White Cliff Minerals Ltd (ASX:WCN) is pleased to provide the Company's Half Yearly Report for the period ended 31 December 2016.
White Cliff Minerals Ltd
Kyrgyz Aucu Gold Project (90%): The Project contains extensive porphyry related gold and copper mineralisation starting at the surface and extending over several kilometres. Drilling during 2014 has defined a major gold discovery with an initial inferred resource of 1.15Mt at 4.2 g/t containing 156,000 ounces of gold. Additional drilling in 2015 identified extensions of known high grade gold mineralisation with intersections as high as 8 metres at 55 g/t gold. In addition drilling has also defined a significant copper deposit at surface consisting of 10Mt at 0.41% copper containing 40,000 tonnes of copper. Extensive mineralisation occurs around both deposits demonstrating significant potential to increase the existing resources.
The project is located in the Kyrgyz Republic, 350km west-southwest of the capital city of Bishkek and covers 83 square kilometres. The Chanach project is located in the western part of the Tien Shan Belt, a highly mineralised zone that extends for over 2,500 km, from western Uzbekistan, through Tajikistan, Kyrgyz Republic and southern Kazakhstan into western China.
Merolia Gold and Nickel Project (100%): The project consists of 771 square kilometres of the Merolia Greenstone belt and contains extensive ultramafic sequences including the Diorite Hill layered ultramafic complex, the Rotorua ultramafic complex, the Coglia ultramafic complex and a 51 kilometre long zone of extrusive ultramafic lava’s. The intrusive complexes are prospective for nickel-copper sulphide accumulations possibly with platinum group elements, and the extrusive ultramafic rocks are prospective for nickel sulphide and nickel-cobalt accumulations.
The project also contains extensive basalt sequences that are prospective for gold mineralisation including the Ironstone prospect where historical drilling has identified 24m at 8.6g/t gold. Soil sampling in 2016 has identified multiple mineralised gold trends at Burtville East, Comet Well and Ironstone which will be drilled in 2017.
Bremer Range Nickel Project (100%): The project covers over 127 square kilometres in the Lake Johnson Greenstone Belt, which contains the Emily Ann and Maggie Hayes nickel sulphide deposits. These mines have a total resource of approximately 140,000 tonnes of contained nickel. The project area has excellent prospectivity for both komatiite associated nickel sulphides and amphibolite facies high-grade gold mineralisation.
Lake Percy Lithium Project (100%) and Joint Venture (reducing to 30%): The Lake Percy tenement (E63/1222i) is the subject of a Joint Venture arrangement where Liontown Resources (LTR) can earn up to 70% via expenditure of $1.75 Million. Substantial lithium anomalism has been identified within outcropping pegmatites and drilling will be conducted in 2017. The Company also holds 100% of the adjacent 20km2 tenement (E63/1793) which also contains untested outcropping pegmatites.
Laverton Gold Project (100%): The project consists of 136 square kilometres of tenement applications in the Laverton Greenstone belt. The core prospects are Kelly Well and Eight Mile Well located 20km southwest of Laverton in the core of the structurally complex Laverton Tectonic zone immediately north of the Granny Smith Gold Mine (3 MOz) and 7 kilometres north of the Wallaby Gold Mine (7MOz).
White Cliff Minerals Ltd (ASX:WCN) is pleased to update the market on progress with the development of the Aucu gold deposit in Central Asia.
White Cliff Minerals Ltd (ASX:WCN) is pleased to report that substantial gold in soil anomalies has been identified at Comet Well along the Central Gold Trend near Laverton in Western Australia.
White Cliff Minerals Ltd (ASX:WCN) is pleased to announce that it has acquired an additional 1% of the Kyrgyz Republic Aucu gold project from an external shareholder, Somerley Limited of Hong Kong, through the issue of 12 million new ordinary shares.
White Cliff Minerals Ltd (ASX:WCN) is pleased to provide the Company's Quarterly Reports for the period ended 31 December 2016.
White Cliff Minerals Limited (ASX:WCN) is pleased to report the final 2016 drilling results from the Aucu gold project.
White Cliff Minerals Ltd (ASX:WCN) is pleased to report the grant of a 20 km2 tenement immediately North and adjacent to the Lake Percy Joint Venture tenement where Liontown Resources recently identified a 2km long anomalous lithium trend.
White Cliff Minerals Limited (ASX:WCN) is pleased to report that it has identified gold mineralisation in air-core drilling at the Ironstone gold project part of the Merolia gold project, near Laverton Western Australia.
White Cliff Minerals Limited (ASX:WCN) is pleased to report that more substantial gold and copper mineralisation has been identified in new drilling at the Quartz Zone within the Aucu Gold project.
White Cliff Minerals Ltd (ASX:WCN) is pleased to advise that its share purchase plan (SPP) closed raising a further $1,050,000 in equity capital. Applications for 139,666,667 shares at an issue price of $0.0075 were received from existing shareholders under the SPP.