Company
ASX:WCN
White Cliff Minerals is focused on advancing a material copper project in a Tier 1 jurisdiction. Drilling at the Rae Project’s Danvers area has confirmed a district-scale copper sulphide system, with high-grade copper and silver assays and visible copper in every hole into the main structure, building on historic high-grade results.
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The identification of new gold zones from bulldozing roads shows just how exposed and wide the Aucu gold mineralisation is. With the 2016 exploration program formally approved and drilling expected to continue throughout the year, constant
The company has raised $2.64 million in a placement of 440 million new shares at $0.006 per share brokered by Hartleys in Perth as investors warm to the high grade gold potential at the Aucu gold project.
The quest has begun for a million ounces at Aucu with early field exploration underway. Based on last year's success and the drill targets for 2016/17, it is one to watch.
Drilling is set to commence in Q2 2016. Aucu is open along strike for over 3 kilometres and is open at depth of greater than 100 metres to more than 1,000 metres.
Managing director Todd Hibberd said, "this means there is the possibility of a nickel sulphide accumulation in the Coglia ultramafic unit and that makes these results very exciting.”
The largest nugget found weighed 20 grams. Along the 3 kilometre trend, a total 40 ounces of gold has been recovered with the largest nugget weighing 20 grams. WCN's shares should trade higher.
The results follow historical drilling at the prospect within the Merolia project which returned an 8 metre at 24 g/t gold intercept. Exploration will define further drill targets.
After what can only be termed outstanding gold recoveries on samples from the Aucu Gold Deposit, White Cliff will fast track drilling of the high grade and laterally extensive Upper Gold Zone to attempt to define a major resource by the end
White Cliff Minerals has demonstrated its faith in its Aucu gold project in the Kyrgyz Republic by extending its exploration rights at the site as shallow, high-grade gold results multiply and pending metallurgical results promise to reveal
White Cliff Minerals has begun drilling at promising nickel sulphide and gold targets on its Merolia property in Western Australia, including a prospect where historical drilling has encountered 8 metres at 24 g/t gold.
Todd Hibberd, MD, said: “We are very pleased with the final batch of assay results for the Aucu gold project. Drilling has confirmed that high grade gold mineralisation is widespread and occurs in all the four major structural zones i
Drilling has only tested to 100 metres depth, the structure could be mineralised to 500-800 metres deep at Aucu. It extends the high grade upper gold zone to over 1.3 kilometres along strike which is still open in both directions.
Grades of over one ounce per tonne have now been found over the entire 900 metres of the upper gold zone which is still open at depth and along strike.
The Australian All Ordinaries bounded 2.2% to 5,174 points today, with one gold junior marking a significant gain on the back of some extremely encouraging exploration results.
Drilling at Aucu has returned very high grade gold, including one intersection at 95.5 g/t gold. The grades were so high that duplicate testing has been undertaken to confirm the results. Further assays are pending.
