Goldcliff Expands Ainsworth Silver Holdings
www.goldcliff.com
#400 – 789 W. Pender St.
Vancouver, B.C. V6C 1H2
Phone: 250-764-8879
Toll Free: 866-769-4802
GCN.TSXV www.directroyalty.com [email protected]
May 15, 2024
GOLDCLIFF EXPANDS AINSWORTH SILVER HOLDINGS
Vancouver, B.C. – George Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the
“Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS) reports the Company has acquired by staking
an additional 6 strategic claims adjoining it’s significant 100% owned land holding in the historic
Ainsworth silver camp, located near Kaslo, B.C.
The new claims were strategically located to cover a length of the No 1 limestone unit where it
contacts the eastern extension of the Nelson batholith. These new claims cover the favourable
limestone which hosts the former high grade producing Skyline deposit, which is currently held
under Crown Grant by another party.
Mineralization in the Ainsworth camp, most notably at the high grade No 1 and Silver Hoard mines,
occurs as replacement in limestone units that strike north south. These units are contained within a
series of north trending fault slices that are parallel from east to west. High grade silver
mineralization occurs at the contact between limestone and argillite and is concentrated in folds.
Cross cutting structures appear to be important. Favourable limestone units ascend the mountains
on the west side of Kootenay Lake until they come in contact with the Nelson batholith. Historical
silver occurrences in the favourable limestone increase in grade closer to the intrusive from east to
west.
Most exploration and development activity in the Ainsworth camp took place between 1890 and
1920. The popular methodology of the time was to open mineral showings with prospecting pits, to
excavate shallow shafts and/or to crosscut or drift beneath showings. Drilling technology of that era
did not allow for deeper drill holes beyond 100 metres. As such, the district has never been
explored in detail and at depth for larger carbonate replacement deposits. The Goldcliff land
position at Ainsworth therefore presents two compelling silver exploration target scenarios. The
first and more immediate objective is to locate extensions of near surface high grade silver
mineralization. Longer term targets will be to test this productive geology for deeper, silver rich
carbonate replacement deposits. The Company’s geologic team is continuing to evaluate
Goldcliff’s previous work and all historic data. A detailed exploration program will be presented in
the near term.
At the Company’s Annual General and Special Meeting of Shareholders held May 2, 2024, all
items were approved, specifically the re-election of Directors, the appointment of Auditors and the
Company’s 10% Rolling Stock Option Plan.
Goldcliff is a multi asset exploration and development company focused on projects where a
bootstrap development strategy may be applicable. Current active projects include the Kettle
Valley gold/silver, Panorama Ridge gold and Ainsworth silver properties in B.C. and the Nevada
Rand gold/silver and Aurora West gold properties in Nevada.
Ed Rockel, P. Geo, qualified person as defined by National Instrument 43-101 supervised the
preparation and verification of the technical information contained in this release.
For further information, please contact George W. Sanders, President, at 250-764-8879, toll free at
1-866-769-4802 or email at [email protected].
GOLDCLIFF RESOURCE CORPORATION
Per: “George W. Sanders”
George W. Sanders, President
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responsibility for the adequacy or the accuracy of this news release.