Proactiveinvestors United Kingdom White Cliff Minerals Ltd https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom White Cliff Minerals Ltd RSS feed en Thu, 18 Jul 2019 01:39:17 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - White Cliff Minerals Ltd pans visible gold from outcropping veins ]]> https://www.proactiveinvestors.co.uk/companies/news/165323/white-cliff-minerals-ltd-pans-visible-gold-from-outcropping-veins-70709.html White Cliff Minerals Ltd (ASX:WCN) has exposed an extensive zone of mineralisation in its latest drill track cutting at the 89% owned Aucu gold deposit in Kyrgyz Republic, central Asia.

Visible gold was identified in outcropping quartz veins located 127 metres along strike from Aucu’s high grade zone of 8 metres at 55 g/t gold.

Based on the identification of visible gold at surface over a 45 metre strike zone, the company has planned an additional 900 metres of reverse circulation drilling.

This drilling is separate to the ongoing diamond program, which has now completed 11 holes.

The company is awaiting assay results for five of the completed diamond holes, which were targeting the high grade Eastern Gold Zone (EGZ) within Aucu.

Diamond drilling continues

To date, a total of 1,624 metres has been completed consisting of 11 diamond holes.

Both diamond drill rigs have commenced drilling new holes targeting mineralisation along strike from the mineralisation encountered in 2015 in a drill hole which intersected 8 metres at 55 g/t gold.

A third reverse circulation drill rig will commence drilling targeting the outcropping quartz vein containing visible gold.

Aucu gold deposit

The 89% owned Aucu gold deposit is located in the Kyrgyz Republic, which is a democratic republic bordering Kazakhstan and western China.

The company announced a maiden inferred resource for the Aucu gold deposit above a cut-off grade of 1 g/t gold of 1.15 million tonnes grading 4.2 g/t gold for 156,000 ounces of contained gold.

In 2015, drilling identified exceptional gold mineralisation east of this resource at the EGZ over a strike length of at least 500 metres.

Results included 8 metres at 55.2 g/t gold and 4 metres at 59.9 g/t gold.

Overall metallurgical recovery of all mineralised zones discovered at Aucu is 99% with gravity recoverable gold averages of 88.6%.

Analysis

Identification of outcropping quartz containing visible gold is another indicator of the potential Aucu has to be a multi-million ounce gold deposit.

Aucu consists of four mineralised systems over a 3 kilometre strike length.

The epithermal gold system is exposed at surface and remains open along strike and at depth.

White Cliff remains highly leveraged to exploration upside with two drill rigs now drilling holes located near to the 2015 drill hole that intersected 8 metres at 55 g/t gold.

The Aucu gold project has the opportunity to provide White Cliff with a quick pathway to early production.

As Aucu is largely a sedimentary hosted gold deposit with favourable metallurgical properties, this indicates low mining and processing costs.

With high grade gold mineralisation at surface, this also provides the opportunity for a low capital cost, small scale operation providing significant production ounces.

The company ended the June quarter with $1.8 million in cash.

White Cliff recently received an updated broker research report valuing the stock at $0.04 with a recommendation of Speculative Buy. 

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 29 Aug 2016 10:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/165323/white-cliff-minerals-ltd-pans-visible-gold-from-outcropping-veins-70709.html
<![CDATA[News - White Cliff Minerals Ltd diamond drills high grade gold at Aucu ]]> https://www.proactiveinvestors.co.uk/companies/news/165322/white-cliff-minerals-ltd-diamond-drills-high-grade-gold-at-aucu-70461.html White Cliff Minerals Ltd (ASX:WCN) encountered grades up to 12.1 g/t gold in its latest diamond drilling at the 89% owned Aucu gold deposit in Kyrgyz Republic, central Asia.

The initial six hole program targeted the high grade Eastern Gold Zone (EGZ) within Aucu and encountered gold mineralisation in all holes.

Intersections include 2.6 metres at 4.14 g/t gold, 2.6 metres at 4.8 g/t gold and 0.5 metres at 8.4 g/t gold.

The drill results have prompted a review of the resource modelling, which now forecasts the gold mineralisation to be in a series of high grade shoots.

A third drill rig has been mobilised to accelerate the program and further drilling results are due shortly.


Drill result details

The initial six drill holes were designed to test 50 vertical metres above and below the high grade intersections encountered in the 2015 drill program.

Diamond drilling intersected gold mineralisation including:

- 2.6 metre at 4.14 g/t gold from 17.6 metres including 0.4 metres at 12.1 g/t gold;
- 0.5 metres at 8.4 g/t gold from 87.5 metres;
- 0.5 metres at 7.4 g/t gold from 62.5 metres;
- 2.6 metres at 4.8g/t gold from 48.8 metres; and
- 2.0 metres at 3.5 g/t gold from 70 metres.


Resource remodelling

The grade disparity between the exceptionally high grade 2015 results and the current results prompted a review of the mineralisation model.

The review indicates that the exceptionally high grades are possibly due to the intersection of two structures.

The intersection of the two structures provides a series of high grade shoots that occur along the intersection of these structures.

Further drilling will target these zones that have largely been missed by the initial holes of the current drill program.


Diamond drilling continues

As of the date of this release a total of 1,374 metres has been completed consisting of 9 diamond holes.

Drill rig 1 has commenced drilling a new hole targeting mineralisation 100 metres along strike of the mineralisation encountered in 2015 in a drill hole which intersected 8 metres at 55 g/t gold.

Drill rig 2 has commenced drilling a new hole targeting mineralisation immediately above the same mineralisation encountered in 2015 of 8 metres at 55 g/t gold.


Aucu gold deposit

The 89% owned Aucu gold deposit is located in the Kyrgyz Republic, which is a democratic republic bordering Kazakhstan and western China.

The company announced a maiden inferred resource for the Aucu gold deposit above a cut-off grade of 1 g/t gold of 1.15 million tonnes grading 4.2 g/t gold for 156,000 ounces of contained gold.

In 2015, drilling identified exceptional gold mineralisation east of this resource at the EGZ over a strike length of at least 500 metres.

Results included 8 metres at 55.2 g/t gold and 4 metres at 59.9 g/t gold.

Overall metallurgical recovery of all mineralised zones discovered at Aucu is 99% with gravity recoverable gold averages of 88.6%.


Analysis

The first six holes of the 2016 diamond program have assisted White Cliff in defining the sources of gold mineralisation as it looks to evolve Aucu into a multi-million ounce deposit.

White Cliff remains highly leveraged to exploration upside with two drill rigs now drilling holes located near to the 2015 drill hole that intersected 8 metres at 55 g/t gold.

The Aucu gold project has the opportunity to provide White Cliff with a quick pathway to early production

As Aucu is largely a sedimentary hosted gold deposit with favourable metallurgical properties, this indicates low mining and processing costs.

With high grade gold mineralisation at surface, this also provides the opportunity for a low capital cost, small scale operation providing significant production ounces.

The company ended the June quarter with $1.8 million in cash.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 16 Aug 2016 09:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/165322/white-cliff-minerals-ltd-diamond-drills-high-grade-gold-at-aucu-70461.html
<![CDATA[News - White Cliff Minerals Ltd: Developing Bonanza Gold in the Kyrgyz Hills ]]> https://www.proactiveinvestors.co.uk/companies/news/165321/white-cliff-minerals-ltd-developing-bonanza-gold-in-the-kyrgyz-hills-70383.html White Cliff Minerals Ltd (ASX:WCN) has received a Speculative Buy and a $0.04 target from Perth broker Hartleys.

The following is an extract from the report.


Developing Bonanza Gold in the Kyrgyz Hills

White Cliff Minerals owns ~89% of its flagship gold-copper project in the Kyrgyz Republic.

The project contains the high-grade Aucu gold deposit, which the Company discovered in 2014, and is now in the drill-out exploration phase in preparation of a major resource upgrade in early CY17.

Aucu has multi-million ounce potential, with over four mineralised systems [Upper Gold Zone (UGZ), Lower Gold Zone (LGZ), South Gold Zone (SGZ), and Camp Gold Zone] identified over a +3km strike length.

The epithermal gold system is exposed at surface and remains open along strike and at depth. White Cliff has a small current JORC resource over 300m of strike, of 1.15Mt @ 4.2g/t Au for 156Koz, which will expand significantly from the drilling now underway (~8,000m RC and diamond program).

The Company’s Exploration Target on the Upper Gold Zone East (UGZE) alone is for 1-2Mt grading 15-30g/t Au for 0.5-1.2Moz potential, which is estimated over ~500m of mineralised strike, with mineralised lode widths ranging from 1 to 4m.

We re-initiate coverage of White Cliff Minerals with a Speculative Buy recommendation and 12-month price target of 4cps.

The Company has current estimated cash of ~A$1.8m, which is sufficient to fund near-term exploration. With drilling now underway, strong news flow is anticipated.

White Cliff is leveraged to exploration success, with strong share price appreciation correlating well to positive drill results, which are anticipated.


Kyrgyz Republic - improving investment destination

Kyrgyz Republic is becoming a more favourable mining destination. The democratic Central Asian country has an improved mining code, full security over tenure (licence renewed and extended until 2020) and has an attractive tax regime in place.

Foreign investment is being encouraged with three new gold mining operations opened in the last couple of years; mining activities continue to be on the rise.

White Cliff has been working in country for over 6 years and has established strong local and central government relationships.


Aucu Gold could provide a quick pathway to early production

Aucu is largely a sedimentary hosted gold deposit with highly favourable metallurgical properties.

Metallurgical test-work to date provides excellent gold recoveries (free-milling ores) with very high gravity gold recoveries (+85%) and total overall recoveries +95% (very high gold liberation).

The altered sandstone host rock is only of moderate hardness, which we anticipate could provide low mining (reduced drill and blast) and processing (low energy requirement due to ease of crushing) costs.

With mineralisation at surface at very high-grades could also equate to low capital costs, as even a small scale operation could provide significant production ounces.


WA gold, nickel and lithium prospects being progressed

White Cliff’s Australian portfolio spans prospective greenstone belts within WA, containing gold and nickel prospects.

White Cliff’s 100%-owned Ironstone gold prospect near Laverton, also holds strong upside, with mineralised quartz veins (grading over 5g/t Au) within a shear zone identified, which remains untested over a ~500m strike length.

Assays are pending from recently completed soil geochem samples.

WCN recently entered into a JV with Liontown Resources (LTR), whereby LTR can earn up to a 70% interest in the Lake Percy Project through sole funding lithium exploration.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 11 Aug 2016 10:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/165321/white-cliff-minerals-ltd-developing-bonanza-gold-in-the-kyrgyz-hills-70383.html
<![CDATA[News - White Cliff Minerals Ltd finds four mineralised zones in second Aucu drill hole ]]> https://www.proactiveinvestors.co.uk/companies/news/158529/white-cliff-minerals-ltd-finds-four-mineralised-zones-in-second-aucu-drill-hole-69693.html White Cliff Minerals Ltd (ASX:WCN) has completed its second diamond drill hole at the emerging Aucu gold deposit in Kyrgyz Republic, central Asia.

The 224 metre deep hole was drilled below surface channel sampling that discovered 2 metres at 9 g/t gold as well as visible gold in quartz.

Four mineralised zones with substantial sulphides have been intersected with the drill core to be sent to the lab later this week for assaying.

Two drill rigs are currently drilling two new holes while assay results from the first hole, which intersected three mineralised zones, are expected within the next two weeks.

The 2016 exploration program is focussed on drilling out the eastern upper gold zone (UGZE) which has an exploration target of 1-2 million tonnes at 15-30 g/t for 500,000 to 1.2 million ounces of gold.


Drill hole details

The 224 metre deep hole encountered four mineralised zones at depths consistent with the high grade zones encountered in the adjacent hole drilled in 2015.

The four intersected mineralised zones were:

- 2.9 metres from 198.1 metres consisting of sheared granodiorite, 25% quartz veining, 45% disseminated pyrite;
- 1.9 metres from 203.0 metres consisting of sheared granodiorite, 5% quartz veining, 40% disseminated pyrite;
- 6.0 metres from 208.0 metres consisting of sheared sandstone, 30% quartz veining, 20% disseminated pyrite; and
- 2.7 metres from 217.0 metres consisting of sheared sandstone, 2% quartz veining, 60% semi-massive pyrite.

The core will be cut and sampled on site and delivered to the laboratory later this week.

Assay results are expected to be available in 4 weeks.


Aucu gold deposit

The 89% owned Aucu gold deposit is located in the Kyrgyz Republic, which is a democratic republic bordering Kazakhstan and western China.

The company announced a maiden inferred resource for the Aucu gold deposit above a cut-off grade of 1 g/t gold of 1.15 million tonnes grading 4.2 g/t gold for 156,000 ounces of contained gold.

In 2015, drilling identified exceptional gold mineralisation east of this resource in the UGZE over a strike length of at least 500 metres.

Results included 8 metres at 55.2 g/t gold and 4 metres at 59.9 g/t gold.

Overall metallurgical recovery of all mineralised zones discovered at Aucu is 99% with gravity recoverable gold averages of 88.6%.


2016 Drill Program

Two rigs are currently drilling the third and fourth holes of a 5,000 metre program.

Drilling is currently targeting the UGZE where the average grade of mineralisation intersected in the 2015 drill program was 45 g/t gold.

Drilling is focused on an 800 metre long section of the UGZE to a maximum vertical depth of 200 metres.

The exploration target for the UGZE in 2016 is 1-2 million tonnes at 15-30 g/t for 500,000 to 1.2 million ounces of gold.

This exploration target is based on the average grade of previous drill intersections completed in the UGZE in 2015.


Upcoming news

With drilling and laboratory assaying in progress, news is expected from Aucu regarding:

- Assay results from the first completed diamond hole;
- Assay results from channel sampling completed to date; and
- Preliminary results from two holes currently in progress.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 08 Jul 2016 10:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158529/white-cliff-minerals-ltd-finds-four-mineralised-zones-in-second-aucu-drill-hole-69693.html
<![CDATA[News - White Cliff Minerals Ltd extends gold mineralisation at Aucu Project ]]> https://www.proactiveinvestors.co.uk/companies/news/158528/white-cliff-minerals-ltd-extends-gold-mineralisation-at-aucu-project-69360.html White Cliff Minerals Ltd (ASX:WCN) has identified new gold mineralisation zones at the Aucu gold deposit in Kyrgyz Republic in Asia.

131 samples taken from zones exposed in the process of bulldozing roads have identified new mineralisation including 2 metres at 9 g/t gold, 1 metre at 12 g/t gold and 4 metres at 1.4% copper.

Three of the new mineralised zones identified represent a single mineralised lode intersected along 150 metres of strike.

The fourth mineralised zone represents a new structure which is rich in copper.

White Cliff recently completed their first diamond drill hole as part of the 2016 exploration program focussed on drilling out the eastern upper gold zone (UGZE) at Aucu.


Aucu gold deposit

The 89% owned Aucu gold deposit is located in the Kyrgyz Republic, which is a democratic republic bordering Kazakhstan and western China.

The company announced a maiden inferred resource for the Aucu gold deposit above a cut-off grade of 1 g/t gold of 1.15 million tonnes grading 4.2 g/t gold for 156,000 ounces of contained gold.

In 2015, drilling identified exceptional gold mineralisation east of this resource in the UGZE over a strike length of at least 500 metres.

Results included 8 metres at 55.2 g/t gold and 4 metres at 59.9 g/t gold.

Overall metallurgical recovery of all mineralised zones discovered at Aucu is 99% with gravity recoverable gold averages of 88.6%.


2016 Drill Program

The diamond drill rig is currently drilling the second hole of a 5,000 metre program.

 The company is assessing the viability of procuring a second rig to accelerate the drill program.

Drilling is currently targeting the UGZE where the average grade of mineralisation intersected in the 2015 drill program was 45 g/t gold.

Drilling is focused on an 800 metre long section of the UGZE to a maximum vertical depth of 200 metres.

The exploration target for the UGZE in 2016 is 1-2 million tonnes at 15-30 g/t for 500,000 to 1.2 million ounces of gold.

This exploration target is based on the average grade of previous drill intersections completed in the UGZE in 2015.


Analysis

The results of the channel sampling represent 131 samples of a total of 388 samples collected to date, meaning more assays are expected.

While the focus at Aucu is the drill program currently in progress, the discovery of new gold and copper zones by sampling bulldozer road cuttings is an added exploration bonus.

The discovery of a zone potentially mineralised with copper has the opportunity to add new value to the Aucu project.

Further access tracks are to be bulldozed and it is anticipated additional surface mineralised zones will be identified.

With drilling in motion and further samples at the lab, White Cliff is leveraged to continuous exploration news flow.

The first completed diamond drill hole encountered three mineralised zones and assays are expected within three weeks.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 22 Jun 2016 10:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158528/white-cliff-minerals-ltd-extends-gold-mineralisation-at-aucu-project-69360.html
<![CDATA[News - White Cliff Minerals Ltd to reveal diamond drilling assays from Aucu gold ]]> https://www.proactiveinvestors.co.uk/companies/news/158527/white-cliff-minerals-ltd-to-reveal-diamond-drilling-assays-from-aucu-gold-69220.html White Cliff Minerals Ltd (ASX:WCN) has identified three mineralised zones from its first completed diamond drill hole of 2016 at the Aucu gold deposit in the Kyrgyz Republic in Asia.

Assays from this first hole are expected in circa four weeks.

The 150 metre deep hole encountered the zones at depths consistent with high grade gold zones from an adjacent 2015 hole which intersected 3 metres at 41.4 g/t gold, 1 metre at 58 g/t gold and 6 metres at 3.2 g/t gold. 

The three mineralised zones measured 4 metres, 5 metres and 2.5 metres long and contained up to 30% sulphides.

Drilling of the second diamond hole has commenced, targeting the same mineralised zones.

The 2016 exploration program is focussed on drilling out the eastern upper gold zone (UGZE) which has an exploration target of 1-2 million tonnes at 15-30 g/t for 500,000 to 1.2 million ounces of gold.


Drill hole details

The first mineralised zone occurred at 62 metres depth and consists of 4 metres of quartz veining containing up to 20% sulphides within sheared sandstones on a contact with diorite.

The second mineralised zone occurred at 116 metres depth and consists of 5 metres of silicified sandstone with dispersed quartz veining and 5% sulphides including a 1 metre interval with 30% sulphides.

The third mineralised zones occurred at 122 metres depth and consists 2.5 metres of altered diorite with up to 30% sulphides.


Aucu gold deposit

The 89% owned Aucu gold deposit is located in the Kyrgyz Republic, which is a democratic republic bordering Kazakhstan and western China.

The company announced a maiden inferred resource for the Aucu gold deposit above a cut-off grade of 1 g/t gold of 1.15 million tonnes grading 4.2 g/t gold for 156,000 ounces of contained gold.

In 2015, drilling identified exceptional gold mineralisation east of this resource in the UGZE over a strike length of at least 500 metres.

Results included 8 metres at 55.2 g/t gold and 4 metres at 59.9 g/t gold.

Overall metallurgical recovery of all mineralised zones discovered at Aucu is 99% with gravity recoverable gold averages of 88.6%.

White Cliff recently discovered visible gold in new mineralised zones at Aucu while bulldozing access roads.


Recent exposure to lithium

White Cliff recently farmed out its Lake Percy project, prospective for lithium in Western Australia through a joint venture with Liontown Resources Ltd (ASX:LTR).

Historical exploration has defined large pegmatites of up to 550 metres thick at surface and 3 kilometres long.

Liontown may earn up to 70% in the project by spending A$1.75 million on exploration within four years.

The farm-out aligns with White Cliff's strategy of divesting non-core assets while retaining a free carried interest.


Analysis

The first diamond drill hole has encountered three mineralised zones suggesting the high grades found in the nearby 2015 drill hole may continue at depth.

The 100 metre deep 2015 hole, UGZ15-32a, encountered 6 metres at 3.2 g/t gold, 1 metre at 58 g/t gold and 3 metres at 41.4 g/t gold.

This diamond drilling program has the opportunity to establish the UGZE as a potentially economic mineralised zone.

Mineralisation at the UGZE outcrops at surface and remains open in both directions and at depth.

White Cliff will be looking to scale the Aucu gold deposit to over one million ounces of gold.

With drilling in motion, White Cliff is leveraged to continuous exploration news flow.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 15 Jun 2016 10:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158527/white-cliff-minerals-ltd-to-reveal-diamond-drilling-assays-from-aucu-gold-69220.html
<![CDATA[News - White Cliff Minerals Ltd to gain free carry in lithium project in WA ]]> https://www.proactiveinvestors.co.uk/companies/news/158526/white-cliff-minerals-ltd-to-gain-free-carry-in-lithium-project-in-wa-69204.html White Cliff Minerals Ltd (ASX:WCN) will farm out its Lake Percy project, prospective for lithium in Western Australia through a joint venture with Liontown Resources Ltd (ASX:LTR).

Historical exploration has defined large pegmatites of up to 550 metres thick at surface and 3 kilometres long.

Liontown may earn up to 70% in the project by spending A$1.75 million on exploration within four years.

The farm-out aligns with White Cliff's strategy of divesting non-core assets while retaining a free carried interest.

White Cliff will continue to focus on developing the high grade Aucu Gold deposit in Central Asia where current drilling is expected to define a substantial gold resource in 2016.


Acquisition terms

The Lake Percy project is located 430 kilometres east of Perth, Western Australia and Liontown may acquire up to 70% on the following terms:

- by spending A$1,000,000 on exploration within 3 years to earn 51% equity;
- at Liontown’s election, it can increase its equity to 70% by spending an additional A$750,000 before the fourth anniversary of the JV; and
- by committing to spending $50,000 on exploration before having the right to withdraw from the JV.


Lithium exploration program

Exploration work will commence immediately with a review of previous drill data and geochemical sampling to test for pathfinder elements such as tantalum and niobium.

Where possible, previous drill holes will be also be sampled to test for lithium in pegmatites that have already been intersected.

This work will be used to define targets for drill testing.


Analysis

By farming out the Lake Percy project, ensures that White Cliff retains an exposure to exploration success to a demand-driven commodity, lithium.

The farm-out also means White Cliff won't be required to invest cash into lithium exploration as this will be funded by JV partner, Liontown.

The Lake Percy project is located in the Lake Johnson Greenstone Belt, which hosts several lithium-bearing pegmatites.

The region's lithium potential has been highlighted by recently announced lithium exploration results from Kidman Resources Ltd (ASX:KDR), Poseidon Nickel Ltd (ASX:POS) and Marindi Metals Ltd (ASX:MZN).

Taking a look through White Cliff's portfolio, it may also look to extract value from other remaining non-core mineral assets.


Aucu Gold Deposit

The 89% owned Aucu gold deposit is located in the Kyrgyz Republic, which is a democratic republic bordering Kazakhstan and China.

The company announced a maiden inferred resource for the Aucu gold deposit above a cut-off grade of 1 g/t gold of 1.15 million tonnes grading 4.2 g/t gold for 156,000 ounces of contained gold.

In 2015, drilling identified exceptional gold mineralisation east of this resource in the eastern upper gold zone (UGZE) over a strike length of at least 500 metres.

Results included 8 metres at 55.2 g/t gold and 4 metres at 59.9 g/t gold.

Overall metallurgical recovery of all mineralised zones discovered at Aucu is 99% with gravity recoverable gold averages of 88.6%.


2016 exploration program

The 2016 exploration program is focussed on drilling out the UGZE along 800 metres of strike to 200 metres vertical depth.

The exploration target for the UGZE in 2016 is 1-2 million tonnes at 15-30 g/t for 500,000 to 1.2 million ounces of gold.

White Cliff recently discovered visible gold in new mineralised zones at Aucu while bulldozing access roads.

The company has also recently commenced diamond drilling, targeting a 45 g/t gold average grade area within the Aucu gold project in the Kyrgyz Republic.

White Cliff is targeting the UGZE, which has an upper end exploration target of 2 million tonnes grading 30 g/t for 1.2 million ounces of gold.

The first hole is targeting a mineralised zone 50 metres below a previous intersection grading 3 metres at 41.4 g/t gold and 1 metre at 58 g/t gold.

Assay results are expected within 4 weeks of completing each drill hole and pre-assay rock chip samples will be available within 2 weeks.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 14 Jun 2016 15:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158526/white-cliff-minerals-ltd-to-gain-free-carry-in-lithium-project-in-wa-69204.html
<![CDATA[News - White Cliff Minerals Ltd completes placement as gold drilling begins at Aucu ]]> https://www.proactiveinvestors.co.uk/companies/news/158525/white-cliff-minerals-ltd-completes-placement-as-gold-drilling-begins-at-aucu-68988.html White Cliff Minerals Ltd (ASX:WCN) has completed Tranche 2 of its $2,640,000 placement made to professional and sophisticated investors at $0.006 per share.

This week White Cliff commenced a diamond drilling program at the Aucu gold project in the Kyrgyz Republic, targeting a 45 g/t gold average grade area.

The company is targeting the eastern upper gold zone (UGZE), which has an exploration target of 1-2 million tonnes at 15-30g/t gold for 500,000 to 1.2 million ounces of gold.

The target is based on the average grade of previous drill intersections completed in the UGZE in 2015.

These previous holes covered 500 metres of strike and were drilled to a maximum depth of 150 metres, with the true widths of each mineralised lode between 1 and 4 metres.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 02 Jun 2016 11:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158525/white-cliff-minerals-ltd-completes-placement-as-gold-drilling-begins-at-aucu-68988.html
<![CDATA[News - White Cliff Minerals Ltd begins drilling high-grade gold zone at Aucu ]]> https://www.proactiveinvestors.co.uk/companies/news/158524/white-cliff-minerals-ltd-begins-drilling-high-grade-gold-zone-at-aucu-68936.html White Cliff Minerals Ltd (ASX:WCN) has commenced diamond drilling, targeting a 45 g/t gold average grade area within the Aucu gold project in the Kyrgyz Republic.

White Cliff is targeting the eastern upper gold zone (UGZE), which has an upper end exploration target of 2 million tonnes grading 30 g/t for 1.2 million ounces of gold.

The first hole is targeting a mineralised zone 50 metres below a previous intersection grading 3 metres at 41.4 g/t gold and 1 metre at 58 g/t gold.

Assay results are expected within 4 weeks of completing each drill hole and pre-assay rock chip samples will be available within 2 weeks.


Aucu gold deposit

The 89% owned Aucu gold deposit is located in the Kyrgyz Republic, which is a democratic republic bordering Kazakhstan and China.

The company announced a maiden inferred resource for the Aucu gold deposit above a cut-off grade of 1 g/t gold of 1.15 million tonnes grading 4.2 g/t gold for 156,000 ounces of contained gold.

In 2015, drilling identified exceptional gold mineralisation east of this resource in the UGZE over a strike length of at least 500 metres.

Results included 8 metres at 55.2 g/t gold and 4 metres at 59.9 g/t gold.

Overall metallurgical recovery of all mineralised zones discovered at Aucu is 99% with gravity recoverable gold averages of 88.6%.


New mineralised zones

White Cliff recently discovered visible gold in new mineralised zones at Aucu while bulldozing access roads.

The visible gold was panned from a 1 kilogram sample taken from the widest zone measuring 17 metres.

Additional mineralised zones are expected as the bulldozer continues to cut access tracks.


2016 exploration program

The 2016 exploration program is focussed on drilling out the UGZE along 800 metres of strike to 200 metres vertical depth.

The exploration target for the UGZE in 2016 is 1-2 million tonnes at 15-30 g/t for 500,000 to 1.2 million ounces of gold.


Analysis

The commencement of drilling marks the highly anticipated start of a campaign to scale the Aucu gold deposit to over one million ounces of gold.

With the 2016 exploration program formally approved and drilling expected to continue throughout the year, constant news flow is expected and WCN, a stock to watch.

Mineralisation at the UGZE outcrops at surface and remains open in both directions and at depth.

White Cliff is well capitalised to fund initial drilling having recently completed a $2.64 million to professional and sophisticated investors through Hartleys.

White Cliff is one of our top picks for 2016/17 given its current market cap of just $8.7 million and is leveraged to exploration news flow.

Rock chip results are expected within two weeks of completion of the first hole currently being drilled.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 31 May 2016 10:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158524/white-cliff-minerals-ltd-begins-drilling-high-grade-gold-zone-at-aucu-68936.html
<![CDATA[News - White Cliff Minerals Ltd finds visible gold in new mineralised zones at Aucu ]]> https://www.proactiveinvestors.co.uk/companies/news/158523/white-cliff-minerals-ltd-finds-visible-gold-in-new-mineralised-zones-at-aucu-68845.html White Cliff Minerals Ltd (ASX:WCN) has identified three new mineralised zones while bulldozing roads at the Aucu gold project in the Kyrgyz Republic.

Visible gold was panned from a 1 kilogram sample taken from the widest zone measuring 17 metres.

White Cliff has an upper end exploration target for the eastern upper gold zone (UGZE) of 2 million tonnes at 30 g/t for 1.2 million ounces of gold.

The diamond drill rig has arrived on site and will commence drilling within 7 days.

It will be initially targeting an area where the average grade intersected was 45 g/t gold in the 2015 drill program.

257 samples have been collected from the newly exposed mineralised zones and submitted for lab analysis.

Additional mineralised zones are expected as the bulldozer continues to cut access tracks along an 800 metre section of the mineralised system.


Aucu gold deposit

The 89% owned Aucu gold deposit is located in the Kyrgyz Republic, which is a democratic republic bordering Kazakhstan and China.

The company announced a maiden inferred resource for the Aucu gold deposit above a cut-off grade of 1 g/t gold of 1.15 million tonnes grading 4.2 g/t gold for 156,000 ounces of contained gold.

Aucu is situated in a mountainous area and is split into four major mineralised zones, designated by height, camp gold zone (lowest), south gold zone, lower gold zone and upper gold zone (highest).

In 2015, drilling identified exceptional gold mineralisation east of this resource in the UGZE over a strike length of at least 500 metres.

Results included 8 metres at 55.2 g/t gold and 4 metres at 59.9 g/t gold and the average grade of the gold intersections across the UGZE was 45 g/t gold.

Mineralisation at the UGZE outcrops at surface and remains open in both directions and at depth.

Overall metallurgical recovery of all mineralised zones discovered at Aucu is 99% with gravity recoverable gold averages of 88.6%.


Recent placement

During April, White Cliff raised $2.64 million in a placement of 440 million new shares at $0.006 per share to professional and sophisticated investors through Hartleys.

Capital raised in the oversubscribed placement is being used primarily to fund the exploration and further drilling of the Aucu gold prospect and for general working capital.


2016 exploration program

The 2016 exploration program is focussed on drilling out the UGZE along 800 metres of
strike to 200 metres vertical depth.

The exploration target for the UGZE in 2016 is 1-2 million tonnes at 15-30 g/t for 500,000 to 1.2 million ounces of gold.

The Kyrgyz State Agency for Geology and Mineral Resources has formally approved the 2016-2020 Aucu gold project exploration programs.

Bulldozing of access roads continues with diamond drilling to commence within 7 days.


Analysis

The identification of new gold zones from bulldozing roads shows just how exposed and wide the Aucu gold mineralisation is.

With the 2016 exploration program formally approved and drilling expected to continue throughout the year, constant news flow is expected.

The continued evidence of high grade zones of mineralisation at the Aucu gold deposit suggest that White Cliff is well positioned to scale this resource to over one million ounces of gold.

Metallurgical test work has revealed an average overall gold recovery of 99% and the deposit is hosted in sandstone which will make for low energy and capital milling.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 26 May 2016 11:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158523/white-cliff-minerals-ltd-finds-visible-gold-in-new-mineralised-zones-at-aucu-68845.html
<![CDATA[News - White Cliff Minerals Ltd receives first tranche of placement funding ]]> https://www.proactiveinvestors.co.uk/companies/news/158522/white-cliff-minerals-ltd-receives-first-tranche-of-placement-funding-68433.html White Cliff Minerals Ltd (ASX:WCN) has received the first tranche of the $2,640,000 placement that was oversubscribed to professional and sophisticated investors at $0.006 each.

The company has issued 271,877,765 ordinary fully paid shares for $1,631,267 of tranche 1 funds.

The placement was made with one free attaching option for every four shares held.

The second tranche of shares will be issued upon receipt of shareholder approval that will raise a further $1,008,733 to complete the planned drill program of the high grade eastern upper gold zone at the Aucu gold discovery in the Kyrgyz Republic.

The objective is to scale the current resource at Aucu during the 2016 field season, which based on previous and projected exploration success could deliver one million ounces of gold resource in 2016/17.

The deposit is open, both at depth and along its 3 kilometre strike.



Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

 

 

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Wed, 04 May 2016 16:15:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158522/white-cliff-minerals-ltd-receives-first-tranche-of-placement-funding-68433.html
<![CDATA[News - White Cliff Minerals Ltd to raise $2.64M in oversubscribed placement ]]> https://www.proactiveinvestors.co.uk/companies/news/158521/white-cliff-minerals-ltd-to-raise-264m-in-oversubscribed-placement-68297.html White Cliff Minerals Ltd (ASX:WCN) has raised $2.64 million in a placement of 440 million new shares at $0.006 per share to professional and sophisticated investors through Hartleys.

There will be one attaching unlisted option exercisable at $0.015 on or before 15 December 2016 for every four shares subscribed.

Capital raised in the oversubscribed placement will be used primarily to fund the exploration and further drilling of the Aucu gold prospect and for general working capital.

Aucu has exhibited significant surface expressions of visible gold along strike from the company’s existing gold resource of 156,000 ounces at 4.2 g/t of gold from surface.

White Cliff’s managing director, Todd Hibberd commented: “The strong demand from new and existing shareholders demonstrates the growing awareness of the high grade gold potential at the Aucu gold project.

Funds raised pursuant to the placement will provide White Cliff with the funding required to complete its planned drill program of the high grade eastern upper gold zone at the Aucu gold discovery in the Kyrgyz Republic.” 

“We remain very excited by the potential of the Aucu gold project, with the 2016 field season expected to deliver further significant drill results, demonstrating the exceptional scale potential of the project.”


Aucu gold deposit

The Aucu gold deposit is located in the Kyrgyz Republic, which is a democratic republic bordering Kazakhstan and China. 

The company announced a maiden inferred resource for the Aucu gold deposit above a cut-off grade of 1 g/t gold of 1.15 million tonnes grading 4.2 g/t gold for 156,000 ounces of contained gold.

In 2015, drilling identified exceptional gold mineralisation east of this resource in the eastern upper gold zone (UGZ) over a strike length of at least 500 metres.

Results included 8 metres at 55.2 g/t gold and 4 metres at 59.9 g/t gold.

The average grade of the gold intersections across the eastern UGZ is 45 g/t gold and there are several lodes.

In addition, mineralisation at the UGZ outcrops at surface and remains open in both directions and at depth.

Overall metallurgical recovery of all mineralised zones discovered at Aucu is 99% with gravity recoverable gold averages of 88.6%.


Analysis

The oversubscribed placement is a testament to the upside case that investors perceive in White Cliff's Aucu gold deposit.

Aucu has a total of four mineralised systems with gold outcropping allowing for low cost test work and advantageous economic feasibility.

White Cliff is well positioned to explore for high grade gold intercepts at a deposit open at both depth and along its 3 kilometre strike.

There is good potential for the company to scale Aucu to one million ounces in 2016/17.

Metallurgy has proven to be excellent and the deposit is hosted in sandstone which will make for low energy and capital milling.

Aucu has a clearly defined exploration schedule through to Q2, 2017 which will produce strong news flow and drill results.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 27 Apr 2016 12:10:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158521/white-cliff-minerals-ltd-to-raise-264m-in-oversubscribed-placement-68297.html
<![CDATA[News - White Cliff Minerals Ltd raising funds ahead of multi-million ounce gold quest ]]> https://www.proactiveinvestors.co.uk/companies/news/158520/white-cliff-minerals-ltd-raising-funds-ahead-of-multi-million-ounce-gold-quest-68234.html White Cliff Minerals Ltd (ASX:WCN) recently commenced field exploration targeting a 45 g/t gold zone at its 89% owned Aucu gold deposit in the Kyrgyz Republic.

The company has a maiden resource at Aucu of 1.15 million tonnes grading 4.2 g/t gold for 156,000 ounces of contained gold at a 1 g/t gold cut off.

There is a solid opportunity to build a multi-million ounce deposit from the existing JORC resource with the deposit open both at depth and along its 3 kilometre strike.

White Cliff is now heading to market with a capital raising.

The halt will remain in place until the opening of trade on Wednesday 27th April 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 22 Apr 2016 14:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158520/white-cliff-minerals-ltd-raising-funds-ahead-of-multi-million-ounce-gold-quest-68234.html
<![CDATA[News - White Cliff Minerals Ltd starts multi million ounce gold quest at Aucu ]]> https://www.proactiveinvestors.co.uk/companies/news/158519/white-cliff-minerals-ltd-starts-multi-million-ounce-gold-quest-at-aucu-68116.html White Cliff Minerals Ltd (ASX:WCN) has commenced field exploration targeting a 45 g/t gold zone at its 89% owned Aucu gold deposit in the Kyrgyz Republic.

The company has a maiden resource at Aucu of 1.15 million tonnes grading 4.2 g/t gold for 156,000 ounces of contained gold at a 1 g/t gold cut off.

A bulldozer is currently clearing the access road prior to the establishment of the field camp.

Diamond drilling will commence in mid-May once mapping of exposed gold lodes allow finalisation of drill hole positions.


Aucu

Aucu was discovered in 2014 and since then White Cliff have identified a deposit with high grade gold outcropping at surface and recoveries of 99% from 182 samples.

Aucu is situated in a mountainous area and is split into four major mineralised zones, designated by height, camp gold zone (lowest), south gold zone, lower gold zone and upper gold zone (highest).

The 2016 exploration program is focussed on drilling out an 800 metre long section of the eastern upper gold zone to a maximum vertical depth of 200 metres.

The entire 2016 drilling campaign is set to run from May through to December and will consist of 4000 metres of reverse circulation drilling and 4000 metres of diamond drilling.

Drilling will initially be conducted in 100 metre spaced sections followed by 50 metre infill sections designed to generate an indicated and inferred JORC compliant gold resource.

The exploration target 2 for the upper gold zone in 2016 is 1-2 million tonnes at 15-30 g/t for 500,000 to 1.2 million ounces of gold.

This exploration target is based on the average grade of previous drill intersections completed in the upper gold zone in 2015.

Roads will be cut to expose the mineralised structures across the upper gold zone eastern extension where the average grade of mineralisation intersected in the 2015 drill program was 45 g/t gold.


Kyrgyz Republic

Kyrgyz Republic is a democratic republic bordering Kazakhstan and China.

The country has a government supportive of mining with three new large scale mines opened in 2014 and 2015.

It also has a favourable tax regime with a revenue based royalty of 3%, sales tax of 2% and region tax of 2%.


Analysis

Aucu has four mineralised systems with gold outcropping allowing for low cost test work and advantageous economic feasibility.

White Cliff is well positioned to explore for high grade gold intercepts at a deposit that is likely to scale to one million ounces in 2016/17.

There is a solid opportunity to build a multi-million ounce deposit from the existing JORC resource with the deposit open both at depth and along its 3 kilometre strike.

Previous preliminary metallurgy has suggested 99% overall recoveries and the deposit is hosted in sandstone which will make for low energy and capital milling.

Aucu has a clearly defined exploration schedule through to Q2, 2017 which will produce strong news flow and drill results in an undemanding current market valuation for White Cliff of just $7.5 million.

White Cliff is one of our top picks for 2016/17.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 18 Apr 2016 09:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158519/white-cliff-minerals-ltd-starts-multi-million-ounce-gold-quest-at-aucu-68116.html
<![CDATA[News - White Cliff Minerals Ltd looks to expand Aucu Gold to 1M ounces ]]> https://www.proactiveinvestors.co.uk/companies/news/158518/white-cliff-minerals-ltd-looks-to-expand-aucu-gold-to-1m-ounces-67762.html White Cliff Minerals Ltd (ASX:WCN) will be on the ground at the promising Aucu Gold project in April, exploring the upper gold zone eastern extension which prompted investor excitement hitting average grades of 45g/t gold in 2015.

Aspirations at Aucu are high for White Cliff's managing director, Todd Hibberd, targeting 1 million ounces of gold in 2016, and multi-million ounces in the medium term, from the 89% owned deposit.

Aucu is located in the Kyrgyz Republic, which is open for business.

The high grade deposit outcrops at surface and visible (free) gold was discovered in 2015.

Providing the upside case, Aucu is open along strike for over 3 kilometres and is open at depth of greater than 100 metres to more than 1,000 metres.

The 2016 program follows approvals received from the Kyrgyz State Agency for Geology and Mining for the 2016 exploration season and earlier five year licence extension to the Aucu exploration license.

In the lead up to drilling, access roads will be opened to expose mineralised structures across the upper gold zone eastern extension where the high grade gold was discovered.

White Cliff will look to build on its 2014 gold discovery in the highly mineralised Tien Shen belt and increase the resource base in 2016 from 156,000 ounces at 4.2 g/t gold following a series of high grade intersections from drilling in 2015.

Metallurgical test work has seen a 99% overall recovery and a 88.6% gravity recoverable gold from work done to date on the ore.

Initial indications are that the ore will be free milling, have high gold liberation with low capital and energy costs.


Kyrgyz Republic open for business

With strong government support for new mining projects and the prime minister of Kyrgyz Republic opening mines this has improved the mining law, providing secure licence tenure.

This has seen a sharp lift in mining activity with three new mines opened in 2014-2015 alone.

These were the Ishtamberdy mine owned by LinBao Gold with 120,000 ounces of production, the Bozmychak mine of KAZ Minerals with 100,000 ounces of production and Taldybulak L. owned by Zinjin Gold with 120,000 ounces of production.

This is capped off by a favourable tax regime that is revenue based.

There is also established infrastructure with good access roads and close to regional mining hubs.

So 2016 promises to be a year of inflexion for White Cliff at Aucu, which undoubtedly has multi-million ounce high grade deposit potential with a big drill program set for Q2 2016.



Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 30 Mar 2016 09:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158518/white-cliff-minerals-ltd-looks-to-expand-aucu-gold-to-1m-ounces-67762.html
<![CDATA[News - White Cliff Minerals Ltd has surprising nickel find at Merolia in WA ]]> https://www.proactiveinvestors.co.uk/companies/news/158517/white-cliff-minerals-ltd-has-surprising-nickel-find-at-merolia-in-wa-67729.html White Cliff Minerals Ltd (ASX:WCN) has added a good grade nickel find to its promising Aucu gold discovery in the Kyrgyz Republic and gold nuggets found recently at the 100% owned Merolia Nickel and Gold project in Western Australia.

Drilling at the Coglia prospect recorded an intersection of 4 metres at 3% nickel within 12 metres at 2.2% nickel from 80 metres depth.

Which may have a come as a surprise as managing director, Todd Hibberd, commented: “The 2% and 3% nickel intervals were very surprising given that the holes either side only contained 1% nickel.

"While it is impossible to determine the original source of the nickel (i.e. sulphide or silicate) in the regolith, the underlying platinum and palladium values are diagnostic of a sulphide phase in the ultramafic unit.

"This means there is the possibility of a nickel sulphide accumulation somewhere in the Coglia ultramafic unit and that makes these results very exciting.”

Interestingly, high platinum and palladium levels that were recorded in fresh ultramafic provide evidence that the Coglia ultramafic is prospective for nickel sulphide mineralisation.

These results included: 30 metres at 240ppb platinum and palladium (Pt+Pd) from 224 metres, 16 metres at 87 ppb Pt+Pd from 184 metres and 12 metres at 150 ppb Pt+Pd from 144 metres.


Coglia drill results

MERC004 was drilled to 250 metres depth and tested a strong nickel-copper-platinum-palladium geochemical anomaly within the Coglia ultramafic intrusion.

The drilling encountered a strongly enriched ultramafic regolith profile containing 12 metres at 2.18% nickel including 4 metres at 3% nickel, as well as substantial zones of anomalous platinum and palladium considered diagnostic of the presence of a sulphide phase.

A second drill hole MERC005, was drilled at the southern end of the Coglia ultramafic unit and targeted the hanging wall contact where an electromagnetic fixed loop geophysical survey identified a strong conductor.

The drilling also intersected extensive sequences of fertile ultramafic rocks including zones with high background platinum and palladium, which White Cliff believes to be exceptionally prospective for nickel sulphide accumulations.

The Coglia ultramafic is 7 kilometres long and 1500 metres wide and consists of fractionated series of ultramafic intrusive units.

There are potentially several prospective horizons and further petrological and compositional studies are required to determine the best exploration approach.

The company will engage specialist consultants to assist with this work.

While at McKenna ultramafic sequences were intersected with background nickel contents of 0.15% nickel but will not be followed up with drilling.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 29 Mar 2016 09:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158517/white-cliff-minerals-ltd-has-surprising-nickel-find-at-merolia-in-wa-67729.html
<![CDATA[News - White Cliff Minerals Ltd reveals gold nuggets discovered at Ironstone ]]> https://www.proactiveinvestors.co.uk/companies/news/158516/-white-cliff-minerals-ltd-reveals-gold-nuggets-discovered-at-ironstone-67457.html White Cliff Minerals Ltd (ASX:WCN) has reported that prospectors have found gold nuggets at surface at the Ironstone Gold prospect within the Merolia Nickel and Gold project in Western Australia.

These were found using a metal detector over a 3 kilometre long trend that coincides with a major regional fault structure.

The largest nugget found weighed 20 grams.

The nuggets were located by prospectors operating under a formal tribute agreement with the company.

Recent prospecting by the tribute group has identified visible gold from a 2 metre deep pit occurring adjacent to a quartz vein where 4 ounces of gold has been recovered.

Along the 3 kilometre trend, a total 40 ounces of gold has been recovered with the largest nugget weighing 20 grams.

Todd Hibberd, managing director, said today the discovery of so many nuggets concentrated along an identifiable regional fault is very exciting and highlights the exceptional potential of the Comet Well trend and the Ironstone Gold prospect in general."


Work by White Cliff

Evaluation of the regional magnetic data by White Cliff over Ironstone gold project has identified several NW-SE trending shear systems that have the potential to host substantial gold mineralisation.

The Comet Well trend and associated regional structures extend at least 30 kilometres north to A1 Minerals Bright Star deposit.

There has only been limited historical exploration at the prospect.

With the discovery of significant numbers of gold nuggets along this trend, the company planning an exhaustive close spaced soil program to identify areas that may host significant gold mineralisation.

The soil sampling program will be carried out in conjunction with the soils program planned for the Ironstone Gold prospect and will commence in early April.


Analysis

Merolia is not the flagship for WCN; the Aucu Gold Deposit Project in the Kyrgyz Republic has that mantle.

However, the nuggets discovered by prospectors at Ironstone - point to the prospectivity of Merolia in Western Australia.

It ups the ante in terms of value added for WCN and the value of its gold assets in the portfolio.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 11 Mar 2016 09:10:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/158516/-white-cliff-minerals-ltd-reveals-gold-nuggets-discovered-at-ironstone-67457.html
<![CDATA[News - White Cliff Minerals hits high grade gold at Ironstone, Western Australia ]]> https://www.proactiveinvestors.co.uk/companies/news/158515/white-cliff-minerals-hits-high-grade-gold-at-ironstone-western-australia-67238.html White Cliff Minerals (ASX:WCN) has found high grade gold at 5.5 g/t from drilling at its Merolia Nickel and Gold project in Western Australia.

The results from five holes tested for gold at the Ironstone prospect and best assay results included:

- 12 metres at 1.85 g/t gold from 116 metres;
- 4.5 metres at 5.5 g/t gold including 0.28 metres at 24 g/t gold from 119 metres; and
- 1 metre at 4.2 g/t gold from 175 metres.

A total of 910 metres of drilling was completed testing three main targets.

The drilling in 2015 was following up historical drilling which returned an 8 metre at 24 g/t gold intercept consisting of sheared basalts and quartz veining. While adjacent holes encountered significant mineralisation including: 4 metres at 5 g/t and 4 metres at 2 g/t gold.

It was thought that historical drilling targeted the mineralisation too far to the east, missing the main prospective zone which is completely untested for at least 500 metres.

The new exploration model indicates that the mineralisation is plunging to the south-east and trending parallel with the regional shear zone and may represent a series of tensional quartz veins.

Todd Hibberd, managing director and geologist, commented: “The assay results confirm our view that the Ironstone gold project is very prospective for economic accumulations of gold.

"The structural complexity provides multiple locations for the deposition of gold and hence we will commence a close spaced soil sampling to identify the best drilling locations prior to commencing further drilling.”


Analysis

The drilling has successfully confirmed that significant gold mineralisation is present within the widespread structural alteration system at Ironstone.

The drill results should buoy WCN shares this morning.

Close spaced soil sampling will find the best locations for further drilling at the project.

While the Chanach gold and copper project with two JORC mineral resources; the Aucu high grade gold resource and the Chanach copper oxide resource is a priority, the opening drill results from Merolia in Western Australia provide significant encouragement for ongoing exploration.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 29 Feb 2016 09:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/158515/white-cliff-minerals-hits-high-grade-gold-at-ironstone-western-australia-67238.html
<![CDATA[News - White Cliff Minerals to fast track Aucu drilling after high gold recoveries ]]> https://www.proactiveinvestors.co.uk/companies/news/158514/white-cliff-minerals-to-fast-track-aucu-drilling-after-high-gold-recoveries-67081.html White Cliff Minerals (ASX:WCN) continues the evolution of its  Aucu gold discovery into perhaps one of the major new global deposits with confirmation that test work on drill samples have gold recoveries of 99% and high gravity gold averages of 89%.

The Aucu gold project is located in the western part of the Tien Shan Belt in the Kyrgyz Republic.

The work was based on the current JORC resource which metallurgical test work performed on the samples transported to Bureau Veritas Minerals Laboratory in Perth shows a standard processing route for the project.

The average grade of the metallurgical composites for the JORC resource is 7.38 g/t gold.

The gold ounces defined at Aucu will increase in 2016 as White Cliff's managing director, Todd Hibberd, looks to deliver a significant resource capable of being mined as a low cost open pit operation.

Current resource is 1.2 million tonnes at 4.2g/t for 156,000 ounces of gold.

So White Cliff will now fast track a diamond and reverse circulation drilling of the high grade and laterally extensive Upper Gold Zone with the objective of defining a major resource by the end of 2016.

Investors may recall that in 2015 exploration demonstrated that visible gold can literally be panned from outcrop and there are multiple mineralised shear zones that extend for kilometres.

Average gold intersections from 2015 drilling were greater than 30 g/t gold over a 400 metres strike length and all intersections were shallower than 100 metres depth.

The resource is hence open along strike and at depth.

The large exploration area is still 90% undrilled and the size of the various operating mines within a 50 kilometres radius, including Charaat Gold’s (AIM:CGH) 6-million-ounce Charaat mine and Fortune LLC’s 5-million-ounce Ishtamberdy mine provides the case for optimism of a major deposit in the making.

The project also benefits from a government supportive of developing new mines, good infrastructure and cheap power cost of U.S. 2 cents/Kwh and many local operating mines.


Analysis

The 2016 drill program will be fascinating to watch at it unfolds with so many targets as White Cliff focuses on the high grade zone than can be mined as a low cost open pit operation.

White Cliff remains one of our top gold picks for 2016.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 18 Feb 2016 09:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/158514/white-cliff-minerals-to-fast-track-aucu-drilling-after-high-gold-recoveries-67081.html
<![CDATA[News - White Cliff Minerals turns up drill heat at Merolia Gold and Nickel ]]> https://www.proactiveinvestors.co.uk/companies/news/158513/white-cliff-minerals-turns-up-drill-heat-at-merolia-gold-and-nickel-66842.html White Cliff Minerals (ASX:WCN) has drilled five holes at the Ironstone Gold prospect in Western Australia which intersected zones of quartz veining and shearing as exploration at its Australian projects heats up.

Five holes for 910 metres of drilling were completed at Ironstone with drill samples sent to a laboratory in Perth.

Results are expected in mid February.

The Ironstone Gold prospect contains sparsely defined mineralised shear zones where historical drilling registered significant hits including 8 metres grading 24 g/t gold consisting of sheared basalts and quartz veining.

Adjacent holes also encountered significant mineralisation including 4 metres at 5 g/t and 4m at 2 g/t gold.


Drilling ahead at McKenna Nickel prospect

Drilling has commenced at the McKenna Nickel prospect where three holes will test strong EM conductors coincident with the basal contact of ultramafic units and on the basal contact of the Diorite Hill layered mafic intrusion.

About 800 metres of RC drilling will be conducted targeting three compelling massive nickel sulphide targets that have been identified by consultants Newexco based on a moving-loop electromagnetic (MLEM) survey completed at the McKenna and Coglia nickel prospects East of Laverton.

Of significant interest, the position of the McKenna bedrock conductors and geological setting is "strikingly similar to the setting at the Nova-Bollinger nickel-copper deposit."

Hence the exploration has progressed targets for concentration of massive nickel sulphides.

The McKenna drilling will be partially offset by a $150,000 grant from the Western Australian government to drill several nickel sulphide targets at the Company’s Merolia project.


Coglia Nickel

One hole for 250 metres of drilling has been completed at the Coglia nickel prospect. The hole tested below a strong nickel-copper-platinum-palladium anomaly in shallow historical drilling. Trace sulphides were identified in the fresh ultramafic unit.

Samples will be sent to a laboratory for assaying.

A second hole at Coglia is planned to test a strong EM conductor.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

 

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Wed, 03 Feb 2016 13:15:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/158513/white-cliff-minerals-turns-up-drill-heat-at-merolia-gold-and-nickel-66842.html
<![CDATA[News - White Cliff Minerals reinforces claim over a potential gold giant ]]> https://www.proactiveinvestors.co.uk/companies/news/158512/white-cliff-minerals-reinforces-claim-over-a-potential-gold-giant-66728.html On the heels of some encouraging drilling hits, White Cliff Minerals (ASX:WCN) has extended its exploration rights at the Aucu gold project in the Kyrgyz Republic, adding time to follow-up plans at a high-grade zone along strike from a 1.2 million tonne resource at 4.2g/t gold.

The Aucu exploration license has been extended for five years to December 2020 as the company continues metallurgical testwork and seeks local government approvals to further prove up mineralisation on the property.

Average gold intersections were greater than 30 g/t over a 400 metres strike length and all intersections were shallower than 100 metres depth. In addition mineralisation is outcropping at surface.

Due to the exceptionally high gold grade of the 2015 assay results, all mineralised samples from the 2014 and 2015 drilling programs have been transported to Perth for detailed metallurgical test work to establish the amount of both gravity recoverable gold and leachable gold.

Metallurgical results for the 2014 samples are expected in late January and the 2015 sample results are expected mid-February.

Recent drilling highlights at Aucu have included 9 metres at 6.83 g/t gold from 29 metres, 3 metres at 4.33 g/t gold from 3 metres and 3 metres at 6.97 g/t gold from 45 metres.

Other recent hits have marked 3 metres at 3.86 g/t gold from 84 metres, 3 metres at 5.34 g/t gold from 26 metres and 2 metres at 3 g/t gold from 7 metres.

This work has expanded on earlier drilling at the site which consistently delivered extremely high-grade results such as 4 metres at 59.9 g/t gold from 66 metres, including 1 metre at 189 g/t gold.

Other notable assays have returned 2 metres at 43.5 g/t gold from 86 metres, 1 metre at 103.4 g/t gold from 74 metres and 3 metres at 41.4 g/t gold, including 1 metre at 71 g/t gold.

A targeting model based on integrating maps and magnetic data is expected to be completed next month in preparation for this year's drilling campaign. 


Analysis

The extension of Aucu license for another five years allows White Cliff to confidently advance the gold deposit, potentially through to development as a multi-million ounce operation.

The structural modelling currently underway will provide a deeper understanding of the mineralised zones allowing more effective deployment of resources while ongoing metallurgical testing confirms the level of gravity recoverable gold and helps guide development of preliminary process parameters.

This progress overall will drive White Cliff toward establishing a highly anticipated economic assessment of the deposit.

Immediate price catalysts related to this momentum can be found in the metallurgical testwork samples for which results are expected both later this month and in mid-February.

The potential to establish a multi-million-ounce resource in this large exploration area (which remains 90% undrilled) is illustrated by the size of the various operating mines within 50 kilometres of the site, including Charaat Gold’s (AIM:CGH) 6-million-ounce Charaat mine and Fortune LLC’s 5-million-ounce Ishtamberdy mine.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 27 Jan 2016 13:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/158512/white-cliff-minerals-reinforces-claim-over-a-potential-gold-giant-66728.html
<![CDATA[News - White Cliff Minerals drills nickel-gold targets at Merolia ]]> https://www.proactiveinvestors.co.uk/companies/news/158511/white-cliff-minerals-drills-nickel-gold-targets-at-merolia-66662.html White Cliff Minerals (ASX:WCN) has demonstrated the depth of its portfolio and poised itself for near-term newsflow with the start of drilling at its Merolia nickel-gold project in Western Australia.

The company which has recently focused in exploration activities on the Kyrgyz Republic is highlighting its geographical diversification by testing of a number of strong Laverton-area targets including the historically high-grade Ironstone prospect.

Ironstone contains sparsely defined mineralised shear zones where historical drilling encountered 8 metres at 24 g/t gold consisting of sheared basalts and quartz veining.

Adjacent holes also encountered significant mineralisation including 4 metres at 5 g/t gold and 4 metres at 2 g/t gold.

About 1000 metres of drilling will target the historical high grade gold mineralisation encountered within fractured basalt unit adjacent to a regional shear zone.

This action represents a substantial portion of a 2,100-metre campaign unfolding at the broader Merolia project, where nickel sulphide targets are also being followed up.

At the McKenna prospect, about 800 metres of drilling will be conducted on three compelling massive nickel sulphide targets identified by a moving-loop electromagnetic survey.

The position of the McKenna bedrock conductors and geological setting is strikingly similar to the setting at the Nova-Bollinger nickel-copper deposit.

The margins of a layered mafic intrusion and the feeder conduit are considered highly favourable positions for the concentration of massive nickel sulphides.

The conductors are also associated with the margins of highly magnetic units and are coincident with very strong nickel-copper soil anomalies where the conductor is projected to surface.

Work at Merolia's Coglia nickel sulphide prospect will include about 500 metres of drilling to test a previously identified conductor and a strong nickel-copper-platinum-palladium geochemical anomaly.


Analysis

The start of drilling for nickel and gold at Merolia is an encouraging demonstration of White Cliff’s commitment to developing its portfolio on multiple fronts.

With the bulk of the company’s activities in recent months focused on the Aucu gold project in Central Asia, this pivot of attention to a highly  prospective property in WA signals an ambitious overall strategy of diversification.

The quality of the targets at Merolia is also encouraging, with Ironstone already delivering high gold grades and the nickel sulphide prospects bearing similarities to the massive Nova deposit.

The cost of the McKenna drilling will be partially offset by a $150,000 grant from the WA government as part of the Royalties for Regions Exploration Incentive Scheme.

The Mines Department will fund 50% of the total direct drilling costs up to a maximum of $150,000.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 21 Jan 2016 09:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/158511/white-cliff-minerals-drills-nickel-gold-targets-at-merolia-66662.html
<![CDATA[News - White Cliff Minerals discovers new gold zones at Aucu ]]> https://www.proactiveinvestors.co.uk/companies/news/158510/white-cliff-minerals-discovers-new-gold-zones-at-aucu-66334.html White Cliff Minerals (ASX:WCN) has revealed the final assays from 2015's reverse drilling program at Aucu Gold Project (89% WCN) in the Kyrgyz Republic, and they continue to impress.

The Tien Shan gold province hosts some of the largest deposits in the world.

Aucu is similar to the 20 million ounce Kumtor deposit, high grade, visible gold, high gold recovery, virtually no refractory minerals and hosted in a sandstone that is easy to mine and low cost to process.

With only 10% of the tenement area explored and already four major mineralised shear zones discovered, all containing visible gold at surface and over an elevation range of 600 metres, the potential for a “multi-million ounce” deposit grows.

Todd Hibberd, managing director, commented: “We are very pleased with the final batch of assay results for the Aucu gold project.

"Drilling has confirmed that high grade gold mineralisation is widespread and occurs in all the four major structural zones identified to date.

"In some zones the gold grades are exceptional with wide intersections at +1 Oz/tonne gold”.


Highlights include:

New Camp Gold Zone (CGZ): 9 metres at 6.83 g/t gold from 29 metres.

New Eastern Gold Zone (EGZ): 3 metres at 4.33 g/t gold from 3 metres; 3 metres at 6.97 g/t gold from 45 metres; and 3 metres at 3.86 g/t gold from 84 metres.
Upper Gold Zone (UGZ): 3 metres at 5.34 g/t gold from 26 metres; 1 metre at 9.82 g/t gold from 108 metres; 2 metres at 3 g/t gold from 7 metres; and 1 metre at 3.86 g/t gold from 147 metres.

Hibberd added: “The 2015 drill program was designed to demonstrate that high grade gold mineralisation occurs over extensive distances in the major structures and to confirm economic mineralisation in newly discovered structures.

"We believe the drilling has been exceptionally successful."


Next steps

A major resource definition drilling program will be planned for 2016 with the objective to define a major gold resource at surface and within open pit design parameters.

Also, metallurgical test work is currently being undertaken.

The work will focus on confirming the level of gravity recoverable gold, cyanide extractible gold and to guide development of preliminary process parameters.

This information will assist in the economic assessment of the deposit.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 23 Dec 2015 10:10:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/158510/white-cliff-minerals-discovers-new-gold-zones-at-aucu-66334.html
<![CDATA[News - White Cliff Minerals continues gold grade bonanza at Aucu ]]> https://www.proactiveinvestors.co.uk/companies/news/158509/white-cliff-minerals-continues-gold-grade-bonanza-at-aucu--66016.html White Cliff Minerals (ASX:WCN) continues to deliver bonanza gold grades from drilling at Aucu with a stunning 8 metres at 55.2 g/t gold intercept that was returned from just 76 metres depth from the Upper Gold Zone. 

Just when you thought it could not get any better, it did - a 1 metre at 89.9 g/t gold interval. This is the fourth hole that has produced over 1 ounce per tonne gold results from this program at Aucu.

The upper gold zone outcrops at surface and contains visible gold.

With the results for another 8 reverse circulation drill holes still to come, the bonanza grades could very well continue.

Even more telling, drilling has only tested to 100 metres depth, the structure could be mineralised to 500-800 metres deep.

With today's results, it extends the high grade upper gold zone to over 1.3 kilometres along strike which is still open in both directions. 

There is still 1,800 metres for White Cliff to drill test.

Previous results included 4 metres at 59.9 g/t gold from 66 metres, including 1 metre at 189 g/t gold and 2 metres at 43.5 g/t gold from 86 metres.

Clearly, the previously reported gold resource for Aucu of 156,000 ounces at 4.2 g/t gold is set to increase, significantly.


Analysis

With today's results and extension of the high grade upper gold zone to over 1.3 kilometres along strike which is still open in both directions plus the exposed gold visible at surface and the greater Aucu gold system could be over 3 kilometres - adds credence to the hypothesis that Aucu is a multi-million ounce deposit in the making.

Further assays are due from the remaining 8 holes for this current reverse circulation program at Aucu.

Drilling has only tested to 100 metres depth, the structure could be mineralised to 500-800 metres deep.

First step is to achieve a 1 million ounce resource base next year and build from there.

However, it is not just about Aucu. White Cliff is to commence drilling at the highly regarded Merolia Nickel Project in early January 2016 in Western Australia where there are 5 handily high impact drill targets with a similar geological setting to the Nova Bollinger discovery made by Sirius ready to be drilled.

Assays from that nickel drilling should be known in February.

Gold drilling will also commence at White Cliff's Ironstone project in Western Australia in February. 

By which time, planning for targets for the 2016 drill program at Aucu will be well underway.

So while Aucu is the crowd stopper, don't discount the upcoming nickel and gold exploration in Western Australia. 

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 07 Dec 2015 10:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/158509/white-cliff-minerals-continues-gold-grade-bonanza-at-aucu--66016.html
<![CDATA[News - White Cliff Minerals discovers massive gold grades at Aucu ]]> https://www.proactiveinvestors.co.uk/companies/news/158508/white-cliff-minerals-discovers-massive-gold-grades-at-aucu-65906.html White Cliff Minerals (ASX:WCN) has found exceptionally high grades of gold up to 189 g/t gold from drilling at shallow depths at its Aucu deposit in the northwest Kyrgyz Republic in central Asia.

Reverse circulation drilling delivered the wow factor with results of:

- 4 metres at 59.9 g/t gold from 66 metres, including 1 metre at 189 g/t gold;

- 2 metres at 43.5 g/t gold from 86 metres; and

- 1 metre at 103.4 g/t gold from 74 metres.

These intersections extend the upper gold zone (UGZ) a further 550 metres along strike to the east. 

Tellingly, high grade gold mineralisation has now been found over the entire 900 metres of strike of the upper gold zone (UGZ) and which remains open at depth and along strike. 

There could be more excitement to come as the results from a further ten drill holes are still waiting assaying.

Today's results follow bumper gold discovered in November from drilling 120 metres along strike that included 3 metres at 41.4 g/t gold including 1 metre at 71 g/t gold, 1 metre at 58 g/t gold and 6 metres at 3.2 g/t gold.

The upper gold zone results that extended the zone have now returned gold averages way in excess of most deposits in Australia.

Boding well for follow up drilling being planned is that the results highlights there are several parallel high grade gold lodes within the UGZ. 

It is these lodes have been offset by fault movements which are currently being modelled to refine the 2016 drilling plan.  

Todd Hibberd, managing director, commented:

“The results speak for themselves. High grade gold results greater than one ounce per tonne (31 g/t) have been identified over the entire 900 metres of strike of the upper gold zone which remains open at depth and along strike. 

"High grade mineralisation starts at surface and has been identified repeatedly in trench and bull dozer cuts.

"The company is awaiting assay results for a further ten holes and more results are expected shortly”.


Eastern gold zone

Results were also received for two holes drilled to test structures at the Eastern Gold Zone (EGZ).

Drilling intersected 1 metre at 5.2 g/t gold from 2 metres and 1 metre at 1.8 g/t gold from 97 metres and several intervals of <0.5 g/t gold.


Analysis

Today's results again lift the potential size and scale of Aucu.

Grades of over one ounce per tonne have now been found over the entire 900 metres of the upper gold zone which is still open at depth and along strike.

Additional assays from a further 10 holes are expected shortly heightening anticipation.

We said in November, "In fact, given results to date, and areas along strike and at depth yet to be drilled, this has all the hallmarks of a monster resource in the making."

Aucu is surrounded by very large gold discoveries including Ishtamberdy (5Moz), Kuru-Tegerek (3Moz), Chaarat (6Moz), Kalmakyr (93Moz) and Kumtor (20Moz) in the Kyrgz Republic. 

Based on similarities at respective early stages of exploration, there is no reason to believe that Aucu could as big as Chaarat and even up there with Kumtor.

With this time will tell.

Certainly, with these results White Cliff would be the envy of many an Australian listed explorer.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 01 Dec 2015 08:20:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/158508/white-cliff-minerals-discovers-massive-gold-grades-at-aucu-65906.html
<![CDATA[News - White Cliff Minerals readies to reveal drill assays ]]> https://www.proactiveinvestors.co.uk/companies/news/158507/white-cliff-minerals-readies-to-reveal-drill-assays-65854.html White Cliff Minerals (ASX:WCN) has some potential very interesting news to come early next week in the form of drill assays.

Today the ASX has granted the company a trading halt to prepare an announcement.

The halt will remain in place until the opening of trade on Tuesday 1st December 2015, or earlier if an announcement is made to the market.

No further details have yet been released, but the company has recently made some impressive gold intersections from the first four holes of a reverse circulation program at its Aucu gold project in the Kyrgyz Republic.

Highlights from mid-November: 6 metres at 38.4 g/t gold, including one metre at 95.5 g/t gold and; 1 metre at 10.3 g/t gold.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 27 Nov 2015 15:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/158507/white-cliff-minerals-readies-to-reveal-drill-assays-65854.html
<![CDATA[News - White Cliff spikes on bonanza gold drill results at Aucu ]]> https://www.proactiveinvestors.co.uk/companies/news/158506/white-cliff-spikes-on-bonanza-gold-drill-results-at-aucu-65644.html White Cliff Minerals (ASX:WCN) has intersected some impressive gold intersections from the first four holes of a reverse circulation program at the company's Aucu gold project in the Kyrgyz Republic.

Drilling along strike from the Lower Gold Zone delivered:

- 6 metres at 38.4 g/t gold, including one metre at 95.5 g/t gold and; 1 metre at 10.3 g/t gold.

Highlights encountered 550 metres along strike from Upper Gold Zone:

- 3 metres at 41.4 g/t gold, including 1 metre at 71 g/t gold; 1 metre at 58 g/t gold; and 6 metres at 3.2 g/t gold.

Todd Hibberd, managing director, commented:

“The company is very pleased that drilling continues to demonstrate that the deposit has extensive high grade gold intersections and that the mineralisation extends along strike while remaining open in both directions and at depth.

“The initial results are exceptional and further results will be available shortly.

"Given the exceptionally high grade and free gold encountered in these initial samples duplicate testing has been undertaken to confirm the results.

"High levels of gravity recoverable gold are fantastic for mining but challenging for the assay laboratory. It is a great problem to have.”

Aucu gold resource is currently 156,000 ounces at 4.2g/t gold.

A number of operating mines are within 50 kilometres of Aucu, including Charaat Gold’s (AIM:CGH) 6-million-ounce Charaat mine and Fortune LLC’s 5-million-ounce Ishtamberdy mine.


Analysis

Today's exceptional drilling results confirm that high grade mineralisation extends along strike while remaining open in both directions and at depth.

Initial assay results for this 2015 drill program have boosted the size and grade of Aucu, with the potential scale of the project growing in significance. In fact, given results to date, and areas along strike and at depth yet to be drilled, this has all the hallmarks of a monster resource in the making.

Assays are still pending for 10 holes and the final 4 holes have been dispatched to the laboratory.

The drilling program has now been wrapped up for the season due to heavy snow.

Work doesn't stop there as White Cliff is currently selecting samples from the 2014 drilling program for preliminary metallurgical test work.

This includes testing of gravity recoverable gold and cyanide leachable gold, which will be undertaken in Perth over the next 3 months.

Exploration news flow though will continue from the company's Merolia Nickel project in Western Australia.

During the September quarter White Cliff obtained all necessary work approvals and completed the planning processes to undertake drilling of targets, which is expected to commence in November 2015.

White Cliff also recently extinguished the final US$65,000 of convertible notes by way of a cash payment to Magna Group LLC.

The company has now fully repaid all its convertible debt liabilities, which has the potential to remove an overhang on the stock.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 17 Nov 2015 15:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/158506/white-cliff-spikes-on-bonanza-gold-drill-results-at-aucu-65644.html
<![CDATA[News - White Cliff Minerals' capital raising well supported by directors ]]> https://www.proactiveinvestors.co.uk/companies/news/158505/white-cliff-minerals-capital-raising-well-supported-by-directors-65419.html White Cliff Minerals (ASX:WCN) recent capital raising has been very well supported by the company's board.

New funds will be allocated to drill the Southern gold zone at the company's Aucu gold project in the Kyrgyz Republic, which currently hosts a resource of 156,000 ounces at 4.2g/t gold - and has multi-million ounce potential.

At Aucu, abundant visible gold has been identified.

Within 50 kilometres of Aucu is Charaat Gold’s (AIM:CGH) 6-million-ounce Charaat mine and Fortune LLC’s 5-million-ounce Ishtamberdy mine.


Director share changes

Todd Hibberd, managing director, purchased 10 million shares for $60,000 through the Share Purchase Plan (SPP) and shareholder approved placement participation.

Hibberd now holds 28.4 million shares, with several lines of options.

Michael Langoulant, executive chairman, purchased 5 million shares to increase his stake to 18.7 million shares, with several lines of options.

Rodd Boland, non-executive director, purchased 1 million shares, increasing his stake to 2.3 million shares, with several lines of options.

The capital raising was conducted at $0.006, with shares in the company closing at $0.08 yesterday.

The SPP raised $1.2 million. with the placement $1.1 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 04 Nov 2015 13:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/158505/white-cliff-minerals-capital-raising-well-supported-by-directors-65419.html
<![CDATA[News - White Cliff Minerals fully repays convertible debt liabilities ]]> https://www.proactiveinvestors.co.uk/companies/news/158504/white-cliff-minerals-fully-repays-convertible-debt-liabilities-65387.html White Cliff Minerals (ASX:WCN) has extinguished the final US$65,000 of convertible notes by way of a cash payment to Magna Group LLC.

This follows the conversion of around 6.2 million shares to the value of US$30,000.

White Cliff has now fully repaid all its convertible debt liabilities, which has the potential to remove an overhang on the stock.

White Cliff and Magna have mutually agreed to terminate the balance of the Magna Convertible Note Facility as the company no longer intends to drawdown upon the facility.


Share Purchase Plan

White Cliff has also completed the issue of shares under its recently oversubscribed share purchase plan (SPP). The SPP raised $1.23 million through the issue of 205.7 million shares.


Analysis

White Cliff has now fully repaid all its convertible debt liabilities, which has the potential to remove an overhang on the stock.

The company is now leveraged to news flow, which will be strong in the near-term, with drilling results expected soon from the Southern gold zone at the company's Aucu gold project in the Kyrgyz Republic.

The results are highly anticipated as drilling was just 400 metres south of the Aucu gold resource of 156,000 ounces at 4.2g/t gold.

Ongoing drilling is also targeting extensions to other gold zones.

A number of operating mines are within 50 kilometres of Aucu, including Charaat Gold’s (AIM:CGH) 6-million-ounce Charaat mine and Fortune LLC’s 5-million-ounce Ishtamberdy mine.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 02 Nov 2015 14:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/158504/white-cliff-minerals-fully-repays-convertible-debt-liabilities-65387.html
<![CDATA[News - White Cliff Minerals soars with new funding to drive gold drilling ]]> https://www.proactiveinvestors.co.uk/companies/news/158503/white-cliff-minerals-soars-with-new-funding-to-drive-gold-drilling-65304.html White Cliff Minerals Limited (ASX:WCN) shares were trading as much as 50% higher today after the explorer received share applications exceeding A$1.5 million in a heavily oversubscribed share placement plan.

White Cliff shares were last trading 37.5% up at $0.011, representing an 83% hike from last month.

The company was originally targeting a more modest raising of $900,000 to fund exploration across its portfolio, but was met with an overwhelming shareholder response.

The investor interest follows a streak of positive exploration results from the company’s Aucu gold project in the Kyrgyz Republic, where some of the latest trenching has delivered exceptionally high grades.

This work established a fourth major mineralised system containing high-grade gold at surface within the project. The new area, now known as the Camp gold zone (CGZ), is parallel to the three previously discovered structures.

Assays from the new trenching recorded 3 metres at 23.8g/t gold, including 1 metre at 53.6g/t gold.

Mineralisation at Aucu has consistently demonstrated visible gold and reinforced the reputation of the surrounding region for hosting rich gold endowments.

A number of operating mines are within 50 kilometres of the site, including Charaat Gold’s (AIM:CGH) 6-million-ounce Charaat mine and Fortune LLC’s 5-million-ounce Ishtamberdy mine.


SGZ, LGZ and UGZ

CGZ occurs 400 metres south of the Southern gold zone (SGZ) and has the same sub-vertical dip and west-northwest orientation.

SGZ is just 400 metres south of the inferred Aucu gold resource of 1.2 million tonnes at 4.2g/t gold for 156,000 ounces and is easily accessible from existing tracks.

Ongoing drilling is also targeting the upper and lower gold zones as well as extensions of these zones to the east and west. White Cliff intends to drill up to 3,000 metres (weather permitting) over the next few weeks consisting of about 30 holes with depths ranging from 50 metres to 200 metres.

On completion of drilling at SGZ, the rig will move up the hill to the Lower gold zone (LGZ) to test extensions to the visible gold panned from a 1 kilogram sample taken from the outcrop at 2,730 metres elevation. Mineralisation occurs as a 10 metre wide zone cutting across silicified sandstone and mudstone.

This in turn will be followed by drilling at the Upper gold zone (UGZ), where visible gold was initially panned from outcrop at 3,200 metre elevation.

The UGZ resource average grade is 5.2 g/t gold. The best intersection to date is 4 metres at 22.3 g/t gold. Mineralisation occurs as multiple 1-3 metre wide shear zones.


Australian exploration

In addition to exploration at the Kyrgyz properties, White Cliff intends to use funds raised by the share purchase plan for the drilling of numerous nickel sulphide targets at the Merolia nickel and copper project in Western Australia, where recent ground electromagnetic MLEM surveys have identified several conductors occurring along the basal contact of interpreted ultramafic units within a layered mafic-ultramafic intrusion.

Merolia is located close to the Windarra nickel mine and associated infrastructure.

White Cliff has identified five high impact nickel targets in a similar setting to Independence Group’s (ASX:IGO) Nova-Bollinger nickel-copper-cobalt deposits.

Three of these are untested electromagnetic conductors are on basal contacts with high nickel in-soils.
   
White Cliff is planning to carry out 1,000 metres of drilling to test two targets on the basal contact within a large ultramafic unit that is 7 kilometres by 1.5 kilometres.


Analysis

The raising is an outstanding result given the difficult equity market conditions and reflects growing recognition that the company’s projects have significant upside potential.

This is particularly the case at Aucu, which has delivered excellent trenching results in recent weeks, including grades as high as 53.6g/t gold.

The funding puts White Cliff on a significantly stronger financial footing, opening the door for more potentially revelatory development activities. Financing this activity sets up White Cliff to extend the share momentum it has enjoyed since it starting encountering high-grade gold at Aucu.

The close proximity and apparent similarities between CGZ and previously established gold zones bode well for the success of future development using the current exploration techniques.

With drill samples from SGZ dispatched to the laboratory – initial results are expected in early November - anticipation is building. SGZ is located just 400 metres south of the early Aucu gold resource of 156,000 ounces grading 4.2 g/t gold.

Aucu benefits from potential drivers in several zones, namely the SGZ, CGZ, LGZ and UGZ areas.

 
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 27 Oct 2015 15:04:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/158503/white-cliff-minerals-soars-with-new-funding-to-drive-gold-drilling-65304.html
<![CDATA[News - White Cliff Minerals grows massive potential at Aucu with new gold find ]]> https://www.proactiveinvestors.co.uk/companies/news/158502/white-cliff-minerals-grows-massive-potential-at-aucu-with-new-gold-find-65183.html White Cliff Minerals (ASX:WCN) has identified a new high-grade gold structure at its Aucu project in the Kyrgyz Republic, with trenching results grading as high as 53.6g/t gold.

This work establishes a fourth major mineralised system containing high-grade gold at surface within the project. The new area, now known as the Camp gold zone (CGZ), is parallel to the three previously discovered structures.

Assays from the new trenching recorded 3 metres at 23.8g/t gold, including 1 metre at 53.6g/t gold.

CGZ occurs 400 metres south of the Southern gold zone (SGZ) and has the same sub-vertical dip and west-northwest orientation.

CGZ has also been identified in hillside outcrops along strike 500 metres to the east of the initial trench discovery.

Mineralisation, including visible gold, occurs in all three rock types in a 3-metre-wide shear zone containing brecciated quartz, sulphides and clays.

The discovery follows quickly on a drill program at SGZ, where visible gold has been identified in three separate locations over a length of 2,500 metres.

Targeting work at the western outcrop of visible gold in this area followed up trenching results of 3 metres at 11 g/t gold.

SGZ is just 400 metres south of the inferred Aucu gold resource of 1.2 million tonnes at 4.2g/t for 156,000 ounces and is easily accessible from existing tracks.

Ongoing drilling is also targeting the upper and lower gold zones as well as extensions of these zones to the east and west. White Cliff intends to drill up to 3,000 metres (weather permitting) over the next six weeks consisting of about 30 holes with depths ranging from 50 metres to 200 metres.

On completion of drilling at SGZ, the rig will move up the hill to the Lower gold zone (LGZ) to test extensions to the visible gold panned from a 1 kilogram sample taken from the outcrop at 2,730 metres elevation. Mineralisation occurs as a 10 metre wide zone cutting across silicified sandstone and mudstone.

This in turn will be followed by drilling at the Upper gold zone (UGZ), where visible gold was initially panned from outcrop at 3,200 metre elevation.


Multi-million-ounce potential

Recent exploration success at Aucu has been building excitement for the project, particularly since the project is located in an area known for enormous gold operations.

A number of operating mines are within 50 kilometres of the site, including Charaat Gold’s (AIM:CGH) 6-million-ounce Charaat mine and Fortune LLC’s 5-million-ounce Ishtamberdy mine.

White Cliff’s properties in the region remain 90% undrilled and lie at the epicentre of the famed Tien Shan Gold Belt, which hosts to some of the largest gold mines on the planet, including Kumtor at 19 million ounces and Kalmakyr with 93 million ounces.

Murntau, across the border in Uzbekistan, boasts a whopping 110 million ounces of gold.



The broader project

Aucu is part of the Chanach porphyry copper deposit which holds an Inferred Mineral Resource of 10 million tonnes at 0.41% copper containing 40,000 tonnes of copper.

Total project tenure is 83 square kilometres and can be converted to mining permit for 25 years. The site is 25 kilometres from a local village in an uninhabited valley with an elevated access road and a water mill.

An exploration target of 80,000 tonnes of copper has been set at the site.

Of the 25 holes drilled at Chanach, 22 have contained copper mineralisation at potentially economic grades. Channel sampling has delivered 33 metres at 0.85% copper, including 8 metres at 1.72% copper.



Analysis

Discovery of yet another major gold structure at Aucu further reinforces expectations that the project represents a potentially huge gold resource with the company valued at an enticing $5.4 million.

This view is also supported by the endowment of the immediate jurisdiction, which hosts several large gold operations.

The close proximity and apparent similarities between CGZ and previously established gold zones bodes well for the success of future development using the current exploration techniques.

With drill samples from SGZ dispatched to the laboratory – initial results are expected in early November - anticipation is building. SGZ is located just 400 metres south of the early Aucu gold resource of 156,000 ounces grading 4.2 g/t gold.

Ongoing exploration at prospects CGZ, UGZ and LGZ represents further drivers for White Cliff.

Aucu also benefits from a number of infrastructure advantages, including access roads 200 kilometres to rail, power at US$0.02 per kilowatt and support in two regional mining hubs.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 20 Oct 2015 09:15:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158502/white-cliff-minerals-grows-massive-potential-at-aucu-with-new-gold-find-65183.html
<![CDATA[News - White Cliff Minerals marks encouraging results in early gold drilling at Aucu ]]> https://www.proactiveinvestors.co.uk/companies/news/158501/white-cliff-minerals-marks-encouraging-results-in-early-gold-drilling-at-aucu-65148.html White Cliff Minerals (ASX:WCN) has identified mineralised shear zones in all holes after an initial pass of drilling at an exciting prospect of the company’s Aucu gold project in the Kyrgyz Republic.

Samples have been dispatched for laboratory analysis, with results expected early next month.

The initial drill targets of the eight-hole, 760-metre program are at Aucu’s Southern Gold Zone (SGZ) where visible gold has been identified in three separate locations over a length of 2,500 metres. 

More specifically, this work targeting the western outcrop of visible gold where trenching identified 3 metres at 11 g/t gold. Mineralisation occurs as a 3-5 metre wide shear zone and the mineralisation cuts across granodiorite, conglomerate and mafic volcanics. Mineralisation including visible gold occurs in all three rock types.

SGZ is just 400 metres south of the inferred Aucu gold resource of 1.2 million tonnes at 4.2g/t for 156,000 ounces and is easily accessible from existing tracks.

Ongoing drilling is also targeting the upper and lower gold zones as well as extensions of these zones to the east and west. White Cliff intends to drill up to 3,000 metres (weather permitting) over the next six weeks consisting of about 30 holes with depths ranging from 50 metres to 200 metres.


LGZ and UGZ

On completion of drilling at SGZ, the rig will move up the hill to the Lower Gold Zone (LGZ) to test extensions to the visible gold panned from a 1 kilogram sample taken from the outcrop at 2,730 metres elevation. Mineralisation occurs as a 10 metre wide zone cutting across silicified sandstone and mudstone.

This in turn will be followed by drilling at the Upper Gold Zone (UGZ), where visible gold was initially panned from outcrop at 3,200 metre elevation.

UGZ is laterally persistent along at least 3,000 metres. A second visible gold sample was collected from a trench at the site 900 metres east of the initial visible gold sample.

The UGZ resource average gold grade is 5.2 g/t. The best intersection to date is 4 metres at 22.3 g/t. Mineralisation occurs as multiple 1-3 metre wide shear zones.


Major potential

The completion of initial drilling at SGZ is contributing to expectations that White Cliff is on to something big at Aucu.

The initial aim here is to delineate a 500,000 ounce to 1 million ounce open pit, then perhaps seek listing in the UK, Hong Kong or Singapore next year to tap demand for gold assets from Asian investors.

The potential to establish a multi-million-ounce resource in this large exploration area (which remains 90% undrilled) is illustrated by the substantial endowment already recorded at Aucu’s comparatively small existing resource area.

Aucu’s initial gold resource was calculated at 1.2 million tonnes grading 4.2 grams per tonne gold for 156,000 ounces over 300 metres of length and 120 metres of depth.

Aucu is part of the Chanach porphyry copper deposit which holds an Inferred Mineral Resource of 10 million tonnes at 0.41% copper containing 40,000 tonnes of copper.


Australian assets

Exploration is also ongoing at numerous nickel sulphide targets on White Cliff’s Merolia nickel and copper project in Western Australia, where recent ground electromagnetic MLEM surveys have identified several conductors occurring along the basal contact of interpreted ultramafic units within a layered mafic-ultramafic intrusion.

Merolia is located close to the Windarra nickel mine and associated infrastructure.

White Cliff has identified five high impact nickel targets in a similar setting to Sirius Resources’ (ASX:SIR) Nova-Bollinger nickel-copper-cobalt deposits.

Three of these are untested electromagnetic conductors are on basal contacts with high nickel in-soils.
   
White Cliff is planning to carry out 1,000 metres of drilling to test two targets on the basal contact within a large ultramafic unit that is 7 kilometres by 1.5 kilometres.


Analysis

The identification of mineralised shear zones in all holes drilled so far at SGZ is important in that it supports expectations that the prospect could meaningfully extend mineralisation at Aucu.

Pending laboratory assays from this work as well as upcoming drilling at the UGZ and LGZ areas represent near-term price catalysts for White Cliff.

Given the dimensions of the area already containing the project’s initial gold resource, an exploration target more than 3,000 metres in length that contains visible gold represents important upside for improving inventory potentially toward a multi-million-ounce level.

Aucu also benefits from a number of infrastructure advantages, including access roads 200 kilometres to rail, power at US$0.02 per kilowatt and support in two regional mining hubs.

White Cliff is continuing to cash up exploration efforts at Aucu and its properties in WA by extending a fundraising drive initiated last month with a share purchase plan.

Investor interest in the company’s exploration success at Aucu was demonstrated on September 1, when the identification of abundant visible gold at the site sent shares flying 83% to a 12-month high of $0.014.

 

White Cliff locked to present at Proactive's Sydney and Melbourne Spotlight Investor Luncheons on the 20th / 21st October.

Limited registration places: Sydney Investor Luncheon, Tuesday, 20th October.

Melbourne Investor Luncheon, Wednesday, 21st October.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 16 Oct 2015 14:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158501/white-cliff-minerals-marks-encouraging-results-in-early-gold-drilling-at-aucu-65148.html
<![CDATA[News - White Cliff talks visible gold at Sydney, Melbourne Luncheons ]]> https://www.proactiveinvestors.co.uk/companies/news/158500/white-cliff-talks-visible-gold-at-sydney-melbourne-luncheons-65010.html White Cliff Minerals (ASX:WCN) has identified visible gold at surface in three separate structures at its Aucu Gold project in the Kyrgyz Republic - which has the potential for a multi-million-ounce resource.

Drilling is underway to begin to unlock the projects potential.


White Cliff locked to present at Proactive's Sydney and Melbourne Spotlight Investor Luncheons on the 20th / 21st October.

Limited registration places:

Sydney Investor Luncheon, Tuesday, 20th October.

Melbourne Investor Luncheon, Wednesday, 21st October.


Multi-million-ounce potential

White Cliff intends to drill up to 3,000 metres over the next two months consisting of around 30 holes with depths ranging from 50 metres to 200 metres.

Assaying is thereafter planned for December and January before a further JORC resource is reported in February 2016.

The initial aim here is to delineate a 500,000 ounce to 1 million ounce open pit, then perhaps seek listing in the UK, Hong Kong or Singapore next year to tap demand for gold assets from Asian investors.

Aucu is part of the Chanach porphyry copper deposit which holds an Inferred Mineral Resource of 10 million tonnes at 0.41% copper containing 40,000 tonnes of copper.

Chanach is the epicentre of the famed Tien Shan Gold Belt, which hosts to some of the largest gold mines on the planet, including Kumtor at 19 million ounces and Kalmakyr with 93 million ounces.

Murntau, across the border in Uzbekistan, boasts a whopping 110 million ounces.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 14 Oct 2015 16:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158500/white-cliff-talks-visible-gold-at-sydney-melbourne-luncheons-65010.html
<![CDATA[News - White Cliff Minerals completes first tranche of placement ]]> https://www.proactiveinvestors.co.uk/companies/news/158499/white-cliff-minerals-completes-first-tranche-of-placement-64900.html White Cliff Minerals (ASX:WCN) has completed the first tranche of its oversubscribed placement priced at $0.006 to professional and sophisticated investors.

Following the receipt of $107,400 in funds, the company has issued 17.9 million shares.

A further 182.1 million shares worth $1,092,600 will be issued after receipt of shareholder approval for Tranche 2 of the placement at a meeting on 27th October 2015.

Proceeds will be used for further exploration and drilling on its existing exploration portfolio and general working capital.

The company has started drilling at the Aucu Gold project in the Kyrgyz Republic on several targets hosting visible gold at surface.

Visible gold was identified at surface occurs in three separate structures, each extending at least 3,000 metres in length.

The program will test each structure in several locations to ascertain the overall scale and tenor of the larger gold bearing mineralised region.

Exploration is also ongoing at numerous nickel sulphide targets on the Merolia nickel and copper project in Western Australia, where the company has identified five high impact nickel targets in a similar setting to Sirius Resources’ (ASX:SIR) Nova-Bollinger nickel-copper-cobalt deposits.

Drill testing is likewise planned down dip and along strike from historical high grade gold intersections at its Ironstone gold project.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 05 Oct 2015 10:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158499/white-cliff-minerals-completes-first-tranche-of-placement-64900.html
<![CDATA[News - White Cliff Minerals offers share plan for drill programs ]]> https://www.proactiveinvestors.co.uk/companies/news/158498/white-cliff-minerals-offers-share-plan-for-drill-programs-64876.html White Cliff Minerals (ASX:WCN) has climbed 33% to $0.008 today after the company announced a highly anticipated drill program would commence at its Aucu Gold project in the Kyrgyz Republic.

Visible gold was discovered at surface.

A share purchase plan has been launched that will offer 150 million shares priced at $0.006 to raise up to $900,000.

This follows the recent oversubscribed placement, which generated A$1.2 million for exploration at a price of $0.006 per share.

The SPP includes 1 free attaching option exercisable at $0.02 on or before December 31, 2017 for every 2 shares subscribed.

The company may place any shortfall to professional and sophisticated investors.

The visible gold identified at surface occurs in three separate structures, each extending at least 3,000 metres in length.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 01 Oct 2015 16:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158498/white-cliff-minerals-offers-share-plan-for-drill-programs-64876.html
<![CDATA[News - White Cliff aims for multi-million-ounce resource as new Aucu drilling begins ]]> https://www.proactiveinvestors.co.uk/companies/news/158497/white-cliff-aims-for-multi-million-ounce-resource-as-new-aucu-drilling-begins-64863.html White Cliff Minerals (ASX:WCN) is ramping up excitement for its Aucu Gold project in the Kyrgyz Republic with the start of  drilling on several targets hosting visible gold at surface.

The visible gold identified at surface occurs in three separate structures, each extending at least 3,000 metres in length. The 2015 drilling program will test each structure in several locations to ascertain the overall scale and tenor of the larger gold bearing mineralised region.

Drilling has commenced at the Southern Gold Zone (SGZ) where visible gold has been identified at three separate locations over a length of 2,500 metres of the SGZ structure. Further drilling will target the upper and lower gold zones and extensions of these zones to the east and west.

The company intends to drill up to 3,000 metres over the next two months consisting of approximately 30 holes with depths ranging from 50 metres to 200 metres.

Assaying is thereafter planned for December and January before a further JORC resource is reported in February 2016. The initial aim here is to delineate a 500,000 ounce to 1 million ounce open pit, then perhaps seek listing in the UK, Hong Kong or Singapore next year to tap demand for gold assets from Asian investors.


Elephant country

The potential to establish a multi-million-ounce resource in this large exploration area (which remains 90% undrilled) is illustrated by the substantial endowment already recorded at Aucu’s comparatively small existing resource area.

Aucu’s initial gold resource was calculated at 1.2 million tonnes grading 4.2 grams per tonne gold for 156,000 ounces over 300 metres of length and 120 metres of depth.

Aucu is part of the Chanach porphyry copper deposit which holds an Inferred Mineral Resource of 10 million tonnes at 0.41% copper containing 40,000 tonnes of copper.

Total project tenure is 83 square kilometres and can be converted to mining permit for 25 years. The site is 25 kilometres from a local village in an uninhabited valley with an elevated access road and a water mill.

A number of operating mines are within 50 kilometres of the site, including Charaat Gold’s (AIM:CGH) 6-million-ounce Charaat mine and Fortune LLC’s 5-million-ounce Ishtamberdy mine.

Chanach is the epicentre of the famed Tien Shan Gold Belt, which hosts to some of the largest gold mines on the planet, including Kumtor at 19 million ounces and Kalmakyr with 93 million ounces.

Murntau, across the border in Uzbekistan, boasts a whopping 110 million ounces.


Southern Zone

Abundant visible gold has been panned from an exceptionally rich mineralised outcrop at surface at the eastern end of the SGZ.

This new outcrop which extends the SGZ to at least 3,000 metres hosts visible gold at three different locations spread along 2,500 metres of the strike length.

Mineralisation occurs as a 3-5 metre wide shear zone and cuts across granodiorite, conglomerate and mafic volcanics. Mineralisation including visible gold occurs in all three rock types.

The SGZ is just 400 metres south of the Inferred Aucu gold resource of 156,000 ounces and is easily accessible from existing tracks.


Lower Gold Zone

Visible gold was panned from a 1 kilogram sample taken from the outcrop at 2,730 metres elevation.

Mineralisation in the LGZ occurs in as a 10 metre wide zone cutting across silicified sandstone and mudstone.

The sedimentary rocks are intruded by late stage granodiorite dykes that have fractured the sandstones allowing substantial gold deposition.

There are several small (<2 metres) mineralised shear zones south of the main zone.


Upper Gold Zone

Visible gold was initially panned from outcropping mineralised zone at 3,200 metre elevation from what is now the UGZ.

The UGZ is laterally persistent along at least 3,000 metres and has potential to host 15 resource blocks.

A second visible gold sample was collected from Trench 21 around 900 metres east of the initial visible gold sample.

The UGZ JORC compliant resource average gold grade is 5.2 g/t.

The best intersection to date is 4 metres at 22.3 g/t gold. Mineralisation occurs as multiple 1-3 metre wide shear zones.


Australian portfolio

Exploration is also ongoing at numerous nickel sulphide targets on White Cliff’s Merolia nickel and copper project in Western Australia, where recent ground electromagnetic MLEM surveys have identified several conductors occurring along the basal contact of interpreted ultramafic units within a layered mafic-ultramafic intrusion.

Merolia is located close to the Windarra nickel mine and associated infrastructure.

White Cliff has identified five high impact nickel targets in a similar setting to Sirius Resources’ (ASX:SIR) Nova-Bollinger nickel-copper-cobalt deposits.

Three of these are untested electromagnetic conductors are on basal contacts with high nickel in-soils.
   
White Cliff is planning to carry out 1,000 metres of drilling to test two targets on the basal contact within a large ultramafic unit that is 7 kilometres by 1.5 kilometres.

Drill testing is likewise planned down dip and along strike from historical high grade gold intersections at its Ironstone gold project (also in WA).

Ironstone is located within the Laverton Gold Project within the northern Goldfields, providing it with extensive infrastructure in a world class region that includes the 8 million ounce Wallaby and 7 million ounce Sunrise Dam mines.

Earlier this year, the Laverton project area produced two nuggets weighing 248 grams and 310 grams (8 and 10 ounces), respectively, thanks to a local prospector operating under a tribute agreement with the White Cliff.

The area where the gold nuggets were located has had minor previous exploration including two trenches and surface sampling. The quartz reef has not been tested and the company will conduct further exploration to assess the potential for substantial gold deposition.


Red Flag

The economic potential of the Laverton project was enhanced in August by positive drilling results at its Red Flag prospect. Drill results including a 4 metre interval grading 1.33 g/t gold provided encouragement for further drilling along strike and at depth.

The exploration targets at Red Flag are located immediately north of the 3 million ounce Granny Smith Gold Mine, and the goliath 8 million ounce Wallaby Gold Mine. This gives White Cliff potential to swiftly and cheaply monetise a deposit in the area, via the ore processing infrastructure at these existing mines.

Red Flag consists of a series of strongly deformed mafic and felsic volcanics with banded iron and sediment units. Mineralisation is associated with shear zones running along contacts between units and along cross cutting faults which are responsible for the deposition of the 3 million ounce Mt Morgan’s deposit.

The prospect is also related to the regional fault system responsible for the 7 million ounce Sunrise Dam gold.


Analysis

The start of drilling at Aucu is significant in that it is targeting a structure more than 3,000 metres in length that contains visible gold at surface.

Given the dimensions of the area already containing the project’s initial gold resource, this large exploration footprint represents important upside for improving inventory potentially toward a multi-million-ounce level.

Aucu also benefits from a number of infrastructure advantages, including access roads 200 kilometres to rail, power at US$0.02 per kilowatt and support in two regional mining hubs.

White Cliff is continuing to cash up exploration efforts at Aucu and its properties in WA by extending a fundraising drive initiated last month with a share purchase plan.

This will be available on the same terms as a recent oversubscribed placement, which recently generated A$1.2 million for exploration at a price of $0.006 per share to professional and sophisticated investors.

Investor interest in the company’s exploration success at Aucu was demonstrated on September 1, when the identification of abundant visible gold at the site sent shares flying 83% to a 12-month high of $0.014.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 01 Oct 2015 11:24:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158497/white-cliff-aims-for-multi-million-ounce-resource-as-new-aucu-drilling-begins-64863.html
<![CDATA[News - White Cliff Minerals' additional funding to expand gold drilling programs ]]> https://www.proactiveinvestors.co.uk/companies/news/158496/white-cliff-minerals-additional-funding-to-expand-gold-drilling-programs-64812.html White Cliff Minerals (ASX:WCN) is continuing to cash up exploration efforts at its gold and base metal project in the Kyrgyz Republic and Western Australia by extending a fundraising drive initiated earlier this month with a share purchase plan (SPP).

The SPP will be available on the same terms as a recent oversubscribed placement, which generated A$1.2 million for exploration at a price of $0.006 per share to professional and sophisticated investors.

This included 1 free attaching option exercisable at $0.02 on or before December 31, 2017 for every 2 shares subscribed. White Cliff is currently trading at $0.007.

As with the share placement, the SPP is aimed at funding further drilling at the Aucu gold prospect in the Kyrgyz Republic, the Merolia nickel-copper project and the Ironstone gold project - which are both located in Western Australia.

Investor interest in the company’s exploration success at Aucu was demonstrated on September 1, when the identification of abundant visible gold at the site sent shares flying 83% to a 12-month high of $0.014.

Previous drilling at Aucu has delivered 1 metre at 23.1 grams per tonne gold from 47 metres, and WCN’s existing Aucu gold resource at the prospect totals 156,000 ounces at 4.2 grams per tonne gold from surface.

Upcoming drilling to be funded by the SPP is expected to contribute to an updated Aucu resource.

Aucu is part of the larger Chanach copper-gold property, which boasts a 10 million tonne resource at 0.4% copper for 156,000 tonnes of copper. An exploration target has been set at the site of 80,000 tonnes of copper.

Drilling and trenching from 2009-2013 at the Chanach porphyry deposit has identified widespread copper and gold mineralisation from surface over an area of 500 metres by 600 metres.

The deposit is open in all directions and extensive copper results from surface trenching outside the area drilled to date indicate that the size of the mineralisation can be substantially increased.


Analysis

White Cliff’s fundraising moves are significant because they allow the company the ability to expand planned drill programs on its projects.

Early signs have suggested major potential at Aucu, with gold mineralisation visible at surface, open along strike and at depth.

Initial exploration hints at Merolia southeast of Laverton have indicated favourability for massive nickel sulphide deposits.

White Cliff’s Laverton gold holdings, including Ironstone, are located in the core of the structurally complex Laverton Tectonic zone, immediately north of the 8-million-ounce Wallaby gold mine.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 29 Sep 2015 10:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158496/white-cliff-minerals-additional-funding-to-expand-gold-drilling-programs-64812.html
<![CDATA[News - White Cliff Minerals placement is oversubscribed to fund drilling ]]> https://www.proactiveinvestors.co.uk/companies/news/158495/white-cliff-minerals-placement-is-oversubscribed-to-fund-drilling-64734.html White Cliff Minerals (ASX:WCN) is raising $1.2 million through an oversubscribed share placement priced at $0.006 to professional and sophisticated investors.

This includes 1 free attaching option exercisable at $0.02 on or before 31st December 2017 for every 2 shares subscribed. WCN is currently trading at $0.008.

Proceeds will be used to fund the following exploration:

- Further drilling at the Aucu gold prospect in the Kyrgyz Republic where significant surface expressions of visible gold have been discovered along strike from the company’s existing gold resource of 156,000 Ounces at 4.2 g/t of gold from surface;
- Drilling of numerous nickel sulphide targets at the Merolia nickel and copper project in Western Australia where recent ground electromagnetic MLEM surveys have identified several conductors occurring along the basal contact of interpreted ultramafic units within the Diorite Hill layered mafic-ultramafic intrusion; and
- Drill testing down dip and along strike from historical high grade gold intersections at the company’s Ironstone gold project.

Todd Hibberd, managing director, commented:

“We are very pleased with the strong response received for this Placement.

“The strength of the raising demonstrates the strong interest and high expectations investors have for both our high grade gold project in Central Asia and the high quality nickel-copper/gold projects we have in Western Australia.

“Funds raised from the Placement will provide White Cliff with the funding required to further drill test the Aucu gold discovery at Chanach, to drill test the category 1 nickel targets at the Merolia project in WA, which have coincident EM and soil geochemical anomalies and to drill test the drill ready gold targets at Ironstone in WA.

“We remain very excited by the potential for significant discoveries at Chanach, Merolia and Ironstone.”


Placement Details

The Placement will be completed in two tranches with approximately 17.9 million shares issued in the first tranche, pursuant to the Company's 15% capacity under ASX listing rule 7.1.

The remaining 182.1 million shares will be issued in the second tranche, conditional on shareholder approval at a General Meeting to be held on or around Tuesday, 27th October 2015.


Aucu Project

Recent surface exploration at Aucu uncovered visible gold at surface in the Upper Gold Zone, Lower Gold Zone and Southern Gold Zone.

Notable results to date include 1 metre at 35 grams per tonne gold, 4 metres at 22.3g/t gold and 3 metres at 11g/t gold.

The zones each extend over 3,000 metres in length and are located at elevations from 2,500 metres to 3,200 metres, indicating that the Aucu gold system is extensive both along strike and at depth (700+ metres).

White Cliff is currently continuing trenching and sampling to refine the location of the mineralised zones along strike to assist with identifying the optimal drill hole positions.

About 3,000 metres of drilling is expected to commence shortly.


Merolia Nickel

The Merolia project is located close to the Windarra nickel mine and associated infrastructure.

White Cliff has identified 5 high impact nickel targets in a similar setting to Sirius Resources (ASX:SIR) Nova-Bollinger nickel-copper-cobalt deposits.

Three of these are untested electromagnetic conductors on basal contacts with high nickel in-soils with the company planning 1,000 metres of reverse circulation drilling in the fourth quarter of 2015.
   
It will also carry out 1,000 metres of drilling to test two targets on the basal contact within a large ultramafic unit that is 7 kilometres by 1.5 kilometres.


Ironstone

The Ironstone prospect is located within the Laverton Gold Project within Western Australia’s northern Goldfields.

This provides extensive infrastructure in a world class region that includes the 8 million ounce Wallaby and 7Moz Sunrise Dam mines.


Analysis

The oversubscribed share placement nicely sets up White Cliff Minerals’ upcoming drilling at the high grade Aucu gold project in Central Asia and quality nickel-copper/gold projects in Western Australia.

It also reflects the high interest from investors since the discovery of visible gold that has lifted the excitement quotient given potential for a multi-million ounce discovery.

The finds at Aucu are backed up by the presence of the giant Kalymakyr Area (93 million ounces of gold) and Terek Sai deposit (7.5 million ounces of gold) in the region while Merolia has a striking geological similarity to the setting which hosts Sirius’ Nova-Bollinger nickel-copper-cobalt deposits.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 24 Sep 2015 12:39:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158495/white-cliff-minerals-placement-is-oversubscribed-to-fund-drilling-64734.html
<![CDATA[News - White Cliff Minerals to reveal capital raising ]]> https://www.proactiveinvestors.co.uk/companies/news/158494/white-cliff-minerals-to-reveal-capital-raising--64663.html White Cliff Minerals (ASX:WCN) has been granted an ASX trading halt in relation to a capital raising.

A raising could attract strong interest given the highly anticipated drill program at the Aucu Gold Deposit in the Kyrgyz Republic where visible gold discoveries at surface were made.

Recent surface exploration uncovered the gold in the Upper Gold Zone, Lower Gold Zone and Southern Gold Zone and each extend over 3,000 metres in length and contain visible gold at surface.

Notable results to date include 1 metre at 35 grams per tonne gold, 4 metres at 22.3g/t gold and 3 metres at 11g/t gold.

These are located at elevations from 2,500 metres to 3,200 metres, indicating that the Aucu gold system is extensive both along strike and at depth (700+ metres).

While Aucu currently has a Resource of 156,000 ounces of gold though the rock sampling, trenching and drilling to date, the number of ounces looks set to increase based on the recent exploration activity.

The halt will last until the earlier of the announcement being made or the start of trade on Thursday 24th September 2015.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 22 Sep 2015 11:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158494/white-cliff-minerals-to-reveal-capital-raising--64663.html
<![CDATA[News - White Cliff Minerals set to drill visible gold discoveries at Aucu ]]> https://www.proactiveinvestors.co.uk/companies/news/158493/white-cliff-minerals-set-to-drill-visible-gold-discoveries-at-aucu-64533.html White Cliff Minerals (ASX:WCN) is edging closer to a highly anticipated drill program at the Aucu Gold Deposit in the Kyrgyz Republic where visible gold discoveries at surface were made.

Recent surface exploration uncovered the gold in the Upper Gold Zone, Lower Gold Zone and Southern Gold Zone and each extend over 3,000 metres in length and contain visible gold at surface.

Notable results to date include 1 metre at 35 grams per tonne gold, 4 metres at 22.3g/t gold and 3 metres at 11g/t gold.

These are located at elevations from 2,500 metres to 3,200 metres, indicating that the Aucu gold system is extensive both along strike and at depth (700+ metres).

Aucu currently has a Resource of 156,000 ounces of gold though the rock sampling, trenching and drilling to date.

However, based on exploration finds and the footprint of the gold structures, the number of ounces looks set to increase. Given the discoveries in the region there must be potential for the project to host multi-million ounces of gold.

White Cliff is currently continuing trenching and sampling to refine the location of the mineralised zones along strike to assist with identifying the optimal drill hole positions.

Drilling of each of the 3 separate structures is expected to commence shortly.


Southern Gold Zone

Abundant visible gold has been panned from an exceptionally rich mineralised outcrop at surface at the eastern end of the SGZ.

This new outcrop extends the SGZ to at least 3,000 metres with visible gold identified at three different locations spread along 2,500 metres of the strike length.

Mineralisation occurs as a 3-5 metre wide shear zone and the mineralisation cuts across granodiorite, conglomerate and mafic volcanics. Mineralisation including visible gold occurs in all three rock types.

The SGZ is just 400 metres south of the Inferred Aucu gold resource of 156,000 ounces and is easily accessible from existing tracks.

Notably, the zone has yet to be drill tested.


Lower Gold Zone

Visible gold was panned from a 1 kilogram sample taken from the outcrop at 2,730 metres elevation.

Mineralisation in the LGZ occurs in as a 10 metre wide zone cutting across silicified sandstone and mudstone.

The sedimentary rocks are intruded by late stage granodiorite dykes that have fractured the sandstones allowing substantial gold deposition.

There are several small (<2 metres) mineralised shear zones south of the main zone.


Upper Gold Zone

Visible gold was initially panned from outcropping mineralised zone at 3,200 metre elevation from what is now the UGZ.

The UGZ is laterally persistent along at least 3,000 metres.

A second visible gold sample was collected from Trench 21 around 900 metres east of the initial visible gold sample.

The UGZ JORC compliant resource average gold grade is 5.2 g/t.

The best intersection to date is 4 metres at 22.3 g/t gold. Mineralisation occurs as multiple 1-3 metre wide shear zones.


Analysis

With visible gold discoveries at surface now established at three separate zones, White Cliff Minerals is now edging closer to a highly anticipated drill program at the Aucu Gold Deposit.

Each of three structures extend over 3,000 metres in length and could be very depth persistent given that they are located at elevations from 2,500 metres to 3,200 metres.

It all bodes well for the potential for Aucu to host multi-million ounces of gold.

This is supported by the presence of the giant Kalymakyr Area (93 million ounces of gold) and Terek Sai deposit (7.5 million ounces of gold) in the region.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 15 Sep 2015 12:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158493/white-cliff-minerals-set-to-drill-visible-gold-discoveries-at-aucu-64533.html
<![CDATA[News - White Cliff Minerals could have multi million ounce gold deposit at Aucu ]]> https://www.proactiveinvestors.co.uk/companies/news/158492/white-cliff-minerals-could-have-multi-million-ounce-gold-deposit-at-aucu-64303.html White Cliff Minerals (ASX:WCN) has panned abundant visible gold from an exceptionally rich mineralised outcrop at the eastern end of the Southern Gold Zone of its Aucu deposit in the Kyrgyz Republic.

Three major mineralised systems containing visible gold at surface have been identified.

The new outcrop extends the SGZ to at least 2500 metres with visible gold identified in three locations.

This has the potential to host a large jumbo sized gold resource given the massive deposits in the region.

Trenching at SGZ has returned high grade sample assays of 3 metres at 11 grams per tonne gold including 1 metre at 17.9g/t gold.

SGZ is located 400 metres south of the inferred Aucu gold resource of 156,000 ounces and is easily accessible from existing tracks.

The new zone will be targeted in the upcoming drilling program which is planned to significantly increase the current Inferred resource.   

Todd Hibberd, managing director, commented:

“The Company has now identified three major mineralised systems, each extending over 2500 metres and each containing visible gold at surface in more than one location.

“The upcoming drill program will enable us to conduct first pass drilling of this new zone while also extending the foot print of the existing high grade deposit”.

“We now believe that deposit has the potential to contain several million ounces based on the rock sampling, trenching and drilling to date.”


Recent Activity

In August, White Cliff panned visible gold from a trench at the Upper Gold Zone about 900 metres east along strike from the Aucu gold deposit.

The mineralised zones within the trench occur along a structural trend extending 3 kilometres from the Upper Gold Zone eastwards to the Chanach copper deposit.

In July, the company identified four new mineralised zones including small particles of visible gold.


Analysis

The potential for multi-million ounces of gold at the Southern Gold Zone is a noteworthy result for White Cliff as the company prepares to start drilling to increase Inferred Resources at Aucu.

While there are oblique linking structures between the three mineralised systems that appear to contain gold, more drilling is required to confirm the hypothesis.

In addition, the three structures are major gold fluid conduits with strikes of 3000 metres that can be traced on magnetics.

Worth noting, the highest outcrop containing visible gold is located at a height of 3,200 metres and the lowest is 2,450 metres so there is 750 metres of elevation difference.
 
The gold lodes are probably very depth persistent and could extend to well over 1,000 metres.

There is certainly credence for this given the jumbo sized gold-copper deposits in the region such as the giant Kalymakyr Area (93 million ounces of gold) and Terek Sai (7.5 million ounces of gold).

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 01 Sep 2015 12:08:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158492/white-cliff-minerals-could-have-multi-million-ounce-gold-deposit-at-aucu-64303.html
<![CDATA[News - White Cliff Minerals finds more visible gold at Aucu ]]> https://www.proactiveinvestors.co.uk/companies/news/158491/white-cliff-minerals-finds-more-visible-gold-at-aucu-64079.html White Cliff Minerals (ASX:WCN) has identified new mineralised zones at the Aucu gold deposit at its Chanach project in the Kyrgyz Republic with visible gold panned from a trench.

This is located about 900 metres east along strike from the Aucu gold deposit that has an Inferred Resource of 156,000 ounces of gold at 4.2 grams per tonne.

The mineralised zones within the trench occur along a structural trend extending 3 kilometres from the Upper Gold Zone eastwards to the Chanach copper deposit.

In July, the company identified four new mineralised zones including small particles of visible gold.

Assays are also pending from a seven and a twelve metre wide mineralised zone that was identified midway between the Aucu Gold deposit and the trench.

Further results are expected at the end of August.

The company has also identified high grade gold and copper zones while mapping and sampling for extensions of the Aucu deposit to the west.

This returned up to 19g/t gold and 13.3% copper from zones located up to 900 metres along strike.

Todd Hibberd, managing director, commented:

“The new mineralised zones identified provide great encouragement that the mineralisation extends over significant distances and as several distinct structures.

“We hope to extend the grade and width of the high grade mineralisation identified last year to adjacent hills which will provide a significant increase to the initial resource of 156,000 ounces identified last year.”


New Gold and Copper Zones

The outcropping mineralised zones west of Aucu appear to have the same strike and dip as the major zones within the Aucu Gold deposit.

These are interpreted as extensions of that deposit.

White Cliff is undertaking trenching of these zones to confirm the rock chip sampling.


Analysis

Visible gold panned from a new trench of 1m at 35 g/t gold and 2m at 5.2 g/t gold is always exciting.

Today's results that defined additional mineralised zones east and west of the Aucu gold deposit are bullish for White Cliff as the mineralisation may extend significant distances and as several distinct new structures.

Drilling at Aucu is poised to start this month with the goal of doubling the current resource base of 1.15 million tonnes grading 4.2 grams per tonne for 156,000 ounces of contained gold.

Also promising is that early exploration through mapping and sampling for extensions of the Aucu gold deposit to the west has defined mineralised zones up to 900 metres along strike returning grades of up to 19 g/t gold and 13.3% copper.

With multiple exploration projects on the go, investors will surely not want for prospects or opportunities from WCN.

These include upcoming news flow from Australia:

- Results from sampling at the Bremer Range nickel project and at the Ironstone Gold Project;
- Drilling the Ironstone gold prospect in the fourth quarter;
- Drilling at Mt Remarkable; and
- Further drilling at Red Flag.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 19 Aug 2015 12:21:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158491/white-cliff-minerals-finds-more-visible-gold-at-aucu-64079.html
<![CDATA[News - White Cliff Minerals discovers gold at Laverton project ]]> https://www.proactiveinvestors.co.uk/companies/news/158490/white-cliff-minerals-discovers-gold-at-laverton-project-64027.html White Cliff Minerals’ (ASX:WCN) initial drilling has discovered multiple zones of gold at the Red Flag prospect near Laverton, Western Australia.

Located just 25 kilometres from the existing Granny Smith Gold Mine and Wallaby Gold Mine that have ore processing infrastructure, the company could swiftly and cheaply monetise any major discovery.

Gold mineralisation occurs over 200 metres and is open along strike and at depth.

Results include a peak of 4 metres at 1.33 grams per tonne gold and warrant follow-up drilling.

Todd Hibberd, managing director, commented:

“We are very pleased with the initial drilling results which demonstrate that the project in contains gold mineralisation.

“The company is planning further drilling along strike and at depth with reverse circulation drilling methods which provide high quality samples that can be used in resource calculations.

“The identification of these mineralised zones substantially improves the likelihood of an economic outcome of the Laverton Gold project given that the Red Flag prospect is only 25 kilometres from existing mining operations (Wallaby and Granny Smith gold mines) and associated infrastructure.”


Laverton Gold Project

The Laverton gold project consists of 136 square kilometres of exploration licenses in the Laverton Greenstone belt.

Core assets are the Kelly Well and Red Flag prospects, located 35 kilometres southwest of Laverton in the centre of the structurally complex Laverton Tectonic zone and just 25 kilometres northwest of the 3 million ounce Granny Smith Gold Mine and the goliath 8 million ounce Wallaby Gold Mine.

Historic exploration at Kelly Well returned assays of 8 metres at 8.8g/t gold and 4 metres at 5g/t gold.

The Red Flag prospect consists of a series of strongly deformed mafic and felsic volcanics with banded iron and sediment units.

Mineralisation is associated with shear zones running along contacts between units and along cross cutting faults which are responsible for the deposition of the 3 million ounce Mt Morgan’s deposit.

Drilling at Red Flag West identified gold mineralisation and associated alteration and quartz veining, sulphides, limonite and goethite in the target zones which are typically associated with Archaean lode gold mineralisation.

The mineralisation is open along strike and at depth. Planned drilling only partially completed due to challenging ground conditions which are typical of mineralised systems throughout the northeastern Goldfields of Western Australia.

Further drilling is currently being planned to establish the scale and tenor of the mineralised system.

High anomalous intersections were also returned within quartz veining in a felsic volcanic unit in two structurally unique zones at the Red Flag East anomaly.

Both zones are open along strike and at depth and further drilling is being planned.


Analysis

While the discovery of gold at the Laverton project is encouraging for White Cliff Minerals, it is also worth noting that Red Flag is just one asset in a considerable gold-copper portfolio.

This stretches from Red Flag to Mt Remarkable, where gold nuggets were discovered, and the advanced high grade Aucu gold deposit at its Chanach project in the Kyrgyz Republic.

White Cliff also holds the Merolia Nickel Project in Western Australia.

Share Price Catalysts:

- Start of between 2,000 metres and 4,000 metres of reverse circulation and diamond drilling at the Aucu gold-copper deposit in August;
- Results from sampling at the Bremer Range nickel project and at the Ironstone Gold Project;
- Drilling the Ironstone gold prospect in the fourth quarter; and
- Drilling at Mt Remarkable.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 17 Aug 2015 12:08:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158490/white-cliff-minerals-discovers-gold-at-laverton-project-64027.html
<![CDATA[News - White Cliff Minerals readies for assay results at Laverton Gold ]]> https://www.proactiveinvestors.co.uk/companies/news/158489/white-cliff-minerals-readies-for-assay-results-at-laverton-gold-63588.html White Cliff Minerals (ASX:WCN) is closer to receiving eagerly awaited assay results from first pass Rotary Air Blast drilling over two key gold targets near Laverton, Western Australia.

Notably, the targets at the Red Flag Gold Project are located immediately north of the 3 million ounce Granny Smith Gold Mine, and the goliath 8 million ounce Wallaby Gold Mine.

A major discovery can be swiftly and cheaply monetised given the ore processing infrastructure at these existing mines.

The prospects at Red Flag are also related to the regional fault system responsible for the 7 million ounce Sunrise Dam gold.

Assay results are expected to be available in early August.

Todd Hibberd, managing director, noted:

“Drilling of the gold anomalies has identified several intersections of quartz veining and fault hosted alteration. We await the assay results with high expectations.

“The identification of these mineralised zones substantially improves the likelihood of an economic outcome of the Laverton Gold project given that the Red Flag prospect is only 25 kilometres from existing mining operations (Wallaby and Granny Smith gold mines) and associated infrastructure.”


Drilling Program

The drilling program was completed in 8 days and identified alteration and minerals including quartz veining, sulphides, limonite and goethite in the target zones that are typically associated with Archean lode gold mineralisation.

At the Red Flag East anomaly, the company completed a drilling program to test the mineralised trend over a 600 metre length with 50-100 metre spaced lines and 25-50 spaced drill holes.

Red Flag East anomaly extends over 2 kilometres and along the contact of a basalt and intrusive felsic unit. Drilling encountered quartz veining within the target zone on several lines.

White Cliff has initially collected 4 metres composite samples for analysis.

The Red Flag West gold anomaly extends over 500 metres and occurs within a sedimentary sequence.

Drilling was conducted on 50 metre spaced lines and 25 metre spaced holes. This encountered quartz veining with trace sulphides and goethite in the target zone.


Analysis

Assays are due in early August from drilling at the two key prospects in White Cliff Minerals’ Red Flag gold project, which is located in elephant country.

Even a reasonable gold ounce deposit would enable it to be monetised swiftly and cheaply given its location just 25 kilometres from the ore processing infrastructure at the Granny Smith and Wallaby mines.

Once assays are received from the 4 metre composites, the company will take 1 metre samples and move to reverse circulation drilling if they are positive.

Drilling is also in the pipeline later on for the company’s nearby Mt Remarkable Gold Project where large gold nuggets were recovered by a local prospector operating under a tribute agreement.

In Kyrgyzstan, White Cliff plans to drill in mid to late August near its existing Aucu gold-copper deposit.

The company is also preparing to test its Ironstone gold prospect in the fourth quarter of 2015.

With three high impact drilling campaigns in succession, and an existing high grade gold deposit, White Cliff is primed.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 22 Jul 2015 12:32:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158489/white-cliff-minerals-readies-for-assay-results-at-laverton-gold-63588.html
<![CDATA[News - Nano-Cap White Cliff Minerals Drilling for Multiple Mammoth Deposits ]]> https://www.proactiveinvestors.co.uk/companies/news/158488/nano-cap-white-cliff-minerals-drilling-for-multiple-mammoth-deposits-63431.html ASX Small cap explorers are now officially back in vogue.

For evidence of this, look no further than the large, sudden and high volume share price gains of Variscan Mines (ASX:VAR), Antipa Minerals (ASX:AZY), Alchemy Resources (ASX:ALY), St George Mining (ASX:SGQ), Ventnor Resources (ASX:VRX), and BBX Minerals (ASX:BBX).

To be more specific, genuinely micro-cap explorers, with current or imminent drilling campaigns for precious and base metals, are back in vogue…

The aforementioned stocks are, or were, sub-$5 million market cap, and involved in exploration campaigns for various combinations of gold, copper, zinc and nickel.

Well…

What if a sub-$5 million market cap stock had just commenced one gold drilling campaign, and will be drilling a separate project next month for gold-copper, where gold nuggets have been found and will be drilling yet another project in September for nickel-copper-zinc…

We think that is something the market would most definitely be interested in!

Such a stock exists… but it has remained under the radar and is still trading close to base camp.


White Cliff Minerals (ASX:WCN)… drilling for gold as we speak.

A few days ago, on July 8th, WCN commenced a 5000m air blast drilling campaign at its Red Flag project near Laverton, W.A.

The targets aren’t small, with two distinct zones of surface gold anomalism covering ½ a kilometre and 2 kilometres respectively.

The 2km and ½ km gold trends are shown in red below; the blue diamonds are planned and current drill holes, giving very comprehensive coverage:


Map 1: White Cliff Minerals Projects in Australia

The buzz comes from the fact that these targets are located immediately north of the 3 million ounce Granny Smith Gold Mine, and the goliath 8 million ounce Wallaby Gold Mine.

That’s exciting in terms of immediate discovery potential.

And in the event of major discovery, WCN could swiftly and cheaply monetise its deposit, via the ore processing infrastructure at these existing mines.

The prospects at Red Flag are also related to the regional fault system responsible for the 7 million ounce Sunrise Dam gold.

Investors and speculators will not be waiting long for results… the program should be complete around July 22nd, with assay results revealed early next month.

Add to all this, the large gold nuggets found in May at WCN’s nearby Mt Remarkable gold project…



Drilling is also in the pipeline later on for Mt Remarkable… drilling directly into gold nuggets could spin out some handy assays!


More Drilling… Near a 93 Million Ounce Gold Deposit

This drilling is scheduled for mid to late August, 600m from its existing AuCu deposit in Kyrgyzstan.

Not just anywhere in Kyrgyzstan, but at its 89% owned Chanach Project in the epicentre of the famed Tien Shan Gold Belt, host to some of the largest gold mines on the planet…

These include Kumtor at 19 million ounces, Kalmakyr with 93 million ounces and Murntau across the border in Uzbekistan, which boasts a whopping 110 million ounces:


Map 2 White Cliff Minerals Project in Kyrgyzstan

There is a maxim in the gold sector, if you are looking for a big gold find, you need to be drilling in “elephant country” – code name for a region with massive gold discoveries.
 
WCN’s AuCu deposit at the Chanach Project – has that in spades.

AuCu has already proven a high grade, near surface resource of 156,000 ounces at 4.2g/t gold… this could easily be increased to a couple of million ounces via upcoming drilling.

The initial aim here is to delineate a 500,000 ounce to 1 million ounce open pit, then perhaps seek listing in the UK, Hong Kong or Singapore next year to tap demand for gold assets from Asian investors.

Definition of a 1 million ounce resource, and listing in the UK, could bring WCN’s market cap closer to the A$55 million of Chaarat Gold Holdings (LON:CGH), which controls a 4 million ounce deposit just to the north of WCN, as shown in the above map.

Previous intersections include:

- 19 metres at 6 g/t gold from 71 metres
- 6 metres at 13.1 g/t gold from 50 metres
- 4 metres at 23.8 g/t gold from 85 metres
- 2 metres at 22 g/t gold from 102 metres

Assays from recent trenching are pending and due late this month… a tantalising pre-cursor to drilling in August:


Figure 2 Location of new mineralised zones, 600 metres east of Aucu gold deposit

Further trenching and sampling underway as tracks progress, as is a ground magnetic survey to refine drill targeting.


Followed by Drilling for Nickel-Copper-Zinc…

WCN will be conducting a third, successive, major drilling program… this time targeting nickel-copper, and/or copper-zinc.

WCN controls 100% of prime nickel tenements in W.A. with a striking geological similarity to the setting which hosts Sirius’ Nova-Bollinger nickel-copper-cobalt deposits…

This ground has the added advantage of proximity to nickel operations – so again any discovery could be quickly monetised due to existing mining infrastructure.


Map 3 Nickel Province Western Australia

WCN’s Merolia Nickel Project has just been granted $150,000 from the WA government to co-fund drilling testing of three compelling electromagnetic conductors on basal contacts.

Another similarity to Sirius is that these conductors have been identified by Newexco – the same team that played an integral role in the Nova-Bollinger discoveries…

Newexco have measured conductivities of 500 -1100 Siemens, and the tops of the conductors occur at depths of 60m to 170m below surface.

They range from 500 metres long to 2000 metres long and extend to depths of 1500 metres… these are BIG, JUICY targets.

In recent days, the $15 million capped St George Mining has identified significant copper and zinc mineralisation in the same sequence, just to the south of WCN.

The SGQ share price has been a 3 bagger since February... so think for a second where WCN could go?

Let’s recap...on WCN:

Three high impact drilling campaigns in succession, and an existing high grade gold deposit, all from one $4 million cap explorer… and conceivably could move way past that $15 million cap of SGQ with drilling success.

Current share price of White Cliff Minerals? 7/10th of one cent.

Share price target White Cliff Minerals? Potentially priceless.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 15 Jul 2015 12:10:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158488/nano-cap-white-cliff-minerals-drilling-for-multiple-mammoth-deposits-63431.html
<![CDATA[News - White Cliff Minerals on elephant hunt at Laverton Gold Project ]]> https://www.proactiveinvestors.co.uk/companies/news/158487/white-cliff-minerals-on-elephant-hunt-at-laverton-gold-project-63339.html White Cliff Minerals (ASX:WCN) has started rotary air blast drilling over two key gold targets near Laverton, Western Australia.

Importantly, these are located just 25 kilometres northwest of Gold Fields’ existing Granny Smith (3 million ounce) and Wallaby (7 million ounce) gold mines as well as associated infrastructure.

The two Red Flag anomalies cover distances of 500 metres and 1500 metres respectively.

Mineralisation is associated with shear zones running along contacts between units and along cross cutting faults which are responsible for the deposition of the 3 million ounce Mt Morgan’s deposit while the fault structures are related to the regional fault system responsible for the deposition of Wallaby and AngloGold Ashanti’s (JSE:ANG) 7 million ounce Sunrise Dam gold deposits.

The 5,000 metre drilling program is targeting the Red Flag East and Red Flag West anomalies. The drilling program is expected to take about two weeks with assay results available by early August.

Todd Hibberd, managing director, noted:

“The gold anomalies are outstanding targets for quartz vein and fault hosted gold mineralisation.

“The Red Flag East anomaly, in particular, is a very attractive target that occurs on the contact between a mafic unit and intrusive porphyry.

“The identification of these gold anomalies substantially improves the likelihood of an economic outcome of the Laverton Gold project given that the Red Flag prospect is only 25 kilometres from existing mining operations (Wallaby and Granny Smith gold mines) and associated infrastructure in the event of successful drilling.”


Red Flag Gold Anomalies

The Red Flag East anomaly extends over 2 kilometres and along the contact of a basalt and intrusive felsic unit.
   
The anomaly has been defined by previous RAB drilling on 400 metre spaced lines and 100 metre spaced drill holes.

Despite several mineralised intersections no follow up work was conducted.

White Cliff has planned a rotary air blast drilling program to test the mineralised trend over a 1000 metre length with 50-100 metre spaced lines and 25-50 spaced drill holes.

Red Flag West extends over 500 metres and occurs within a sedimentary sequence.

The anomaly has been defined by previous RAB and RC drilling on 200 metre spaced lines and 50 metres spaced drill holes.

Despite several promising intersections, the mineralised zone was not followed up along strike.


Laverton Gold Project

The Laverton gold project consists of 136 square kilometres of tenement applications in the Laverton Greenstone belt.

The core prospects are Kelly Well and Red Flag prospects located 35 kilometres southwest of Laverton in the core of the structurally complex Laverton Tectonic zone 25 kilometres northwest of the Granny Smith and Wallaby gold mines.

Red Flag consists of a series of strongly deformed mafic and felsic volcanics with banded iron and sediment units.


Analysis

White Cliff Minerals is exploring in elephant country which is a necessary condition to find an elephant.

That aside, it is located so close to existing mining operations even a reasonable gold ounce deposit would enable it to be monetised very smartly. 

There is also potential for Gold Fields or Mt Morgans’ owner Dacian Gold (ASX:DCN) to purchase any deposit the company defines.

Should the results be good, the company would then move on to reverse circulation drilling.

Of course, the company also has the Mt Remarkable project which turned up gold nuggets recently.

Even that does not end the story, White Cliff also has its Kyrgyz Republic assets which show great promise.

The company is also preparing to test its Ironstone gold prospect in the fourth quarter of 2015.

Capped at just circa $4 million, the company is primed for take-off with projects on several fronts.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 08 Jul 2015 08:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158487/white-cliff-minerals-on-elephant-hunt-at-laverton-gold-project-63339.html
<![CDATA[News - White Cliff Minerals finds visible gold at Aucu, boost to ounces ]]> https://www.proactiveinvestors.co.uk/companies/news/158486/white-cliff-minerals-finds-visible-gold-at-aucu-boost-to-ounces-63253.html White Cliff Minerals (ASX:WCN) has identified four new mineralised zones including small particles of visible gold at the high grade Aucu gold deposit at its Chanach project in the Kyrgyz Republic.

Promisingly, rock samples from the main zone were crushed and panned with two samples yielding small particles of visible gold.

The ongoing exploration should see an increase in the level of ounces of gold in the resource base.

In March, the company estimated a maiden JORC 2012 Inferred Resource of 1.15 million tonnes at 4.2 grams per tonne for 156,000 ounces of contained gold at the Aucu deposit.

The company has now started a ground magnetic survey and expects to start in August drilling to test the deposit to depths of up to 200 vertical metres.

Substantial growth potential was confirmed with the resource remaining open along strike and at depth.

Todd Hibberd, managing director, commented:

“The new mineralised zones identified provide great encouragement that the mineralisation extends over significant distances and as several distinct structures.

“We hope to extend the grade and width of the high grade mineralisation identified last year to adjacent hills which will provide a significant increase to the initial resource of 156,000 ounces identified last year.”


New Mineralised Zones

Several new mineralised structures have been exposed in recent bulldozer road cuttings.

The zones comprise of a central 12 metre wide shear zone flanked by a 7 metre wide subsidiary structure and a two metre wide structure.

An additional two metre wide structure was also identified South of the Aucu Deposit.

Channel samples have been collected across the zones and assay results will be available in late July.

Several promising rock samples from the main zone were crushed and panned with two samples yielding small particles of visible gold.

The mineralised zones are orientated NW-SE (320 degrees) and occur 600 metres east of the upper gold zone (UGZ). It is too early to determine if these zones are part of the upper gold zone but if so would increase the length of the UGZ to over 1000 metres.

The bulldozer is currently cutting additional roads to expose the mineralised structures in both the lower gold zone (LGZ) and the upper gold zone (UGZ) along strike mainly to the east.


Magnetic Survey

Preliminary survey data has been collected over the main mineralised zones and has identified detailed structures that will improve drill targeting.

The survey covers approximately 15 square kilometres and has successfully identified extensions to both the UGZ and LGZ as well as a new mineralised zone further south.

The southern gold zone (SGZ) has been trenched and samples collected. Rock samples for the surface of this zone have been crushed and panned on site and contain small particles of visible gold.

Completion of the magnetic survey and integration of the geological data into a single 3D model will assist finalising the location of this year’s RC and diamond drilling positions.


Analysis

White Cliff Minerals; new mineralised zones have the potential to extend mineralisation at its Aucu deposit over significant distances and as several distinct structures.
   
The company has a news flow pipeline with further assay results from channel sampling.

In addition, more sampling and assays could come as the bulldozer exposes more ore zones.

A magnetic survey is now underway with drilling to start in August 2015. This targets a doubling in the current Resource of 1.15 million tonnes at 4.2 grams per tonne for 156,000 ounces of contained gold.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 02 Jul 2015 13:05:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158486/white-cliff-minerals-finds-visible-gold-at-aucu-boost-to-ounces-63253.html
<![CDATA[News - White Cliff Minerals starts field exploration at Aucu Gold Project ]]> https://www.proactiveinvestors.co.uk/companies/news/158485/white-cliff-minerals-starts-field-exploration-at-aucu-gold-project-62776.html White Cliff Minerals (ASX:WCN) has started field exploration at its Aucu gold project within the broader Chanach Project in northwestern Kyrgyz Republic.

In March, the company estimated a maiden JORC 2012 Inferred Resource of 1.15 million tonnes at 4.2 grams per tonne for 156,000 ounces of contained gold at the Aucu deposit.

Substantial growth potential was confirmed with the resource remaining open along strike and at depth.

The bulldozer is currently clearing the access road prior to the establishment of the field camp.

This will be followed by cutting new roads to expose the mineralised structures in both the lower gold zone (LGZ) and the upper gold zone (UGZ) along strike in road cuttings.

White Cliff will then carry out a detailed ground magnetic survey this month to delineate the intrusive dioritie porphyries, mineralised structures and cross cutting faults.

All exposed mineralised zone will be mapped and sampled and combined with the magnetic survey to allow a detailed 3D model to be generated.

Exploration in 2015 is focussed on testing the extents of the mineralised system in all directions with a primary goal of doubling the existing resource.

On completion of the magnetic survey and integration of the geological data into a single 3D model the existing reverse circulation and diamond drilling positions will be finalised and drilling will commence in August.

The current program includes 2000 metres to 4000 metres of reverse circulation and diamond drilling that will test the deposit to depths of 200 vertical metres.

“The company has high expectations for the 2015 exploration program given the grade and width of the high grade mineralisation identified last year,” managing director Todd Hibberd said.

“It is not often an initial 3000 metre program can so easily deliver a high grade 156,000 Oz inferred resource starting at surface that contains visible gold in outcropping shear zones.

“Mineralisation remains open in all directions and there is excellent potential to significantly expand the resource in 2015 via additional drilling along strike in the near-surface, open pittable environment as well as targeting extensions down-dip and down-plunge of the higher grade sections of both the Upper Gold Zone and Lower Gold Zone mineralisation.

“Mineralisation has been mapped across adjacent hills and links up with structures crossing the Chanach Copper deposit 2.5 kilometres away.

“The potential of the Aucu gold system is exceptional and we are keen to get cracking and generate a big resource upgrade this year.”


Aucu Deposit

The maiden inferred resource of 1.15Mt at 4.2 g/t gold at the cut-off grade of 1g/t gold is based on 24 RC drill holes totalling 3,037 metres.

This is exposed at surface with visible high grade zones and occurs as the LGZ and UGZ zones, which occur in silicified sandstone.

Significant results from the drilling, which returned multiple zones of high grade gold from surface, include:

– 19 metres at 6 g/t gold from 71 metres;
– 6 metres at 13.1 g/t gold from 50 metres;
– 4 metres at 23.8 g/t gold from 85 metres; and
– 2 metres at 22 g/t gold from 102 metres.

There is further upside potential given that there are many mineralised zones within the 2 kilometre plus long and 1.5 kilometre high area

Aucu is located within the 83 square kilometre Chanach Gold and Copper Project, which contains multiple mineralised zones and has good access to road and rail infrastructure.

It is also close to regional mining support hubs as well as operating mines like Terek Sai (gold), Bozymchak (copper-gold-silver) and Ishtamberdy (gold).


Analysis

Exploration has started at the Aucu Gold Project that targets a doubling in the current Resource of 1.15 million tonnes at 4.2 grams per tonne for 156,000 ounces of contained gold.

Aucu and Chanach also benefit from strong government support. The Kyrgyz Republic is committed to developing new mines.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 05 Jun 2015 12:59:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/158485/white-cliff-minerals-starts-field-exploration-at-aucu-gold-project-62776.html
<![CDATA[News - White Cliff Minerals: gold nuggets discovered at Mt Remarkable ]]> https://www.proactiveinvestors.co.uk/companies/news/107282/white-cliff-minerals-gold-nuggets-discovered-at-mt-remarkable-107282.html White Cliff Minerals (ASX:WCN) has announced the recovery of two substantial gold nuggets that improves the prospectivity of the Mt Remarkable gold project in Western Australia’s  Northern Goldfields region.

The shares should climb on the news as the value of the property increases.

The nuggets were recovered by a local prospector operating under a tribute agreement in an area associated with quartz reefs that trend NNW within felsic and mafic schists.

Several minor gold nuggets were also recovered.

This area has had minor previous exploration including two trenches and surface sampling.

However, the quartz reef has not been tested and the company will conduct further exploration to assess the potential for substantial gold deposition.

The two nuggets are 248 grams (8 ounces) and 310 grams (10 ounces) and at the current Australian gold price of A$1512 per ounce are worth approximately A$27,000 dollars.

“The discovery of two gold nuggets of that size is a significant find that upgrades the prospectivity of the Mt Remarkable project,” managing director Todd Hibberd said.

“The size and strength of the gold anomaly is highly encouraging and warrants follow up drilling.”

Gold mineralisation is generally restricted to the margins of the quartz reef and within fractures in the bounding mafic rocks.

Large nuggets can form in the adjacent soils via capillary action where the water or water vapour can carry tiny amounts of gold through the soil to the water evaporation interface.

As the water evaporates, gold is left behind and can accumulate into nuggets.


Mt Remarkable

The Mt Remarkable project is located about 170 kilometres north-northeast of Kalgoorlie and about 25 kilometres southeast of Kookynie in the Northern Goldfields.

Included in the project area are the historic mining centres of Mt Remarkable and Yerilla which consists of several old workings.

Major mines in the surrounding area include the Jaguar VMS deposit and the Sons of Gwalia, Tarmoola, Carosue Dam, Granny Smith, Wallaby and Sunrise Dam gold deposits.

The project covers approximately 70 square kilometres of Archean greenstone and granitoid sequences prospective for shear and vein hosted gold deposits, ultramafic hosted nickel sulphide deposits and volcanic hosted base metal deposits.


Analysis

The discovery of two substantial and several minor gold nuggets has sent the value of the Mt Remarkable property, which is within hauling distance to Leonora, rocketing.

The Nugget formation is related to the adjacent mineralised quartz reef that has not been tested. Further exploration will see if the company can unlock substantial gold deposition.

White Cliff will carry out some reconnaissance work in June, possibly some scout aircore drilling.

With major deposits in the surrounding area that include the Jaguar VMS deposit and the Sons of Gwalia, Tarmoola, Carosue Dam, Granny Smith, Wallaby and Sunrise Dam gold deposits, this will be a fascinating exploration program unfolding.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 21 May 2015 13:47:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/107282/white-cliff-minerals-gold-nuggets-discovered-at-mt-remarkable-107282.html
<![CDATA[News - White Cliff Minerals receives research and development tax rebate ]]> https://www.proactiveinvestors.co.uk/companies/news/106898/white-cliff-minerals-receives-research-and-development-tax-rebate-106898.html White Cliff Minerals (ASX:WCN) has received a tax rebate of $261,361 under the Federal Government’s Research and Development Tax Incentive Scheme for the 2013-2014 financial year.

The R&D rebate relates to expenditure on the development of proprietary geochemical modelling processes that can discriminate between mineralised and non-mineralised ultramafic lava flows.

Further rebates are expected for research carried out during the 2014-2015 financial year.

Earlier this month, the company identified three nickel sulphide targets at the Coglia nickel prospect of its Merolia Nickel Project in Western Australia.

Merolia is located close to the Windarra nickel mine and associated infrastructure.

This follows on its identifying three targets at the McKenna prospect in April.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 18 May 2015 13:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/106898/white-cliff-minerals-receives-research-and-development-tax-rebate-106898.html