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.
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