New Gold Targets Generated from Recent Sampling and Review of Historic Data at Panorama Ridge
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 31, 2023
New Gold Targets Generated from Recent Sampling and Review of Historic
Data at Panorama Ridge
Vancouver, B.C. – George Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the
“Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS) reports that an analysis of recent sampling as
part of a detailed review of historic data has revealed new high priority targets for additional gold
mineralization at the Company’s 100% owned Panorama Ridge property near Hedley, B.C.
Prospecting, soil, sediment and rock sampling were undertaken in September 2022. Sampling
results, including 6.76 g/t Au and 5.02 g/t Au from rock sampling of float specimens, were
discussed in Goldcliff News Release dated February 6, 2023. The recently filed Assessment
Report discussing the September 2022 programme included a detailed review of all historic data
from Panorama Ridge. The recent sampling results are therefore able to be better understood in
the context of the known gold mineralization at Panorama Ridge.
The data base for Panorama Ridge is extensive. After staking the property in 2000, Goldcliff
conducted several seasons of exploration including stream sediment and soil sampling, magnetic
and electromagnetic surveying, trench excavation and channel sampling of trenches, outcrops and
old workings. Core drilling was begun in 2003 with several programmes conducted until 2008. To
date, 196 trenches with 6,198.8 lineal metres of trenches have been excavated and sampled on
Panorama Ridge, along with 190 core drill holes totaling 16,611 metres. Trenching and drilling
outlined significant gold mineralization at the Tower, York-Viking, Thor and Nordic zones.
Much of Goldcliff’s recent exploration has been in areas with new logging road access and in new
cut blocks. During the Company’s earlier programmes many of these areas were not easily
accessed and were covered with overburden. Analyzed in the context of all previous exploration
activities, the recent sampling has yielded three high priority targets for finding additional gold
mineralization.
Most compelling is the Pillar target which occupies the north westerly facing slope of Panorama
Ridge, south of the York zone. Previously, this target area had little to no access and was heavily
timbered. Ten old pits and trenches were identified likely dating to the early 1900’s. The area of
these pits has not yet been thoroughly investigated or sampled.
Further detailed prospecting and geochemical and geophysical surveys are recommended to
advance the priority targets to trenching and drilling stage.
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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“forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events
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reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from
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