White Cliff Minerals Ltd Stock Market Press Releases and Company Profile
New Substantial Gold Anomalies Identified at Comet Well
New Substantial Gold Anomalies Identified at Comet Well

Perth, Feb 2, 2017 AEST (ABN Newswire) - White Cliff Minerals Limited (googlechartASX:WCN) ("White Cliff" or the "Company") 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.

Key Points:

- Substantial gold anomalies identified in soil samples

o Peak anomaly 169 ppb gold (0.16 g/t gold) at surface

o Anomalous zone 2.3 kilometres long

The anomalies contain a maximum gold value of 169 ppb but are more commonly 20-50 ppb gold with several samples greater than 100ppb. The anomalies extend along approximately 2.3 kilometres of strike and are up to 150-350 metres wide. There also appears to be a SE mineralised zone approximately 1.1 kilometres long joining the Ironstone gold zone to the Central gold zone. Infill sampling will be carried out in the next three months.

Managing Director Todd Hibberd noted that "This is the fourth significant gold anomaly we have identified at the Merolia gold project. The gold grades are highly anomalous and the strike extents are very encouraging. Infill soil sampling will be conducted in conjunction with drilling at the Comet Well prospect".

Comet Well Prospect Background

The Company reported the discovery of gold nuggets within the regional Ironstone Gold prospect in February 2016. Detailed metal detecting identified a significant number of gold nuggets at surface over a 3 kilometre long trend (the Comet Well gold trend) that coincides with a major regional fault structure.

The nuggets were located by prospectors operating under a formal tribute agreement with the Company. Recent prospecting by the tribute group has identified visible gold from a 2 metre deep pit occurring adjacent to a quartz vein where 4 ounces of gold has been recovered (see Figure 2 in the link below). Along the 3 kilometre trend a total 40 ounces of gold has been recovered with the largest nugget weighing 20 grams.

Evaluation of the regional magnetic data over the Ironstone gold project has identified several NW-SE trending shear systems that have the potential to host substantial gold mineralisation (see Figure 3 in the link below). The Comet Well gold trend and associated regional structures extend at least 30 kilometres north to the A1 Minerals Bright Star deposit and only limited historical exploration has been undertaken over these structures.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/DZV3914N

Contact

Todd Hibberd
Managing Director
T: +61-8-9321-2233
W: www.wcminerals.com.au



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