on the newly acquired claims. The location of the new claims can be viewed at http://www.goldcliff.com/projects/nevada-rand/location/ . A total of seven holes (2,281ft/ 695.2 metres) were drilled during the late winter programme; the wildcat hole at Quartz Hill and six holes in the vicinity of the Nevada Rand workings. Of those six holes, one (RD- 3) was abandoned due to drilling difficulties and one (RD-4) was drilled away from the Rand structure to examine footwall geology. Holes RD-1 and RD-2 were drilled to test the eastern extension of the Rand vein just beyond the old workings. Rand alteration and vei...