White Cliff Minerals Ltd (ASX:WCN) has identified substantial gold in soil anomalies along the Comet Well gold trend located within the Merolia gold project near Laverton in Western Australia.
The anomaly contains gold values up to 2.6 g/t gold over a zone of 2.7 kilometres in length and 200-400 metres in width.
Gold nuggets and visible gold were discovered at the nearby Ironstone Gold prospect during 2016.
Follow up and infill soil sampling is being conducted along the Comet Well, Central and Ironstone gold trends to refine drilling targets in either late 2016 or early 2017.
Todd Hibberd, managing director, commented: “It is very satisfying that the soil geochemical program has identified so many new substantial gold anomalies.
“There are still large areas of the project to test north, south and parallel to the current results.”
Background
While White Cliff undertakes fieldwork ahead of drilling at the Merolia gold project in Western Australia, the company’s flagship project remains the Aucu gold deposit.
The 89% owned Aucu gold deposit is located in the Kyrgyz Republic, which is a democratic republic bordering Kazakhstan and western China.
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.
In 2015, drilling identified exceptional gold mineralisation east of this resource at the Eastern Gold Zone (EGZ) over a strike length of at least 500 metres.
Results included 8 metres at 55.2 g/t gold and 4 metres at 59.9 g/t gold.
Overall metallurgical recovery of all mineralised zones discovered at Aucu is 99% with gravity recoverable gold averages of 88.6%.
The company is awaiting assay results for at least five completed diamond holes, which were targeting the high grade EGZ within Aucu.
Analysis
The Merolia gold project in Western Australia is emerging as a prospective project for White Cliff alongside its more advanced flagship Aucu gold deposit.
This soil testing program has uncovered a large relatively high grade soil anomaly near to the project’s current priority target being the Ironstone prospect.
Given the mineralisation recognised in this region consists of quartz structures that contain visible gold as evidenced by gold nuggets, the exploration potential of this project is proving to be significant.
With diamond drill results pending from Aucu and soil sampling still in progress at Merolia, White Cliff remains leveraged to continued news flow.
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