Target generation exploration activity at the Goldcliff Resource Corp. [GCN-TSXV; GCFFF- OTCBB] Ainsworth silver project, located near Kaslo, British Columbia, continues to demonstrate the high- grade nature of this historic silver district.
Airborne geophysics, and a combined rock, sediment and soil sampling program were carried out on the Ainsworth property in the summer of 2021 to focus on geochemically and geophysically anomalous areas found in previous years. Goldcliff’s recent exploration has focused in the southern portion of the claim holdings around the highest-grade historic mine, the No. 1, and other high-grade prospects nearby, including the Silver Hoard and Dellie. Rock values as high as 1,381 g/t silver and soil values as high as 218 ppm silver were obtained in samples across old historic trenches upslope from the No. 1 mine adit.
Sediment values as high as 77.55 ppm silver, and soil values up to 165 ppm silver were obtained from the area between the No. 1 mine and the Silver Hoard, all of which is very encouraging for the prospect of locating additional silver mineralization.
A high-resolution combined magnetic, VLF-EM and spectrometer airborne survey was carried out over southern parts of the property during summer 2021. A preliminary interpretation of the airborne data has indicated a number of small magnetic highs and moderate potassium highs located within regions of quiet magnetic activity and low (quiet) gamma ray total count. The No. 1 mine as well as the Silver Hoard/Dellie prospects correspond with small magnetic and potassium highs within the quiet regions.
Goldcliff’s interpretation suggests that these quiet regions also contain new geophysical targets situated in areas of limestone within the mapped Milford Group sediments. The new targets are associated with structure interpreted from both the magnetic and spectrometer data.
Examination of the mine dump of the No. 1 mine yielded a sample grading 3,553 g/t silver. This is a dump grab sample and is not indicative of any in-place, outcropping mineralization. The sample was selected because it was obviously mineralized but the high analytic result was not expected based on visual examination. Most mine dumps in the Ainsworth district have been hand scavenged by prospectors over the past 100 years.
Goldcliff is the largest claim holder in the Ainsworth camp with approximately 4,455 hectares. A large portion of the holdings were acquired by staking and are 100% owned. The balance of the land position is held under an option to purchase 100%. Further exploration activity will be designed around the direct shipping exploitation model. Ainsworth is about 120 km from the Teck-Cominco smelter in Trail, B.C.