cliffmont resources ltd (CVE1:Frankfurt)
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Cliffmont Resources Ltd., a junior resource company, engages in the acquisition and exploration of mineral properties in Colombia. The company focuses on precious and base metal properties. It holds an interest in the San Luis gold project that covers approximately 2,701 hectares in Huila, Colombia. The company was formerly known as Atlas Minerals Inc. and changed its name to Cliffmont Resources Ltd. in February 2010. Cliffmont Resources Ltd. is headquartered in Vancouver, Canada.
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cliffmont resources ltd (CVE1) Key Developments
Cliffmont Resources Ltd. provided a progress update on the San Luis gold project in the Huila Department, Colombia. Cliffmont has maintained an aggressive field program primarily focused on the La Julia and San Jorge target areas. The current work program includes: Soil sampling grid at La Julia over an area 1.5km x 400 metres (632 samples); Detailed structural and geological mapping at Los Azules, Merceditas and El Callao/San Jorge targets; Environmental licensing for San Jorge production is underway; Environmental licensing for San Jorge production is underway; Geochemical program south of San Jorge Mine; Review and geological mapping of historic tunnels. The mineralization is open along strike and at depth. The intersections in SLD-17 and SLD-18 indicate a previously unknown area of shallow gold-silver mineralization of significant grade: Hole SLD-17 intersected 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 starting at 10.5 metres down hole; Hole SLD-18 intersected 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 starting at 11.0 metres down hole. The current exploration program comprises mapping, prospecting, sampling of old workings, and soil sampling to identify the extent and extensions of the La Julia discovery. Regionally, numerous old mine workings have been located and sampled when accessible. The company has completed structural and geological mapping of the area and prospecting of structures is continuing. Cliffmont is also conducting a large soil sampling program of the area of mineralization (1.3km x 400m) at La Julia prospect to trace the new discovery and to identify the next targets for the coming phase of drilling.
Cliffmont Resources Ltd filed its Annual on Jan 28, 2013 for the period ending Sep 30, 2012. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Cliffmont Resources Ltd. announced 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. 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. La Julia Drilling: 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; The central part of the zone (13.0 to 17.0 metres) assayed 0.18 g/t gold over 4.0 metres; 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; 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. 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; The upper part of the zone (9.0 to 14.0 metres) assayed 0.89 g/t gold over 5.0 metres; The central high part of the zone (14.0 to 16.0 metres) assayed 9.73 g/t gold over 2.0 metres; 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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To contact CLIFFMONT RESOURCES LTD, please visit www.atlasminerals.ca. Company data is provided by Capital IQ. Please use this form to report any data issues.
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