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Goldcliff Resource Corporation: Sampling Expands High Grade Gold Zone at Bonanza Trench

  • Press Release
  • Source: Goldcliff Resource Corporation
  • On 3:25 pm EST, Thursday December 4, 2008

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Dec 4, 2008 -- George W. Sanders, President of Goldcliff Resource Corporation (CDNX:GCN.V - News), is pleased to report that additional detailed surface sampling has greatly expanded the area of the gold mineralization at the Bonanza Trench, York-Viking zone. A large stripped area measuring 156 square metres (12.0 by 13.0 metres) was sampled in detail at one metre intervals. These 518 surface cut channel samples returned an average grade of 3.31 grams per tonne gold over the surface area. The Bonanza Trench is the site of previously reported multi-ounce bonanza gold grades on the Company's 100%-owned Panorama Ridge property, which is located near Hedley, B.C.

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Chart for GOLDCLIFF RESOURCE CORPORATION
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The Bonanza Trench area contains multi-ounce bonanza gold grades (as previously reported on August 20, 2008), and is highlighted by the high-grade value of 17.368 ounce per ton gold (595.55 grams per tonne gold). The high-grade gold values form the nucleus of higher grade mineralization that is contained within a 27.0 square metre (3.0 by 9.0 metres) zone, in which 152 samples returned values of 10.85 grams per tonne gold. Included within this high- grade mineralization zone is an even higher grade zone of 8.0 square metres (2.0 by 4.0 metres), in which 64 samples returned values of 25.20 grams per tonne gold. In addition to the previously reported bonanza gold grades, the large stripped area has two individual samples assaying 13.90 and 52.30 grams per tonne gold.

The area of the Bonanza Trench has demonstrated the existences of not only multi ounce, high grade gold pockets, but also consistent elevated bulk tonnage gold grades over a large area. This grade of 3.31 grams per tonne gold enhances the overall bulk tonnage grade of the York-Viking zone.

In September and October, the Bonanza Trench area was drilled from two drill sites and several of the holes have been submitted for assay.

The Bonanza Trench area occurs in the southwest, downslope portion of the York-Viking zone. The York-Viking gold zone is the largest of several gold zones discovered on the Panorama Ridge property. The Panorama Ridge property is located four kilometers east of the historic Nickel Plate-Mascot mines that once produced 2.5 million ounces of gold. The Panorama Ridge property was discovered in 2000 when Goldcliff prospected new logging road outcrops. The property has mine-related infrastructure and is readily accessed by roads. Goldcliff has identified multiple gold zones that have economic potential.

The Panorama Ridge property contains a large surface area of gold mineralization related to silica-iron alteration (skarn) in sedimentary rocks from the Hedley Formation of the Triassic Nicola Group. The gold mineralization is related to the skarn alteration and occurs over an area of approximately two square kilometres. Contained in the alteration area from northeast to southwest are the Nordic, York-Viking and Tower gold zones. These zones are separate entities occurring over a distance of approximately 1,000 metres. The trenching and drilling have narrowed the gap between the zones.

Eco Tech Laboratory Ltd. of Kamloops, B.C., a subsidiary of Alex Stewart Group Ltd., an accredited laboratory, is conducting the sample preparation and analysis. All sample analysis is 30 gram fire assay-A.A. finish for gold and 35 multi-element ICPMS. The sample stream is subject to check analysis on repeat and re-split samples, and standards to maintain quality control.

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

George W. Sanders, President, Director



The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this news release, gcnnews2819.

Contact:

     Contacts:
Goldcliff Resource Corporation
George W. Sanders
President, Director
(250) 764-8879 or Toll Free: 1-866-769-4802
(604) 261-8994 (FAX)
Email: sanders@goldcliff.com or info@goldcliff.com
Website: http://www.goldcliff.com
 

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