- Aucu Gold Project, Kyrgyz Republic, delivers 93% increase in Inferred gold resources to 1.8Mt at 5.2 g/t gold containing 302,000 ounces of gold
- Aucu metallurgical test work indicates +96% free milling gold
- Potentially economic concentrations of cobalt identified at Ghan Well Project, WA
- High grade gold results at East Burtville project, WA
Kyrgyz Republic Exploration - Aucu Gold Project (90% owned)
During the June quarter White Cliff Minerals (
The updated inferred resource for the Aucu gold deposit reported in accordance with the JORC Code (2012) above a cut-off grade of 1 g/t gold is 1.8 million tonnes grading 5.2 g/t gold for 302,000 ounces of contained gold.
Importantly the new resource contains a very high grade zone (Quartz Zone) of 244,000 tonnes at 9.5 g/t gold containing 75,000 ounces of gold.
Metallurgical test work conducted on mineralised intervals from 2016 drilling indicated greater than 96% free milling gold for most samples, confirming previous test work on the rest of the deposit in which gold recoveries averaged 99% and gravity recoverable gold averaged 88%.
Western Australian Exploration - Projects (100% owned)
Re-evaluation of the Ghan Well nickel and cobalt project identified potential for economic cobalt mineralisation with multiple drill-hole intervals containing greater than 1500 ppm cobalt.
Air-core drilling at the East Burtville prospect, part of the Merolia Gold Project near Laverton, confirmed significant gold mineralisation and highlighted the prospect's potential to host a high-grade gold deposit amenable to open pit mining.
During the quarter, the Company entered into two 12-month loan facilities totalling $500,000. Subject to final documentation being completed, the total available facility will increase to $600,000.
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About White Cliff Minerals Ltd
White Cliff Minerals is a Gold, Copper, Cobalt, Nickel resources and mining company listed in Australia (ASX:WCN). The Company is focused on developing low cost high value mineral deposits that have near term cash flow potential.
Major projects include the Aucu gold deposit that contains 484,000 ounces of gold (3mt at 5.1 g/t) starting at surface and Chanach copper deposit that contains 64,000 tonnes of copper (17.2Mt at 0.37% copper). Both projects have substantial blue sky potential with drilling covering only 5% of the known structures. In Australia the company is developing the Coronation Dam cobalt–nickel deposit where a maiden resource will be announced in the late 2018.
White Cliff Minerals Ltd (ASX:WCN) Further Cobalt, Nickel and Copper Mineralisation Intersected at Coglia Well