White Cliff intersects high-grades in second Canach gold system

/in /by

THE DRILL SERGEANT: White Cliff Minerals (ASX: WCN) has reported the intersection of multiple zones of high-grade gold mineralisation in the second mineralised system the company has identified at its Chanach project, located in the Kyrgyz Republic.

The second zone is known as the Copper-Gold Zone (CGZ) and occurs 120 metres above and parallel to mineralisation White Cliff previously identified at the Lower Gold Zone (LGZ).

The latest results were achieved with drill hole CH14-28, which was drilled along strike from previous reported mineralisation in drill holes CH14-17 and CH14-18.

According to White Cliff gold mineralisation occurs within multiple shear zones and starts at surface.

 

Copper Gold Zone (CGZ) map showing completed drill-hole locations, roads
in blue, mineralised zones in red hatch. New results in yellow text
box. Source: Company announcement

 

New assay results (CH14-28) include:

5 metres at 4.7 grams per tonne gold from 20m;

6m at 7.5g/t gold from 36m, including 1m at 30.6 g/t gold;

4m at 6g/t gold from 80m;

5m at 2.5g/t gold from 127m and;

2m at 2.3 g/t gold from 148m.

The company believes the new results support its previously results from the CGZ where the first six reverse circulation drill holes identified high-grade mineralisation within two shear zones.

These earlier assay results included:

4m at 13.6g/t gold, including 1m at 30.1g/t from 50m;

3m at 11.5g/t from 36m;

5m at 4.2g/t gold from 55m;

4m at 23.8g/t gold from 85m; and

2m at 22g/t gold from 102m.

“The continued high-grade gold results from drilling demonstrate the outstanding potential of the Aucu gold deposit to develop into a major gold discovery,” White Cliff Minerals managing director Todd Hibberd said in the company’s announcement to the Australian Securities Exchange.

“The company has now confirmed that high-grade gold mineralisation occurs within both the Copper-Gold Zone and the Lower Gold Zone.

“The possibility of further parallel systems remains untested.

“Mineralisation starts at the surface and has been identified to at least 100 metres vertical depth in both systems and is open along strike in both directions.

“The company is currently planning extensive exploration activities for the 2015 field season.”

Email: info@wcminerals.com.au

Website: www.wcminerals.com.au