Goldcliff Resource Corporation
TSX VENTURE : GCN

Goldcliff Resource Corporation

March 23, 2006 16:26 ET

Goldcliff Resource Corporation: York-Viking Zone Continues to Expand in Gold and Silver Grades

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 23, 2006) - Goldcliff Resource Corporation (TSX VENTURE:GCN) reports significant assay results from the drilling at the Panorama Ridge property, York-Viking gold zone, in the Hedley Gold Basin, British Columbia, Canada. In 2005, Goldcliff drilled 1,211 metres in 13 core drill holes. These drilling results continue to expand the mineralized zone and confirm that gold and silver mineralization occurs throughout the York-Viking zone.

The York-Viking zone drilling results that relate to section 9945N are highlighted by 0.70 grams per tonne gold (g/t) and 0.3 g/t silver over a drill intercept of 68.49 metres (m) -- a highlight of which is 1.84 g/t gold and 1.1 g/t silver over 5.52 metres. High-grade values of 5.84 g/t gold and 3.0 g/t silver are intersected in the drilling.

The significantly strong drilling and trenching results at the York-Viking gold zone (YVZ) successfully establishes that gold and silver mineralization occurs concurrently at depth and on the surface. Section 9945N in the YVZ has two 2005 drill holes to demonstrate the continuity of gold and silver grades at depth. The following table lists gold and silver values for the section:



DDH (#) From (m) To (m) Interval (m) Au (g/t) Ag (g/t)
25046 3.66 72.15 68.49 0.70 0.3
Includes 3.89 20.36 16.74 0.95 0.3
And 3.89 14.93 11.04 1.06 0.3
And 3.89 11.12 7.23 1.54 0.3
And 4.89 8.90 4.01 2.08 0.4
And 6.89 8.90 2.01 2.37 0.4
And 7.89 8.90 1.01 2.46 0.5
Includes 29.77 62.89 33.12 0.84 0.3
And 33.77 61.89 28.12 0.94 0.4
And 38.77 61.89 23.12 1.01 0.4
And 52.77 61.89 9.12 1.14 0.8
And 54.37 61.89 7.52 1.40 0.9
And 56.37 61.89 5.52 1.84 1.1
And 58.89 61.89 3.00 2.54 1.3
And 60.89 61.89 1.00 5.84 3.0

25047 4.00 44.64 40.64 0.50 0.3
Includes 4.00 32.64 28.64 0.65 0.3
And 4.00 13.49 9.49 0.87 0.3
And 4.00 11.59 7.59 1.03 0.3
And 4.00 9.59 5.59 1.27 0.3
And 4.00 6.00 2.00 1.91 0.3
And 5.00 6.00 1.00 2.70 0.3
Includes 14.64 36.64 22.00 0.50 0.3
And 16.64 32.64 16.00 0.60 0.3
And 16.64 27.64 11.00 0.73 0.3
And 16.64 24.64 8.00 0.88 0.4
And 16.64 21.64 5.00 1.03 0.4
And 17.64 20.64 3.00 1.10 0.3
And 17.64 18.64 1.00 1.18 0.3

The drill hole data for section 9945N is as follows:

Easting Northing Azimuth Dip
DDH (#) (Utm) (Utm) (degrees) (degrees) Depth (m)
25046 284098.60 5473090.60 320 -60 99.67
25047 284098.60 5473090.60 140 -70 99.67


Additional assays for the remaining YVZ and the Nordic zones' drill holes are pending.

In summary, gold results are consistent with the Panorama gold deposit model - a world-class, sedimentary, strata-bound gold skarn deposit with an important silver grade component. The gold and silver mineralization at YVZ occurs concurrently on the surface and at depth.

The total silver production at the Nickel Plate-Mascot mine (1904-1996) was 18,480,903 grams (594,175 ounces) at an average grade of 1.09 g/t silver. During the mining, silver grades ranged from 0.48 to 4.09 g/t silver (BC Minfile Reports 092HSE036 & 092HSE038).

Eco Tech Laboratory Ltd. of Kamloops, B.C., an accredited laboratory, is conducting the sample preparation and analyses. 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.

GOLDCLIFF RESOURCE CORPORATION

Leonard W. Saleken, PGeo, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this news release.

Contact Information