VANCOUVER, Jan. 8, 2013 /CNW/ - Cliffmont Resources Ltd. (TSX-V - CMO) ("Cliffmont" or the "Company") is pleased to announce further drill results from the 2012 Phase I drill program at the San Luis Project in Huila Department, Colombia. A total 2203.9 metres (12 holes) from the San Jorge, El Callao and Merceditas prospects are being reported. Further drill results are expected shortly from the La Julia area which lies in the north of the property and is a newly identified gold target. Cliffmont's current drill program is the first drill program ever undertaken on the San Luis project.
Jeff Tindale, President and CEO states, "We are very pleased with the drill results from San Jorge and El Callao as they confirm the mineralization continues at depth and also confirm that the areas of high grade mineralization seen in historical underground sampling can potentially be mined in the future.
The Company is currently assessing options for drifting on the mineralized veins to fully explore them and to delineate areas of potential economic mineralization for a possible small scale mining operation."
The Company's strategy is to test for continuity of mineralization below past producing mines. The plan includes the evaluation and blocking out of mineralization to explore the possibilities of a near term production decision while continuing to explore and evaluate numerous other larger areas of wider mineralization. The San Jorge prospect has two exploitation contract concessions and is the first area for advanced development work in the extensive San Luis project area.
About Cliffmont Resources:
Cliffmont Resources Ltd. (TSX-V:CMO) is a Vancouver-based company focused on the exploration of precious and base metals in Colombia's prolific San Luis mining district. The Company has a 100% option in the San Luis Project, comprising 2,701 hectares, including an exploitation concession located on the Eastern flank of the Central Cordillera of Colombia within the Department of Huila. As a well-funded first mover in one of Colombia's most prolific under-developed gold districts, the Company is conducting an aggressive and focused exploration program.
The San Luis Project consists of a 7km x 3km mineralized area that
spans hosting epithermal gold and silver targets, including multiple past
producing gold mines.
SOURCE Cliffmont Resources Ltd.