White Cliff Minerals Ltd.: Gold Mineralisation Identified at Ironstone Gold Project
Perth - White Cliff Minerals Ltd. (ASX:WCN) ("White Cliff" or the "Company") is pleased to report that it has identified gold mineralisation in air-core drilling at the Ironstone gold project part of the Merolia gold project, near Laverton Western Australia.Key Points:
- Drilling identifies broad zones of gold mineralisation
- Mineralisation open along strike and at depth
- Further drilling to commence in January 2017
The Company recently completed a 2,000 metre drilling program targeting a substantial gold in soil anomaly 200 metres west of previous drilling.
The drilling identified multiple broad mineralised zones from shallow depths that remain open at depth and along strike. Results include:
- 4 metres at 1.8 g/t gold within 12 metres at 1.1 g/t gold
- 4 metres at 1.3 g/t gold and 5 metres at 0.6 g/t gold
- 4 metres at 0.79 g/t gold and 4 metres at 0.77 g/t gold within 12 metres at 0.66 g/t gold
In addition to the main mineralised intersections there are wide zones of +0.2 g/t gold mineralisation that indicates the presence of a large mineralised system and alteration halo.
The Company is particularly encouraged by the higher grade intersections in the weathered zone as drilling at the adjacent prospect identified substantially higher grades in the fresh rock below similar gold results in the weathered shallow zone. The Company has planned additional air core drilling to test the target further in January 2017. The drilling will be carried out in conjunction with drilling testing the adjacent Comet Well gold in soil anomalies.
Managing Director Todd Hibberd commented that "The first phase of drilling at Ironstone has revealed some intriguing geology, quartz veining and more importantly significant gold mineralisation.
Follow up drilling will test the mineralisation at depth and along strike and help to clarify the relationship between the new gold mineralisation and the high grade gold mineralisation (4 metres at 5 g/t gold and) identified 200 metres west of the current drilling.
We believe the Merolia project has great potential for a major gold discovery and the ongoing drill programs are the first phase of a broader exploration strategy aimed at delivering on that potential."
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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:
White Cliff Minerals Ltd.
Todd Hibberd Managing Director
T: +61-8-9321-2233
www.wcminerals.com.au
