I dunno about ya'll but these trench results look pretty good to me maybe ya'll expected much better than 17.368 gold ounces per short ton...lol, maybe they just aren't drilling in the right area...hsb
Goldcliff reassays confirm bonanza grades at Panorama
Thursday January 10 2008 - News Release
Mr. Leonard Saleken reports
METALLIC GOLD ASSAYS OVER 17 OUNCES COMFIRM BONANZA GOLD GRADES AT PANORAMA RIDGE
Goldcliff Resource Corp. has confirmed the bonanza gold grades by metallic assay at the company's 100-per-cent-owned Panorama Ridge property near Hedley, B.C. The high-grade gold values have been reassayed by metallic methods and confirm that the bonanza gold grades are not subject to a gold nugget effect. The metallic gold assaying has improved the gold grades in the Bonanza trench to 17.368 gold ounces per short ton over 1.00 metre or 9.210 gold ounces per short ton over 2.50 metres. The bonanza gold grades are a major discovery on the Panorama Ridge property.
Bonanza trench gold results
The Bonanza trench, which was excavated at the southwestern portion of the York-Viking zone, has multiounce, high-grade gold results. The metallic gold values in the tables are continuous channel samples and are reported in grams per tonne (g/t) and ounces per short ton.
METALLIC ASSAYS (NEW GOLD RESULTS)
From (m) To (m) Interval (m) Metallic gold (g/t) Metallic gold (oz/t)
1.50 2.50 1.00 596.00 17.368
2.50 4.00 1.50 194.00 5.658
Combined 2.50 315.82 9.210
NON-METALLIC ASSAYS (PREVIOUSLY REPORTED GOLD RESULTS
(See news in Stockwatch on Dec. 17, 2007)
From (m) To (m) Interval (m) Non-metallic gold ((g/t) Non-metallic gold (oz/t)
1.50 2.50 1.00 525.00 15.311
2.50 4.00 1.50 168.00 4.899
Combined 2.50 277.20 8.084
Gold assay procedures
In the metallic gold assay procedure, the rock sample is two-stage crushed to minus 10 mesh and split to achieve a 250-gram pulp assay subsample. The 250-gram pulp assay subsample is pulverized to a fineness such that approximately 95 per cent will pass through a minus-140-mesh screen.
The 250-gram pulp assay subsample is then screened through a 140-mesh screen. The fraction that passes through the screen is called the undersize. The fraction that does not pass through the screen is called the oversize. The undersize fraction is then weighed and rolled to ensure homogeneity and two 30-gram subsamples are taken from this fraction and fire assayed for gold. The plus-140-mesh material (oversize fraction) is assayed entirely. Each metallic assay requires three fire assay analyses to achieve a result. The resultant fire assay beads are digested with acid and after parting are analyzed on a Perkin-Elmer atomic absorption spectrophotometer using an air-acetylene flame to a detection limit of 0.03 gram per tonne.
The gold values are then calculated back to the original sample weight which provides a net gold value for the rock sample that is based on two minus-140 values and a single plus-140-mesh value. Results are collated by computer and are printed along with accompanying quality control data (repeats and standards).
Though not as rigorous as the metallic, the non-metallic (regular) gold assay procedure follows the same basic steps as the metallic procedure. However, unlike the metallic procedure, which does assay the plus-140-mesh material, the non-metallic procedure does not assay a sample's oversize fraction. Furthermore, the non-metallic procedure does not require three fire assay analyses to achieve a result as does the metallic procedure.
Samples are redone if the quality control standard is outside two standard deviations or if the blank is greater than 0.015 g/t.
Conclusions
The metallic assay procedures are often used when multiounce gold grades occur and when samples are suspected to contain coarser gold. As explained above, in addition to producing a coarse (oversize) and fine (undersize) fraction for analyses, the rigorousness of the metallic procedure assures accuracy. In the case of Bonanza trench samples, the procedures indicate that while some coarse gold is present it is not disproportionately represented in the overall sample composition. The fine (undersize) fraction contains the majority of the gold and accordingly, the samples are not subject to a gold nugget effect.
In the Hedley gold camp, the gold mineralization that is associated with gold-ore deposits is typically fine grained (undersize). At Panorama Ridge, the fine grained and the coarse grained (oversize) gold is not visible. In order to have these bonanza gold grades, a gold sulphide compound mineral must be related to the high-grade gold values. Goldcliff is researching the mineralogical possibilities to identify the mineral that is attributed to the high-grade gold values.
The Bonanza trench, located at the southwestern portion of the York-Viking zone, is a major gold discovery. The high-grade gold discovery at Panorama Ridge is comparable with the high-grade gold mineralization mined underground at the Nickel Plate mine. The high-grade gold beds occur within an overall mineralized sequence that is up to 200 metres in thickness. The lower grade gold portions of this sequence were successfully mined by Mascot Gold Mines' open pit operation.
The geological setting at Panorama Ridge is similar to these previously successful settings. Goldcliff has been targeting the bulk tonnage potential of Panorama Ridge with success. The Bonanza trench gold results confirm the high-grade potential of the property.
Analyses
The samples are shipped to EcoTech Laboratory Ltd. for sample preparation and analyses. EcoTech Laboratory is a certified laboratory with the ISO 9001 certification of registration No. 52172-01. The certified assayer for EcoTech is Jutta Jealouse, B.C. certified assayer.
Qualified persons
Grant F. Crooker, PGeo (geologist), and Leonard W. Saleken, PGeo (geologist), are the qualified persons as defined by National Instrument 43-101 who supervised the preparation and verification of the technical information in this release.
Information and presentation
Goldcliff will be presenting a Panorama Ridge overview and update of activities at the Pan Pacific Hotel on Sunday, Jan. 20, at 1 p.m. in the Pacific Rim Suite 1.
