Bullseye Gold Anomaly Identified at Ironstone Gold Prospect in Western Australia
Sydney, Sep 13, 2016 AEST (ABN Newswire) - White Cliff Minerals Ltd (
ASX:WCN) ("White Cliff" or the "Company") is pleased to report that a bullseye gold in soil anomaly has been identified at the Ironstone gold prospect, part of the Merolia gold project, near Laverton Western Australia.
- Peak anomaly 340 ppb gold or 0.34 g/t gold at surface
- Large 220 metres by 170 metre zone
- Open along strike to the North
The soil anomaly occurs at surface and extends over 220 by 170 metre area. The anomaly is untested to the northwest. The maximum gold value is 340 ppb (0.34 g/t) which occurs within a halo of +100ppb gold values.
The anomaly occurs 190 metres east of recent and historical drilling that intersected 4 metres at 5 g/t and 0.3 metres at 25 g/t gold (Figure 1, see link below). The Company will conduct a further soil sampling program in the September quarter to define the extents of the anomaly.
Managing Director Todd Hibberd commented that "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. It appears that gold mineralisation has been offset by faulting and the new zone is interpreted to be close to the surface based on the very high gold values in the soil samples. To put this anomaly in context, a good soil anomaly is usually 20-30ppb gold. The ironstone anomaly is +10 times higher so it is an outstanding target."
The Ironstone Gold Prospect
Drilling in January 2016 following up historical gold anomalism, identified substantial gold mineralisation interpreted to trend north-northwest. To confirm the orientation of mineralisation prior to additional drilling the Company conducted a 407 sample soil geochemical program that identified the current bullseye gold anomaly. Further soil sampling will be conducted in the September quarter to identify the extent of the gold anomalism.
Regional Gold Exploration Strategy
As outlined in The June Quarterly report the Company has been conducting low cost regional gold soil sampling across selected parts of the Merolia project, initially focussing on the Ironstone and Comet well gold trends.
Regionally the Company has conducted an extensive +2000 sample soil geochemical program and further results from this sampling is expected shortly. Any gold anomalies identified will be followed up with further soil geochemical programs prior to drilling.
Table 1 (in link below) shows Sample results (parts per billion-ppb) and coordinates (Australian map grid GDA94-Z51).
To view tables and figures, please visit:
http://abnnewswire.net/lnk/U4N00W9D
Contact
Todd Hibberd
Managing Director
T: +61-8-9321-2233
www.wcminerals.com.au
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