https://www.miningweekly.com

White Cliff soars on gold nugget find

21st May 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – The share price of ASX-listed White Cliff Minerals increased by about 57% on Thursday, on news of the discovery of substantial gold nuggets from the Mt Remarkable project, in Western Australia.

The two nuggets weighed 8 oz and 10 oz respectively, and have been valued at A$27 000.

The nuggets were recovered by a local prospector operating under a tribute agreement with the company. White Cliff MD Todd Hibberd said that the area where the nuggets were located had had minor previous exploration, including two trenches and surface sampling.

The quartz reef had not been tested, and White Cliff would now conduct further exploration to assess the potential for substantial gold deposits.

“The discovery of two gold nuggets of that size is a significant find that upgrades the prospectivity of the Mt Remarkable project. The size and strength of the gold anomaly is highly encouraging and warrants follow-up drilling,” Hibberd said.

White Cliff was trading at a high of 1.4c a share on Thursday, up from an opening price of 0.8c a share.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ASTPM
ASTPM

Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...

VISIT SHOWROOM 
CSIR International Convention Centre (CSIR ICC)
CSIR International Convention Centre (CSIR ICC)

CSIR International Convention Centre (CSIR ICC) - the leading conference and events venue in Pretoria/Tshwane.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.052 1.14s - 110pq - 2rq
Subscribe Now