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.
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