Suppliers News (August 06, 2007)

Goldcliff hires Fugro to survey B.C. properties

Goldcliff Resource (GCN-V, GCFFF-O) has hired Fugro Airborne surveys to fly several electromagnetic and magnetic surveys over Goldcliff properties in southeastern British Columbia, as part of an overall effort to get better geophysical data.

The first phase involves a multi-sensor, geophysical helicopter- airborne survey totalling 2,400 line-km over Goldcliff’s Ainsworth silver-moly property and the Big Sheep Creek uranium project.

Goldcliff chose Fugro’s digital “Resolve” electromagnetic equipment, a frequency domain system that provides six frequencies in a sensor package towed under a helicopter in an electromagnetic “bird.” An optically pumped Cesium magnetometer is used with the magnetic sensor housed in the bird.

The system offers high resolution EM and magnetic data because the sensors fly closer to the targets than other airborne systems and helicopters move more slowly over the survey lines.

Fugro’s radiometric system is a 256-channel, gamma-ray spectrometer that uses a 16.8-litre (1,024 cubic inches) downward-looking NaI crystal detector and a 4.2-litre (256 cubic inches) upward-looking cosmic radiation detector.

Radiometric data will be used as an additional tool to map geology in detail and, by examining ratios of various radio-elements, detect specific alteration areas that have been proven to be prospective for economic mineral occurrences.

The Ainsworth silver-moly property covers 570 sq. km in the Selkirk and Purcell Mountains of the Kootenay region. Most of the silver mined in the district was high grade and came from shears and veins in intrusive and sedimentary rocks. Goldcliff says the silver deposits that were mined had grades of 1,000 to 2,000 grams silver per tonne.

On the east side of Kootenay Lake, Goldcliff is targeting molybdenum mineralization and the Loki molybdenum occurrence. In 1980, Duval International Corp. discovered the Loki molybdenum showing after identifying a kilometre-long molybdenum soil geochemical anomaly. Loki contains values as high as 1,180 parts per million, or 0.12% molybdenum from outcrop.

The Big Sheep Creek uranium project covers 324 sq. km and is located in the Boundary region in southern British Columbia’s Monashee Mountains.

Cabo awarded Cypress’s Broulan Reef drilling contract

Cabo Drilling’s (CBE-V, CBEEF-O) Ontario subsidiary, Cabo Drilling Corp., of Kirkland Lake, Ont., was awarded a contract by Cypress Development (CYP-V, CYDVF-O) for 15,000 ft. of core drilling on Cypress’s Broulan Reef gold project, in Red Lake, Ont.

Cabo will use a JKS Boyles BBS-75 diamond drill capable of reaching 2,400 metres below surface. The rig should arrive at Broulan Reef sometime in September.

The program will begin on the eastern boundary of the property where the target is the Balmer assemblage of rocks. The “mother-hole” will enter the Balmer Assemblage at its shallowest point on the east side of the property and continue to the northwestern corner of the claims.

When that’s done, Cabo will drill a series of holes wedged off the main hole to explore the north half of the property.

Cypress plans to drill a second mother-hole from the same general location on the east side of the property. This second hole will be directed generally south-southwest across Broulan Reef to explore the known major geological nose fold.

Vancouver-based Cypress Development also has properties in Nevada.

Cabo is headquartered in North Vancouver, with divisions in: Surrey, B.C.; Montreal; Kirkland Lake, Ont.; and Springdale, Nfld.; as well as operations in Mexico, Panama and Spain.