Goldcliff Extends Strike of High Grade Silver at Ainsworth
Rhea-AI Summary
Goldcliff Resource (TSXV:GCN)(OTC PINK:GCFFF) has reported promising results from ground geophysical surveys and geochemical sampling at its Ainsworth silver project conducted in September 2024. The exploration program revealed significant target areas near the historic No 1 and Dellie mines, which were the highest-grade silver producers in the Ainsworth camp.
The sampling program included 277 soil samples, 30 LDS samples, and 41 rock samples, yielding notable results: soil samples peaked at 1,971 ppm silver, rock samples at 733 ppm, and LDS samples at 73.98 ppm. Moderate to strong geochemical anomalies were found along strike to the north of the Dellie mine and south of the No 1 mine.
A significant discovery includes more extensive No 1 limestone presence than previously mapped, which is important as this formation hosts high-grade silver mineralization. The structural trend between the two mines, along with extensions north and south, has been identified as high-priority targets for future exploration.
Positive
- Historical No 1 mine produced 1,993,818 ounces of silver at ~50 ounces per ton
- High silver values in new samples: 1,971 ppm in soil, 733 ppm in rocks, 73.98 ppm in LDS
- Discovery of more extensive No 1 limestone presence than previously known
- Identification of new high-priority exploration targets
Negative
- budget in 2024 prevented detailed sampling between the two mines
- Most surface mineralization has already been found and evaluated historically
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VANCOUVER, BC / ACCESS Newswire / January 22, 2025 / George Sanders, President of Goldcliff Resource Corporation ("Goldcliff" or the "Company") (TSXV:GCN)(OTC PINK:GCFFF) reports that results from ground geophysical surveys and geochemical sampling conducted at the Ainsworth silver project in September 2024 have generated compelling target areas to the south of the No 1 mine and to the north of the Dellie mine as well as in the region between them. These two mines have the highest recorded silver grades in the Ainsworth camp. The No 1 mine was the largest silver producer in the district (1,993,818 ounces) with a recovered grade of just under 50 ounces per ton silver.
The September work program was planned to examine in detail the areas immediately around the two historic high grade silver mines for indications of possible extension of mineralization not found on surface. Twelve grid lines were run east to west, perpendicular to the north south trend of geology and mineralization. Geophysical measurements were taken at stations along these lines as were soil samples. A total of 277 soil samples were analyzed along with 30 LDS (Lithic Drainage Sediment) samples and 41 rock samples. As expected, all samples taken immediately around the No 1 mine returned high silver values. For soil samples the highest silver value was 1,971 ppm, for rocks, 733 ppm and for LDS 73.98 ppm.
Moderate to strong geochemical anomalies were encountered along strike to the north of the Dellie mine underground workings and along strike to the south of the No 1 mine underground workings. The anomalous values are not as high as from sampling over top of the old workings and dumps but that would be expected from zones of potential mineralization that do not outcrop. The extensive number of former mines, old pits and trenches suggests that any mineralization that outcrops has already been found and evaluated. Any remaining mineralization is not likely to outcrop and therefore the more moderate soil and LDS sampling results are highly encouraging. Moreover, areas of low prospectivity have virtually no geochemical response.
Approximately 200 metres south of the No 1 mine, along the projected trend of the No 1 shear, an LDS sample returned 15 ppm Ag. Given the technique (site selection avoiding glacial transport) and methodology (natural sorting of water flow) of LDS sampling, this is a very encouraging result. All samples of moderate to high silver analyses also contain proportional anomalous readings in pathfinder elements such as arsenic, antimony, cadmium, lead and zinc.
The compilation of all data suggests that there is a sheared structural trend hosting silver mineralization in both the No 1 and Dellie mines and that the structural trend strike extension between the two mines, as well as north of the Dellie mine and south of the No 1 mine, constitute high priority targets for follow up geochemical and geophysical exploration and trenching. A limited budget in 2024 precluded detailed sampling between the two mines where previous reconnaissance sampling yielded several anomalous LDS silver values with values up to 77ppm Ag. This is a prime area for follow up exploration using the same methodology.
Finally, and of high importance, is the fact that detailed mapping indicates much more of the property hosts the No 1 limestone than is shown on the historic B.C. government mapping. The No 1 limestone hosts the high-grade silver mineralization on the property, and with proper structural preparation, this unmapped limestone could also host high-grade silver mineralization. This is highly encouraging for the longer-term potential of the property.
Ed Rockel, P. Geo, qualified person as defined by National Instrument 43-101 supervised the preparation and verification of the technical information contained in this release.
For further information, please contact George W. Sanders, President, at 250-764-8879, toll free at 1-866-769-4802 or email at info@directroyalty.com.
GOLDCLIFF RESOURCE CORPORATION
Per: "George W. Sanders"
George W. Sanders, President
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or the accuracy of this news release.
SOURCE: Goldcliff Resource Corp.
View the original press release on ACCESS Newswire
FAQ
What were the key findings from Goldcliff's (GCFFF) September 2024 Ainsworth silver project exploration?
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How many samples were analyzed in Goldcliff's (GCFFF) September 2024 exploration program?
