Welcome!

News Feed Item

Reconnaissance Sampling, Including 10.9 g/t Gold, Confirms Exploration Potential at Pine Grove, Nevada

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/12/17 -- George W. Sanders, President of Goldcliff Resource Corporation (TSX VENTURE: GCN)(OTC PINK: GCFFF) (the Company) is pleased to report that recently received surface sampling gold values confirm the exploration potential of the Pine Grove property beyond the areas of the drilled resources. The current Measured and Indicated resource of 3,060,000 tonnes grading 1.37 g/t gold (Amended & Restated Technical Report, February 4, 2015 by Telesto) occurs in two distinct deposits, one on the Wilson patented claims and one on the Wheeler patented claims. Beyond the two patented claim blocks there are several areas of favourable rock type and structure that have strong exploration potential. The recent reconnaissance program confirms this potential and gold values returned are consistent with grades found in the Measured and Indicated resource.

Field work focused on the northern flank of a high ridge, approximately 3,000 ft (914 m) south of the Wheeler gold deposit. Sampling was concentrated on a steep ridge between two semi-parallel, north trending topographic lineaments that cut Jurassic granodiorite. Granodiorite is the preferred host rock at Pine Grove. Sixteen grab samples were collected from various old prospect dumps (early 1900's) along the steep ridge that were previously sampled by Teck Resources in the early 1990's and found to be anomalous in gold. Of the 16 samples collected by geologists for project operator Lincoln Mining Corporation, seven returned assays greater than 0.5 g/t gold. The anomalous gold samples returned values of 0.516, 0.638, 0.772, 1.31, 1.52, 1.91, and 10.9 g/t Au. The higher grade 10.9 g/t sample is consistent with Pine Grove mineralization where previous drilling has encountered zones of high grade including multi ounce values. Anomalous copper is also present and is a characteristic of the Pine Grove gold system. High copper values included 1410, 1435, 1775 ppm Cu and 1.83% and 2.75% Cu.

This new target area is on the Southern Cross lode claims and is 100% controlled by the Pine Grove Joint Venture. Goldcliff is earning a 40% Joint Venture interest from Lincoln Mining Corporation by spending US$ 1.4 million over three years. The Southern Cross target has not yet been trenched or drilled.

In early 2017, the Joint Venture will focus on detailed permitting and preparation of a Plan of Operations submission to State and Federal regulators. Assay results from the recent step out drill program on the Wilson patented claims should be received by the middle of the first quarter and will be incorporated into the resource data base. Permits will be prepared and submitted for exploration drilling on targets beyond the boundaries of the patented claims.

On December 20, 2016, the Company received notice from FINRA that Goldcliff shares can now be quoted for trading in the United States on the OTC Pink Sheets. The US trading symbol is GCFFF.

Jeffery Wilson, Vice President of Exploration of Lincoln Mining Corporation, and a Qualified Person under NI 43-101 has reviewed the technical disclosure contained in this news release.

GOLDCLIFF RESOURCE CORPORATION

George W. Sanders, President

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or the accuracy of this news release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, John Jelinek IV, a web developer at Linux Academy, will discuss why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Providing secure, mobile access to sensitive data sets is a critical element in realizing the full potential of cloud computing. However, large data caches remain inaccessible to edge devices for reasons of security, size, format or limited viewing capabilities. Medical imaging, computer aided design and seismic interpretation are just a few examples of industries facing this challenge. Rather than fighting for incremental gains by pulling these datasets to edge devices, we need to embrace the i...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walked through how Octob...
In his session at DevOps Summit, Tapabrata Pal, Director of Enterprise Architecture at Capital One, will tell a story about how Capital One has embraced Agile and DevOps Security practices across the Enterprise – driven by Enterprise Architecture; bringing in Development, Operations and Information Security organizations together. Capital Ones DevOpsSec practice is based upon three "pillars" – Shift-Left, Automate Everything, Dashboard Everything. Within about three years, from 100% waterfall, C...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and containers together help companies achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of Dev...
SYS-CON Events announced today that Catchpoint, a leading digital experience intelligence company, has been named “Silver Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Catchpoint Systems is a leading Digital Performance Analytics company that provides unparalleled insight into your customer-critical services to help you consistently deliver an amazing customer experience. Designed for digital business, C...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
"We formed Formation several years ago to really address the need for bring complete modernization and software-defined storage to the more classic private cloud marketplace," stated Mark Lewis, Chairman and CEO of Formation Data Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.