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.
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