Tom Luxsox Coins

Ounce Gold

Goldcliff Resource Assays Breathe New Life Into Bc’s Famed Hedley Gold Basin

The foremost exploration outfit operating in the famed Hedley Gold Basin in BC has announced the best assays the region has seen since the Nickel Plate Mine stopped producing gold over a decade ago.

Goldcliff Resource Corp’s (TSX.V:GCN) share price doubled at the end of December after reporting surprising assays from the Bonanza Trench on Panorama Ridge that included one metre grading 525 grams per tonne (15.311 oz per short ton), one metre grading 168 g/t (4.899 oz per short ton) and 1.5 metres grading 6.16 g/t (0.180 oz per short ton).

The company reported that the five metre sample interval had a weighted average of over four ounces gold per short ton – or 140.21 grams gold per tonne.

These results are significant to investors because they indicate that the successful lower grade deposit the company has been busy defining since 2000 also has some accompanying high-grade components.

According to Goldcliff’s President George Sanders, this model is also backed up by historical data from other past producers. The Nickel Plate mine is located just four kilometres from Panorama Ridge. Between 1904 and 1996, the mine yielded 2.5 million ounces of gold.

“We’ve always thought that there would be and should be Nickel Plate high-grade someplace on the property,” said Sanders. “We’ve now found that high-grade. And the significance of it is a couple points – the first demonstrates that Panorama Ridge is the same geological beast as Nickel Plate Mountain which produced 2.5 million ounces.”

Another important factor about this newly discovered high-grade area is that it occurs with continuity – not just in high-grade veins, but in widely disseminated strata bound gold bodies with “dip continuity”.

Goldcliff had already proved this in 2006, with positive assays throughout the York-Viking Zone. At the time, the company reported, “Of all the 2006 holes, holes 26072 and 26073 are the highlights of the York-Viking zone. Hole 26073 is the farthest hole drilled to the southwest and contains an intersection of 1.49 grams per tonne (g/t) gold over 26.70 metres. Hole 26072 is the farthest hole drilled to the northeast and contains 2.04 g/t gold over 20.10 metres, with a high-grade intersection of 6.73 g/t gold over 4.10 metres.”

Sanders makes another important observation about the deposit. “What we also know from Nickel Plate which is important for Panorama Ridge is they didn’t just have one high-grade bed – they had several. So these things are not singular, they do repeat themselves and sometimes fault offset or have other mineralized beds within the 200 meter sequence.”

The Hedley Basin is a major regional geological feature and is – considering the importance and size of the now exhausted Nickel Plate deposit – relatively underexplored. The Hedley Basin covers some 1,000 square kilometres and is composed of Late Triassic Nicola Group sedimentary and volcanic rocks. According to the authors of Goldcliff’s 43-101 on the Panorama Ridge property, “The basin area, which is relatively under explored, contains rock units with world-class gold deposit potential.”

One of those authors is Goldcliff’s Chairman, Leonard Saleken, who like the rest of Goldcliff’s team, has a history of involvement in Hedley gold exploration and production.

Saleken was exploration manager for a private exploration group in the mid-1980s. As a part of the team doing due diligence for a reverse takeover for Mascot Gold, they analysed the old Nickel Plate Mine data and examined all the stopes (areas from which ore has been extracted), and the high-grade beds that had been mined. They also observed the drilling and drifting that had been done, as well as the gold in the drill holes and drifts which – if they were near surface – would, as Sanders puts it, “make one heck of an open pit mine.”

What they determined was that the mineralized sequence did indeed outcrop on top of Nickel Plate Mountain. Consequently, Mascot Gold went on to open the Mascot open pit mine, which produced approximately one million ounces gold – all this occurred four kilometres and in the same geological setting as is found at Panorama Ridge.

Director Paul Saxton was the Mascot Mine’s VP of Operations and was partly responsible for putting the mine in production , and Director Edwin Rockel worked for Saleken on the geological team – it was Rockel who was responsible for the geophysics in that part of the Hedley Basin.

“When it comes to the work we’ve done on Panorama Ridge – our guys were already there and what we were looking for and continue to be looking for and drilling with success is this thicker sequence of lower grade near surface open pitable material.”

The Nickel Plate Mine’s high-grade underground production produced approximately 1.5 million ounces of gold with recovered grades averaging 13.94 g/t gold, at the Mascot open pit mine, another one million ounces of gold were mined with recovered grades averaging 1.98 g/t gold. Over the coming months, with a 10,000 metre drill program added to the 7,800 metres already completed, Goldcliff expects to prove up a new deposit of comparable size and grade to these two past producers.

This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.

About the Author

Resourcex Investor is an internationally distributed newsletter about emerging junior resource companies. Sign up for a free 1-month trial to our newsletter and get instant access to news and investing tips that have helped many of our readers make more money. http://www.resourcex.com

Ounce $39.99 Ounce - Giclee Print

Gold Coins in Mesh Bag, 0.6 ounce Pirate's Gold: 24 Count $22.64 Sixteen men on a dead man's chest. Yo-ho-ho and a bag of Pirate's Gold!Gold Coins in Mesh Bag, 2 ounce Pirate's Gold SpecificationsBags per Shipment: 24Weight per Bag: 2 ouncesWeight per Shipment: 2 poundsTotal Shipment Weight: Approximately 3 pounds

6 Ounce Paper Sno-Kone Cone Cup 25 Packs.200. $196.45 Manufacturer: Gold Medal Products Co. Case of 5000. Made especially from extra thick paper. Extra-heavy "dry wax" so that it is strong enough to last Customers also search for: Discount 6 Ounce Paper Sno-Kone Cone Cup, Buy 6 Ounce Paper Sno-Kone Cone Cup,

Gold Medal Products Co 7" .6 Ounce Popcorn Bags. Case of 1,000 $32.37 Manufacturer: Gold Medal Products Co. Case of 1,000. Bright red orange design is very flashy helps sell more popcorn Item May be different than picture. Customers also search for: Discount 7" .6 Ounce Popcorn Bags, Buy 7" .6 Ounce Popcorn Bags, Wholesal

Gold Medal Products Co 12" 2- Ounce Popcorn Bags. Case of 2,000 $84.01 Manufacturer: Gold Medal Products Co. Case of 2,000. Bright red orange design is very flashy helps sell more popcorn Item may not be identical to picture. Customers also search for: Discount 12" 2- Ounce Popcorn Bags, Buy 12" 2- Ounce Popcorn Bags, Whol

Oro Gold Foot Cream 24k 7.1Fluid Ounce $40.43 This excellent 24 K Foot Cream is formulated with 24K Gold to provide your skin with the ultimate treatment. Specially designed to penetrate the deep layers of tough skin and provide it with moisturizing ingredients. This cream will help you maintain the beauty of your feet eliminate unpleasant odors and help you to relax while hydrating the deep layers of your skin.

Sergeant S Pet Products P 02152 Sgt Gold Flea Tick Cat Spray 8 Ounce $20.66 Kills fleas and ticks and controls reinfestation for up to 30 days. Size: 8 Ounce. Dimensions: 1.75 L x 3 W x 7.5 H.

Hikari Sales Cichlid Gold Gold 2 Ounce 4211 $18.73 Color: gold. Size: 2 ounces. Dimension: 4 L x 1.5 W x 7 H. Satisfaction Ensured. Your Pet will Love it.

Hikari Sales Hikari Gold Gold 3.5 Ounce 2120 $20.57 Color: gold. Size: 3.5 ounces. Dimension: 4 L x 1.5 W x 7 H. Satisfaction Ensured. Your Pet will Love it.

Rubbermaid Gold Bouncer Pitcher, 60 Ounce. Each $11.01 Bouncer Pitcher. Manufacturer: Rubbermaid. Each. Designed for safety and lower replacement costs Durable polycarbonate pitcher resists chipping and breaking and is lighter than glass. Drip-proof spout and self-draining bottom. Handle designed for comfort

Tables of the Value of Gold and Silver Per Ounce Troy. $17.15 This is a pre-1923 historical reproduction that was curated for quality. Quality assurance was conducted on each of these books in an attempt to remove books with imperfections introduced by the digitization process. Though we have made best efforts - the books may have occasional errors that do not impede the reading experience. We believe this work is culturally important and have elected to bring the book back into print as part of our continuing commitment to the preservation of printed works worldwide.

Oro Gold Body Mist 3.4Fluid Ounce $53.93 Refresh yourself with this unique soothing Golden Body Spray which contains essential oils to instantly hydrate your skin. This irresistible spray will leave your skin feeling refreshed and delicately scented.

Sure Clot 1/2 Ounce $5.99 Sure Clot 1/2 Ounce

Thermax GLD-GB GOLD Mini-Max2 Water Based Air Freshener & Air Purifier System, 1.6 Ounce China Rose Oil Based Fragrance & Adaptor Plug $29.95 One 1.6 ounce bottle of China Rose fragrance included. Gentle Breeze only need a few drops per day.Thermax GLD-GB GOLD Mini-Max2 Water Based Air Freshener & Air Purifier System, 1.6 Ounce China Rose Oil Based Fragrance & Adaptor Plug

Sergeant S Pet Products P 02865 Sgt Gold FleaTick Dog Shampoo 18 Ounce $24.33 Kills fleas and ticks for 14 days while it cleans and deodorizes in one easy and convenient step. Contains insect growth regulator that sterilizes new fleas and kills their eggs for 30 days. Green tea and ginger scent. 18 Ounce.

Red Gold 46 Ounce Sacramento Tomato Juice. Case of 12 $27.45 Manufacturer: Red Gold. Case of 12. No matter how you pour them, Sacramento Brand Juices have been sociable for more than 60 years. Sacramento Juices are considered to be the most flavorful tomato beverages by our loyal consumers and their families. Sacra

Red Gold 6 Ounce Sacramento Tomato Juice. Case of 48 $27.55 Manufacturer: Red Gold. Case of 48. No matter how you pour them, Sacramento Brand Juices have been sociable for more than 60 years. Sacramento Juices are considered to be the most flavorful tomato beverages by our loyal consumers and their families. Sacra

Gold Medal 5GM2053 1 Ounce Popcorn Concessions Bags $44.4 The Gold Medal Popcorn Bags hold 1 oz. of popcorn and provide an ideal container for this delicious treat. These bags have a bright red and orange design that is very flashy and helps sell more popcorn. Features:. Popcorn bags for popcorn concessions holds 1 oz. Sold by 1000 Carton.

Metallic Star Confetti Gold 4 Oz Pkg $3.99 The Gold Metallic Star Confetti is great for scattering on tables or adding to invitations. The gold star confetti comes in 3/4 ounce or 4 ounce packages.

Metallic Star Confetti Gold 3/4 Oz Pkg $1.99 The Gold Metallic Star Confetti is great for scattering on tables or adding to invitations. The gold star confetti comes in 3/4 ounce or 4 ounce packages.

Oro Gold Travel Hand Cream 24K 1.7Fluid Ounce $26.93 The untimate hand cream for all skin types combinig essential vitamins and oils. It s uniquely small size providing you the perfect travel solution or for everyday all day carry on. An excellent nongreasy moisturizer that melts at body temporature leaving the skin feeling soft silky smooth and delicately devotion scented.

Hikari Sales Cichlid Gold Sinking 3.5 Ounce 04720 $19.99 Great for african cichlid or cichlids that will not feed from the surface. Complete daily diet offering growth and color enhancing benefits. Fish meal wheat flour flaked corn brewers dried yeast wheat bran gluten meal fish oil dried A. Niger fermemtation extract garlic astaxanthin vitamins minerals. Dimensions (L x W x H): 0.29 x 0.13 x 0.58.

Snow Leopard or Ounce $49.99 Brittan Snow Leopard or Ounce - Giclee Print

Hagerty W J 11070 PST Silver Foam 8 Ounce Case Of 12 $91.19 The fast simple wash and rinse way to care for flatware and serving pieces that are used continuously. Quickly removes stubborn tarnish and residue yet is completely safe for all fine silver and gold because it does not include any harsh abrasives. Features:. 8 Ounce.

PORC-A-FILLER Kit 2 Ounce $18.75 PORCAFILLER Kit 2 Ounce Jar

Womens Ounce $19.97 Cut away sides give this shoe a sleek and fabulous look. The Ounce pairs well with anything from jeans to a mini-skirt. Polyurethane Woven heel cover Strappy design Padded insole Adjustable ankle strap Lining: man-made Heel height: 3 ¾ in.

$50,000 an Ounce! $18.48 It was Hal Decker's most perplexing case: find the thief who stole a rare Martian meteorite from an anonymous owner who has not reported it missing. With no suspects, motives or clues, his only lead is a two-gram slice of that precious rock worth $50,000 an ounce

Metallic Stars Confetti - Gold $2.99 ½ Ounce of Star Shaped Metallic Gold toned Confetti. Contains dozens of pieces. Each star measures 1/2".

Sparkle Stars Confetti - Gold $2.99 ½ Ounce of Star Shaped, Gold tone Sparkling Stars Confetti. Contains dozens of pieces. Each star measures 1/2".

A 4.7. Ounce Moon Rock $39.99 Tyrone Turner A 4.7. Ounce Moon Rock - Photographic Print

Artline Hummingbird Feeder - 16 Ounce $6.12 ArtLine - 16 ounce Plastic Hummingbird feeder by ArtLine

Plastic Cups 12 Oz Met Gold Pkg/20 $2.99 Our Gold 12 Ounce Cups are perfect for any prom, event, graduation, or wedding table setting. Each package of gold plastic cups includes twenty 12 ounce cups. Serve your hot or cold beverages in these Gold 12 Ounce Cups.

16 Oz Plastic Cups Metallic Gold Pkg/20 $4.99 Our Our Gold 16 Ounce Plastic Cups will add color to your prom, wedding or event tables. Each package of gold plastic cups includes twenty 16 ounce cups. Include the Gold 16 Ounce Plastic Cups when you set your event tables.