Rockcliff Metals Corporation (
“Rockcliff” or the
“Company”) (CSE: RCLF) (FRANKFURT: RO0, WKN:
A2H60G) is pleased to announce that new drill core assay
results have extended high-grade mineralization below the existing
100% owned NI 43-101 Indicated resource Rail deposit, located in
Snow Lake, Manitoba. The Rail property drill program has now
been increased to 15,000 metres from its original 10,000-metres.
The increase in drill metres is the result of positive assay
results (tabled below) which has extended copper mineralization
below the Rail deposit from 200 metres vertical to 500 metres
vertical. Additional drilling will also focus along strike of
the Rail deposit where several nearby priority-one geophysical
anomalies have been identified which could represent additional
copper-bearing mineralization.
The Company has received assay results from the
first five drill holes (see table below). All holes
intersected high-grade Volcanogenic Massive Sulphide (“VMS”)
mineralization below the Rail deposit.The results for drill holes
RL19-062 and RL19-064 were released on September 26, 2019.
Hole |
From (m) |
To (m) |
Length (m) |
Cu% |
Au gpt |
Zn% |
Ag gpt |
CuEq %* |
RL19-062 |
250.46 |
254.06 |
3.60 |
5.09 |
1.57 |
1.98 |
21.00 |
7.04 |
RL19-063 |
267.73 |
273.07 |
5.34 |
1.23 |
0.38 |
0.46 |
4.33 |
1.69 |
includes |
270.66 |
272.50 |
1.84 |
2.42 |
0.61 |
0.44 |
7.28 |
3.04 |
RL19-064 |
335.23 |
337.67 |
2.44 |
8.76 |
2.20 |
1.03 |
24.61 |
10.78 |
RL19-065 |
472.17 |
474.21 |
2.04 |
2.60 |
0.76 |
0.70 |
6.66 |
3.41 |
RL19-066 |
537.86 |
540.00 |
2.14 |
1.76 |
1.14 |
0.97 |
6.79 |
2.92 |
(m) = metres represent down the hole thickness
as true thicknesses are not currently known, g/t = grams per tonne.
*CuEq = copper equivalent value used: US$3.00/pound copper,
US$1300/ troy ounce gold, US$1.15/pound zinc and US$20 /per ounce
silver. 100% metal recoveries were applied. *CuEq = Cu grade (%) +
[Zn grade (%) X Zn price per lb / Cu price per pound] + [Au
grade (g/t) X Au price per gram / Cu price per tonne X 100] + [Ag
grade (g/t) X Ag price per gram / Cu price per tonne X 100].
Rockcliff’s President and CEO Alistair Ross
commented: “Drill results to date have extended high grade copper
mineralization below the existing Rail deposit to 500 metres
vertical. With two drills operating around the clock and a
total of 15,000 metres now budgeted, we look forward to determining
the limits of this extensive copper bearing system on the Rail
property."
Figure1: Rail
longitudinal section outlining Rail deposit, mineralized down the
hole drill intercepts and geophysical borehole anomalies associated
with and proximal to the Rail deposit.
To view an enhanced image of Figure 1, please
visit:
https://orders.newsfilecorp.com/files/3071/49825_adf07cc4649b9bd6_001full.jpg
Additional drill hole information is highlighted below.
Hole ID |
UTM Easting |
UTM Northing |
Dip (degrees) |
Azimuth (degrees) |
Depth (metres) |
RL19-062 |
397495 |
6068630 |
-50 |
270 |
533 |
RL19-063 |
397495 |
6068630 |
-59 |
270 |
380 |
RL19-064 |
397495 |
6068630 |
-66 |
270 |
476 |
RL19-065 |
397593 |
6068630 |
-62 |
270 |
636 |
RL19-066 |
397593 |
6068628 |
-68 |
270 |
695 |
The Rail Deposit: National Instrument 43-101 Indicated
Resource (“NI 43-101 Compliant Resource”)
Rockcliff filed an initial NI 43-101 Compliant
Resource on the Rail Deposit on December 20, 2010. The report
entitled “Mineral Resource Evaluation, Rail Polymetallic Sulphide
Deposit, Snow Lake, Manitoba”, dated December 19, 2010 (the
“Rail Deposit Report”), was prepared by Sébastien
Bernier, M. Sc., P.Geo, and Dominic Chartier, P.Geo., qualified
persons under National Instrument 43-101, on behalf of SRK
Consulting (Canada) Inc. (“SRK”). The Rail Deposit
Report is available for viewing on the SEDAR profile for Rockcliff
Resources Inc. (“Rockcliff Resources”), the
predecessor of the Company, at www.sedar.com.
The Mineral Resource Statement for the Rail
Deposit is reported at a cut-off grade of 2.0% copper. The
statement includes metal grades for copper, zinc, gold and silver
but not lead because this metal is present at near detection
limits. The Mineral Resource Statement for the Rail Deposit
is summarized in Table 1.
Table 1: Mineral Resource Statement*, Rail Polymetallic
Sulphide Deposit,
Manitoba, SRK, November 4, 2010
Resource Category |
Quantity |
Grade |
Contained |
(tonnes) |
Cu (%) |
Zn (%) |
Au (g/t) |
Ag (g/t) |
Cu (pounds) |
Indicated |
822,000 |
3.04 |
0.90 |
0.66 |
9.25 |
55,090,000 |
Inferred |
- |
- |
- |
- |
- |
- |
*Reported at a cut-off grade of 2.0 percent
copper. Cut-off grade is based on copper price of US$3.00 per
pound and a metallurgical recovery of eighty percent, without
considering revenues from other metals. All figures rounded
to reflect the relative accuracy of the estimates. Mineral
resources are not mineral reserves and do not have demonstrated
economic viability.
The mineral resources are reported at a cut-off
grade of 2.0%copper to reflect “the reasonable prospects” for
economic extraction. SRK considers the Rail Deposit to be
amenable to extraction using underground mining methods. The
mineral resources presented in the Mineral Resource Statement for
the Rail Deposit in Table 1 are not mineral reserves and do not
have demonstrated economic viability. There is no certainty
that all or any part of the mineral resources will be converted
into mineral reserves. The Indicated Mineral Resource
for the Rail Deposit was classified according to the CIM Definition
Standards for Mineral Resources and Mineral Reserves (December
2005) by Sebastien Bernier, P. Geo (APGO#1847), an appropriate
independent person for the purpose of National Instrument
43-101.
Quality Control and Quality Assurance
Samples of half core were packaged and shipped
directly from Rockcliff’s field office to TSL Laboratories (“TSL”),
in Saskatoon, Saskatchewan. TSL is a Canadian assay
laboratory and is accredited under ISO/IEC 17025. Each bagged
core sample was dried, crushed to 70% passing 10 mesh and a 250g
pulp was pulverized to 95% passing 150 mesh for assaying. A
0.5g cut was taken from each pulp for base metal analyses and
leached in a multi acid (total) digestion and then analyzed for
copper, lead, zinc and silver by atomic absorption. Gold
concentrations are determined by fire assay using a 30g charge
followed by an atomic absorption finish. Samples greater than
the upper detection limit (3000 ppb) are reanalyzed using fire
assay gravimetric using a 1 AT charge. Rockcliff
inserted certified blanks and standards in the sample stream to
ensure lab integrity. Rockcliff has no relationship with TSL other
than TSL being a service provider to the Company.
Ken Lapierre P.Geo., Vice-President, Exploration
of Rockcliff, a Qualified Person in accordance with Canadian
regulatory requirements as set out in NI 43-101, has reviewed and
approved the scientific and technical information that forms the
basis for the disclosure contained in this press release.
About Rockcliff Metals Corporation
Rockcliff is a well-funded Canadian resource
development and exploration company with near-term copper
production potential, and a fully functional +1000 tonnes per day
permitted leased processing and tailings facility. The
Company owns and options several advanced-stage, high-grade copper
and zinc dominant VMS deposits in the Snow Lake area of Manitoba.
The Company is a major landholder in the Flin Flon-Snow Lake
greenstone belt which is home to the largest Paleoproterozoic VMS
district in the world, hosting mines and deposits containing
copper, zinc, gold and silver. The Company’s extensive
portfolio of properties totals over 4,500 square kilometres and
includes eight of the highest-grade, undeveloped VMS deposits and
several lode-gold properties including the historic Rex-Laguna gold
mine, Manitoba’s first and highest-grade gold mine.
For more information, please visit
http://rockcliffmetals.comTwitter: @RockcliffMetalsFacebook:
Rockcliff Metals Corporation
For further information, please
contact:Rockcliff Metals
Corporation
Alistair
Ross
President &
CEO
Cell: (705)
507-4251
aross@rockcliffmetals.com
CHF Capital MarketsCathy Hume,
CEOOff: (416) 868-1079 ext. 231cathy@chfir.com
Cautionary Note Regarding
Forward-Looking Statements: This news release includes
forward-looking statements that are subject to risks and
uncertainties. Forward-looking statements involve known and unknown
risks, uncertainties, and other factors that could cause the actual
results of the Company to be materially different from the
historical results or from any future results expressed or implied
by such forward-looking statements. All statements contained in
this news release, other than statements of historical fact, are to
be considered forward-looking. Although Rockcliff believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not a guarantee of
future performance and actual results or developments may differ
materially from those in the forward-looking statements.
The Canadian Securities Exchange does not accept
responsibility for the adequacy or accuracy of this news
release.
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