- White Cliff Minerals (WCN) has intersected high-grade gold at its Reedy South Gold Project in Western Australia
- A 4500-metre drilling program began in mid-November with aims to grow the resource, convert the inferred resource to indicated and test strike extensions
- White Cliff has received results from 11 holes and expects to receive the remainder in the coming weeks
- Of the results received, grades peaked at 3.16g/t gold
- White Cliff will drill the remaining five holes in the coming weeks with this work aiming to extend the mineralisation at both the King Cole and Pegasus prospects
- Company shares are down 21.6 per cent in early morning trade, trading at 2.9 cents
White Cliff Minerals (WCN) has intersected high-grade gold at its Reedy South Gold Project in Western Australia.
A 4500-metre reverse circulation (RC) drilling program began in mid-November with roughly 3000 metres completed before the Christmas shutdown.
This work aimed to grow the resource, convert the inferred resource to indicated and test strike extensions.
So far, White Cliff has received results from 11 of the 38 holes and expects to receive the remaining results in the coming weeks.
The results that have been received primarily come from around the King Cole prospect.
Significant results include seven metres at 3.16g/t gold from 53 metres, 11 metres at 2.29g/t gold from 21 metres, and 16 metres at 1.74g/t gold from 72 metres.
“The assay results received so far confirm the mineralised grade and thickness of historical drilling at the King Cole prospect which was part of the maiden mineral resource estimate (MRE) at Reedy South,” Technical Director Ed Mead said.
“Results from a further 27 completed holes are expected to further connect King Cole to the Pegasus Prospect, with deeper drilling in January proving up interpreted extensions to mineralisation and the October MRE,” he added.
White Cliff will drill the remaining five holes in the coming weeks, with this work aiming to extend the mineralisation at both the King Cole and Pegasus prospects.
Company shares are down 21.6 per cent in early morning trade, trading at 2.9 cents at 11:39 am AEDT.