Goldcliff Resource Corporation Announces Discovery and Acquirement Of New Uranium Region
VANCOUVER, BRITISH COLUMBIA -- Leonard W. Saleken, President of Goldcliff Resource Corporation (TSX VENTURE: GCN), is pleased to announce that the Company has discovered a new uranium region and acquired claims in the area. Goldcliff has acquired the mineral title to 67 claims in geologically, geochemically and geophysically-favourable terrain for uranium deposit discoveries. Goldcliff’s claims are owned 100 per cent with no over-riding payments and royalties. The claim holdings are contiguous over a large area of approximately 400 square kilometres (180 square miles) and cover a total of 32,388 hectares (80,000 acres), in south-eastern British Columbia. A total of 10 uranium anomalies have been located on the claims. The anomalous uranium values range from a low of 44.3 parts per million uranium (ppm) to a high of 321 ppm, or 0.0321 per cent uranium.
Goldcliff’s investigation of government geochemical data resulted in the identification of anomalous uranium and the subsequent acquisition of the claims. This research identified a region that contained anomalous uranium values in stream sediments, a setting both geologically and geophysically-favourable for the occurrence of potential uranium deposits. Goldcliff’s claims contain highly anomalous uranium stream sediment values.
The geology on Goldcliff’s claims is favourable for intrusive-related and vein uranium deposits related to intrusive and sedimentary rocks. The geophysical magnetic features indicate magnetic lows that suggest alteration features.
Goldcliff acquired its claims by staking, thereby providing the highest leverage to its shareholders. The Company’s cost of acquisition was $12,995. Goldcliff’s 2007 exploration program will focus on the follow-up of the claim’s uranium anomalies. Goldcliff’s interpretation of the claim’s geological, geochemical and geophysical data has established an exploration model for intrusive-related and vein uranium deposits.
Leonard W. Saleken, PGeo., is the qualified person as defined by National Instrument 43-101 who supervised the preparation and verification of the technical information in this release.
GOLDCLIFF RESOURCE CORPORATION
Leonard W. Saleken, PGeo., CEO, President
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