VANCOUVER, May 7, 2013 /CNW/ - Cliffmont Resources Ltd. (TSX-V - CMO)
("Cliffmont" or the "Company") is pleased to provide a progress update
on the San Luis gold project in the Huila Department, Colombia.
Cliffmont has maintained an aggressive field program primarily focused
on the La Julia and San Jorge target areas.
The current work program includes:
Soil sampling grid at La Julia over an area 1.5km x 400 metres (632
Detailed structural and geological mapping at Los Azules, Merceditas and
El Callao/San Jorge targets
Environmental licensing for San Jorge production is underway
Geochemical program south of San Jorge Mine
Review and geological mapping of historic tunnels
The Company has maintained all of its licences, permits and property
La Julia Target Highlights:
As previously reported (News Release of January 17, 2013), two drill
holes intersected significant shallow gold mineralization in a new area
of stockwork mineralization. The mineralization is open along strike
and at depth. The intersections in SLD-17 and SLD-18 indicate a
previously unknown area of shallow gold-silver mineralization of
Hole SLD-17 intersected 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 starting at 10.5 metres down
Hole SLD-18 intersected 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
starting at 11.0 metres down hole
The current exploration program comprises mapping, prospecting, sampling
of old workings, and soil sampling to identify the extent and
extensions of the La Julia discovery. Regionally, numerous old mine
workings have been located and sampled when accessible. The Company has
completed structural and geological mapping of the area and prospecting
of structures is continuing. Cliffmont is also conducting a large soil
sampling program of the area of mineralization (1.3km x 400m) at La
Julia prospect to trace the new discovery and to identify the next
targets for the coming phase of drilling.
Historical, current and check assays from the La Julia area are
presented on Tables 1, 2 and 3, and Map 1. The interpreted fault
pattern in the La Julia prospect is that of a braided system oriented
NW/SE. The interpreted vein systems range from sub paralleling the
interpreted faults to high angle tensional features. A number of
important mineralized areas are apparent and more may be identified
with ongoing prospecting, mapping and the Company's soil sampling
program. Cliffmont plans to develop and rank diamond drill targets
throughout the La Julia prospect for further testing..
"We are very pleased with the progress we are making in a multi-faceted
program. We continue to expand on the discovery at La Julia while
working through the environmental licensing for small production at San
Jorge. As we continue to remain focused on a two tiered business plan
the discovery at La Julia is a testament to the untested potential for
thicker zones of mineralization at the San Luis Project," said Jeff
Tindale President and CEO.
San Jorge Target Highlights:
Secured surface rights
Environmental licensing underway
San Jorge mine has two exploitation contract concessions
Historical sampling averaged 39.09 grams per tonne gold and 11.66 grams
per tonne silver over a width of 1.52 metres for 71.72 metres with
recent drilling confirming continuity at depth(See press release dated
At San Jorge, the Company is currently going through the environmental
licensing process for a small scale (100tpd) gold production facility.
There is a current environmental license which is being amended to
conform to Cliffmont's criteria.
The past producing mine now has limited access and new development will
take place parallel to Level 1872 where in 1997 TVX Mineria Ltd.
tunnel sampling averaged 39.09 grams per tonne gold and 11.66 grams per
tonne silver over a width of 1.52 metres for 71.72 metres.
The Company estimates mineralization occurring within an approximate
area of 1.5km by 1km based on mapping of structural features combined
with the geophysical data between San Jorge and Callao. Focus is
towards the southern part of the San Jorge mine area expanding the
southern extension of the San Jorge vein and checking veins and
veinlets (Az 70 ° -110 °) found in the El Oso creek which appears to
mark a sub-parallel structure.
The Company is also continuing work checking the continuity of the E-W
mineralization targets between El Callao and San Jorge (1km) to verify
the extent and relationship of these two mineralized structures at
depth according to geophysical data analysis.
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. The San Jorge results show the high-grade mineralization
continues to depth and has identified a large area of potential
mineralization. (See press release dated 2013-01-08)
San Jorge drilling highlights included:
Hole SLD-19 intersected 39.24 grams per tonne gold and 15.35 grams per
tonne silver over 2.40 metres 80m below Level 1872
Hole SLD-04 intersected gold mineralization averaging 17.87 g/t gold
over 3.0 metres
Hole SLD-03, a deeper test of the mineralization, intersected 11.44 g/t
gold over 2.08 metres approximately 70 metres below level 1872.
To view all maps and figures please visit the Company's website at www.cliffmontresources.com
All samples are being 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, President and CEO
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 first
mover in one of Colombia's most prolific under-developed gold
districts, the Company is well funded and is currently conducting an
aggressive, but focused, exploration program. The San Luis Project
consists of a mineralized area that spans over 7km x 3km hosting
epithermal gold and silver targets, including multiple past producing
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."
PDF available at: http://stream1.newswire.ca/media/2013/05/07/20130507_C4211_DOC_EN_26449.pdf
SOURCE: Cliffmont Resources Ltd.
For further information:
Telephone: (604) 568-6894
Facsimile: (604) 568-6834