|By Marketwired .||
|December 5, 2013 03:13 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/05/13 -- George Sanders, President of Goldcliff Resource Corporation (TSX VENTURE: GCN), announces that the company has entered into a Sale and Purchase Agreement with Badger Minerals Ltd., a privately held non reporting issuer. Badger will earn a 25 per-cent interest in Goldcliff's Tulameen Copper property by funding a $250,000 exploration program by November 2014 and paying $25,000 upon signing. The $250,000 exploration program will include drilling the Whipsaw Trojan-Condor target. Upon completion of the $250,000 exploration program, the two companies will enter into a joint venture agreement for further development of the property to be funded 75 per-cent by Goldcliff and 25 per-cent by Badger. Goldcliff will be the project operator throughout.
The Tulameen Copper Project is near Princeton, BC, Canada and within the Copper Mountain Camp approximately eight kilometers southwest of the operating Copper Mountain Mine. The Whipsaw Trojan-Condor target has alkalic porphyry copper-silver-gold showings with rock samples that contain values ranging from 0.175% to 0.655% copper, 4.8 g/t silver and 0.17 g/t gold. The mineralization is chalcopyrite, malachite, pyrite, pyrrhotite and magnetite. These showings are located within the strong 3D Induced Polarization chargeability anomaly that has a depth of 500 metres and a surface area of about four square kilometres.
Leonard W. Saleken, P.Geo. (geologist), and Edwin R. Rockel, P.Geo. (geophysicist), are the qualified persons as defined by National Instrument 43-101 who supervised the preparation and verification of the technical information in this release. The qualified persons for this report are registered professional geoscientist with the Association of Professional Engineers and Geoscientists of British Columbia.
GOLDCLIFF RESOURCE CORPORATION
George W. Sanders, President and Director
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or the accuracy of this news release, gcnnews201208.