Cliffmont Resources (CMO.V) has announced excellent drill results at the newly discovered La Julia-zone. The first hole at the zone intersected an exciting 10.5m at 5.9g/t gold and 3g/t silver.
This is obviously an excellent result on a previously unexplored part of the property. Jeff Tindale, CEO, comments ‘The mineralization occurs at very shallow depths, possibly in the sub crop, and is open in all directions’. We agree with his view that this discovery is an example of the blue sky possibilities of the San Luis project.
We feel the market continues to underestimate the potential of Cliffmont’s San Luis project. The fact that the company might have small-scale production within 12-18 months is a major catalyst most people forget about. The current management team is quietly ticking all boxes, and we are quite confident Cliffmont Resources might be able to self-fund all their exploration activities in the near future.
→ Download the press release
→ Read our recent Q&A with CEO Jeff Tindale
Disclosure: Cliffmont Resources Ltd. is a sponsoring company. Please see our disclaimer for current positions.
