Goldcliff Resource Corporation
TSX VENTURE : GCN

Goldcliff Resource Corporation

March 08, 2010 09:01 ET

Goldcliff's Drilling Extends Nordic Zone: 25.62 Metres Grading 1.54 Grams per Tonne Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 8, 2010) - George W. Sanders, President of Goldcliff Resource Corporation (TSX VENTURE:GCN), is pleased to report that the Nordic Zone drill results contain multiple gold intercepts in multiple drill holes. The drilling has significantly increased the area of disseminated gold mineralization on the Nordic zone. The Nordic Zone is one of four gold zones on the Company's 100 per cent-owned Panorama Ridge gold project located near Hedley, British Columbia, Canada. Highlights of the gold intercepts include 25.62 metres grading 1.54 grams per tonne gold and 15.11 metres grading 1.20 g/t grams per tonne.

The drilling has extended and expanded the Nordic gold mineralized zone over an area of 70 metres by 250 metres. The Nordic zone now measures 250 meters along a trend from north east to south west, and remains open in both directions. This drilling has also provided valuable information regarding the geometry of gold mineralization at the Nordic zone, particularly with respect to faults, dykes, boundaries and trend of mineralization.

The multiple gold intercepts occur throughout the core from the 37 holes of Nordic drilling. A total of 21 holes in the zone returned values ranging from 0.41 g/t gold to 1.54 g/t gold over core lengths ranging from 4.19 metres to 73.77 metres. Six of these holes contained individual one metre intervals exceeding 5.00 g/t gold, including one metre of 12.80 g/t gold. These results further establish the continuity of near-surface disseminated gold mineralization.

Thirty seven drill holes, totalling 2638 metres, were drilled from three set-ups. The holes were completed in a fan pattern at various angles and drill stem azimuths. The purpose of this drilling was to establish both fill-in and step-out gold mineralization. All the holes drilled along the trend of the Nordic zone returned significant intersections of the Gold Mineralized Zone (GMZ), with most containing strong disseminated gold mineralization. Some holes drilled to the north-north west returned little or no significant gold values, thereby establishing that the Nordic zone is bounded in that direction. Similarly, a few holes drilled further south of the south east limits of the Nordic zone returned limited or no significant gold values, thus indicating that the zone is bounded in that direction as well.

From set-up F, eleven holes were drilled. This set-up is at the northwest edge of the Nordic zone. From here, holes were drilled further north, north west and north east, as well as back into the zone.

Hole 28-153      
Total hole from 3.31 to 75.29 metres 71.98 metres 0.15
GMZ from 3.31 to 52.29 metres 48.98 metres 0.20
Including from 13.31 to 19.16 metres 5.85 metres 0.97
 
Hole 28-155      
Total hole from 3.05 to 75.29 metres 72.24 metres 0.16
GMZ from 7.18 to 41.95 metres 34.77 metres 0.20
 
Hole 28-156      
Total hole from 3.05 to 75.29 metres 72.24 metres 0.13
GMZ from 9.78 to 45.57 metres 35.79 metres 0.20
 
Hole 28-157      
Total hole from 3.05 to 75.29 metres 72.24 metres 0.16
GMZ from 3.05 to 44.43 metres 41.38 metres 0.20
Including from 3.05 to 19.56 metres 16.51 metres 0.43
 
Hole 28-158      
Total hole from 3.05 to 75.29 metres 72.24 metres 0.18
GMZ from 7.28 to 72.04 metres 64.76 metres 0.20
Including from 29.28 to 36.89 metres 7.61 metres 0.42
 
Hole 28-159      
Total hole from 3.05 to 60.05 metres 57.00 metres 0.19
GMZ from 3.05 to 49.59 metres 46.54 metres 0.21
Including from 19.29 to 23.48 metres 4.19 metres 0.57
 
Hole 28-162      
Total hole from 3.05 to 50.90 metres 47.85 metres 0.28
GMZ from 3.05 to 50.90 metres 47.85 metres 0.28
Including from 8.41 to 13.41 metres 5.00 metres 1.00
 
Holes 28-152, 28-154, 28-160 and 28-161 returned no significant values.  

Along the trend of the Nordic zone, 15 holes were drilled from set-up G. Strong gold mineralization was encountered as follows.

Hole 28-118      
Total hole from 3.66 to 74.98 metres 71.32 metres 0.18
GMZ from 3.66 to 67.08 metres 63.42 metres 0.20
Including from 3.66 to 27.54 metres 23.98 metres 0.52
 
Hole 28-119      
Total hole from 3.66 to 75.29 metres 71.63 metres 0.25
GMZ from 3.66 to 75.29 metres 71.63 metres 0.25
Including from 3.66 to 17.38 metres 13.72 metres 0.97
 
Hole 28-120      
Total hole from 3.31 to 74.98 metres 71.67 metres 0.19
GMZ from 3.31 to 64.50 metres 61.19 metres 0.2
Including from 3.31 to 13.84 metres 10.53 metres 0.50
 
Hole 28-121      
Total hole from 1.65 to 75.29 metres 73.64 metres 0.72
GMZ from 1.65 to 75.29 metres 73.64 metres 0.72
Including from 1.65 to 9.66 metres 8.01 metres 0.94
Including from 41.22 to 66.84 metres 25.62 metres 1.54
 
Hole 28-122      
Total hole from 1.52 to 74.98 metres 73.46 metres 0.67
GMZ from 1.52 to 74.98 metres 73.46 metres 0.67
Including from 1.52 to 45.29 metres 43.77 metres 1.01
 
Hole 28-123      
Total hole from 1.52 to 75.29 metres 73.77 metres 0.41
GMZ from 1.52 to 75.29 metres 73.77 metres 0.41
Including from 1.52 to 13.71 metres 12.19 metres 0.80
Including from 60.18 to 75.29 metres 15.11 metres 1.20
 
Hole 28-124      
Total hole from 1.52 to 74.98 metres 73.46 metres 0.50
GMZ from 1.52 to 74.98 metres 73.46 metres 0.50
Including from 1.52 to 33.58 metres 32.06 metres 1.04
 
Hole 28-125      
Total hole from 1.52 to 75.29 metres 73.77 metres 0.19
GMZ from 1.52 to 64.51 metres 62.99 metres 0.20
Including from 1.52 to 10.55 metres 9.03 metres 0.90
 
Hole 28-126      
Total hole from 1.69 to 65.84 metres 64.15 metres 0.43
GMZ from 1.69 to 65.84 metres 64.15 metres 0.43
Including from 1.69 to 23.64 metres 21.95 metres 1.10
 
Hole 28-127      
Total hole from 1.52 to 75.29 metres 73.77 metres 0.29
GMZ from 1.52 to 75.29 metres 73.77 metres 0.29
Including from 1.52 to 16.46 metres 14.94 metres 1.05
 
Hole 28-128      
Total hole from 1.52 to 74.98 metres 73.46 metres 0.51
GMZ from 1.52 to 74.98 metres 73.46 metres 0.51
Including from 1.52 to 33.59 metres 32.07 metres 1.02
 
Hole 28-129      
Total hole from 1.68 to 75.29 metres 73.61 metres 0.50
GMZ from 1.68 to 75.29 metres 73.61 metres 0.50
Including from 1.68 to 34.57 metres 32.89 metres 1.00
 
Hole 28-130      
Total hole from 1.83 to 50.60 metres 48.77 metres 0.65
GMZ from 1.83 to 50.60 metres 48.77 metres 0.65
Including from 1.83 to 30.76 metres 28.93 metres 1.02
 
Hole 28-132      
Total hole from 2.38 to 21.34 metres 18.96 metres 0.55
GMZ from 2.38 to 21.34 metres 18.96 metres 0.55

From set-up H, a further 11 holes were drilled approximately 55 metres south-south west of set-up G. Holes 28-137, 28-139 and 28-143 were drilled to the south and/or below the limits of the zone and returned no significant values. Holes 28-134 and 28-135 were drilled below the northern limit of the zone and also returned no significant values. Holes drilled into the zone continued to return strong gold values.

Hole 28-133      
Total hole from 3.04 to 87.48 metres 84.44 metres 0.19
GMZ from 3.04 to 74.68 metres 71.64 metres 0.20
Including from 26.73 to 40.08 metres 13.35 metres 0.62
 
Hole 28-136      
Total hole from 1.52 to 74.98 metres 73.46 metres 0.45
GMZ from 1.52 to 74.98 metres 73.46 metres 0.45
Including from 26.51 to 52.26 metres 25.75 metres 1.12
 
Hole 28-138      
Total hole from 1.52 to 74.98 metres 73.46 metres 0.36
GMZ from 1.52 to 74.98 metres 73.46 metres 0.36
Including from 19.33 to 38.55 metres 19.22 metres 1.02

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.

GOLDCLIFF RESOURCE CORPORATION

George W. Sanders, President, Director

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