Goldcliff Resource Corporation

Goldcliff Resource Corporation

May 16, 2012 20:14 ET

Goldcliff Whipsaw Copper Porphyry Target Expands

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 16, 2012) - George Sanders, President of Goldcliff Resource Corporation (TSX VENTURE:GCN), reports that Goldcliff has acquired the Goldrop claims and, consequently, the Goldrop copper-silver-gold-lead-zinc showing. The claims adjoin Goldcliff's 26,333 hectare Tulameen Project, the company's 100 per-cent owned holdings in the Copper Mountain district near Princeton, British Columbia, Canada.

The Goldrop showing is highlighted by surface and drill sample values of 0.77% copper, 1.30 grams per tonne silver, 0.14 grams per tonne gold and 8.85% zinc. Favourably comparable to the mineralization of the Copper Mountain porphyry mine system located seven kilometres to the northeast, the Goldrop mineralization adds to the discovery-potential, on surface and to deeper depths, of the Whipsaw target area copper porphyry systems.

The Whipsaw target is host to several mineralized showings that are important to the overall exploration potential of the Whipsaw porphyry copper target area. The interpreted exploration surface area is estimated to be 2.5 by 4.5 kilometres. The 3D-IP chargeability response at Whipsaw indicates disseminated sulphide mineralization down to depths of 500 metres. The dimensions of the Whipsaw target are also similar to the Copper Mountain mine target.

In addition to the Goldrop, there are several other surface mineralized showings associated with the Whipsaw target that enhance its exploration potential for a new porphyry copper discovery in the Copper Mountain district. The Trojan copper showing, which was discovered in 2011, is highlighted by 0.655% copper, 4.8 grams per tonne silver and 0.08 grams per tonne gold overlying a deep chargeability anomaly. The Eagle showing, discovered in 1974, is located up slope from the Trojan and is highlighted by 0.175% copper and 1.0 grams per tonne silver. The Nev and Raven showings, also discovered in 1974, are located north of the Trojan and Eagle showing. The Nev is highlighted by 0.231% copper and 0.2 grams per tonne silver. The Raven is highlighted by 0.353% copper, 0.8 grams per tonne silver and 0.165 grams per tonne gold. The copper mineralization associated with the showings is chalcopyrite and malachite accompanied by pyrite and pyrrhotite along with magnetite.

The Whipsaw target area is located along the Copper Mountain south-west copper trend, approximately seven kilometres southwest of the Copper Mountain ore bodies. For 2012 exploration, trenching and drilling are scheduled on the Whipsaw target.

Leonard W. Saleken, P.Geo. (geologist), Grant F. Crooker, P.Geo. (geologist), and Edwin R. Rockel, P.Geo. (geophysicist), are the qualified persons as defined by National Instrument 43-101 who supervised the preparation and verification of the technical information in this release. The qualified persons for this report are registered professional geoscientist with the Association of Professional Engineers and Geoscientists of British Columbia.


George W. Sanders, President and Director

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