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News: White Cliff Minerals receives initial substantial shareholding notice

  1. White Cliff Minerals (ASX:WCN) has received a notice of initial substantial shareholding from Mark Andrew Tkocz with a 6.44% interest in the company.

    Tkocz acquired 30,000,010 shares between 31st July 2013 and 6th February 2015 for a total of $278,004.

    In February 2015, the company intersected multiple zones of high grade gold mineralisation in the second mineralised system identified at the Aucu deposit of its Chanach Project in the Kyrgyz Republic.

    This supports previous reserve circulation drilling that identified extensive high grade mineralisation within two shear zones within the new Copper Gold Zone (CGZ).
           
    The CGZ occurs 120 metres above and parallel to the mineralisation identified at the Lower Gold Zone (LGZ).

    In addition, the new results are along strike from previous reported mineralisation in drill holes CH14-17 and CH14-18.

    New assays results are:

    - 5 metres at 4.7 grams per tonne gold from 20 metres;
    - 6 metres at 7.5g/t gold from 36 metres including 1 metre at 30.6g/t gold; and
    - 4 metres at 6g/t gold from 80 metres.

     

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