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  • White Cliff Minerals Delivers Visible Gold And Copper At Chanach, Kyrgyz Republic 0 comments
    Jul 16, 2014 10:39 PM

    White Cliff Minerals (ASX:WCN) shares are expected to open higher following visible gold and copper sulphides from trenching at the Chanach project in the Kyrgyz Republic.

    Chanach is located in a highly prospective and well-endowed region, which boasts 93 million ounces of gold and 25 million tonnes of copper within 100 kilometres.

    Highlights include:

    - 10 metres at 2.94% copper and 8g/t gold including, 3 metres at 7.7% copper and 19.8g/t gold; and
    - 22 metres at 2.5 g/t gold including, 4 metres at 4.5g/t gold, and 6 metres at 5.5g/t gold.

    Additional results included rock chip sampling which extended the mineralised zones 450 metres west to adjacent hill, including:

    - Upper West zone: 5 samples average gold grade of 7.9g/t gold;
    - Lower West Zone: 2 samples average gold grade of 9.9g/t gold; and
    - Upper North Zone: 5 samples average copper grade 1.02%.

    These results build on previous trenching at the Aucu copper and gold discovery identified in 2013 including: 7 metres at 3.83% copper and 30.1 g/t gold; 10 metres at 1.73% copper including 1 metre at 106 g/t gold; and 9 metres at 6.03 g/t gold.

    Todd Hibberd, managing director, commented: "I have just returned from a field visit to inspect the completed trenches and confirm that visible gold was identified in several rock samples from trench 1. The high level of gold in the samples makes accurate assaying challenging but it is a great problem to have.

    "The high gold and copper grades at surface make the Aucu deposit an exceptional discovery and the identification of mineralised veins 450 metres along strike to the West demonstrates the potential of the project to host significant copper-gold mineralisation.

    "The field team has completed 8 trenches ranging from 50 to 100 metres and quartz veining and copper mineralisation has been identified in most trenches.

    White Cliff has submitted 585 samples, assay results are pending for 364 samples. A further 189 samples have been collected and will be dispatched to the laboratory shortly.

    Hibberd added, "The Company is on target to commence drilling in August to test the potential for mineralisation at depth."

    Chanach located in the Tien Shan Belt

    The Chanach project is located in the western part of the Tien Shan Belt, a highly mineralised zone that extending for over 2500 kilometres, from western Uzbekistan, through Tajikistan, Kyrgyz Republic and southern Kazakhstan to western China.

    Mineralisation occurs as porphyry and epithermal systems developed within magmatic arcs, and orogenic type gold deposits that are structurally controlled.

    The project hosts porphyry and skarn style copper and gold mineralisation.

    Drilling has already identified several areas containing up to 2.1% copper and 1-2g/t gold while rock sampling has identified up to 5% copper and 40g/t gold within a large mineralised area.


    To say Chanach is in a highly prospective region is an understatement, considering major deposits located within 100 kilometres contain up to 93 million ounces of gold and 25 million tonnes of copper.

    Today's visible gold and copper, along with high-grade results, build much anticipation for the drilling program set to commence next month.

    Boosting near-term newsflow, White Cliff has submitted 585 samples, assay results are pending for 364 samples. A further 189 samples have been collected and will be dispatched to the laboratory shortly.

    White Cliff's shares are expected to firm at the open.

    Proactive Investors maintains its 6-9 month target of $0.06 on White Cliff.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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