White Cliff Minerals has intersected substantial gold and copper mineralisation at its Aucu Gold Project in northwest Kyrgyz Republic. The best result was 17.5 metres @ 1.5 g/t gold and 1.9% copper.
Within this intersection in the central Quartz Zone was 8.5 metres @ 3 g/t gold and 3% copper with a core zone of 1.8 metres @ 6 g/t gold and 8.9% copper.
In addition, drilling at depth north of this zone has intersected 2.1 metres @ 3.2 g/t gold and 1.9% copper from 197.8 metres.
The ASX-listed company says the drilling is expected to increase the high grade gold and copper resource at the Aucu deposit with results from 12 further holes awaited.
White Cliff’s successful 2017 field season is drawing to a close after drilling 45 holes for 5780 metres, with the final two holes in progress.
In April 2017, White Cliff revealed an updated inferred resource of 1.8 million tonnes grading 5.2 g/t gold for 302,000 ounces of contained gold for Aucu deposit.
The updated resource contains a high-grade zone (Quartz Zone) of 244,000 tonnes @ 9.5 g/t for 75,000 ounces of gold, which starts at surface.
The company recently raised an additional $940,000 from the placement of shortfall shares following a rights issue, which was conducted at $0.002.
The new funds will be allocated to exploration projects in the Kyrgyz Republic and Australia.