Goldcliff Resource Corporation

Goldcliff Resource Corporation

January 15, 2010 09:30 ET

Goldcliff Resource Corporation: Step-Out Drilling at Panorama Ridge Extends Nordic Zone Gold Mineralization

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2010) - George W. Sanders, President of Goldcliff Resource Corporation (TSX VENTURE:GCN), reports that new gold mineralization has been discovered at the Nordic zone in hole 28-110. Drilled at minus 45 degrees to the northeast, this step-out hole -- which contains a broad zone of Gold Mineralized Zone (GMZ), including 16 metres of 1.06 g/t gold -- extends and expands the Nordic zone 130 metres further than any previously known gold mineralization. The Nordic zone is 300 metres northeast of the York-Viking zone on Panorama Ridge located near Hedley, British Columbia, Canada. The Panorama Ridge property is 100 per cent owned by Goldcliff.

Holes 28-111 through 28-113 were drilled in a southeast direction and intersected broad zones of GMZ. Notable intersections include 10.08 metres of 1.00 g/t gold in hole 28-112. One and two metre samples of highly elevated gold grades (3 g/t plus) were also encountered.

Holes 28-114 through 28-117 were drilled as step-outs to the northwest and returned little or no significant gold mineralization. These results clarify that the Nordic zone trends to the northeast and is offset from expansion to the northwest. The zone is open as it trends down the northeast slope, or the toe, of Panorama Ridge. The mineralization appears to be trending towards a previously untested (by trenching or drilling) geophysical (IP) anomaly. Similar anomalies on other parts of the property have been indicative of sulphides (pyrite and pyrrhotite) that occur with skarn alteration and gold mineralization.

Drill Hole Metres Total Metres   Gold
Hole 28-110
 Total hole from 4.14 to 99.36 metres 95.22 meters   0.25 g/t Au
 GMZ from 4.14 to 99.36 metres 95.22 metres   0.25 g/t Au
 Including from 66.29 to 82.29 metres 16.00 metres   1.06 g/t Au
 And from 66.29 to 68.29 metres 2.00 metres   5.73 g/t Au
Hole 28-111
 Total hole from 3.66 to 99.36 metres 95.70 metres   0.17 g/t Au
 GMZ from 3.66 to 57.44 metres 53.78 metres   0.20 g/t Au
Hole 28-112
 Total hole from 3.66 to 99.67 metres 96.01 metres   0.22 g/t Au
 GMZ from 3.66 to 99.67 metres 96.01 metres   0.22 g/t Au
 Including from 40.69 to 50.77 metres 10.08 metres   1.00 g/t Au
 And from 49.77 to 50.77 metres 1.00 metre   6.10 g/t Au
Hole 28-113
 Total hole from 3.66 to 99.67 metres 96.01 metres   0.14 g/t Au
 GMZ from 17.03 to 56.61 metres 39.58 metres   0.20 g/t Au
 Including from 30.16 to 40.61 metres 10.45 metres   0.53 g/t Au

Additional results from the Nordic zone are anticipated over the next several weeks.

The Panorama Ridge property is located four kilometres east of the historic Nickel Plate-Mascot mine that has produced 2.5 million ounces of gold. The gold mineralization on the Panorama Ridge gold property is related to the pervasive silica-iron alteration (skarn replacement) of the Upper Triassic Nicola Group sedimentary and volcanic rocks. The property was staked in 2000 after Goldcliff prospected new logging road outcrops that exposed skarn alteration. The property has mine-related infrastructure and is readily accessed by roads. Goldcliff has discovered several gold showings and four potentially-economic gold zones.

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


George W. Sanders, President, Director

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or the accuracy of this news release, gcnnews20103.

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