by Greg Klein | February 16, 2017
As drilling continues on its Talbot property in Manitoba’s Flin Flon-Snow Lake camp, Rockcliff Copper TSXV:RCU reported promising assays and geophysics on February 16. The copper-polymetallic VMS deposit forms part of the company’s approximately 45,000-hectare Snow Lake portfolio. Rockcliff holds a 51% option on Talbot from Hudbay Minerals TSX:HBM.
Hole TB-017 on the deposit’s main lens, “in an area void of drilling,” returned the following assays:
- 0.93% copper, 2.73 g/t gold, 0.65% zinc and 15.23 g/t silver for 3.48% copper-equivalent over 16.08 metres, starting at 774.37 metres in downhole depth
Within that interval were two overlapping intercepts:
- 0.35% copper, 4.02 g/t gold, 0.48% zinc and 13 g/t silver for 3.77% copper-equivalent over 8.74 metres, starting at 780.63 metres
- 1.7% copper, 4.11 g/t gold, 0.34% zinc and 19.76 g/t silver for 5.2% copper-equivalent over 3.51 metres, starting at 786.94 metres
True widths weren’t available.
Drilling now focuses on a vertical-dipping 300-by-600-metre conductive plate recently discovered below the deposit’s north lens. EM has also found a larger conductive plate below the main lens, which could represent down-dip continuity of the lens.
Additionally, the survey found a much deeper but larger flat-lying target called the west Talbot deep conductive plate, measuring about one kilometre by one kilometre.
“Most of the larger mines in the camp have multiple stacked lenses that were initially identified as conductive plates,” remarked president/CEO Ken Lapierre. “We remain greatly encouraged not only by the consistent high metal grades and increased size potential of the deposit, but by the metal potential of the untested stacked conductive plates proximal to the deposit.”
The 7,000-metre program continues until winter break-up, targeting the north lens plate and the plates below the north copper zone, 2.5 kilometres north of the deposit.
Talbot’s January 2016 resource detailed an inferred category for three zones totalling:
- 2.17 million tonnes averaging 2.8% copper, 2.4 g/t gold, 2.2% zinc and 54.6 g/t silver for 133.6 million pounds copper, 165,400 ounces gold, 107.4 million pounds zinc and 3.81 million ounces silver
Rockcliff has work scheduled on three other Snow Lake properties this year. The past-producing Laguna gold project has a high-res magnetic survey planned, while rigs will keep busy on the Bur zinc project and Rail copper-polymetallic deposit.
The company currently has about $2 million in the bank.