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New acquisition expands Rockcliff Copper’s Snow Lake gold/VMS assets

by Greg Klein | October 5, 2017

A 100% option would bring Rockcliff Copper TSXV:RCU its fourth gold property in a Manitoba VMS camp originally associated with yellow metal. Located within five kilometres’ trucking distance from a 2,000-tpd gold mill, Berry Creek joins the company’s extensive portfolio in the Flin Flon-Snow Lake region.

New acquisition expands Rockcliff Copper’s Snow Lake gold/VMS assets

The property comes with historic, non-43-101 assays, including grab samples grading up to 90 g/t gold, 2.48% zinc and 0.51% copper. Historic, non-43-101 drill results for three holes showed:

  • 3.8 g/t gold over 3.6 metres, starting at 6.6 metres

  • 4.7 g/t over 4.3 metres, starting at 37 metres
  • (including 19 g/t over 0.5 metres)

  • 3.5 g/t over 4 metres, starting at 17.5 metres
  • (including 13.4 g/t over 0.5 metres)

Apart from the near-surface high grades, the property shows “potential for a large low-grade gold environment,” Rockcliff stated. Berry Creek also hosts untested airborne geophysical anomalies and sits within an area better known for base metals production. The company plans geophysics and drilling next year.

A 100% interest would call for $140,000 over three years and $500,000 in spending over five years, with a minimum $75,000 of work in any year. A 2% NSR applies, up to half of which Rockcliff may buy for $500,000 per 0.5% NSR.

Rockcliff’s other regional gold projects include the former Laguna mine, which underwent airborne geophysics last summer, as well as the Dickstone North and Snow Lake properties.

Busy on a number of fronts, Rockcliff last month announced drill plans for its Bur zinc-polymetallic project, which gets about 3,000 metres to update and expand an historic, non-43-101 resource. The company also holds three other zinc deposits with historic, non-43-101 estimates.

Another drill program this year found a new VMS zone on the company’s 51%-optioned Talbot property. A 43-101 inferred resource from 2016 for the project’s three zones totals 133.6 million pounds copper, 165,400 ounces gold, 107.4 million pounds zinc and 3.81 million ounces silver.

The company’s Rail deposit hosts a 2010 43-101 resource with an indicated category containing 55.09 million pounds copper.

Known collectively as the Snow Lake project, Rockcliff’s entire package lies within trucking distance of two Hudbay Minerals TSX:HBM processing facilities.

In late August Rockcliff closed an over-subscribed private placement of $1.35 million.

Read more about Rockcliff Copper here and here.

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