|
| |||||||||||||||
Goldcliff Resource Corporation: York-Viking Drilling Extends Gold Zone VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 14, 2008 -- Leonard W. Saleken, Chairman of Goldcliff Resource Corporation
(CDNX:GCN.V - News) is pleased to report that the 2007 York-Viking
drilling results extend the gold mineralization at depth
and expand the zone to the northeast. The assay results
for the first eight 2007 diamond drill holes confirm that
the York-Viking gold mineralization continues to expand
on the Company's 100%-owned Panorama Ridge property near
Hedley, B.C. The drill results are highlighted by 20.06
metres containing 1.03 grams per tonne gold which include
9.00 metres containing 2.03 grams per tonne gold (g/t).
High grade gold valves of 10.60 and 13.30 grams per tonne
gold have been intersected. These initial drill results
confirm continuity of good grade gold mineralization and
expand the drilled boundaries of the York-Viking zone. The
gold mineralization and gold values are consistent with
all of the previously reported gold assay results within
the zone. This York-Viking drilling confirms that the Gold Mineralized Zone (GMZ) is extensive, continuous and consistent with the previous results. The surface and drilling gold values confirm that the Gold Mineralized Zone (GMZ plus 0.20 g/t gold) contains multiple gold horizons. The gold mineralization at the York-Viking zone is geologically similar to the gold horizons or gold beds at the historical Nickel Plate-Mascot gold mine. Significant intersections of plus one gram gold are summarized below: DDH 27078 11.86 metres of 1.07 g/t gold DDH 27080 14.00 metres of 1.01 g/t gold DDH 27081 12.00 metres of 1.58 g/t gold DDH 27085 8.00 metres of 1.00 g/t gold The York-Viking zone is situated on Panorama ridge, a prominent northeast-southwest ridge on the Panorama Ridge property. The York-Viking zone covers a surface area of 500 by 280 metres along the ridge. The area drilled to date is over 150 by 280 metres of the zone. The gold mineralization in the zone is open to the northeast toward trench SP164 and to the southwest beyond the Bonanza Trench. Trench SP164 contains 31.50 metres of 1.01 g/t gold, including 11.00 metres of 2.03 g/t gold. The Bonanza Trench reported 1.00 metre of 596 g/t gold or 17.39 ounces gold (previously reported results). Drill Hole Gold Zone Results The eight diamond drill holes were drilled from two sites. Holes 27078 to 27082 were drilled from one site and holes 27083 to 27085 were drilled from a second site. Both drill sites were positioned as step-outs to the northeast on the York-Viking zone, meaning they extended beyond the presently known mineralization. DDH (#) From (m) To (m) Interval (m) Au (g/t) Gold Zone 27078 3.66 99.97 96.01 0.23 GMZ Upper horizon 8.11 31.25 23.14 0.32 Upper Includes 9.11 19.25 10.14 0.50 Upper Includes 9.11 13.83 4.72 0.85 Upper Lower horizon 46.81 99.67 52.86 0.30 Lower Includes 54.78 83.64 26.86 0.50 Lower Includes 66.78 78.64 11.86 1.07 Lower Includes 72.78 78.64 5.86 2.08 Lower 27079 3.66 48.71 45.05 0.23 GMZ Upper horizon 8.71 20.13 11.42 0.52 Upper Includes 11.71 17.71 6.00 0.72 Upper Includes 11.71 13.71 2.00 1.02 Upper 27080 3.66 99.97 96.31 0.28 GMZ Upper horizon 18.60 38.67 20.07 0.30 Upper Includes 20.60 27.60 7.00 0.52 Upper Includes 22.60 24.60 2.00 1.18 Upper Lower horizon 63.75 99.97 36.22 0.50 Lower Includes 82.12 96.12 14.00 1.01 Lower Includes 89.12 96.12 7.00 1.77 Lower Includes 93.12 96.12 3.00 3.81 Lower 27081 3.66 99.67 96.01 0.33 GMZ Upper horizon 3.66 56.15 52.49 0.50 Upper Includes 3.66 24.12 20.46 1.03 Upper Includes 7.66 19.66 12.00 1.58 Upper Includes 10.66 19.66 9.00 2.03 Upper Includes 14.66 19.66 5.00 3.55 Upper Includes 17.66 19.66 2.00 6.70 Upper 27082 19.99 53.71 33.72 0.20 GMZ Upper horizon 24.99 37.51 7.52 0.30 Upper Includes 27.51 30.51 3.00 0.54 Upper Includes 29.51 30.51 1.00 1.30 Upper Lower horizon 50.53 61.29 10.76 0.31 Lower Includes 51.53 53.71 2.18 0.73 Lower 27083 3.66 99.67 96.01 0.27 GMZ Upper horizon 3.66 18.22 14.56 0.45 Upper Includes 3.66 8.14 4.48 0.63 Upper Middle horizon 18.22 39.71 21.49 0.36 Middle Includes 32.79 37.42 4.63 0.52 Middle Includes 35.86 37.42 1.56 0.84 Middle Lower horizon 61.61 99.67 38.06 0.22 Lower Lower horizon 73.27 77.57 4.50 0.51 Lower 27084 3.66 99.97 96.31 0.24 GMZ Upper horizon 4.29 28.35 24.06 0.49 Upper Includes 8.29 10.29 2.00 1.31 Upper 27085 3.66 81.69 78.03 0.30 GMZ Upper horizon 3.66 54.25 50.29 0.40 Upper Includes 3.66 19.34 15.38 0.70 Upper Includes 3.66 11.96 8.00 1.00 Upper Includes 4.96 9.96 5.00 1.29 Upper Includes 4.96 6.96 2.00 1.72 Upper Drill Hole Gold Zone High-Grade Results Drill Holes GMZ Gold Zone Au (g/t) DDH 27078 Upper horizon 10.60 DDH 27079 Upper horizon 1.07 DDH 27080 Upper horizon 1.96 Includes Lower horizon 7.10 DDH 27081 Upper horizon 13.30 DDH 27082 Upper horizon 1.30 Includes Lower horizon 1.03 DDH 27083 Middle horizon 1.53 DDH 27084 Upper horizon 1.57 DDH 27085 Upper horizon 2.83 Conclusions The Panorama Ridge property contains a large surface area of gold mineralization related to silica-iron alteration (skarn) in sedimentary rocks from the Hedley Formation of the Triassic Nicola Group. The gold mineralization is related to the skarn alteration and occurs over an area of approximately two square kilometres. Contained in the alteration area from northeast to southwest are the Nordic, York-Viking and Tower gold zones. These zones are separate entities occurring over a distance of approximately 1,000 metres. The trenching and drilling have narrowed the gap between the zones. The York-Viking gold zone is the largest of several gold zones discovered on the Panorama Ridge property. The Panorama Ridge property is located four kilometers east of the historic Nickel Plate-Mascot mines that produced 2.5 million ounces of gold. The Panorama Ridge property was discovered in 2000 when Goldcliff prospected new logging road outcrops. The property has mine-related infrastructure and is readily accessed by roads. Goldcliff has identified multiple gold zones that have economic potential. Eco Tech Laboratory Ltd. of Kamloops, B.C., an accredited laboratory, is conducting the sample preparation and analysis. All sample analysis is 30 gram fire assay-A.A. finish for gold and 28 multi-element ICP. The sample stream is subject to check analysis on repeat and re-split samples, and standards to maintain quality control. The drill core gold values are reported as weighted-average gold values in grams per tonne (g/t). The gold values are continuous over the core interval represented. Some additional drill assay results have been received and others are forthcoming. These assay results will be reported in an orderly manor. A total of 32 dill holes were drilled in 2007. The exploration work program for 2008 has been formulated. The access road to the Panorama Ridge property has been ploughed of snow and an early start to the drilling program is anticipated. 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, Chairman, CEO, Director
Contact: Contacts:
Goldcliff Resource Corporation
George W. Sanders
President
(250) 764-8879 or Toll Free: 1-866-769-4802
(604) 261-8994 (FAX)
Email: sanders@goldcliff.com or info@goldcliff.com
Website: http://www.goldcliff.com
Source: Goldcliff Resource Corporation
|  | ||||||||||||||
