Rockcliff to Commence Drill Program at Snow Lake Project
posted on
Jan 19, 2011 08:40AM
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Jan. 19, 2011 (Canada NewsWire Group) --
Trading Symbol RCR: TSXV
TORONTO, Jan. 19 /CNW/ - Rockcliff Resources Inc. (RCR: TSXV) is pleased to announce that drilling will commence shortly (early February) on its Snow Lake Project located in central Manitoba. A minimum of 10,000m of drilling is planned in approximately 45 holes. The majority of the holes planned are at the Tower, Lon and Rail Properties. Additional areas such as the Freebeth and Reed properties are also planned to be drill tested this winter. The targets include the Tower Zone at Tower, the Lon Deposit and DC Zone at Lon, the DPEM target north of the Rail Deposit at Rail and DPEM and airborne targets at Reed and Freebeth. All targets will be tested for their VMS potential to host mineralization rich in copper, gold, zinc and silver. The properties are situated within the Flin Flon greenstone belt, one of the most prolific and the largest Proterozoic VMS District in the world.
Tower Property: Recent drill results from six holes completed in November-December, 2010 on the Tower Property (see press releases of November 10, November 26 and December 20, 2010) are tabulated below. Drill intersections are not true thickness.
Borehole | From (m) |
To (m) |
Length (m) |
Copper % |
Gold g/t |
Zinc % |
Silver g/t |
TP10-001 | 234.35 | 237.00 | 2.65 | 3.4 | 1.2 | 0.7 | 18.6 |
includes | 234 | 236.00 | 2.00 | 4.5 | 1.5 | 0.9 | 24.3 |
Includes | 234.85 | 235.70 | 0.85 | 10.5 | 3.6 | 2.0 | 56.1 |
TP10-002 | 367.65 | 370.25 | 2.60 | 3.6 | 0.5 | 1.4 | 19.0 |
includes | 368.85 | 370.25 | 1.40 | 6.4 | 0.8 | 2.3 | 33.9 |
includes | 369.05 | 370.25 | 1.20 | 7.4 | 0.9 | 2.7 | 29.2 |
TP10-003 | 490.00 | 493.00 | 3.00 | 0.3 | 0.01 | 0.1 | 2.1 |
includes | 490.00 | 490.20 | 0.20 | 2.3 | 0.03 | 0.02 | 6.0 |
TP10-004 | 212.30 | 214.65 | 2.65 | 7.0 | 2.0 | 1.3 | 32.1 |
includes | 213.95 | 214.95 | 1.00 | 11.5 | 2.7 | 2.0 | 49.7 |
TP10-005 | 293.20 | 300.65 | 7.45 | 3.3 | 0.3 | 0.8 | 17.6 |
includes | 298.00 | 300.40 | 2.40 | 9.8 | 0.9 | 2.2 | 51.5 |
TP10-006 | 412.20 | 414.80 | 2.60 | 2.0 | 0.4 | 0.5 | 8.9 |
includes | 414.25 | 414.45 | 0.20 | 11.8 | 1.87 | 2.7 | 46.5 |
and | 427.55 | 427.80 | 0.25 | 1.3 | 27.4 | 0.86 | 31.4 |
Drilling (20-25 holes) is planned to define and expand the known mineralization which has been traced for over 700m along strike and to a depth of 500m. The Tower Zone remains open in all directions.
Lon Property: Drilling (15-20 holes) will focus on two areas: The historic Lon Deposit (250,000T grading 3.2% copper, 5.2% zinc, 18.8g/t silver, 0.34g/t gold. Although the resource is viewed as reliable and relevant based on the information and methods used at the time they do not satisfy the requirements set out by NI 43-101. Neither Rockcliff nor its Qualified Persons have done sufficient work to classify the historic estimate as a current mineral resource and are not treating the historic estimate as a current mineral resource. The historic resource should not be relied upon) and an area known as the DC Zone which is located 8 km south of the Lon Deposit. The DC Zone is identified by abundant surface VMS alteration and a 6.12% zinc surface showing located above an untested, buried 600m long-13 channel DPEM conductor.
Rail Property: Drilling (4-8 holes) will focus on a large DPEM target identified immediately north of the NI 43-101 compliant Rail Deposit (Indicated Resource of 822,000T grading 3.04% copper, 0.90% zinc, 0.66g/t gold, 9.25g/t silver. Mineral resources are not mineral reserves and do not have demonstrated economic viability). One hole from last year's drill program intersected 1.25m grading 3.85% copper and 2.79g/t gold possibly along the top edge of the DPEM target. The DPEM target has a strike length of 1 km and a vertical depth of over 1 km.
Freebeth Property: Drilling (3-5 holes) will test an area where previous borehole surveys detected several untested off-hole anomalies in an altered series of juvenile arc rocks. All VMS mines in the Flin Flon greenstone belt are hosted in juvenile arc rocks.
Reed Property: Drilling (3-5 holes) will test an untested ZTEM airborne anomaly with corresponding EM and magnetometer signatures associated within juvenile arc rocks.
Rockcliff has the exclusive right to earn a 100% interest in the Rail, Reed and Freebeth properties from Hudson Bay Exploration and Development Company Limited (HBED), a wholly owned subsidiary of HudBay Minerals Inc. (HBM: TSX). If Rockcliff earns its interest in the Rail, Reed and Freebeth properties, HBED will receive a 2% Net Smelter Return Royalty in each of the properties. If Rockcliff earns a 100% interest in the Rail, Reed and Freebeth properties, HBED then has a right to acquire up to a 65% interest in the Rail, Reed and Freebeth properties. Please refer to the Press Release dated March 23, 2007 for further details.
Rockcliff owns 100% interest in the Lon Property and is earning a 70% interest in the Tower Property from Pure Nickel Inc. (NIC: TSX).
Ken Lapierre P.Geo., President and CEO of Rockcliff Resources Inc., a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, is responsible for the information in this press release.
Rockcliff Resources Inc.
Rockcliff Resources Inc. is a Canadian resource exploration company focused on discovery and advancement of its high-quality mineral assets at its Snow Lake Project. Rockcliff presently controls the Snow Lake Project totalling in excess of 600 km2 located within and proximal to the Snow Lake Mining Camp. The project presently includes the NI 43-101 compliant Rail Copper-Gold Deposit, three historic VMS (copper-gold) deposits (Lon, Reed and Kof), the Tower VMS(copper-gold) Prospect, a former gold mine (Century Mine), one gold deposit (C-Zone) as well as additional areas with potential for VMS (copper-rich) and gold mineralization. Rockcliff also controls the Black Gold Property and the NI 43-101 compliant Shihan Silver-Zinc Deposit in northern Ontario.
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Rockcliff undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the Snow Lake Corporate Presentation and other information on Rockcliff please visit www.rockcliffresources.com or contact Ken Lapierre, P.Geo., President and CEO of Rockcliff Resources Inc. at (416) 863-9800 or by email at klapierre@rockcliffresources.com