9 November 2016
White Cliff Minerals Limited is pleased to offer eligible shareholders:
Share Purchase Plan Offer
The Company is offering:
Recent Share Placement Heavily Oversubscribed
The Company has just completed a $1.5 Million dollar placement to sophisticated investors. The placement was heavily oversubscribed with demand exceeding $2 Million dollars.
Kyrgyz Gold Project Delivering Substantial Drilling Results
Drilling at the Aucu Gold Project is delivering substantial gold mineralisation from surface. Current results include:
Assay results for a further nine holes are pending. Drilling is ongoing.
Visible Gold at Surface Supports High Grade Drilling Intersections at Depth
Drilling at depth has confirmed the visible gold identified in surface outcrops of quartz veining. The Quartz Zone outcrops at surface in all six road cuttings completed and visible gold has been identified in rock samples at surface in all six road cuttings over an elevation range of 140 metres to date. The quartz zone has been mapped and extends at least 450 metres along strike and is open in both directions.
West Australian Gold Projects Provide Exploration Spice
Recently the Company identified multiples gold in soil anomalies at the Merolia Project in Western Australia.
The anomalies have gold in soil values greater than 100ppb gold with results as high as 42100ppb (42.1 g/t gold). These results are considered exceptional and the Company has lodged applications to drill the three gold anomalies in late 2016 or early 2017.
Taking Up your Share Purchase Plan Offer
Given the exceptional demand for the recently completed placement, you are encouraged to get your applications in quickly to ensure you get you desired allocation.
Application forms were dispatched today and applications will be processed on a first come first served basis.
For further information, please see the link below to today’s ASX announcement.