White Cliff Minerals

Large System Confirmed at Reedy’s Gold Deposit - Lateral and Vertical Extensions to Reedy South Gold Shear Zone Identified

White Cliff Minerals Limited (“the Company”) (ASX: WCN) is pleased to announce results from drilling at the Reedy South Gold Project. Reedy’s sits within trucking distance of multiple existing operating gold plants, within this proven Goldfield in Western Australia. Reedy South has an existing shallow JORC Code inferred mineral resource estimate of 42,400 ounces of gold.

  • Drilling demonstrates extensive strike and depth-extensions around the existing inferred 2012 JORC Mineral Resource Estimate of 42,400 ounces of gold.1
  • Drilling highlights include:
    • 7m @ 1.12 g/t Au from 92m along strike, due north from the existing resource from drill hole RSKC009
    • 79m @ 1g/t Au from 10m from drill hole RSKC006 (down-dip)
    • 11m @ 0.53 g/t Au from 209m, ~20mts below the existing resource outline from drill hole RSKC011
    • 5m @ 0.45 g/t Au from 14m along strike, due south from the existing resource from drill hole RSKC001

Encouragingly this drilling has confirmed continuity of mineralisation not only proximal to the existing JORC Mineral Resource but laterally along strike and at depth. These results are very encouraging, confirming continuity of the mineralised system in all directions and importantly underneath the existing higher-grade resource.

“The drill program which was designed to test depth and strike extensions to the known mineralisation at Reedy’s has surprised us in terms of the scale of the newly identified structures which appear to be increasing in size in and around the existing resource and extend laterally for several hundred metres to the north and south. Whilst the campaign was designed predominantly as an exploration program to expand our understanding of the Reedy’s shear zone and associated mineralisation, Hole 6 for example (79m @ 1g/t) is extraordinary as it demonstrates the system is growing and continuing at depth. We will now review this new information in detail and determine what next steps can be taken including deeper drilling formulate to optimize value for our shareholders.” Troy Whittaker - Managing Director

Click here for the full ASX Release

This article includes content from White Cliff Minerals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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