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White Cliff Minerals Ltd To Reveal Diamond Drilling Assays From Aucu Gold

White Cliff Minerals Ltd (ASX:WCN) has identified three mineralised zones from its first completed diamond drill hole of 2016 at the Aucu gold deposit in the Kyrgyz Republic in Asia.

Assays from this first hole are expected in circa four weeks.

The 150 metre deep hole encountered the zones at depths consistent with high grade gold zones from an adjacent 2015 hole which intersected 3 metres at 41.4 g/t gold, 1 metre at 58 g/t gold and 6 metres at 3.2 g/t gold.

The three mineralised zones measured 4 metres, 5 metres and 2.5 metres long and contained up to 30% sulphides.

Drilling of the second diamond hole has commenced, targeting the same mineralised zones.

The 2016 exploration program is focussed on drilling out the eastern upper gold zone (UGZE) which has an exploration target of 1-2 million tonnes at 15-30 g/t for 500,000 to 1.2 million ounces of gold.

Drill hole details

The first mineralised zone occurred at 62 metres depth and consists of 4 metres of quartz veining containing up to 20% sulphides within sheared sandstones on a contact with diorite.

The second mineralised zone occurred at 116 metres depth and consists of 5 metres of silicified sandstone with dispersed quartz veining and 5% sulphides including a 1 metre interval with 30% sulphides.

The third mineralised zones occurred at 122 metres depth and consists 2.5 metres of altered diorite with up to 30% sulphides.

Aucu gold deposit

The 89% owned Aucu gold deposit is located in the Kyrgyz Republic, which is a democratic republic bordering Kazakhstan and western China.

The company announced a maiden inferred resource for the Aucu gold deposit above a cut-off grade of 1 g/t gold of 1.15 million tonnes grading 4.2 g/t gold for 156,000 ounces of contained gold.

In 2015, drilling identified exceptional gold mineralisation east of this resource in the UGZE over a strike length of at least 500 metres.

Results included 8 metres at 55.2 g/t gold and 4 metres at 59.9 g/t gold.

Overall metallurgical recovery of all mineralised zones discovered at Aucu is 99% with gravity recoverable gold averages of 88.6%.

White Cliff recently discovered visible gold in new mineralised zones at Aucu while bulldozing access roads.

Recent exposure to lithium

White Cliff recently farmed out its Lake Percy project, prospective for lithium in Western Australia through a joint venture with Liontown Resources Ltd (ASX:LTR).

Historical exploration has defined large pegmatites of up to 550 metres thick at surface and 3 kilometres long.

Liontown may earn up to 70% in the project by spending A$1.75 million on exploration within four years.

The farm-out aligns with White Cliff's strategy of divesting non-core assets while retaining a free carried interest.

Analysis

The first diamond drill hole has encountered three mineralised zones suggesting the high grades found in the nearby 2015 drill hole may continue at depth.

The 100 metre deep 2015 hole, UGZ15-32a, encountered 6 metres at 3.2 g/t gold, 1 metre at 58 g/t gold and 3 metres at 41.4 g/t gold.

This diamond drilling program has the opportunity to establish the UGZE as a potentially economic mineralised zone.

Mineralisation at the UGZE outcrops at surface and remains open in both directions and at depth.

White Cliff will be looking to scale the Aucu gold deposit to over one million ounces of gold.

With drilling in motion, White Cliff is leveraged to continuous exploration news flow.

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