American Marconi Wireless News - Goldcliff To Test New Processing Tech for Panorama Ridge Gold Mineralization

During 2022 reconnaissance in the previously identified Tower zone on the southwest slope of Panorama Ridge, a float rock sample collected 500 metres southwest of the Tower zone returned 6.763 ppm (g/t) gold with very high bismuth and tellurium. Additionally, a geochemical sample using Lithic Drainage Sediment (LDS) methodology taken 200 metres north northwest of Tower returned .381ppm Au, with high bismuth and tellurium. Bismuth and tellurium are very important in the Nickel Plate district as they are strong pathfinder elements for gold. Perhaps more important, very strong occurrences of bismuth and tellurium could indicate the presence of hedleyitite. Hedleyite is an auriferous bismuth telluride know to be responsible for carrying very high grade gold values in the old Nickel Plate mine. During trenching in 2007 Goldcliff uncovered very high grade gold values. A one metre channel sample assayed 525 g/t gold (15.311 ounces per short ton) with an adjoining interval of 1.5 metres assaying 168 g/t gold (4.899 ounces per short ton). The 2.5 metre interval had a weighted average grade of 8.084 ounces gold per short ton. Subsequent electron microprobe analysis confirmed the presence of hedleyite and joseyite.

Goldcliff's exploration activities at Panorama Ridge from 2003 to 2008 focused on trenching and drilling lower grade, near surface bulk tonnage style of gold mineralization. While those target areas remain open and new areas yet to be tested, this September's soil, LDS geochemical sampling, and geophysical Self Potential survey is the first stage in attempting to locate lenses of additional Nickel Plate style high grade gold mineralization.

Upon completion of the field work at Panorama Ridge, the technical team will travel to Ainsworth, B.C. to begin additional sampling for high grade silver. Details will be provided once Ainsworth field work is underway.

Ed Rockel, P. Geo, qualified person as defined by National Instrument 43-101 supervised the preparation and verification of the technical information contained in this release.

For further information, please contact George W. Sanders, President, at 250-764-8879, toll free at 1-866-769-4802 or email at [email protected].

GOLDCLIFF RESOURCE CORPORATION
Per: "George W. Sanders"
George W. Sanders, President

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SOURCE: Goldcliff Resource Corp.

View the original press release on ACCESS Newswire

Y.Kobayashi--AMWN