VANCOUVER, British Columbia, Oct. 18, 2017 (GLOBE NEWSWIRE) -- George Sanders, President of Goldcliff Resource Corporation (TSX.V:GCN) (OTC PINK:GCFFF) (“Goldcliff” or “the Company”) reports that the Company and Joint Venture partner Lincoln Mining Corporation will initiate a prospecting and sampling program in the Scott’s Canyon area 4,200 feet north of the Wilson deposit on the Pine Grove gold project, Lyon County, Nevada. Scott’s Canyon is the down slope ravine of the North facing slope of the Wilson deposit. Gold resources drilled to date on the Wilson deposit are on the south facing slope. In the area of Scott’s Canyon there are several old (circa 1880’s) prospect pits, adits and mine dumps that have never been prospected or sampled. Granodiorite, the Pine Grove host rock, has been identified around the pits and adits in the Scott’s Canyon area. Outcrop of granodiorite is believed to be the strike extension of the mineralized zone drilled at the Wilson deposit. The prospective area measures 2,500 feet by 2,500 feet and is a prime target for Wilson resource expansion.
The Pine Grove project (Wilson deposit to the north and Wheeler deposit to the south) hosts measured and indicated resources of 3,060,000 tonnes of 1.37 g/t Au (Amended & Restated Technical Report, February 4, 2015 by Telesto). Sampling by the joint venture last fall demonstrated the additional exploration potential of the greater Pine Grove land position. Several samples collected from the Southern Cross target south of the Wheeler deposit returned values exceeding 1 g/t gold (see Goldcliff News Release dated January 12,2017). Step-out drilling at the Wilson last fall returned intercepts of mineralization beyond the resource shell limit at the Wilson deposit, demonstrating that the mineralization is still open in this part of the deposit (see Goldcliff News Release dated February 9, 2017).
Goldcliff is earning a 40% joint venture interest in the Pine Grove project from Lincoln Mining Corporation by spending $1.4 million US over three years commencing August 2016.
Jeffery Wilson, Vice President of Exploration of Lincoln Mining Corporation, and a Qualified Person under NI 43-101 has reviewed, prepared, and approved the scientific technical disclosure contained in this news release.
For further information, please contact George W. Sanders, President, at 250-764-8879, toll free at 1-866-769-4802 or email at info@directroyalty.com.
GOLDCLIFF RESOURCE CORPORATION
Per: “George W. Sanders”
George W. Sanders, President
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