In a news release, Vancouver-based Goldcliff Resource Corp. (GCN:TSX.V; GCFFF:OTCBB) reported that it had achieved rock sampling values as high as 359 g/t silver in the areas surrounding two historical workings at its Ainsworth silver project near Kaslo, British Columbia.
Goldcliff Resource's President George Sanders advised that the firm conducted a geochemical rock, soil, and drainage sediment sampling program at the beginning of October 2020. The company noted that at that time it collected a total of 38 rock samples and 18 lithic drainage samples (LDS) from Cedar Creek canyon area and the area around the old No. 1 and Silver Hoard mine workings and the land between the two historical mines.
The company pointed out that in the past the No. 1 mine was the largest volume silver producer in the Ainsworth camp and that B.C. Minfile records posted a recovered grade of 49.6 oz per ton silver. The firm added that records for the Silver Hoard mine returned a recorded grade of just over 101 oz per ton silver.
Goldcliff highlighted that at Silver Hoard, an outcrop sample yielded 359 g/t silver. The firm added that in the area west of the old No.1 mine a sample in a recently logged area returned 355 g/t silver along with 4.73% zinc. The company added that two other LDS gathered returned 825 g/t Ag and 498 g/t Ag with each showing highly anomalous base metal values.
The company noted that it is planning to carryout additional follow up work including, an airborne geophysical survey and additional prospecting in the spring. Goldcliff advised that it owns 100% of the Ainsworth silver project claims with no royalties or work commitments and indicated that the property is located about 120 kilometers from the Teck-Cominco smelter plant in Trail, B.C.
Read what other experts are saying about:
Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Goldcliff. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Goldcliff, a company mentioned in this article.
