Goldcliff Resource Corporation

Goldcliff Resource Corporation

September 05, 2007 17:27 ET

Goldcliff Exploration Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 5, 2007) - George W. Sanders, President of Goldcliff Resource Corporation (TSX VENTURE:GCN), is pleased to report that the Company's 2007 exploration programs are on budget and on schedule. Goldcliff has committed $1,550,000 to exploration on several of its 100-per-cent-owned properties in British Columbia, Canada. The exploration is being conducted on Panorama Ridge (gold), Ainsworth (silver and molybdenum) and Big Sheep Creek (uranium). The Company has also identified new properties of merit for acquisition.

The exploration at the Panorama Ridge property, located in the historical gold district of Hedley, is advancing ahead of schedule with trenching and drilling in progress. To date, 590 metres of trenching in 20 trenches has been excavated and the channel sampling completed. To date, the drilling program has completed 19 core holes for a total of 1,700 metres. Goldcliff's exploration objective for 2007 on the Panorama Ridge gold property is to advance from the gold-discovery-exploration-drill stage to the gold-resource-definition-stage. Having identified the gold mineralized zones in the previous gold-discovery-exploration-drill stage, the gold-resource-definition-stage will measure the volume of gold content in these zones. The Company is confident that the gold mineralization encountered at the York-Viking and Nordic gold zones in surface trenching and in drilling represents potentially economic gold grades. The trench samples are in for assay and the core is being cut.

On the Ainsworth properties (silver and molybdenum), located in the Selkirk and Purcell Mountains of the Kootenay Lake region, the airborne geophysical survey program has been completed by Fugro Airborne Surveys Corporation (Toronto, Canada). The airborne geophysical survey accumulated 1200 line kilometres of data consisting of magnetic, electromagnetic and radiometric coverage. The preliminary interpretation of the geophysical data has identified several anomalies. A field crew is conducting follow-up prospecting and geochemical sampling.

On the Big Sheep Creek uranium property, a 32,388 hectare claim block underlain by an Eocene Coryell plutonic suite of syenitic to monzonitic intrusive rocks, the airborne geophysical survey program has been delayed and is scheduled for early October. Prospecting and geochemical stream sampling is planned for mid September. The geochemical stream sampling will be a follow-up to the anomalous uranium values identified by the regional stream sediment sampling program (RGS 1976-1977) carried out by the British Columbia Geological Survey, which returned a number of anomalous uranium values, including two samples exceeding 300 parts per million or 0.03 per cent uranium.

Goldcliff has identified the streams where the RGS uranium anomalies occur. The majority of the anomalous uranium values occur along or near a major north-south geological structure and within a geophysical regional magnetic low. The regional magnetic low is within the intrusive rocks and has been interpreted to be an alteration feature that could be associated with the uranium mineralization.

Goldcliff has interpreted the Big Sheep Creek property as having a geological setting that is similar to the "granitic-intrusive-uranium model". This uranium mineralization model is a well-defined model for uranium deposition, the best known of which is the bulk tonnage Rossing deposit in Namibia, Africa, where uranium ore grades are in the 300 ppm uranium range (0.03 per cent uranium).

Edwin R. Rockel, PGeo, geophysicist, and Leonard W. Saleken, PGeo, geologist, 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 and Director

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