RECONNAISSANCE SAMPLING, INCLUDING 10.9 g/t GOLD, CONFIRMS EXPLORATION POTENTIAL AT PINE GROVE, NEVADA George W. Sanders, President of Goldcliff Resource Corporation (GCN TSX.V; GCFFF OTC Pinks) (the Company) is pleased to report that recently received surface sampling gold values
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January 12, 2017
RECONNAISSANCE SAMPLING, INCLUDING 10.9 g/t GOLD, CONFIRMS
EXPLORATION POTENTIAL AT PINE GROVE, NEVADA
George W. Sanders, President of Goldcliff Resource Corporation (GCN TSX.V; GCFFF OTC
Pinks) (the Company) is pleased to report that recently received surface sampling gold values
confirm the exploration potential of the Pine Grove property beyond the areas of the drilled
resources. The current Measured and Indicated resource of 3,060,000 tonnes grading 1.37 g/t gold
(Amended & Restated Technical Report, February 4, 2015 by Telesto) occurs in two distinct
deposits, one on the Wilson patented claims and one on the Wheeler patented claims. Beyond the
two patented claim blocks there are several areas of favourable rock type and structure that have
strong exploration potential. The recent reconnaissance program confirms this potential and gold
values returned are consistent with grades found in the Measured and Indicated resource.
Field work focused on the northern flank of a high ridge, approximately 3,000 ft (914 m) south of the
Wheeler gold deposit. Sampling was concentrated on a steep ridge between two semi-parallel, north
trending topographic lineaments that cut Jurassic granodiorite. Granodiorite is the preferred host
rock at Pine Grove. Sixteen grab samples were collected from various old prospect dumps (early
1900’s) along the steep ridge that were previously sampled by Teck Resources in the early 1990’s
and found to be anomalous in gold. Of the 16 samples collected by geologists for project operator
Lincoln Mining Corporation, seven returned assays greater than 0.5 g/t gold. The anomalous gold
samples returned values of 0.516, 0.638, 0.772, 1.31, 1.52, 1.91, and 10.9 g/t Au. The higher grade
10.9 g/t sample is consistent with Pine Grove mineralization where previous drilling has encountered
zones of high grade including multi ounce values. Anomalous copper is also present and is a
characteristic of the Pine Grove gold system. High copper values included 1410, 1435, 1775 ppm
Cu and 1.83% and 2.75% Cu.
This new target area is on the Southern Cross lode claims and is 100% controlled by the Pine Grove
Joint Venture. Goldcliff is earning a 40% Joint Venture interest from Lincoln Mining Corporation by
spending US$ 1.4 million over three years. The Southern Cross target has not yet been trenched or
drilled.
In early 2017, the Joint Venture will focus on detailed permitting and preparation of a Plan of
Operations submission to State and Federal regulators. Assay results from the recent step out drill
program on the Wilson patented claims should be received by the middle of the first quarter and will
be incorporated into the resource data base. Permits will be prepared and submitted for exploration
drilling on targets beyond the boundaries of the patented claims.
On December 20, 2016, the Company received notice from FINRA that Goldcliff shares can now be
quoted for trading in the United States on the OTC Pink Sheets. The US trading symbol is GCFFF.
Jeffery Wilson, Vice President of Exploration of Lincoln Mining Corporation, and a Qualified Person
under NI 43-101 has reviewed the technical disclosure 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
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.