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Goldcliff Resource Reviews Kettle Valley Drilling
VANCOUVER, British Columbia, July 28, 2022 (GLOBE NEWSWIRE) -- George Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the “Company”) (GCN:
About this update from Goldcliff Resource Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, July 28, 2022 (GLOBE NEWSWIRE) -- George Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the “Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS) reports that all analytical results have been received for the five NQ size diamond drill holes (1,500m) completed in April 2022 on the Kettle Valley gold/silver (Au/Ag) project in southern B.C. This was a reconnaissance drill program conducted from the currently available infrastructure (logging roads). The wide spaced holes spanning 550 metres from north to south were drilled easterly at shallow angles (45 deg). The objective was to test a portion of the nearly one kilometre long, well defined north-south trending Au/Ag soil and rock geochemical anomaly. Drilling provided important geologic information in the quest to locate a new epithermal gold/silver deposit. Epithermal Au/Ag deposits are structurally controlled with mineralization often occurring within discrete elevation ranges. All holes encountered one or more structures ranging from <1m up to 17.65m (core length). Structures often occur as brecciation along with strong silicification, carbonate alteration, and pyritization all indicative of intense hydrothermal activity. The epithermal zones did not yield a “discovery intercept” and surprisingly did not carry significant precious metals, with Au/Ag values ranging from background to mildly anomalous. There were however, discrete mineralized sections such as in holes KV22-01 and KV22-05 near the southern end of the area tested. At 58.0m in hole KV22-01, a 1.50m interval assayed 0.257g/t Au and further downhole starting at 126.50m a 9.5m section graded 0.297g/t Au and 5.92g/t Ag. Contained within this interval is a 1.50m sample grading 1.272g/t Au and 11.42g/t Ag. In KV22-05 located 85m north a 1.50m interval at 48.5m downhole graded 0.237g/t Au and occurs near the same elevation as the upper intercept in KV22-01. Although “epithermal type” structures were intersected the drilling may have been below the favourable elevations of such mineral systems. When viewed in section the drill holes were from 70 to over 250m below the Cliff Zone soil anomalies and bedrock mineralization. All holes encountered “basement” granites and were terminated in these rocks. The granites vary in composition and texture, likely indicating different phases o...