- Goldcliff (GCN) has begun a review of the silver component of its asset portfolio
- Of Goldcliff’s five properties, three are silver dominant, and of those, two are former high-grade districts where the company had sampled silver grades more than 1 kilo per tonne
- Gold prices recently moved above US$2,006.82/oz, and this strong move is reflected in the gold / silver ratio. Historically, silver outperforms gold during bull phases in precious metals cycles
- Goldcliff Resource Corp. (GCN) opened trading at $0.05 per share
In light of the recent strong move in silver prices, Goldcliff (GCN) has begun a review of the silver component of its asset portfolio.
Of Goldcliff’s five properties, three are silver dominant, and of those, two are former high-grade districts where the company had sampled silver grades more than 1 kilo per tonne.
Gold prices recently moved above US$2,006.82/oz, and this strong move is reflected in the gold / silver ratio. Historically, silver outperforms gold during bull phases in precious metals cycles.
The company has an option to purchase a 100 per cent interest in the historic Rand district in Mineral County, Nevada. Sampling by Goldcliff in 2019 returned values of 1,415 g/t Ag over 2 metres from a chip sample.
At the Ainsworth silver property located near Kaslo, B.C., rock samples from float, sub crop and outcrop assayed up to 359 g/t and 355 g/t Ag in a reconnaissance programme in 2020. Follow up sampling in 2021 yielded a sub crop sample grading 1,381 g/t Ag.
The company also holds an option to earn a 100 per cent interest in the Kettle Valley project near Rock Creek, B.C. Two of the best gold values in surface outcrop samples taken in late 2021 also assayed 181 g/t Ag, and 93 g/t Ag respectively.
The Goldcliff team is continuing to formulate exploration plans for these projects.
Goldcliff is a multi-asset exploration and development company focused on projects where a bootstrap development strategy may be applicable.
Goldcliff Resource Corp. (GCN) opened trading at $0.05 per share.