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White Cliff Minerals Limited

Publié le 19 octobre 2016

Gold Mineralisation Identified in Stockpiles at Burtville East Prospect, Western Australia

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Gold Mineralisation Identified in Stockpiles at Burtville East Prospect, Western Australia

20 October 2016

ASX Code: WCN

Gold Mineralisation Identified in Stockpiles at Burtville East Prospect, Western Australia

Key Points:

  • High grade gold mineralisation identified in surface stockpiles including;

    o 38.4 g/t gold, 6.4 g/t gold, 4.9 g/t gold, 3.9 g/t gold and 3.6 g/t gold

  • Drilling application lodged

White Cliff Minerals Limited ("White Cliff" or the "Company") is pleased to report that sampling conducted over existing historically mined surface rock piles has identified substantial gold mineralisation at the Burtville East gold prospect, part of the Merolia gold project, near Laverton Western Australia.

The gold grades within the surface rock piles ranges from waste (

Sample ID

Rock pile

Northing

Easting

Gold (g/t)

BESP68

Stockpile1

6,816,373

474,703

38.45

BESP52

Stockpile1

6,816,383

474,731

6.41

BESP14

Stockpile2

6,816,352

474,714

4.93

BESP34

Stockpile1

6,816,372

474,703

4.62

BESP44

Stockpile1

6,816,371

474,710

4.19

BESP67

Stockpile1

6,816,373

474,706

3.96

BESP36

Stockpile1

6,816,371

474,707

3.60

BESP28

Stockpile4

6,816,325

474,765

2.78

BESP25

Stockpile4

6,816,330

474,764

2.78

BESP54

Stockpile1

6,816,385

474,734

2.56

BESP65

Stockpile1

6,816,375

474,713

2.46

BESP40

Stockpile3

6,816,407

474,766

2.35

BESP42

Stockpile3

6,816,409

474,778

2.05

Managing Director Todd Hibberd commented that "Burtville East surprised us with the high grade of some of the surface rock piles. The size of the gold in soil anomaly combined with the substantial gold grades encountered in the rock pile sampling indicates that the quartz vein contains substantial gold mineralisation".

"The Company has planned an initial drilling program to test the extents of the quartz vein and has submitted a drilling application to the Department of Mines and Petroleum. Drilling approvals are expected in two-three weeks allowing the Company to test this target in the latter part of 2016".

White Cliff Minerals Limited ABN 22 126 299 125 Suite 2, 47 Havelock Street, West Perth WA 6005, PO Box 368 West Perth WA 6872.

Telephone +61 8 9321 2233 Facsimile +61 8 9324 2977 www.wcminerals.com.au

Figure 1: Geology map showing the distribution of the Burtville East surface rock piles and associated gold

mineralisation

The Burtville East Gold Prospect (100%)

The Burtville anomaly occurs immediately around historical workings that consist of two shafts and several mullock or ore dumps. The historical workings targeted quartz veins within strongly foliated basalts. Historical drilling intersected substantial mineralisation including 5 metres at 33 g/t gold, 2 metres at 6.65 g/t gold and 3 metres at

5.3 g/t gold.

The historical drilling indicates that the quartz vein is striking NNE and dipping steeply NW but further drilling 40 metres north and south did not locate any additional mineralisation. The recorded orientation is not consistent with the local geology or with the general orientation of the surface gold anomaly and Company geologists suspect that a more likely quartz vein orientation is NNW trending with the regional geology. If this is the case, then most of the historic drilling would have missed the quartz vein.

In August 2016 the Company conducted a detail soil geochemical sampling program that identified a substantial gold in soil anomaly that extends over 250 by 185 metre area in a roughly NNW orientation. The maximum gold values are 42,100 ppb (42.1 g/t) and 886 ppb (0.88 g/t gold) which occur adjacent to the edge of mullock dumps or ore stockpiles. There is also a large anomalous zone +100 ppb extending 150 by 75 metres and an outer halo of 250 by 185 metres of +25 ppb gold values

In October 2016 sampling of the historically mined surface rock piles reveals substantial mineralisation.

Further Work

The company has finalised a preliminary drilling program and has lodged a program of work with the Department of Mines and Petroleum. Approval to conduct drilling is expected in two-three weeks and drilling is expected to commence in November or early December.

Burtville East

Figure 2: Regional geology map of Merolia Gold Project near Laverton WA, showing tenement package and main gold anomalies.

Table 2: Sample results (parts per billion-ppb) and coordinates (Australian map grid GDA94-Z51)

Sample_ID

Stockpile

Northing

Easting

Gold (g/t)

BESP01

Stockpile2

6,816,357

474,697

0.14

BESP02

Stockpile2

6,816,357

474,700

0.08

BESP03

Stockpile2

6,816,358

474,703

0.13

BESP04

Stockpile2

6,816,358

474,706

0.29

BESP05

Stockpile2

6,816,358

474,709

0.10

BESP06

Stockpile2

6,816,357

474,712

0.15

BESP07

Stockpile2

6,816,357

474,715

0.04

BESP08

Stockpile2

6,816,357

474,718

0.06

BESP09

Stockpile2

6,816,356

474,721

0.05

BESP10

Stockpile2

6,816,355

474,723

0.01

BESP11

Stockpile2

6,816,352

474,723

0.01

BESP12

Stockpile2

6,816,352

474,720

0.21

Sample_ID

Stockpile

Northing

Easting

Gold (g/t)

BESP13

Stockpile2

6,816,352

474,717

0.06

BESP14

Stockpile2

6,816,352

474,714

4.93

BESP15

Stockpile2

6,816,352

474,711

1.20

BESP16

Stockpile2

6,816,353

474,709

1.93

BESP17

Stockpile2

6,816,353

474,706

0.75

BESP18

Stockpile2

6,816,354

474,703

0.77

BESP19

Stockpile2

6,816,354

474,700

0.28

BESP20

Stockpile2

6,816,354

474,697

0.03

BESP21

Stockpile4

6,816,335

474,765

1.43

BESP22

Stockpile4

6,816,331

474,766

0.92

BESP23

Stockpile4

6,816,327

474,767

0.48

BESP24

Stockpile4

6,816,334

474,763

1.36

BESP25

Stockpile4

6,816,330

474,764

2.78

BESP26

Stockpile4

6,816,327

474,765

0.56

BESP27

Stockpile4

6,816,323

474,764

0.57

BESP28

Stockpile4

6,816,325

474,765

2.78

BESP29

Stockpile5

6,816,316

474,733

0.97

BESP30

Stockpile5

6,816,313

474,735

1.62

BESP31

Waste 1

6,816,375

474,740

0.07

BESP32

Waste 1

6,816,377

474,743

0.02

BESP33

Waste 1

6,816,379

474,746

0.02

BESP34

Stockpile1

6,816,372

474,703

4.62

BESP35

Stockpile1

6,816,371

474,705

0.95

BESP36

Stockpile1

6,816,371

474,707

3.60

BESP37

Stockpile3

6,816,407

474,754

1.24

BESP38

Stockpile3

6,816,410

474,760

0.75

BESP39

Stockpile3

6,816,407

474,760

0.25

BESP40

Stockpile3

6,816,407

474,766

2.35

BESP41

Stockpile3

6,816,406

474,771

1.90

BESP42

Stockpile3

6,816,409

474,778

2.05

BESP44

Stockpile1

6,816,371

474,710

4.19

BESP45

Stockpile1

6,816,371

474,714

0.30

BESP46

Stockpile1

6,816,375

474,718

0.10

BESP47

Stockpile1

6,816,377

474,721

0.32

BESP48

Stockpile1

6,816,378

474,723

0.82

BESP49

Stockpile1

6,816,380

474,726

0.81

BESP50

Stockpile1

6,816,381

474,728

0.31

BESP51

Stockpile1

6,816,382

474,730

0.35

BESP52

Stockpile1

6,816,383

474,731

6.41

BESP53

Stockpile1

6,816,384

474,733

0.27

BESP54

Stockpile1

6,816,385

474,734

2.56

BESP55

Stockpile1

6,816,386

474,736

0.27

BESP56

Stockpile1

6,816,388

474,738

0.05

BESP57

Stockpile1

6,816,393

474,734

0.04

BESP58

Stockpile1

6,816,392

474,730

0.03

BESP59

Stockpile1

6,816,387

474,731

0.51

BESP60

Stockpile1

6,816,386

474,729

0.04

BESP61

Stockpile1

6,816,385

474,727

0.04

BESP62

Stockpile1

6,816,384

474,725

0.09

BESP63

Stockpile1

6,816,383

474,718

0.07

BESP64

Stockpile1

6,816,377

474,717

0.06

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White Cliff Minerals Limited

CODE : WCN.AX
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White Cliff Minerals LTD est une société basée en Australie.

White Cliff Minerals LTD est cotée en Australie. Sa capitalisation boursière aujourd'hui est 45,1 millions AU$ (30,7 millions US$, 27,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 22 octobre 2010 à 0,29 AU$, et son plus bas niveau récent le 07 septembre 2018 à 0,00 AU$.

White Cliff Minerals LTD possède 1 879 479 936 actions en circulation.

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