logo-loader
White Cliff Minerals Ltd

White Cliff Minerals finds visible gold in trenching, shares up

Preliminary results are very positive with lab assays expected in February 2019.

visible gold in samples
Notably, visible gold was detected in 62 samples out of the 65 samples collected

White Cliff Minerals Ltd (ASX:WCN) has identified visible gold in bulk samples collected in December 2018 from its Aucu Gold Project in the Kyrgyz Republic.

The company undertook a bulk sampling program along a 450-metre section of the Chanach river alluvial terraces located 1 kilometre downstream from the Aucu Gold deposit.

The objective of the sampling program was to assess the placer gold potential of the 16-kilometre long river system.

Visible gold was detected in 62 samples out of the 65 samples collected.

The samples collected have been submitted to the lab for analysis with results expected in late February.

Shares are up 37.5% to 2.2 cents intra-day.

READ: White Cliff Minerals takes stock of battery metals and gold assets including high-grade Aucu project

The company expects to re-commence exploration activity in March after it paused in December due to heavy winter snows.

The Aucu Project hosts 2.95 million tonnes grading 5.1 g/t gold for 484,000 ounces of contained gold.

The project also contains 17.2 million tonnes at 0.36% copper containing 64,000 tonnes of copper.

The drilling defining these resources has tested less than 5% of the identified mineralised structures and is currently open in all directions.

Quick facts: White Cliff Minerals Ltd

Price: $0.01

Market: ASX
Market Cap: $3.29 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of White Cliff Minerals Ltd named herein, including the promotion by the Company of White Cliff Minerals Ltd in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

White Cliff Minerals returns positive drill results at Coglia Well

Increased demand for lithium-ion batteries has more that doubled the price of cobalt over the past year, with looming shortages set to push prices even higher. White Cliff Minerals (ASX:WCN) is a cobalt exploration company that has just had some promising drilling results from its Coglia...

on 19/7/18

2 min read