White Cliff Minerals reports additional visible gold intersections from recent drill holes at the Quartz Zone within the Aucu Gold Project in the Kyrgyz Republic.
One drill hole has intersected substantial gold mineralisation both within the quartz reef and in the surrounding alteration halo. Assay results include 1 metre @ 41.5 g/t gold within 5 metres @ 9.9 g/t and 3 metres @ 1.26% copper.
Another intersected 7 metres @ 3.21 g/t, including 1 metre @ 9.5 g/t, and 19 metres @ 0.74% copper, including 2 metres @ 2.38% copper and 2 metres @ 1.46% copper from 22 metres with all assays in fresh rock.
The new mineralised zones intersected in these holes extend the quartz zone a further 50 metres northwest of the initial drill line which identified exceptional mineralisation from surface to 100 metres depth while remaining open at depth.
In addition to the above results, drilling has been completed at a further two sections, 2980 and 2970, where drilling has intersected the mineralised quartz vein. Drilling is under way on section 3060 at the north-western end of the Quartz Zone and will then move to section 2920 at the south-eastern end.
The Quartz Zone outcrops at surface in all road cuttings completed and visible gold has been identified in rock samples at surface in all road cuttings over an elevation range of 140 metres to date.
White Cliff managing director Todd Hibberd said, “The exceptional gold assays confirm the visible gold panned from the quartz reef at surface. We have high expectations that drilling will continue to deliver more substantial gold intersections at depth and along strike. The company will endeavour to complete as much drilling as possible before autumn weather conditions make drilling too difficult to continue.”
The Quartz Zone occurs at the eastern end of the Eastern Gold Zone adjacent to the main porphyry intrusion. High grade gold mineralisation is largely confined to the quartz reef which ranges from 1-3 metres wide and can be traced at surface over 210 metres length. Visible gold has been panned from the quartz reef in five road cuttings covering 150 metres length. The quartz reef extends north-west and is interpreted to be the same reef encountered in a previous drill hole which intersected 8 metres @ 55 g/t.
Due to the success of the drilling to date and the amount of visible gold being recovered at surface, the company has planned additional drilling to test the mineralisation further along strike in both directions.
The Reverse Circulation rig is drilling a hole at the top of the Quartz Zone while further roads are bulldozed at the bottom of the hill. White Cliff expects to complete another 1000 metres of drilling in 2016.
Meantime, the company has completed an oversubscribed $1.5 million share placement to professional and sophisticated investors. A share purchase plan raising up to $1.25 million is also planned.
Funds will be used primarily for exploration at the Aucu project and the Merolia Gold Project in Western Australia.