White Cliff Minerals : High Grade Gold Intersected in Final 2016 Drill Holes

16 January 2017	ASX Code: WCN
High Grade Gold Intersected in Final 2016 Drill Holes

Highlights:

• Additional high grade gold assays received in final 2016 drill holes including:

  • 3 metres at 11.9 g/t gold o 3 metres at 11.2 g/t gold o 5 metres at 7.6 g/t gold

• Aucu Gold Project activities underway this quarter

  • New JORC compliant resource estimate due for completion in March

  • Gold and copper metallurgical test work in progress at Bureau Veritas laboratory in Perth

  • Preliminary open pit mining optimisation study to follow resource estimate

  • Exploration and drill planning underway for 2017 field season

White Cliff Minerals Limited ("White Cliff" or the "Company") is pleased to report the final 2016 drilling results from the Aucu gold project.

Gold mineralisation has been intersected in each of the last three holes at the Quartz Zone extending the identified mineralisation a further 50 metres along strike. In addition, 50 metres further southeast on section 2880, channel sampling identified gold mineralisation in outcrop that returned assay results of 3 metres at 3.8 g/t gold. The extent of mineralisation at the Quartz Zone remains open along strike and at depth.

Drill hole ERC16-41 intersected gold mineralisation both within the quartz reef and in the surrounding alteration halo (Figure 1). Assay results include 3 metre at 11.2 g/t gold. ERC16-42 intersected 3 metres at 11.9 g/t gold and ERC16-43 intersected 5 metres at 7.6 g/t gold.

Current Project Activities

Following the successful completion of the 2016 drilling campaign the Company is undertaking a new JORC compliant resource estimate to be conducted by highly regarded mining consultants CSA Global. Results are expect in March

Following the resource estimate a preliminary open pit mining optimisation study will be conducted to establish the baseline economics of the project, to form part of an application for a mining license and to assist with optimising future drill programs.

In conjunction with the resource estimate the Company is also conducting a substantial gold and copper metallurgical test work program to better outline potential processing options for the deposit.

Provided the metallurgical test work produces the high gravity gold recoveries (88.8% gravity recoverable and 99% total recoverable gold) encountered in previous studies the Company believes that a low cost simple gravity plant could allow the project to provide substantial cash flow within a short time frame.

Managing Director Todd Hibberd commented that "The final 2016 drill results continue to extend the high grade Quartz Zone with mapping and rock chip sampling indicating further strike extension for at least another 100 metres to the southeast. The zone remains open along strike and at depth and will be the focus of further drilling in 2017.

White Cliff Minerals Limited ABN 22 126 299 125 Suite 2, 47 Havelock Street, West Perth WA 6005, PO Box 368 West Perth WA 6872. Telephone [phone] Facsimile [phone] www.wcminerals.com.au

Overall the 2016 drill program has successfully discovered new high grade near surface gold zones containing substantial visible gold. The results from the 2016 drill program will be used to calculate a new JORC compliant resource which should be available before the end of the first quarter of 2017".

EGZ15-35:

8m at 55 g/t Au inc;

1m at 85 g/t Au

ERC16-29

7m at 3.1 g/t Au inc;

1m at 9.5 g/t Au

Visible gold in outcrop

ERC16-030:

5m at 9.9 g/t Au inc;

1m at 41.5 g/t Au

ERC16-032

3m at 14.3 g/t Au inc;

1m at 41.6 g/t Au

ERC16-033

4m at 12 g/t Au inc;

1m at 41.3 g/t Au and;

9m at 8.3 g/t Au inc: 1m at 21.6 g/t Au and; 1m at 24 g/t Au

ERC16-031

3m at 9.8 g/t Au inc;

1m at 25.6 g/t Au

ERC16-35

11m at 15.2 g/t Au inc; 1m at 149.5 g/t Au and; 66m at 0.91% Cu inc; 18m at 1.85% Cu

ERC16-34

3m at 4.6 g/t Au inc;

1m at 11.4 g/t Au

ERC16-38

5m at 4.5 g/t Au inc; 1m at 11.5 g/t Au and; 12m at 0.72% Cu

ERC16-36

12m at 15.6 g/t Au inc; 2m at 79.2 g/t Au and; 12m at 0.81% Cu inc; 2m at 1.8% Cu

ERC16-41: 3m at 11.2 g/t Au ERC16-42: 3m at 11.9 g/t Au ERC16-43: 5m at 7.6 g/t Au

Figure 1: Map showing Quartz Zone and location of outcropping quartz veins (red), drill assay results (new results in light yellow text boxes) and completed RC drilling.

Figure 2: Cross section 2920 showing gold mineralisation intersected in drill holes ERC16-41 to ERC16-43.

Table 1: Summary of Section 2920 mineralised intersections

Hole ID	From	To	Interval	Gold (g/t)	Copper %
ERC16-41	13	14	1	12.55	0.15
ERC16-41	14	15	1	9.77	0.07
ERC16-41	15	16	1	11.37	0.10
ERC16-42	45	46	1	15.80	0.28
ERC16-42	46	47	1	12.75	0.31
ERC16-42	47	48	1	7.28	0.27
ERC16-42	89	90	1	1.53	0.12
ERC16-43	93	94	1	15.97	0.16
ERC16-43	94	95	1	4.68	0.52
ERC16-43	96	97	1	15.40	0.30
ERC16-43	97	98	1	1.78	0.32

Gold Rich Quartz Zone Continues to Expand

The high grade results intersected in drill holes ERC16-41 to ERC16-43 extend the quartz zone a further 50 metres southeast along strike (Table 1-2). Drill defined gold mineralisation has been identified along the quartz reef over a distance of 265 metres. Mineralised outcrop containing visible gold extends along the exposed quartz reef over a distance of 350 metres (Figure 1).

Table 2: Summary of Quartz Zone drill results to date:

Section elevation	Hole	Interval	Gold (g/t)	From depth	Including	At	Gold (g/t)
3080	UGZ15-35	8 metres	@	55 g/t gold	75 metres	1 metre	@	85.0 g/t gold
3020	ERC16-30	5 metres	@	9.9 g/t gold	3 metres	1 metre	@	41.5 g/t gold
3020	ERC16-29	7 metres	@	3.2 g/t gold	26 metres	1 metre	@	9.5 g/t gold
3020	ERC16-29	19 metres	@	0.74% copper	22 metres	2 metres 2 metres	@ @	2.4% copper 1.5% copper
3000	ERC16-33	4 metres	@	12 g/t gold	49 metres	1 metre	@	41.3 g/t gold
3000	ERC16-33	7 metres	@	3.3 g/t gold	82 metres	1 metre	@	9.5 g/t gold
3000	ERC16-33	9 metres	@	8.3 g/t gold	96 metres	1 metre	@	21 g/t gold
3000	ERC16-33	1 metre	@	24 g/t gold
3000	ERC16-33	34 metres	@	1.35% copper	71 metres	7 metres	@	5.1% copper
3000	ERC16-32	12 metres	@	5.1 g/t gold	34 metres	2 metres	@	26.2 g/t gold
3000	ERC16-31	3 metres	@	9.8 g/t gold	9 metres	1 metre	@	25.6 g/t gold
2980	ERC16-34	3 metres	@	4.6 g/t gold	8 metres	1 metre	@	11.4 g/t gold
2980	ERC16-35	11 metres	@	15.2 g/t gold	42 metres	1 metre	@	149 g/t gold
2980	ERC16-35	66 metres	@	0.91% copper	33 metres	18 metres	@	1.85% copper
2980	ERC16-36	12 metres	@	15.6 g/t gold	82 metres	2 metre	@	79.2 g/t gold
2970	ERC16-38	5 metres	@	4.5 g/t gold	3 metres	1 metre	@	11.5 g/t gold
2920	ERC16-41	3 metres	@	11.2 g/t gold	13 metres	1 metre	@	12.5 g/t gold
2920	ERC16-42	3 metres	@	11.6 g/t gold	45 metres	1 metre	@	15.8 g/t gold
2920	ERC16-43	5 metres	@	7.6 g/t gold	93 metres	1 metre	@	16.0 g/t gold

Further Exploration

Drilling has been completed for the 2016 field season. A total of 4,045 metres were drilled consisting of 16 diamond holes and 17 RC holes as detailed in Table 2.

The Company is currently compiling all drilling, mapping, rock chip sampling and trenching data in preparation for the calculation of a new JORC compliant resource estimate. CSA Global and Kyrgyz mining consultants Alp-project have been engaged to conduct the resource estimate. The estimate is expected to be available in March.

On completion of the resource estimate the Company will conduct a preliminary open pit mining optimisation study to establish the base line economics of the project. The optimisation work will assist with the preparation and lodgement of a formal mining license application.

The Company is also conducting further metallurgical test work to establish the most likely gold processing method. The metallurgical test work results should also be available in March.

The Company is currently planning RC and diamond drilling for the commencement of field exploration in early April 2017. Further details will be released as they become available.

Table 3: Drilling completed in calendar 2016

Hole ID	Northing	Easting	Elevation	Azimuth	Dip	Length (m)	Zone
EGZ16-002	4,627,052	696,430	3054	30	-60	150	EGZ
EGZ16-003	4,627,027	696,422	3056	30	-60	224	EGZ
EGZ16-004	4,627,085	696,393	3020	35	-60	120	EGZ
EGZ16-005	4,627,017	696,467	3090	30	-60	100	EGZ
EGZ16-006	4,627,074	696,488	3093	235	-60	100	EGZ
EGZ16-007	4,626,972	696,504	3125	30	-60	100	EGZ
EGZ16-008	4,626,940	696,463	3110	30	-60	150	EGZ
EGZ16-010	4,626,905	696,631	3068	235	-60	150	EGZ
EGZ16-011	4,626,910	696,570	3082	30	-60	150	EGZ
EGZ16-012	4,626,866	696,722	3060	30	-60	150	EGZ
EGZ16-013	4,626,837	696,761	3052	30	-60	150	EGZ
EGZ16-017	4,626,943	696,706	3090	30	-60	100	EGZ
EGZ16-018	4,626,918	696,690	3076	30	-60	200	EGZ
EGZ16-019	4,626,891	696,675	3062	30	-60	250	EGZ
EGZ16-022	4,626,887	696,792	3090	30	-60	101	EGZ
EGZ16-023	4,626,859	696,775	3070	30	-60	100	EGZ
ERC16-025	4,626,838	696,836	3050	235	-60	120	Q zone
ERC16-028	4,626,800	696,856	3028	235	-60	130	Q zone
ERC16-029	4,626,789	696,845	3023	235	-60	100	Q zone
ERC16-030	4,626,780	696,833	3018	235	-60	70	Q zone
ERC16-031	4,626,752	696,854	3002	235	-60	70	Q zone
ERC16-032	4,626,762	696,866	3003	235	-60	100	Q zone
ERC16-033	4,626,771	696,880	3004	235	-60	130	Q zone
ERC16-034	4,626,724	696,877	2978	235	-60	70	Q zone
ERC16-035	4,626,733	696,888	2979	235	-60	100	Q zone
ERC16-036	4,626,745	696,900	2,981	235	-60	130	Q zone
ERC16-037	4,626,693	696,879	2,965	230	-60	70	Q zone
ERC16-038	4,626,716	696,899	2,967	230	-60	80	Q zone
ERC16-039	4,626,724	696,914	2,967	230	-60	120	Q zone
ERC16-040	4,626,739	696,920	2,969	230	-60	150	Q zone
ERC16-041	4,626,659	696,932	2,918	230	-60	70	Q zone
ERC16-042	4,626,671	696,949	2,918	230	-60	100	Q zone
ERC16-043	4,626,684	696,967	2,922	230	-60	130	Q zone
Total Completed	4,045

Coordinate system is: UTM WGS84 Zone 42 North

Aucu Gold Deposit Summary

As previously reported (ASX releases 24 Mar 15 and 02 Apr 15), the Company announced a maiden inferred resource for the Aucu gold deposit above a cut-off grade of 1 g/t gold of 1.15 Million tonnes grading 4.2 g/t gold for 156,000 ounces1 of contained gold.

In 2015, drilling identified exceptional gold mineralisation2 to the east of the Upper Gold Zone (UGZ) over a strike length of at least 500 metres (ASX releases 11 Nov 15, 1 Dec 15 and 7 Dec 15). Results included: