White Cliff Minerals Ltd: Air-core Drilling Approvals Received- Ironstone Gold Project
Perth - White Cliff Minerals Ltd. (ASX:WCN) ("White Cliff" or the "Company") is pleased to report that statutory approvals have been received to conduct drilling at the Ironstone Gold prospect, part of the Merolia gold project, near Laverton Western Australia.Key Points:
- Air core drilling programme approved
- Drilling contract signed
- 2,000 metre drilling programme to commence 21 November 2016
- Drilling will target 340 ppb gold (0.34 g/t gold) gold soil anomaly at surface
The Company has signed a drilling contract with Orbit Drilling to conduct 2,000 metres of air core blade and hammer drilling that will target the soil anomaly which occurs at surface and extends over 240 by 180 metre area. The maximum gold value is 340 ppb (0.34 g/t) which occurs within a halo of +100ppb gold values (see figure 1 in the link below).
The anomaly occurs 190 metres west of recent and historical drilling that intersected 4 metres at 5 g/t and 0.3 metres at 25 g/t gold.
Managing Director Todd Hibberd commented that "The upcoming drilling is the culmination of six months of soil sampling and detailed exploration that has identified substantial gold anomalies at Ironstone, Burtville East and Comet Well. The gold anomaly at the Ironstone gold prospect is substantial and very high grade. We believe the Merolia project has great potential for a major gold discovery and this drill program is the first phase of a broader exploration strategy aimed at delivering on that potential."
The Ironstone Gold Prospect
Drilling in January 2016, followed up historical gold anomalism identified substantial gold mineralisation interpreted to trend north-northwest. To confirm the orientation of mineralisation prior to additional drilling the Company conducted a 407 sample and 151 sample soil geochemical programs that have identified the current bullseye gold anomaly. Drilling will commence later this month.
To view the press release, please visit:
http://abnnewswire.net/lnk/JXWU7086
About White Cliff Minerals Ltd:
White Cliff Minerals Ltd. (ASX:WCN) is a Western Australian based exploration company with the following projects:
Chanach Copper-Gold Project (89%): The Project contains extensive porphyry related gold and copper mineralisation starting at the surface and extending over several kilometres. Drilling during 2014 has defined a major gold discovery with an initial inferred resource of 1.15Mt at 4.2 g/t containing 156,000 ounces of gold Drilling has also defined a significant copper deposit at surface consisting of 10Mt at 0.41% copper containing 40,000 tonnes of copper. Drilling in 2015 identified extensions of the known mineralisation over an additional 900 metres of strike with multiple intersections greater than 1 ounce per tonne (31.1 g/t) gold. Extensive mineralisation occurs around both deposits demonstrating significant expansion potential. The project is located in the Kyrgyz Republic, 350km west-southwest of the capital city of Bishkek and covers 83 square kilometres. The Chanach project is located in the western part of the Tien Shan Belt, a highly mineralised zone that extending for over 2,500 km, from western Uzbekistan, through Tajikistan, Kyrgyz Republic and southern Kazakhstan to western China.
Merolia Project (100%): The project consists of 771 square kilometres of the Merolia Greenstone belt and contains extensive ultramafic sequences including the Diorite Hill layered ultramafic complex, the Rotorua ultramafic complex, the Coglia ultramafic complex and a 51 kilometre long zone of extrusive ultramafic lava’s. The Intrusive complexes are prospective for nickel-copper sulphide accumulations possibly with platinum group elements, and the extrusive ultramafic rocks are prospective for nickel sulphide and nickel-cobalt accumulations. The project also contains extensive basalt sequences that are prospective for gold mineralisation including the Ironstone prospect where historical drilling has identified 24m at 8.6g/t gold.
Contact:
Todd Hibberd Managing Director
+61-8-9321-2233
White Cliff Minerals Ltd.
www.wcminerals.com.au
