White Cliff Minerals Limited (ASX: $WCN) has announced the confirmation of a large system at the Reedy South Gold Project. The drilling results demonstrate extensive strike and depth-extensions around the existing inferred 2012 JORC Mineral Resource Estimate of 42,400 ounces of gold. The project, located within trucking distance of multiple existing operating gold plants in Western Australia, has shown encouraging results, confirming continuity of the mineralised system in all directions and at depth.
The drill program, designed to test depth and strike extensions to the known mineralisation at Reedy's, has revealed the scale of the newly identified structures, which appear to be increasing in size in and around the existing resource and extend laterally for several hundred meters to the north and south. The Managing Director, Troy Whittaker, expressed surprise at the scale of the newly identified structures and the growth of the system at depth. The company plans to review the new information in detail and determine the next steps, including deeper drilling, to optimize value for shareholders.
The drilling results at the Reedy South Gold Project have confirmed the continuity of mineralisation proximal to the existing JORC Mineral Resource, as well as laterally along strike and at depth. The company is encouraged by the potential for resource growth and the scale of the newly identified structures. White Cliff Minerals aims to further analyze the new information and consider deeper drilling to maximize value for its shareholders. The project's proximity to existing operating gold plants and the proven Goldfield in Western Australia positions it favorably for potential future developments.