New Releases | Rockcliff Metals Corporation http://rclf.allanastackhouse.com Building a multi-asset copper mining company Mon, 25 Nov 2019 14:27:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://i0.wp.com/rclf.allanastackhouse.com/wp-content/uploads/2019/11/favicons.png?fit=16%2C16 New Releases | Rockcliff Metals Corporation http://rclf.allanastackhouse.com 32 32 194682343 ROCKCLIFF INTERSECTS HIGH-GRADE COPPER BELOW THE RAIL DEPOSIT, DRILL PROGRAM INCREASED TO 15,000 METRES http://rclf.allanastackhouse.com/rockcliff-intersects-high-grade-copper-below-the-rail-deposit-drill-program-increased-to-15000-metres/?utm_source=rss&utm_medium=rss&utm_campaign=rockcliff-intersects-high-grade-copper-below-the-rail-deposit-drill-program-increased-to-15000-metres Mon, 18 Nov 2019 08:00:17 +0000 http://rclf.allanastackhouse.com/?p=158

Toronto, ON – November 18, 2019 – 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.

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.

Figure 1: Rail longitudinal section outlining Rail deposit, mineralized down the hole drill intercepts and geophysical borehole anomalies associated with and proximal to the Rail deposit.

Additional drill hole information is highlighted below.

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

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 https://rockcliffmetals.com

Twitter: @RockcliffMetals

Facebook: Rockcliff Metals Corporation

For further information, please contact:

Rockcliff Metals Corporation    CHF Capital Markets
Alistair Ross Cathy Hume
President & CEO CEO
Cell: (705) 507-4251 Off: (416) 868-1079 ext. 231
aross@rockcliffmetals.com cathy@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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ROCKCLIFF ANNOUNCES HIGH GRADE ASSAYS AT TALBOT PROPERTY 6.0% CUEQ ACROSS 18.33 METRES INCLUDING 10.4% CUEQ ACROSS 4.8 METRES http://rclf.allanastackhouse.com/rockcliff-announces-high-grade-assays-at-talbot-property-6-0-cueq-across-18-33-metres-including-10-4-cueq-across-4-8-metres/?utm_source=rss&utm_medium=rss&utm_campaign=rockcliff-announces-high-grade-assays-at-talbot-property-6-0-cueq-across-18-33-metres-including-10-4-cueq-across-4-8-metres Wed, 13 Nov 2019 20:00:41 +0000 http://rclf.allanastackhouse.com/?p=164 Toronto, ON – November 13, 2019 – Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (CSE: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce high grade assay results from initial drill holes completed at the Company’s Talbot property.  The Talbot property drilling is part of Rockcliff’s 100,000-metre drill program that is now fully underway in the Snow Lake area, Manitoba. The purpose of the drill program is designed to enhance the confidence of the present Talbot deposit inferred resource. 

The Talbot deposit is located within trucking distance to the Company’s leased +1,000 tonnes per day mill and tailings facility. Rockcliff is the largest junior development and exploration landholder in the Flin Flon-Snow Lake greenstone belt, the most extensive Paleoproterozoic Volcanogenic Massive Sulphide (“VMS”) district (copper, gold, zinc, silver) in the world.

Talbot drilling intersected mineralization above the current Talbot deposit resource (TB021, TB023, TB025) and within (TB022, TB025) the existing Talbot deposit resource envelope.  Significant assays are highlighted below:

  • TB021: yielded 0.71% CuEq across 11.6 metres including 2.3% CuEq across 0.5 metres
  • TB022: yielded 0.79% CuEq across 13.9 metres including 2.1% CuEq across 1.2 metres
  • TB024: yielded 6.0% CuEq across 18.3 metres including 10.4% CuEq across 4.8 metres
  • TB025: yielded 0.94% CuEq across 23.7 metres including 3.2% CuEq across 2.0 metres and 2.0% CuEq across 2.1 metres

Rockcliff’s President and CEO Alistair Ross commented: “Our first assays from this drill program at Talbot have confirmed additional mineralization outside and above the Talbot deposit. Additionally, the fact that drill hole TB024 is the highest-grade mineralization encountered nearest to surface to date is extremely encouraging. We look forward to completing our earn-in of the Talbot property and increase the confidence of the high-grade mineralization.”

Significant down the hole (not true thickness) assays from the Talbot drill program are tabled below:

(m) =metres represent down hole thickness as true thickness is not currently known, g/t = grams per tonne, * TB 21, 23 and 25 were drilled outside of the Talbot deposit limits. TB022 and 024 were drilled inside the deposit limits.  TB023 failed to intersect significant mineralization. CuEq** = copper equivalent values used: US$3.00 copper, US$1.15 zinc, US$1400 gold, US$22.00 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].   The numbers may not add up due to rounding.

Additional drill hole information from the Talbot drill program is highlighted below:

Talbot Property Drill Program

The Talbot drill program, a minimum of 22,000 metres is planned to enhance the confidence of the existing Talbot deposit inferred resource within the main lens.  To-date, 14 holes have been completed (TB021-TB033, TB035) and 4 holes (TB034, TB036-TB038) are in progress for a total of 10,186 metres.

All additional completed holes (TB026 – TB033, TB35) are either being sampled at Rockcliff’s core facility in Snow Lake or have been submitted for assay for copper, gold, zinc and silver.

This current round of drilling will result in Rockcliff earning an initial 51% ownership interest in the Talbot project pursuant to the Company’s option agreement with Hudbay Minerals Inc.  The Talbot project hosts the Talbot copper deposit, a high-grade 4.2M tonne National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) Inferred mineral resource grading 1.61% Cu, 1.4% Zn, 1.77 g/t Au and 27.96 g/t Ag as disclosed in the Rockcliff press release dated January 19, 2018. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

Quality Control and Quality Assurance

Samples of half core were packaged and shipped directly from Rockcliff’s core facility in Snow Lake 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 is pulverized to 95% passing 150 mesh for assaying.  A 0.5g cut is 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 and near-term copper producer, with a fully functional +1000 tpd permitted leased processing and tailings facility as well as several advanced-staged, 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 https://rockcliffmetals.com

Twitter: @RockcliffMetals

Facebook: Rockcliff Metals Corporation

For further information, please contact:

Rockcliff Metals CorporationCHF Capital Markets
Alistair RossCathy Hume
President & CEO CEO
Cell: (705) 507-4251Off: (416) 868-1079 ext. 231
aross@rockcliffmetals.com cathy@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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KINROSS COMPLETES PHASE 2 DRILLING AT LAGUNA GOLD PROPERTY http://rclf.allanastackhouse.com/kinross-completes-phase-2-drilling-at-laguna-gold-property/?utm_source=rss&utm_medium=rss&utm_campaign=kinross-completes-phase-2-drilling-at-laguna-gold-property Thu, 07 Nov 2019 20:01:26 +0000 http://rclf.allanastackhouse.com/?p=167 Toronto, ON – November 7, 2019– Toronto, ON – Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (CSE: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce the completion of a phase 2, 17-hole helicopter supported drill program at the Company’s Laguna Gold Property (“Laguna”) in Snow Lake, Manitoba.  KG Exploration (Canada) Inc., an affiliate of Kinross Gold Corporation (“Kinross”), who optioned Laguna from the Company in July 2018, completed the phase 2 exploration work. Kinross may earn up to a 70% interest in Laguna and the Lucky Jack gold properties by spending $5,500,000 over the 6 year term of the option agreement. Rockcliff is a major junior developer and explorer in the Flin Flon-Snow Lake greenstone belt, the largest Paleoproterozoic Volcanogenic Massive Sulphide (“VMS”) district in the world, hosting mines and deposits containing copper, zinc, gold and silver and also primary gold deposits and mines.  

Laguna hosts the historic Rex-Laguna gold mine, Manitoba’s first and highest-grade former gold mine located within the Flin Flon-Snow Lake greenstone belt.  Periodic gold mining from the Laguna quartz vein, between 1916 and 1939, produced over 60,000 ounces of gold with an average of 18.7 gpt. Laguna includes 28 contiguous mining claims totalling 3,501 hectares.

Laguna Phase 2 Drill Program

Kinross completed a total of 3,203 metres of drilling in 17 holes over a portion of  the Laguna gold mine trend, a six kilometre long corridor of prospective geology and quartz veining.  All drill holes intersected quartz veining with 11 of 17 holes intersecting veining/shearing over a minimum of one metre in core length. The program centered on the extension of the Laguna Vein System and the Kiski Vein System

Laguna Vein System (see Figure 1):  Nine of 14 holes intersected the the main quartz vein estimated to be extensions of the Laguna quartz vein. Three of the holes intersected visible gold. Typical mineralization included 1% arsenopyrite in strongly sericitized bands over one to three metres in proximity to quartz veins in a strongly silicified rhyolite. Arsenopyrite is predominantly disseminated within sericitized zones and follow along hairline fractures and vein margins.  Secondary quartz veins were observed often in areas above mined out stopes, with variable widths and mineralized with approximately 1% to 5% disseminated and fracture filling arsenopyrite.

Kiski Vein System (see Figure 2): All three holes encountered quartz veins with strong arsenopyrite mineralization (1% to 5%)  in silicified gabbroic host. Mineralization was highly  constrained between 1 to 3 metres around the intersected vein.

All holes have been sampled and assay results are presently pending.

Figure 1: Laguna Vein System Phase 2 Drill Hole Location

Figure 2: Kiski Vein Target Phase 2 Drill Location

QP

Ken Lapierre P.Geo., VP Exploration of Rockcliff, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.

Definitive Option Agreement (“DOA”) for Laguna and Lucky Jack Gold Properties

The main terms of the DOA, dated July 19, 2018, provide Kinross with the right to earn a 70% interest in both properties by spending a minimum of $5,500,000 collectively in exploration expenditures over six years.

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 tpd 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 https://rockcliffmetals.com

Twitter: @RockcliffMetals

Facebook: Rockcliff Metals Corporation

For further information, please contact:

Rockcliff Metals CorporationCHF Capital Markets
Alistair Ross Cathy Hume
President & CEO   CEO
Cell: (705) 507-4251    Off: (416) 868-1079 ext. 231
aross@rockcliffmetals.comcathy@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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