Pine Grove Permitting Progresses
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]
March 27, 2018
PINE GROVE PERMITTING PROGRESSES
VANCOUVER, B.C. Goldcliff Resource Corporation (“Goldcliff” or “the Company) (GCN: TSX.V,
GCFFF: OTCBB PINKS) and joint venture partner Lincoln Mining Corp are pleased to provide an
update on the ongoing mine permitting process at the Pine Grove gold project in Lyon County,
Nevada. The Pine Grove project is being permitted as a 3,000 ton per day open pit/heap leach
operation with the possibility of underground mining in the future. The main process plant will be a
simple heap leach with solutions reporting to carbon columns and gold being recovered from the
carbon off site. In addition to the heap leach process, the partners are planning a 200 ton/day
milling and gravity recovery operation designed to recover gold from expected high grade zones.
Historic production from Pine Grove in the 1880s and 1890’s indicates an average recovered
grade in excess of one (1) ounce per ton of gold.
The goal of the partners is to have Pine Grove ready for production, subject to permitting approvals
and a positive feasibility study, by H2 2020. While Nevada is considered the most mining friendly
jurisdiction in the United States, the permit process remains lengthy and detailed. The lead
agency is the US Forest Service. State and County agencies which are involved in the process
have also been consulted.
A Plan of Operations is progressing under the guidance of Welsh Hagen Associates and Kappes
Cassiday and Associates. Upon submission to the regulatory authorities, expected in August, the
partners will be instructed on the information and detail that must be included in its Environmental
Impact Statement (EIS). Since 2009 Lincoln has had Stantec Consulting Services Inc. conducting
environmental baseline studies at the project site. These studies have included wildlife surveys,
botanical surveys, cultural surveys, geochemical characterization studies of potential waste and
mineralization, jurisdictional water studies, seeps and springs survey, and meteorological data
collection. A hydrological study is planned once exploratory water wells are completed. This study
will include a conceptual site model. In addition, archaeological and cultural resource studies are
ongoing.
The partners are presently awaiting US Forest Service approval and final Bonding determination
for geotechnical work which includes water well exploration drilling, condemnation drilling, auger
drilling and various test pits for engineering purposes. Oriented core drilling is also planned to
determine pit wall stability parameters.
Goldcliff employs the phased production business model which focuses on near term cash flow
which will then fund full asset development. Given the long lead time nature of permitting it is
prudent for the partners to focus resources on this activity. A drill program on the Wilson deposit
and reconnaissance sampling of an area of prospective geology, both undertaken in late 2016 (see
Goldcliff News Releases dated Jan 12, 2017 and Feb 9, 2017) clearly demonstrate that the known
resource mineralization is open and untested and that other areas of the property also contain
resource grade mineralization. Resource expansion and exploration potential at Pine Grove are
excellent and will be tested once permitting work is well advanced.
Paul Saxton, P. Eng. Director of Goldcliff is a "qualified person" under National Instrument 43-101,
and has reviewed and approved the scientific and technical information contained in 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
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