Quarterly Report for the period ended 31 March 2017
- Aucu Gold Project delivers 93% increase in Inferred gold resources to 302,000 Oz's
- New gold in soil anomalies identified at Merolia Gold Project
Kyrgyz Republic Exploration - Aucu Gold Project (90% owned)
During the March quarter the Company received the final, and duplicate, assay results from the 2016 drill program at the Aucu Gold deposit in the Kyrgyz Republic. The drilling identified a new high grade mineralised zone containing visible gold in both the drill holes and in surface outcrop.
Subsequent to the quarter end the Company completed a new JORC gold resource estimate in conjunction with detailed metallurgy testing. These study outcomes will be used to complete an open pit optimisation study.
The updated inferred resource for the Aucu gold deposit reported in accordance with the JORC Code above a cut-off grade of 1 g/t gold is 1.8 million tonnes grading 5.2 g/t gold, for 302,000 ounces of contained gold.
Importantly the new resource contains a very high grade zone (Quartz Zone) of 244,000 tonnes at 9.5 g/t gold containing 75,000 ounces of gold,
Western Australian Exploration -Gold Projects (100% owned)
Extensive soil geochemical sampling programs identified substantial gold in soil anomalism along the Central gold trend near Ironstone.
During the quarter the Company acquired an additional 1% of the Kyrgyz Republic Aucu gold project from an external shareholder through the issue of 12 million new ordinary shares. White Cliff now owns 90% of the Aucu high grade gold project.
To view the full report, please visit:
About White Cliff Minerals Ltd
Kyrgyz Aucu Gold Project (90%): The Project contains extensive porphyry related gold and copper mineralisation starting at the surface and extending over several kilometres. Drilling during 2014-6 has defined a gold deposit currently containing an inferred resource of 1.8Mt at 5.2 g/t containing 302,000 ounces of gold and 608,000 tonnes at 0.64% copper containing 3870 tonnes of copper. Drilling has also defined a significant copper deposit at surface consisting of 10Mt at 0.41% copper containing 41,000 tonnes of copper.
Extensive mineralisation occurs around both deposits demonstrating significant expansion potential. The project is located in the Kyrgyz Republic, 350km west-southwest of the capital city of Bishkek and covers 57 square kilometres. The Chanach project is located in the western part of the Tien Shan Belt, a highly mineralised zone that extending for over 2500 km, from western Uzbekistan, through Tajikistan, Kyrgyz Republic and southern Kazakhstan to western China.
Merolia Gold and Nickel Project (100%): The project consists of 771 square kilometres of the Merolia Greenstone belt and contains extensive ultramafic sequences including the Diorite Hill layered ultramafic complex, the Rotorua ultramafic complex, the Coglia ultramafic complex and a 51 kilometre long zone of extrusive ultramafic lavas. The intrusive complexes are prospective for nickel-copper sulphide accumulations possibly with platinum group elements, and the extrusive ultramafic rocks are prospective for nickel sulphide and nickel-cobalt accumulations.
The project also contains extensive basalt sequences that are prospective for gold mineralisation including the Ironstone prospect where historical drilling has identified 24m at 8.6g/t gold. Soil sampling in 2016 has identified multiple mineralised gold trends at Burtville East, Comet Well and Ironstone which will be drilled in 2017.
Bremer Range Nickel Project (100%): The project covers over 127 square kilometres in the Lake Johnson Greenstone Belt, which contains the Emily Ann and Maggie Hayes nickel sulphide deposits. These mines have a total resource of approximately 140,000 tonnes of contained nickel. The project area has excellent prospectivity for both komatiite associated nickel-cobalt sulphides and amphibolite facies high-grade gold mineralisation.
Lake Percy Lithium Project (100%): Substantial lithium anomalism has been identified within untested outcropping pegmatites within the Lake Percy tenements.
Laverton Gold Project (100%): The project consists of 136 square kilometres of tenement applications in the Laverton Greenstone belt. The core prospects are Kelly Well and Eight Mile Well located 20km southwest of Laverton in the core of the structurally complex Laverton Tectonic zone immediately north of the Granny Smith Gold Mine (3 MOz) and 7 kilometres north of the Wallaby Gold Mine (7MOz).
White Cliff Minerals Ltd