Goldcliff Resource Corporation

Goldcliff Resource Corporation

February 10, 2011 13:23 ET

Goldcliff Develops Whipsaw Target at Tulameen

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 10, 2011) - George Sanders, President of Goldcliff Resource Corporation (TSX VENTURE:GCN), reports that, of the six targets currently developed on the Tulameen Project, the Whipsaw area has emerged as the highest priority target for porphyry copper deposit discovery potential. The Tulameen Project claims are a contiguous block of 29,872 hectares located in the Princeton mining district in British Columbia, Canada, The claim block, which is 100-per cent-owned by Goldcliff, is west of Highway #3 and situated between the Copper Mountain and Whipsaw copper camps. The 40 square kilometres Whipsaw Target area is within the SW-NE Copper Mountain copper trend and demonstrates a strong correlation of geological, geochemical and geophysical features associated with copper porphyry deposit discovery.

Goldcliff has developed six targets on the Tulameen Project that have porphyry copper deposit discovery potential. The project area is underlain by Upper Triassic Nicola Group sediment and volcanic rocks that have been intruded by Copper Mountain diorite intrusions. The Copper Mountain orebodies are located to the northeast of the project. Goldcliff's claims contain several copper-silver-gold showings, including the Nev, Wilmac and Lam showings. The Whipsaw Target, which covers 40 square kilometres and is centrally situated along the Copper Mountain SW-NE copper trend, is the highest priority exploration target.

The Whipsaw Target area contains the Nev, Eagle and Raven malachite copper showings, along with a weak copper soil geochemical anomaly. Goldcliff has prospected these showings, as well as much of the claim block, and conducted geochemical sampling. The Goldcliff stream sediment geochemical anomalous values in the Whipsaw Target area are moderate in copper, strong in gold and weak in silver. The other base metals are weak to moderate (Mo, Ni, Pb, Zn). The significant pathfinder elements are moderate to strong (As, Bi, Co, Sb). The Goldcliff multi-sensor airborne geophysical survey has detected a strong airborne magnetic response that is similar to the magnetic response at Copper Mountain. Along the peripheries of the Whipsaw Target area are numerous copper showings that contain malachite, chalcopyrite, bornite and chalcocite, along with other base and precious metals. Goldcliff's Nev, Eagle and Raven copper showings are along the Copper Mountain copper trend.

The Whipsaw copper camp is southwest of the Goldcliff claim block. The camp contains several showings of copper, gold, silver, molyb­denum, zinc and lead mineralization, including the BZ porphyry copper-gold zone. The mineralization is related to the Otter porphyry stock. This Late Cretaceous to Middle Tertiary stock intrudes the mineralized contact between the Upper Triassic Nicola Group sediment and volcanic rocks and the Jurassic-Cretaceous Eagle granodi­orite. Copper, molybdenum and gold mineralization occurs mainly in the Nicola Group rocks, and is related spatially to the peripheries of the Otter porphyry stock. The drilling programs (9,163 metres) over the years have outlined extensive areas of 0.2-0.3% copper porphyry mineralization accompanied by molybdenum and gold. The Whipsaw copper camp has a similarly strong airborne magnetic response to that present at the Copper Mountain copper deposits and the Goldcliff Whipsaw Target.

Leonard W. Saleken, PGeo (geologist), Edwin R. Rockel, PGeo (geophysicist), and Sam Zastavnikovich, PGeo (geochemist), are the qualified persons 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

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