Goldcliff Resource Corporation
TSX VENTURE : GCN

Goldcliff Resource Corporation

January 15, 2007 13:27 ET

Goldcliff Resource Corporation: New Panorama Ridge Trenching Results Expand York-Viking Gold Zone

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 15, 2007) - Leonard W. Saleken, President of Goldcliff Resource Corporation (TSX VENTURE:GCN) is pleased to report the gold results of the 2006 trenching program at Goldcliff's 100% owned Panorama Ridge property (the Property) near Hedley, B.C. The York-Viking zone at Panorama Ridge (the Ridge) has been expanded on surface to an area 170 metres long by 159 metres wide averaging better than 1.00 grams per tonne gold. The zone is highlighted by 57 metres grading 1.51 grams per tonne gold and 22 metres grading 2.08 grams per tonne gold.

The combination of trenching and sampling of surface outcrops has established a large surface area of gold mineralization at the York-Viking gold zone. The gold mineralized zone covers a surface area of approximately 0.72 square kilometres along the Ridge and contains gold values that range from a minimum 0.20 grams per tonne gold to a maximum of 18.00 grams per tonne gold. Approximately 25 per cent of the zone's area has an average gold grade of better than 1.00 grams per tonne gold. This is important, because threshold gold values for the Ridge - those that would justify the next level of exploration and development on the Property - are considered to be from 0.50 to 1.00 grams per tonne gold.

Within the York-Viking gold zone, there are three defined gold trends. The gold trends represent continuous gold mineralization in a particular strike direction. The three trends are the Panorama Central (northwest-southeast strike direction) across the Ridge, Panorama West (northeast-southwest strike direction) along the west side of the Ridge and Panorama East (northeast-southwest strike direction) along the east side of the Ridge.

The York-Viking surface gold values that are associated with the trends are as follows:

Panorama Central trend contains a total of 193 metres assaying 0.913 grams per tonne gold (g/t Au). Included in the overall trend is a section that assayed 1.002 g/t Au over 170 metres. Higher gold grade sections include 24 metres grading 1.220 g/t Au and 57 metres grading 1.508 g/t Au.

Panorama West trend contains a total of 283 metres assaying 0.716 grams per tonne gold (g/t Au). Included in the overall trend is a section that assayed 1.002 g/t Au over 159 metres. Higher gold grade sections include 38 metres grading 1.506 g/t Au and 22 metres grading 2.083 g/t Au.

Panorama East trend contains a total of 375 metres assaying 0.291 grams per tonne gold (g/t Au). Included in the overall trend is a section that assayed 0.504 g/t Au over 128 metres. Higher gold grade sections include 23 metres grading 0.705 g/t Au and 9 metres grading 1.018 g/t Au.

The York-Viking zone contains notable high grade gold values associated with the trends and individual trenches.

The gold results associated with the York-Viking zone are very encouraging and significantly add to the overall mineral (economic) potential of the Property. To justify the next level of exploration and development for the Property, threshold gold values of 0.50 to 1.00 grams per tonne gold over a large area are considered important. Values of 1.00 gram per tonne gold are needed in order for the Property to have the potential to be considered economically viable. The York-Viking zone has achieved both of these objectives.

The York-Viking zone map displaying the area of the gold zone, the gold trends and their gold values is posted on Goldcliff's website: www.goldcliff.com.

The core from the 2006 drilling program is being geologically evaluated with several drill holes in for assay. Results are pending.

Leonard W. Saleken, PGeo, is the qualified person as defined by National Instrument 43-101 who supervised the preparation and verification of the technical information in this release.

GOLDCLIFF RESOURCE CORPORATION

Leonard W. Saleken, PGeo, CEO, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this news release.

Contact Information

  • Goldcliff Resource Corporation
    Leonard W. Saleken
    (604) 685-5685 or Toll Free: 1-866-769-4802
    or
    Goldcliff Resource Corporation
    George W. Sanders
    (604) 685-5685 or Toll Free: 1-866-769-4802
    or
    Goldcliff Resource Corporation
    Lorne Beloud
    (604) 685-5685 or Toll Free: 1-866-769-4802
    (604) 261-8994 (FAX)
    Email: info@goldcliff.com
    Website: www.goldcliff.com