Goldcliff Resource Corporation

Goldcliff Resource Corporation

September 08, 2005 22:52 ET

Goldcliff Commences Drilling at Panorama

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 8, 2005) - Goldcliff Resource Corporation (TSX VENTURE:GCN) is pleased to announce that the 2005 drilling program is underway at Panorama Ridge in the Hedley Gold Basin, British Columbia, Canada. The program is focused on the York-Viking and Nordic zones and is scheduled for 2,000 metres of NQTK core drilling. Hoping to capitalize on the good results of last year, Goldcliff's expectations are high for 2005's exploration program.

In keeping with the exploration plan for 2005, the trenching results have facilitated Goldcliff's drill site selection for core drilling. Approximately 1,115 metres of trenching in 30 trenches has been completed. Sampling of this work is about 80 per cent complete. The trenches vary from a few metres to over 100 metres in length and 1.0 to 1.5 metres in width. Overburden depths (surface cover) range from 0.5 metres to over 3.0 metres in depth. Outcrop for sampling was encountered in 90 per cent of the trenches.

The trench sample results are coming in. Although only 20 per cent have been received, their gold numbers have been very instructive in the initial selection of drill holes for start-up. Because the initial trench sample results received are not complete or contiguous to either the York-Viking or Nordic zones, reporting of the sampling results is contingent on geological interpretations and sampling result continuity. All results will be reported.

In 2000, Goldcliff staked the Panorama Ridge property and discovered gold skarn sedex-strata-bound mineralization. The Panorama Ridge property is located to the east of the previously-mined Nickel Plate-Mascot gold mine (1904-1996) that once produced 2.5 million ounces of gold. The gold grade values discovered at Panorama Ridge and geology are comparable to those gold zones mined from the Nickel Plate-Mascot gold mine orebodies.

In 2002, Goldcliff extended its surface prospecting based on the encouraging gold results from the 2001 work at Panorama.

In 2003, Goldcliff had its first major drilling discovery at the York-Viking zone at Panorama. Drill hole DDH23003 intersected a high-grade gold section averaging 2.77 grams per tonne gold (g/t) over 10.00 metres. The high-grade occurs within a 46.00 metre intersection grading 1.24 g/t gold. The gold mineralized zone (GMZ) in the hole covers 82.51 metres grading 0.88 g/t gold. The higher gold values range up to 7.65 g/t gold.

In 2004, Goldcliff's drilling intersected the highest-grade gold values of 34.30 g/t gold at the York-Viking zone in drill hole DDH24023. Trenching within the drill area reported 1.13 g/t gold over a total length of 77.40 metres. Contained within this section of gold mineralization is 1.70 g/t gold over 23.00 metres. Individual one metre samples as high as 6.31 g/t gold occur.

For 2005, exploration trenching and drilling are focusing on the high-grade gold potential of the sedex-strata-bound gold skarn mineralization at the York-Viking and Nordic zones. Trench samples are currently being assayed.

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.


Leonard W. Saleken, PGeo, President

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