Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Gold Explorer Completes Sampling at Two BC Properties
News Update

Share on Stocktwits


Goldcliff Resource Corp. provided an update on the status of operations at its British Columbia Properties.

Kettle Valley

In a news release, Vancouver-based Goldcliff Resource Corp. (GCN:TSX.V; GCFFF:OTCBB) provided an operational and financial update.

The company indicated that it just completed prospecting, surface and geochemical sampling at its Ainsworth silver property. The firm said this area located between the old No. 1 mine and the Silver Hoard area had not been prospected and sampled previously. Goldcliff noted that the No. 1 and Silver Hoard are the Ainsworth district's two highest grade former producers. The company stated that it will provide a detailed summary of the results from the sampling program after all the samples have been analyzed.

The firm also reported that it has now completed detailed mapping and surface sampling of the Kettle Valley epithermal gold occurrence. The company said that lithic drainage sediment geochemical sampling at Kettle Valley is approaching completion and that a Notice of Work has been submitted to permit trenching and drilling there.

Goldcliff also reported that it has arranged a non-brokered private placement of up to 7.5 million units at a price of $0.10 per unit for gross proceeds of $750,000.

According to the company, each of the units will consist of one common share and one-half common share purchase warrant and that for a period of two years from the date of closing, each whole warrant will entitle the holder with the option to purchase one additional common share at a price of $0.15 per share.

Goldcliff Resource's President George Sanders stated that the proceeds received from the offering will be used in part to fund pre-drilling exploration activities and drill permitting at Aurora West. The balance of the proceeds will utilized for all 2021 option and land payments, due diligence expenses associated with future acquisitions and for general working capital needs.


1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Goldcliff Resource Corp. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Goldcliff Resource Corp., a company mentioned in this article.

Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe