VANCOUVER, British Columbia, June 23, 2020 (GLOBE NEWSWIRE) — George Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the “Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS) reports that interpretation of exploration results to date conclude that the Nevada Rand project has district scale potential to host disseminated bulk tonnage gold deposits along with discreet, very high grade silver/gold sweet spots. During the last twelve months, Goldcliff conducted underground mapping and sampling in the old Nevada Rand and Lone Star workings, detailed surface mapping and rock sampling, and stream sediment geochemical sampling. Results of this work were reported in Goldcliff News Releases dated October 9, 2019 and November 19, 2019. The Company also drilled seven diamond core holes totaling 695.2 metres. Results of that programme were discussed in News Release dated May 6, 2020.
A review and analysis of all data produced led to the following interpretations and conclusions. The volcanic stratigraphy seems to be interleaved/interlayered andesite and rhyolite flows that are likely intruded by sub-volcanic rhyolite plugs. The veins are more prominent in the andesite. The veining occurs along quartz sericite corridors with silver dominant, gold and low level base metal pathfinders. The historic bonanza grade mined at the Nevada Rand shaft, the Lone Star, and at the Golden Pen and Blue Sphinx which are beyond the claim boundary, represent “smoke” and are indicative of a larger mineralizing system. A classic disseminated, Walker Lane-style, gold-bearing epithermal system is in the rhyolite flow portion of the stratigraphy. This mineralization is gold dominant and contains pathfinders of arsenic, antimony and molybdenum.Realizing that the Rand district hosts previously unrecognized and unexplored opportunities has encouraged Goldcliff to undertake a systematic review of several other historic mining districts in Nevada and Arizona. Due diligence and acquisition discussions are underway regarding positions in two such districts.Ed Rockel, P. Geo, qualified person as defined by National Instrument 43-101 supervised the preparation and verification of the technical information contained in this release.For further information, please contact George W. Sanders, President, at 250-764-8879, toll free at 1-866-769-4802 or email at info@directroyalty.com.GOLDCLIFF RESOURCE CORPORATIONPer: “George W. Sanders”George W. Sanders, PresidentNeither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or the accuracy of this news release.
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