White Cliff Minerals claims new copper-gold discovery

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THE DRILL SERGEANT: White Cliff Minerals (ASX: WCM) has claimed a new copper and gold discovery at the Chanach project Joint Venture (WCM 57%) in the Kyrgyz Republic.

The new discovery, called Aucu, occurs two kilometres of the Chanach copper deposit.
According to White Cliff, rock chip and trench channel sampling has identified copper and gold zones from the 701 samples collected by the JV in late 2013.

White Cliff explained the mineralisation at Aucu occurs in three zones and is hosted in highly altered limestone and felsic porphyry units, which consists of quartz veining and associated alteration impregnated with sulphides including pyrite and chalcopyrite.

The three mineralised zones identified by trench sampling consist of:

7 metres at 3.83 per cent copper and 30.1 grams per tonne gold;

10m at 1.73 per cent copper including 1m at 106g/t gold; and

9m at 6.03g/t gold.

 

Geological map showing location of new copper and gold discovery on
the outer edge of a much larger alteration zone (blue oval) and strong
phyllic alteration (purple hatch) outcropping in the centre of the
alteration. Source: Company announcement

 

 

The rock sampling was mainly concentrated over the western half of the Chanach lease to follow up anomalous 2010 gold rock chip results and satellite ASTER alteration targets identified in 2011 but not previously explored.

White Cliff said the JV’s initial geological interpretation indicates the new results are part of a much larger mineralised system greater than one kilometre diameter centred 500m to the west of the mineralised zones.

“The new copper-gold discovery continues to expand the scale of the Chanach project and demonstrates that the project has the potential to host multiple large scale copper-gold resources,” White Cliff Minerals managing director Todd Hibberd said in the company’s announcement to the Australian Securities Exchange.

“The current exploration has barely scratched the surface and a lot more sampling and drilling is warranted.”

Email: info@wcminerals.com.au

Website: www.wcminerals.com.au