Sunday 17th December 2017

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Rockcliff Metals adds another gold property to its polymetallic package in Manitoba

by Greg Klein | November 28, 2017

An “opportunist” acquisition increases the gold presence on Rockcliff Metals’ (TSXV:RCLF) Snow Lake portfolio. The 2,557-hectare Lucky Jack property borders the company’s Laguna project, host to a former mine and site of an airborne geophysical program last summer.

Limited exploration on Lucky Jack dates to the 1920s, when a shaft was reportedly sunk on a quartz vein system measuring about 1,000 metres long and up to 25 metres wide. Historic, non-43-101 results for 21 grab samples from the shaft area averaged 66 g/t gold.

Rockcliff Metals adds another gold property to its Manitoba gold/VMS package

Channel samples in 1982 showed non-43-101 assays including 11 g/t gold over 0.4 metres and 44.2 g/t over 1.4 metres, with gold values recorded over a 130-metre strike. Near-surface drilling in 1988 brought non-43-101 results of 8.9 g/t gold over one metre, 15.9 g/t over one metre, 19.6 g/t over 0.5 metres and 32.5 g/t over 0.5 metres.

About 1.7 kilometres west of the shaft, another near-surface hole sunk in 1985 brought non-43-101 intervals of 5.6 g/t gold over 0.3 metres, 11.5 g/t over 0.46 metres and 58.5 g/t over 0.4 metres. Samples taken about 5.5 kilometres northwest of the shaft brought non-43-101 assays up to 20.6 g/t gold.

Lucky Jack costs Rockcliff $77,250. Seven of the property’s 15 claims have a 2% NSR applicable, half of which Rockcliff may buy for $500,000 per 0.5%.

Although Rockcliff currently focuses on its VMS projects, Lucky Jack brings the company’s gold portfolio to five properties including Laguna, Dickstone North, Snow Lake and last month’s acquisition of Berry Creek.

The company’s Snow Lake package also includes two copper-polymetallic deposits with resource estimates and three zinc deposits with historic, non-43-101 estimates. The properties all sit within trucking distance of two processing facilities owned by Hudbay Minerals TSX:HBM.

Following Phase II drilling on the 51%-optioned Talbot copper-zinc-polymetallic property, Rockcliff has a resource update underway. Drilling resumed this month on the Bur zinc-copper deposit, with a program of about 15 holes totalling 3,000 metres.

Read more about Rockcliff Metals here and here.

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