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White Cliff Minerals upgrades gold and copper resources in the Kyrgyz Republic

Published: 11:04 30 May 2018 AEST

project map
Exploration has recommenced

White Cliff Minerals Ltd (ASX:WCN) has upgraded the inferred gold resource for its Aucu Project in the Kyrgyz Republic to 2.95 million tonnes at 5.1 g/t gold containing 484,000 ounces of gold.

The new resource represents a 60% increase in ounces of contained gold over the previous gold resource of 302,000 ounces reported in April 2017.

White Cliff has also revealed an updated inferred copper resource for the Chanach Copper deposit of 17.2 million tonnes at 0.37% copper for 64,000 tonnes of contained copper.

The new inferred copper resource represents a 46% increase in contained copper over the previous contained copper resource of 44,870 tonnes reported in April 2017.

Resource remains open along strike and at depth

It is worth noting that the gold and copper inferred resources start at surface, have only been shallowly drilled in most areas and remain open along strike and at depth.

The reported gold resources represent less than 5% of mineralised faults identified by rock-chip sampling within the Aucu Project tenements to date.

About 95% of the mineralised faults identified by rock-chip sampling are still to be drilled.

The gold-bearing mineralised structures extend beyond the current resource estimate area over a length greater than 3,000 metres and occur as multiple lodes.

Exploration recommenced

The company has recommenced exploration with the establishment of the field camp and is currently conducting an extensive soil geochemical survey to refine gold, copper and lead-zinc anomalies.

White Cliff managing director Todd Hibberd said: “The 60% increase in the JORC code compliant inferred gold resource from 302,000 ounces to 484,000 ounces based on a small drilling program indicates just how prospective the project actually it.

“The quality of the current resource combined with the rock chip and soil geochemical sampling of the extensive mineralised systems shows that the Aucu gold project has significant potential for substantially more gold and copper resources to be identified from further drilling.”

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