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).
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