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 |
| | | | - 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
| Prospect | Hole | From | To | Interval* | Au | Ag | Cu | Pb | Zn |
| | # | (m) | (m) | (m) | g/t | g/t | ppm | ppm | ppm |
| La Julia | SLD-17 | 10.50 | 21.00 | 10.50 | 5.90 | 3.30 | 33 | 164 | 77 |
| | incl | 10.50 | 13.00 | 2.50 | 7.49 | 2.71 | 32 | 104 | 50 |
| | incl | 10.50 | 12.07 | 1.57 | 9.90 | 4.20 | 38 | 105 | 52 |
| | and | 17.00 | 19.50 | 2.50 | 16.19 | 9.45 | 51 | 282 | 117 |
| | incl | 17.00 | 18.25 | 1.25 | 27.70 | 14.70 | 68 | 227 | 110 |
| | SLD-18 | 9.00 | 24.00 | 15.00 | 2.11 | 3.73 | 171 | 1377 | 213 |
| | incl | 11.00 | 22.30 | 11.30 | 2.59 | 4.30 | 170 | 1368 | 196 |
| | incl | 14.00 | 16.00 | 2.00 | 9.73 | 9.40 | 153 | 2030 | 120 |
*Interval represents down hole core length; true widths cannot be reliably estimated at this time.
Table 2 - Drill Hole Specifications
| Hole_ID | East | North | Altitude (m) | EOH (m) | Azimuth | Dip | Location |
| SLD-17 | 441018 | 342991 | 1855 | 143.5 | 170 | -45 | La Julia |
| SLD-18 | 441018 | 342991 | 1855 | 157.5 | 203 | -47 | La Julia |
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 | |
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.
