VANCOUVER, Jan. 17, 2013 /CNW/ - Cliffmont Resources Ltd. (TSX-V - CMO)
("Cliffmont" or the "Company") is pleased to announce drill results for
holes SLD-17 and SLD-18 (373 metres) from the 2012 drill program on the
San Luis Project in Huila Department, Colombia. The 2012 drill program
was the first ever undertaken on the San Luis project.
"We are delighted with the new gold-silver discovery at La Julia. The
mineralization occurs at very shallow depths, possibly in the sub crop,
and is open in all directions. This discovery at La Julia is a
testament to the untested potential at the San Luis Project," said Jeff
Tindale President and CEO.
Cliffmont is currently conducting a large soil sampling program over La
Julia prospect to trace the new discovery and to identify new drill
targets for the next phase of drilling. The mineralization is open
along strike and to depth. The intersections in SLD-17 and SLD-18
indicate a previously unknown area of shallow gold-silver
mineralization of significant grade.
The Company's strategy is to further define the La Julia target and to
test for continuity of mineralization below past-producing mines. The
Company's plan includes blocking out and evaluating mineralization to
explore the possibilities of a near-term production decision while
continuing to explore and evaluate numerous other larger areas of wider
mineralization. The San Jorge prospect has two exploitation contract
concessions and is the first area for advanced development work in the
extensive San Luis project area.
La Julia Drilling:
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Drill hole SLD-17 intersected significant, possibly sub cropping,
gold-silver mineralization from 10.5 to 21.0 metres down hole:
5.9 g/t gold & 3.33 g/t silver over 10.5 metres, including 27.7 g/t gold
& 14.7 g/t silver over 1.25 metres, and 9.9 g/t gold & 4.2 g/t silver
over 1.57 metres
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The upper high grade interval (10.5 to 13.0 metres ) comprises 9.9 g/t
gold over 1.57 metres underlain by 3.43 g/t gold over 0.93 metres
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The central part of the zone (13.0 to 17.0 metres) assayed 0.18 g/t
gold over 4.0 metres
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The lower high grade interval (17.0 to 21.0 metres) comprises 27.7 g/t
gold over 1.25 metres; 4.68 g/t gold over 1.25 metres; and 1.30 g/t
gold over 1.5 metres
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The controls on the upper and lower high grade intervals are unknown at
this time. Assays are pending for additional samples above 10.5 metres.
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Drill hole SLD-18 also intersected significant, possibly sub cropping,
gold-silver mineralization from 11.0 to 22.3 metres down hole: 2.11 g/t
gold & 3.73 g/t silver over 15.0 metres including 9.73 g/t gold & 9.4
g/t silver over 2.0 metres
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The upper part of the zone (9.0 to 14.0 metres) assayed 0.89 g/t gold
over 5.0 metres
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The central high part of the zone (14.0 to 16.0 metres) assayed 9.73
g/t gold over 2.0 metres
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The lower part of the zone (16.0 to 24.0 metres) assayed 0.98 g/t gold
over 8.0 metres
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The controls on the central high grade interval are unknown at this
time. Assays are pending for additional samples above 9.0 metres.
Table 1 - Significant Drill Intersections
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Prospect
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Hole
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From
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To
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Interval*
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Au
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Ag
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Cu
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Pb
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Zn
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#
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(m)
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(m)
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(m)
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g/t
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g/t
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ppm
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ppm
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ppm
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La Julia
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SLD-17
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10.50
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21.00
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10.50
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5.90
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3.30
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33
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164
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77
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incl
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10.50
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13.00
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2.50
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7.49
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2.71
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32
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104
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50
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incl
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10.50
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12.07
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1.57
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9.90
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4.20
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38
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105
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52
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and
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17.00
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19.50
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2.50
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16.19
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9.45
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51
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282
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117
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incl
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17.00
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18.25
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1.25
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27.70
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14.70
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68
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227
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110
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SLD-18
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9.00
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24.00
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15.00
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2.11
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3.73
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171
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1377
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213
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incl
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11.00
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22.30
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11.30
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2.59
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4.30
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170
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1368
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196
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incl
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14.00
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16.00
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2.00
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9.73
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9.40
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153
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2030
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120
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*Interval represents down hole core length; true widths cannot be
reliably estimated at this time.
Table 2 - Drill Hole Specifications
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Hole_ID
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East
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North
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Altitude (m)
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EOH (m)
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Azimuth
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Dip
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Location
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SLD-17
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441018
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342991
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1855
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143.5
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170
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-45
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La Julia
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SLD-18
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441018
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342991
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1855
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157.5
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203
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-47
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La Julia
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To view all maps and figures please visit the Company's website at www.cliffmontresources.com
Drill core samples were analyzed by ALS Chemex Labs Ltd., an ISO
9001:2000 certified laboratory. Cliffmont maintains a QAQC program
whereby standard samples and blanks were inserted into each batch of
samples to ensure quality control.
Kieran Downes, P. Geo., a Qualified Person as defined by National
Instrument 43-101, has reviewed and verified the technical information
provided in this release.
ON BEHALF OF THE BOARD
"Jeff Tindale"
Jeff Tindale, President and CEO
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About Cliffmont Resources:
Cliffmont Resources Ltd. (TSX-V:CMO) is a Vancouver-based company
focused on the exploration of precious and base metals in Colombia's
prolific San Luis mining district. The Company has a 100% option in the
San Luis Project, comprising 2,701 hectares, including an exploitation
concession located on the Eastern flank of the Central Cordillera of
Colombia within the Department of Huila. As a well-funded first mover
in one of Colombia's most prolific under-developed gold districts, the
Company is conducting an aggressive and focused exploration program.
The San Luis Project consists of a 7km x 3km mineralized area that
spans hosting epithermal gold and silver targets, including multiple
past producing gold mines.
Forward Looking Statements. This Company news release contains certain "forward-looking" statements
and information relating to the Company that are based on the beliefs
of the Company's management as well as assumptions made by and
information currently available to the Company's management. Such
statements reflect the current risks, uncertainties and assumptions
related to certain factors including, without limitations, competitive
factors, general economic conditions, customer relations, relationships
with vendors and strategic partners, the interest rate environment,
governmental regulation and supervision, seasonality, technological
change, changes in industry practices, and one-time events. Should any
one or more of these risks or uncertainties materialize, or should any
underlying assumptions prove incorrect, actual results may vary
materially from those described herein.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release."
SOURCE: Cliffmont Resources Ltd.
