Goldcliff Resource Corporation

Goldcliff Resource Corporation

March 29, 2011 20:56 ET

Goldcliff Resource Corporation: Tulameen-Whipsaw Target Exploration Underway

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 29, 2011) - George Sanders, President of Goldcliff Resource Corporation (TSX VENTURE:GCN), reports that geophysical exploration is underway on the Whipsaw Target on the Tulameen Project. 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. The Tulameen Project claims are a contiguous block of 29,872 hectares located in the Princeton mining district, Copper Mountain camp, 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 77 line-kilometres, 3-D IP geophysical survey is designed to delineate sub-surface copper mineralization that is observed on surface and predicted at depth. The 3-D IP survey parameters are designed to provide good resolution for both near surface and deep sulphide mineralization. Line surveying is currently under way, with IP surveying to follow as line location and cutting progresses.

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 rocks that have been intruded by Copper Mountain diorite. 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.

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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