An update on White Cliff Minerals' recent achievements and ongoing development of the high grade Aucu gold deposit in Central Asia
Investor Briefings Invitation
Perth, Mar 9, 2017 AEST (ABN Newswire) - White Cliff Minerals Ltd (
ASX:WCN) is pleased to invite investors to hear Managing Director, Todd Hibberd present for White Cliff Minerals at Proactive Investors CEO Spotlight Investor Sessions in Sydney and Melbourne.
A copy of the presentation (see the link below) is attached.
Sydney - Tuesday, 14th March 2017 from 12-noon to 2.30pm
Radisson Blu Hotel, Marble Room (Cnr. Pitt and O'Connell Street, Sydney)
Melbourne - Wednesday, 15th March 2017 from 12-noon to 2.30pm
CQ Functions, Events Room 1 (113 Queen Street, Melbourne)
To book you seat at the presentation please register by Friday, 10th March 2017:
Sydney - http://www.abnnewswire.net/lnk/Y12KRNK2
Melbourne - http://www.abnnewswire.net/lnk/071E95Z8
Aucu Gold Deposit Summary
As previously reported (ASX releases 24 Mar 15 and 02 Apr 15), the Company announced a maiden inferred resource for the Aucu gold deposit above a cut-off grade of 1 g/t gold of 1.15 Million tonnes grading 4.2 g/t gold for 156,000 ounces of contained gold. The Company is currently undertaking a new JORC resource estimate based on drilling completed in 2015 and 2016. The new estimate will be completed in March 2017 and followed by a mining optimisation study that will identify the potential amount of economically mineable gold.
In 2015, drilling identified exceptional gold mineralisation to the east of the Upper Gold Zone (UGZ) over a strike length of at least 500 metres. Results included:
- 8 metres at 55.2 g/t gold from 66 metres including 1 metre at 89.9 g/t gold
- 4 metres at 59.9 g/t gold from 66 metres including 1 metre at 189 g/t gold
- 2 metres at 43.5 g/t gold from 86 metres
- 1 metre at 103.4 g/t gold from 74 metres
- 3 metres at 41.4 g/t gold including 1 metre at 71 g/t gold
- 4 metres at 23.8 g/t gold from 85 metres
- 2 metres at 22 g/t gold from 102 metres
- 1 metre at 58 g/t gold
In 2016, drilling east of the Upper Gold Zone identified further substantial mineralisation over an additional 300 metres of strike length. Results included:
- 11 metres at 15.2 g/t gold from 42 metres including 1 metre at 149 g/t gold
- 12 metres at 15.6 g/t gold from 82 metres including 2 metres at 79 g/t gold
- 12 metres at 5.1 g/t gold from 34 metres including 2 metres at 26.2 g/t gold
- 5 metres at 9.9 g/t gold from 3 metres
- 9 metres at 8.3 g/t gold from 96 metres
- 4 metres at 12 g/t gold from 49 metres
- 3 metres at 11.2 g/t gold from 13 metres
- 3 metres at 11.9 g/t gold from 45 metres
- 5 metres at 7.6 g/t gold from 93 metres
- 3 metres at 9.8 g/t gold from 9 metres
Substantial copper intersections include:
- 66 metres at 0.91% copper from 33 metres including 18 metres at 1.85% copper
- 24 metre at 1.34% copper from 71 metres including 7 metres at 5.1% copper
- 19 metres at 0.74% copper from 22 metres including 2 metres at 2.4% copper
In addition:
- Mineralisation outcrops at surface over an elevation of at least 600 metres,
- Mineralisation remains open in all directions and at depth,
- Overall metallurgical recovery of all mineralised zones is 99%, and
- Gravity recoverable gold averages 88.6% (gold that reports to the gravity concentrate).
To view the full release and the presentation, please visit:
http://abnnewswire.net/lnk/FD581VWH
Contact
Todd Hibberd
Managing Director
T: +61-8-9321-2233
E: info@wcminerals.com.au
W: www.wcminerals.com.au
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