Goldcliff Reviews Kettle Valley Drilling
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]
July 28, 2022
GOLDCLIFF REVIEWS KETTLE VALLEY DRILLING
Vancouver, B.C. – George Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the
“Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS) reports that all analytical results have been
received for the five NQ size diamond drill holes (1,500m) completed in April 2022 on the Kettle
Valley gold/silver (Au/Ag) project in southern B.C. This was a reconnaissance drill program
conducted from the currently available infrastructure (logging roads). The wide spaced holes
spanning 550 metres from north to south were drilled easterly at shallow angles (45 deg). The
objective was to test a portion of the nearly one kilometre long, well defined north-south trending
Au/Ag soil and rock geochemical anomaly.
Drilling provided important geologic information in the quest to locate a new epithermal gold/silver
deposit. Epithermal Au/Ag deposits are structurally controlled with mineralization often occurring
within discrete elevation ranges. All holes encountered one or more structures ranging from <1m
up to 17.65m (core length). Structures often occur as brecciation along with strong silicification,
carbonate alteration, and pyritization all indicative of intense hydrothermal activity.
The epithermal zones did not yield a “discovery intercept” and surprisingly did not carry significant
precious metals, with Au/Ag values ranging from background to mildly anomalous. There were
however, discrete mineralized sections such as in holes KV22-01 and KV22-05 near the southern
end of the area tested. At 58.0m in hole KV22-01, a 1.50m interval assayed 0.257g/t Au and
further downhole starting at 126.50m a 9.5m section graded 0.297g/t Au and 5.92g/t Ag. Contained
within this interval is a 1.50m sample grading 1.272g/t Au and 11.42g/t Ag. In KV22-05 located
85m north a 1.50m interval at 48.5m downhole graded 0.237g/t Au and occurs near the same
elevation as the upper intercept in KV22-01.
Although “epithermal type” structures were intersected the drilling may have been below the
favourable elevations of such mineral systems. When viewed in section the drill holes were from 70
to over 250m below the Cliff Zone soil anomalies and bedrock mineralization.
All holes encountered “basement” granites and were terminated in these rocks. The granites vary
in composition and texture, likely indicating different phases or pulses. All were fractured, often
sericite altered, and contained local quartz-calcite veining but did not carry precious metals values.
Late in the program prospecting of mineralized epithermal breccia float led to the discovery of the
bedrock source. Located at the current southern extent of the “Cliff Zone” a bedrock sample
yielded 0.098g/t Au and 3.26g/t Ag. Prospecting revealed the Cliff Zone in this area has a potential
east-west extent (width) of ~90m which is much more than seen elsewhere. This area is very
significant not only for the size but that the zone appears to extend southerly beneath young
volcanic cover.
As stated, the 2022 drilling program took advantage of existing logging roads and only utilized five
of the Company’s twenty permitted drill sites. During the program the feasibility of constructing a
drill access road to the top of the Cliff Zone was examined. This would allow any future exploration
and drilling to be near the height of land, directly over the soil/rock geochemical anomalies,
mineralized bedrock occurrences and in the potentially favourable elevation levels of the
epithermal system. Goldcliff plans further detailed prospecting over the areas of soil/rock
geochemical anomalies and mineralized bedrock occurrences.
QA/QC
The Company employed a quality assurance/quality control (QA/QC) program including the
insertion of blanks, standards, and duplicates. Drill core samples were cut longitudinally using a
diamond-blade rock saw. Half of the core was collected in labelled and tagged poly bags that were
sealed with single use ties. The remainder of the core was retained in the original core box for
permanent storage. Most sample lengths ranged from 1 to 2 metres and were controlled by
mineralization, alteration and lithologic and/or structural contacts. Core samples were delivered to
a commercial shipper in Kelowna for transport to MSA Labs in Langley, BC.
MSA Labs is an analytical facility that meets the requirements of AC89, IAS Accreditation Criteria
for Testing Laboratories and has demonstrated compliance with ISO/IEC Standard 17025:2017.
Sample preparation (Method PRP-910) involves drying, crushing to 70% passing 2mm splitting off
250 grams which is then pulverized to 85% passing 75 microns. Forty gram samples were digested
by 1:1 Aqua Regia and analyzed by multi-element ICP-AES/MS (Method IMS112). Samples
reporting >100 ppb gold were Fire Assayed using a 30 gm sample.
CORPORATE MATTERS
At the Company’s Annual General Meeting held April 28, 2022 all items were passed including
approval by shareholders of the Company’s Rolling 10% Stock Option Plan.
Warner Gruenwald, P. Geo., a qualified person as defined by National Instrument 43-101, has
approved the technical content of this news 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
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.