White Cliff Minerals Ltd (ASX:WCN) has identified an in-soil gold anomaly at the Ironstone prospect, located within the Merolia gold project near Laverton in Western Australia.
The at surface anomaly covers an area 220 metres x 170 metres with gold values measuring up to 340 ppb gold.
The anomaly is open to the north and is 190 metres east of historical drilling that intersected assays of up to 25 g/t gold.
Further sampling will be conducted in the current quarter with potential drilling in the December quarter.
Todd Hibberd, managing director, commented: “This is one of the best bullseye gold anomalies I have seen in my career and we will conduct further sampling shortly with a view to drilling in the fourth quarter.
“The strength and position of the gold anomalism was surprising as it was expected further west near the high grade gold drill results identified in January.”
White Cliff’s flagship project is the 89% owned Aucu gold deposit is located in the Kyrgyz Republic.
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.
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.
Drill results to date from the EGZ have produced highlights including 8 metres at 55.2 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.