Saturday 26th May 2018

Resource Clips


Posts tagged ‘Hudbay Minerals Inc (HBM)’

Zimtu’s advantages

January 20th, 2018

Opportunities come calling as Zimtu Capital builds junior companies’ potential

by Greg Klein

With equity holdings in a wide range of juniors, Zimtu Capital TSXV:ZC goes well beyond the prospect generator model to help nurture and grow the companies that comprise its assets. Looking at just a few examples, they can be exploring early-stage minerals projects, progressing an advanced-stage rare earths deposit or generating revenue through disruptive technology. Zimtu helps build the companies with administrative, promotional, technical, legal and financial expertise that ranges from prospectors in the bush to market insiders in Europe and Asia.

Opportunities come calling as Zimtu Capital builds junior companies’ potential

The ZimtuADVANTAGE program additionally offers companies a number of other marketing strategies, including extensive social media coverage and the ZimtuADVANTAGE app. The result is wider exposure and therefore greater investor awareness about each participant.

The breadth of Zimtu’s support brings each company a level of expertise, sophistication and prominence not easily obtained by smaller companies. To further understand the approach, take a look at some Zimtu equity holdings.

 

Meet the ZimtuADVANTAGE companies

 

92 Resources TSXV:NTY—Lithium in the NWT and Quebec, frac sand in B.C.

Metallurgy as well as field work make 92 Resources’ (TSXV:NTY) Hidden Lake hard rock lithium property a standout among early-stage projects. Grab samples from the highway-accessible location 40 kilometres east of Yellowknife have graded as high as 1.86% Li2O, while channel samples on pegmatite outcrops have reached up to 1.58% over 8.78 metres and 2.57% over 0.75 metres. There’s tantalum too, including a sample of 233 ppm Ta2O5 over 1 metre.

Phase I metallurgical tests, meanwhile, produced a high-grade concentrate of 6% to 6.5% Li2O, with recovery rates of 80% to 85% using conventional methods.

In eastern British Columbia, the company holds the Golden frac sand project next door to Northern Silica’s Moberly silica operation. 92 Resources also picked up three Quebec lithium properties. One of them yielded a 7.32% Li2O grab sample on an initial visit.

92 Resources began the new year by closing an oversubscribed private placement of $1.14 million.

Read an interview with 92 Resources CEO Adrian Lamoureux.

 

Arctic Star Exploration TSXV:ADD—Diamonds in Finland, critical minerals in B.C.

The Timantti project attracted Arctic Star Exploration’s (TSXV:ADD) experienced team of diamond explorers to a mining-friendly Finnish region with enviable infrastructure and a geological shield hosting two world-class Russian mines. Previous work showed 111 microdiamonds from 52.7 metres of historically extracted core and another 58 from an 18.9-kilogram sample. In November the company began an ambitious program of geophysics, till sampling and drilling to extract a 500-kilogram core sample from each of two especially promising kimberlites.

Arctic Star’s other diamond interests include its drill-ready Stein project in Nunavut and the Diagras JV in the NWT’s Lac de Gras region. An intriguing departure from gemstones, however, is the company’s Cap property in B.C., home to an exceptionally rare carbonatite-syenite complex that offers potential for several commodities. Assays released last fall from sampling and a single drill hole showed “highly anomalous” niobium, rare earths and phosphate grades.

In late November the company closed oversubscribed private placements totalling $1.69 million.

Read an interview with Arctic Star chairperson Patrick Power.

 

Belmont Resources TSXV:BEA—Lithium in Nevada

Opportunities come calling as Zimtu Capital builds junior companies’ potential

Deep-sensing geophysics will follow
Belmont Resources’ 2017 drill campaign.

Sixty-five kilometres from Clayton Valley, Belmont Resources TSXV:BEA sees encouraging signs of similar geology at its Kibby Basin lithium project. Beginning imminently will be an especially deep-sensing electromagnetics survey to help identify Phase II drill targets.

Last year’s two-hole program extracted core samples grading between 70 ppm and 200 ppm Li2O. Thirteen of 25 samples surpassed 100 ppm, “indicating that the sediments could be a potential source of lithium for the underlying aquifers.”

The company interprets gravity survey data to suggest a closed basin covering 400 hectares and reaching at least 1.5 kilometres in depth, sufficiently large to develop layers that could act as aquifers.

A more recent acquisition, the Mid Corner-Johnson Croft property in New Brunswick comes with historic, non-43-101 sample results for zinc, copper and cobalt. But it hasn’t seen modern geophysics. Belmont’s portfolio also includes a 50% interest in two Saskatchewan uranium properties.

The company closed an oversubscribed private placement of $312,200 In December.

Read an interview with Belmont Resources CFO/director Gary Musil.

 

Castle Silver Resources TSXV:CSR/Canada Cobalt Works—Cobalt in Ontario

Update: Effective February 23, 2018, Castle Silver Resources begins trading as Canada Cobalt Works TSXV:CCW.

Historically, high-grade silver was the attraction but the northern Ontario region of Cobalt got that name for a reason. It’s in and around that area that Castle Silver Resources TSXV:CSR—soon to be renamed Canada Cobalt Works—seeks one of the essential energy metals. Underground mini-bulk sampling at the company’s Castle flagship brought assays up to 3.1% cobalt. More assays are pending from last year’s sampling and 22-hole, 2,405-metre drill campaign at the former mine.

Eighty kilometres southeast, an initial program at the company’s Beaver project collected three hand-cobbed samples, all exceeding 4% cobalt with impressive nickel grades, silver and some gold.

In November Castle Silver signed a provisional milling agreement to locate a plant on its property to process material from Granada Gold Mine’s (TSXV:GGM) project about 200 kilometres away. Additionally Castle Silver sees potential in its Re-2OX proprietary metallurgical process to produce cobalt concentrate.

The company closed a private placement of $1.03 million in mid-January.

 

Commerce Resources TSXV:CCE—Rare earths in Quebec, tantalum-niobium in B.C.

Opportunities come calling as Zimtu Capital builds junior companies’ potential

Amid increasing concern about critical minerals supply,
Commerce Resources’ Ashram rare earths deposit
benefits from geology, metallurgy and location.

An advanced-stage rare earths project endowed with magnet feed elements, amenable to conventional processing and moving towards pre-feasibility in a mining-friendly province—that begins to describe Commerce Resources’ (TSXV:CCE) Ashram deposit in northern Quebec.

Obviously waiting for an update is the 2012 resource, which used a 1.25% cutoff for this near-surface deposit:

  • measured: 1.6 million tonnes averaging 1.77% total rare earth oxides and 7.7% CaF2

  • indicated: 28 million tonnes averaging 1.9% TREO and 5.9% CaF2

  • inferred: 220 million tonnes averaging 1.88% TREO and 4.5% CaF2

The company has sunk about 9,200 metres since then, hitting high grades within carbonatite host rocks containing minerals amenable to well-known processing methods. Showing a superior distribution of magnet feed REOs, Ashram’s metallurgical studies continue to streamline the flowsheet for a high-grade concentrate, also finding potential for a fluorspar byproduct. The REE-hungry world has noticed, with companies like Solvay, Mitsubishi, Treibacher, BASF, DKK, Albemarle, Blue Line and others requesting samples.

Turning to other critical minerals, Commerce’s Blue River/Upper Fir tantalum-niobium deposit in southeastern B.C. reached PEA in 2011 and a resource update in 2013.

Read more about Commerce Resources.

 

Emerita Resources TSXV:EMO—Zinc in Spain, zinc and lithium in Brazil

An acquisitive nature could position this company to take part in zinc’s ascendency. In October Emerita Resources TSXV:EMO joined a 50/50 JV on the Plaza Norte property in northern Spain. The new turf hosts extensions of the past-producing Reocin mine, which gave up 62 million tonnes averaging 11% zinc and 1.4% lead up to 2003. Plaza Norte’s historic, non-43-101 drill results include 9.72% zinc over 18.96 metres and 7.05% over 8.2 metres. As project operator, Emerita has a review underway of the property’s extensive previous data. The company’s JV partner, the Aldesa Group, is a specialized construction and infrastructure firm operating globally.

In Brazil, Emerita holds a 100% option on the Litio project adjacent to the Companhia Brasileira de Litio lithium mine. Emerita’s initial field work has found pegmatite dykes similar to those next door. Other potential acquisitions include the Salobro zinc project in Brazil, along with Paymogo and Aznalcollar, two zinc properties in Spain.

Last month the company closed an oversubscribed private placement totalling $4.24 million, with funds earmarked for Plaza Norte and Salobro.

 

Georox Resources TSXV:GXR—Conventional oil and gas in western Canada

A non-binding LOI signed in December would bring Georox Resources TSXV:GXR a 16,146-hectare Saskatchewan acquisition with 97% oil production and an average working interest of 96.6%. Average daily net production estimates for the first nine months of last year came to 1,415 boe/d. “The oil pools have significant reactivation, waterflood implementation and infill drilling potential,” Georox stated. Subject to due diligence and approvals, the parties expect to consummate by the end of February for a price of $4.5 million.

The company offered a private placement earlier this month of up to $700,000.

 

Glance Technologies CSE:GET—Bringing the newest technology to consumer transactions

Connecting smartphone users with merchants and service providers, Glance Technologies’ (CSE:GET) Glance Pay system goes beyond fast payments to provide marketing, targeted coupons, customer feedback, in-merchant messaging, custom rewards and fraud protection.

At the forefront of blockchain developments, Glance Technologies earlier this month announced a definitive agreement with Cannabis Big Data Holdings to provide technology allowing marijuana retailers and producers to handle cryptocurrency transactions. That’s one example of licensing agreements with the cannabis, fitness and wellness, tourist and foreign student markets.

Late last month Glance Technologies closed a bought deal totalling $11.05 million, boosting the company’s treasury to over $17.4 million.

 

Golden Dawn Minerals TSXV:GOM—Q2 gold-copper production in B.C.

Opportunities come calling as Zimtu Capital builds junior companies’ potential

Having finished dewatering, Golden Dawn prepares to
restart underground operations at southern B.C.’s Lexington mine.

With trial mining set to begin within months, Golden Dawn Minerals TSXV:GOM seeks to revive southern B.C.’s historic Greenwood mining camp. The company holds a cluster of past-producers within 20 kilometres of its Greenwood mill, a 212-tpd facility expandable to 400 tpd that was built in 2007 and put on care and maintenance the following year. The local infrastructure’s condition inspires the company to enter production without de-risking at the feasibility level.

Top priority goes to Lexington, which produced 5,486 ounces of gold, 3,247 ounces of silver and 860,259 pounds of copper in 2008. Two other frontrunners are the Golden Crown gold-copper project and May Mac silver-gold-polymetallic project, both nearby former mines that underwent drilling last year. Meanwhile Golden Dawn continues to expand its portfolio, both in the Greenwood area and farther north.

The company’s most recent financing closed this month on $337,500.

Read more about Golden Dawn Minerals.

 

Kapuskasing Gold TSXV:KAP—Newfoundland copper and zinc

The property’s first drill program since the 1960s barely whetted Kapuskasing Gold’s (TSXV:KAP) appetite for copper exploration at its Lady Pond flagship in northern Newfoundland. Now backed by new intel, the company plans to return for another attack this year. An historic, non-43-101 estimate gives the project’s Sterling prospect about one million tonnes averaging 1% copper that’s open in all directions. Grab samples released in October showed up to 9.03% copper for the Twin Pond prospect, 7.19% copper for Sterling and 1.54% copper with cobalt and silver for the Lady Pond prospect.

Located 94 kilometres by road from a Rambler Mining and Metals TSXV:RAB base metals mill, the Lady Pond project can be reached by logging roads and ATV.

On Newfoundland’s Great Northern Peninsula, Kapuskasing picked up the Daniel’s Harbour property, host to the former Teck mine that produced around seven million tonnes averaging 7.8% zinc from 1975 to 1990. The past-producer’s Mississippi Valley Type deposit suggests the potential for additional resources appearing in clusters.

While in the Great Northern Peninsula, Kapuskasing staked another 1,625 hectares to move in on the burgeoning Gunners Cove gold area play. The company closed private placements totalling $115,000 in August, following a $201,200 placement that closed in June.

Read an interview with Kapuskasing president/CEO Jon Armes.

 

King’s Bay Resources TSXV:KBG—Nickel-cobalt in Labrador, copper-cobalt in Newfoundland

An unexpected benefit of the new Trans-Labrador Highway was recognized by a prospector who sampled roadside copper and cobalt with some nickel and silver. King’s Bay Resources TSXV:KBG moved onto the virgin turf with a more systematic field program, airborne VTEM and last autumn’s initial two-hole program. Although collared over 150 metres apart, each hole found mineralization over wide intercepts, encouraging plans for further drilling following geostatistical and structural analysis.

Meanwhile Phase I field work at the company’s Trump Island project in northern Newfoundland collected 15 grab samples, four of them grading over 1% copper and between 272.3 ppm and 1,213.6 ppm cobalt. One sample underwent an additional ore grade analysis, showing 6.07% copper, 300 ppm cobalt and 14.4 ppm silver. Follow-up exploration is slated for spring.

King’s Bay offered a $250,000 private placement in September that followed financings that closed on $402,000 the previous month.

 

MGX Minerals CSE:XMG—Commodities and technology for energy and industry

As if trying to fuel the energy revolution single-handedly, MGX Minerals CSE:XMG holds a portfolio bursting with nearly three dozen projects. In Alberta and Utah the company counts 20 lithium properties in the exploration state and two more undergoing well-testing. B.C. properties include three silicon projects and eight magnesium projects. Unsated, in November the company opened a satellite office in Chile to evaluate opportunities there.

Some project highlights include the Driftwood Creek magnesium property in B.C., now moving towards a preliminary economic assessment. Paradox Basin in Utah has exploration underway for oil, gas, lithium and other brine minerals. A 2,000-metre drill program has just begun at the company’s 20%-held Case Lake lithium project in Ontario, following a recently completed 5,400-metre campaign.

Among a number of technological developments, MGX claims a breakthrough for zinc-air flow batteries by avoiding dendrite damage, “the single most significant hurdle” in the batteries’ development. With its subsidiary ZincNyx Energy Solutions, the company’s now working on final commercial design for mass production of its scalable 20 kWh zinc-air mass storage battery.

On another technological front, MGX partners with its 46%-held PurLucid Treatment Solutions on a patented process for brine treatment and selective lithium recovery.

Activity like that doesn’t come cheap. In December MGX closed private placements totalling $12.9 million. The previous month MGX and PurLucid won federal/provincial grants totalling up to $8.2 million for their oilpatch water treatment system.

 

Mountain Boy Minerals TSXV:MTB—Exploring the treasures of B.C.’s Golden Triangle

Opportunities come calling as Zimtu Capital builds junior companies’ potential

Rugged but rich terrain attracts Mountain
Boy Minerals to B.C.’s Golden Triangle.

With a stake in several northwestern B.C. properties, Mountain Boy Minerals TSXV:MTB took part in two joint-ventured drill programs last year, along with geophysics on two 100%-held properties. Results so far from the company’s 35%-held Red Cliff gold project show high grades over wide intervals as drilling followed a mineralized system over two kilometres. More assays are pending from the 51-hole program.

Another 14 holes went into Mountain Boy’s 20%-held Silver Coin, hitting high-grade gold and finding a new gold zone. Again, the company’s awaiting further lab results. A 2011 resource gives the project measured and indicated totals of 842,416 ounces gold, 4.46 million ounces silver and 91.2 million pounds zinc. The inferred numbers come to 813,273 ounces gold, 6.7 million ounces silver and 128 million pounds zinc.

Moving closer to the drill stage are two contiguous 100%-held silver-base metals projects, BA and Surprise Creek. Trench assays from late 2016 suggest polymetallic promise with high-grade zinc as well as silver and lead. Following previous drilling, metallurgical tests produced a barite concentrate that exceeds industry standards for this mineral essential to oil and gas exploration.

Mountain Boy offered a private placement of up to $300,000 in October.

Read an interview with Mountain Boy Minerals chairperson René Bernard.

 

ParcelPal Technology CSE:PKG—Online shopping with fast delivery

Opportunities come calling as Zimtu Capital builds junior companies’ potential

ParcelPal’s “Get Anything functionality” adds
fast delivery to shop-by-phone transactions.

Order via smartphone app and get quick delivery at home, work or elsewhere—that’s the disruption ParcelPal Technology CSE:PKG brings to merchants and courier services. Retail, liquor and especially restaurants are currently the partner businesses as ParcelPal expands throughout the Greater Vancouver region. The company says its “Get Anything functionality” allows consumers to “order virtually anything and have it delivered in an hour or less.”

Just six months in operation, the company sees positive business and consumer response, with 3,000 app downloads in October and November, and repeat clients. Future goals include expansion in other major Canadian cities, and eventually the U.S. and abroad.

ParcelPal closed an oversubscribed private placement of $1.65 million in mid-January.

 

Rockcliff Metals TSXV:RCLF—A gold-VMS camp in Manitoba

It might be said that Rockcliff Metals TSXV:RCLF picks up where Hudbay Minerals TSX:HBM leaves off. Rockcliff assembled its portfolio largely by acquiring non-core Hudbay assets in Manitoba’s Flin Flon-Snow Lake region. As a result Rockcliff holds interests in five gold projects, two copper-polymetallic deposits with resource estimates and three zinc deposits with historic, non-43-101 estimates. All lie within trucking distance of two Hudbay processing facilities.

With three projects active last year, Rockcliff updated its Talbot resource in December, announcing an inferred 150 million pounds copper, 130.4 million pounds zinc, 241,000 ounces gold and 3.8 million ounces silver that’s open in all directions.

Recent stepout drilling brought high-grade zinc results from Bur, moving the project from historic towards 43-101 resource stage. Currently the non-43-101 numbers show an indicated 1.05 million tonnes averaging 8.6% zinc and 1.9% copper, along with an inferred 302,000 tonnes averaging 9% zinc and 1.4% copper, as well as some silver and gold.

Polymetallic VMS isn’t Snow Lake’s only attraction. Among Rockcliff’s gold properties is the former Laguna mine, where induced polarization and resistivity found 17 anomalies over a trend that hasn’t been drilled since 1944.

In August Rockcliff closed an oversubscribed private placement of $1.35 million.

Read more about Rockcliff Metals here and here.

 

Saville Resources TSXV:SRE—Niobium-tantalum in Quebec

Strong sample grades with an outstanding 5.9% niobium pentoxide enticed Saville Resources TSXV:SRE onto Commerce Resources’ Eldor property earlier this month. While the latter company focuses on bringing its rare earths project to pre-feasibility, Saville took on a 75% earn-in on the Eldor niobium claims, enthusiastic about their potential for critical minerals.

Out of 64 samples collected by Commerce, 40 exceeded 0.5% Nb2O5, 16 of them surpassing 1%. Assays also showed significant tantalum, phosphate and rare earths numbers. Among previous drill results were 0.46% Nb2O5 over 46.88 metres and 0.55% over 26.1 metres (including 0.78% over 10.64 metres).

Results also show niobium-tantalum occurring within the mineral pyrochlore, the world’s dominant source for those critical elements. Eldor’s pyrochlore shows a relatively course grain size, a positive prognosis for metallurgy.

At Saville’s other northern Quebec asset, Covette’s sampling and geophysics show potential for base and precious metals.

In December the company offered private placements totalling up to $500,000.

Read more about Saville Resources.

 

Voltaic Minerals TSXV:VLT—Lithium from brine and from wastewater too

Voltaic Minerals TSXV:VLT sees three key distinctions to its Green Energy lithium project in Utah. A review of extensive historic oil and gas exploration data indicates the property’s brine to be over-saturated with 40% minerals in 60% water, suggesting potential for a wide range of minerals. The brine also faces immense pressure and high temperature, two factors that would aid extraction. The 1,683-hectare property has proximity to road, rail and power.

But apart from the Green Energy project, Voltaic takes another approach to sourcing lithium. The company has engaged Whittier Filtration, a division of global leader Veolia Water Technologies, to develop marketable processes for extracting lithium from wastewater taken from commercial and industrial sites. The companies expect to report bench scale tests soon.

Step-out drilling grows potential of Rockcliff Metals’ historic zinc deposit in Manitoba

December 20th, 2017

by Greg Klein | December 20, 2017

Step-out drilling grows potential of Rockcliff Metals’ historic zinc deposit in Manitoba

A late autumn drill campaign on one of the priority properties in Rockcliff Metals’ (TSXV:RCLF) extensive Snow Lake portfolio shows potential to expand the historic Bur zinc-polymetallic deposit. Assays from 10 step-out holes totalling 3,250 metres brought zinc grades up to 3.18%, with 7.2% zinc-equivalent, over 4.85 metres. Another star result showed 1.76% zinc, with 5.9% zinc-equivalent, over 6.91 metres.

Each hole intersected the Bur VMS horizon, a potentially 8,000-metre-long mineralized area hosting the historic deposit adjacent and to the northeast of the drill targets, stated president/CEO Ken Lapierre. “The potential to identify additional resources along this important horizon is considered excellent and will be the focus of upcoming drill programs.”

Some highlights from the most recent campaign show:

Hole RBU002

  • 1.76% zinc, 0.96% copper, 0.59% lead, 0.26 g/t gold and 32.76 g/t silver, for 5.9% zinc-equivalent over 6.91 metres, starting at 269.65 metres in downhole depth
  • (including 0.99% zinc, 2% copper, 0.86% lead, 0.57 g/t gold and 56.35 g/t silver, for 9.1% zinc-equivalent over 2.43 metres)

RBU005

  • 1.65% zinc, 1.84% copper, 0.15% lead, 0.05 g/t gold and 15.32 g/t silver, for 6.8% zinc-equivalent over 4.25 metres, starting at 302.82 metres
  • (including 0.5% zinc, 6.18% copper, 0.08% lead, 0.04 g/t gold and 31.31 g/t silver, for 16.9% zinc-equivalent over 0.96 metres)

RBU007

  • 3.18% zinc, 1.41% copper, 0.13% lead, 0.04 g/t gold and 13.25 g/t silver, for 7.2% zinc-equivalent over 4.85 metres, starting at 231.15 metres
  • (including 5.38% zinc, 1.95% copper, 0.2% lead, 0.05 g/t gold and 15.62 g/t silver, for 10.9% zinc-equivalent over 2.85 metres)

True widths weren’t available.

Dating to 2007, Bur’s historic, non-43-101 estimate used a zinc-equivalent cutoff of 5%:

  • indicated: 1.05 million tonnes averaging 8.6% zinc, 1.9% copper, 12.1 g/t silver and 0.05 g/t gold

  • inferred: 302,000 tonnes averaging 9% zinc, 1.4% copper, 9.6 g/t silver and 0.08 g/t gold

Rockcliff’s 100% earn-in from Hudbay Minerals TSX:HBM requires $3 million in spending over four years. Hudbay owns a copper-zinc concentrator about 22 kilometres by road from Bur.

Earlier this month Rockcliff released a resource update for its Talbot flagship, another VMS property in the company’s roughly 45,000-hectare central Manitoba Snow Lake portfolio. The package includes gold projects too. Last month the company reported 17 geophysical anomalies over the Laguna property, site of a former gold mine.

With three of the projects active, Rockcliff’s entire portfolio sits within trucking distance of two Hudbay processing facilities. Included are two copper-polymetallic deposits with resource estimates, three zinc deposits with historic, non-43-101 estimates, five gold projects and a non-core zinc project recently optioned to Nevada Zinc TSXV:NZN.

Rockcliff closed an oversubscribed private placement of $1.35 million in August.

Read more about Rockcliff Metals here and here.

Rockcliff Metals boosts its Talbot copper-polymetallic resource in Manitoba

December 8th, 2017

by Greg Klein | December 8, 2017

Among a number of active projects in the company’s Snow Lake portfolio, the Talbot deposit stands out as Rockcliff Metals’ (TSXV:RCLF) flagship. Now an updated resource has the company increasingly enthused while work continues towards further expansion.

The first update since January 2016 for the 51%-optioned property increases tonnage and contained amounts for an inferred category showing:

  • 4.23 million tonnes averaging 1.61% copper, 1.4% zinc, 1.77 g/t gold and 27.96 g/t silver for 150 million pounds copper, 130.4 million pounds zinc, 241,000 ounces gold and 3.8 million ounces silver
Rockcliff Metals boosts its Talbot copper-polymetallic resource in Manitoba

Based on 84 holes totalling 44,800 metres, the estimate uses a copper-equivalent cutoff of 2%. The copper-equivalent grade comes to 3.4%.

“The deposit remains open in all directions and is robust and predictable in all aspects including the geology, the estimation, classification and reporting assumptions,” said president/CEO Ken Lapierre. “Last year’s geophysics indicated significant upside potential to discover more VMS (copper, gold, zinc, silver) mineralization at the West Talbot deep conductive plate. Our present geophysical survey will focus on this large untested one-kilometre-by-one-kilometre anomaly, located immediately below and in the footwall of the deposit.”

Talbot has more drilling planned for 2018.

Featuring both gold and VMS projects, Rockcliff’s Snow Lake portfolio hosts five gold properties, two copper-polymetallic deposits with resource estimates and three zinc deposits with historic, non-43-101 estimates. All sit within trucking distance of two Hudbay Minerals TSX:HBM processing plants.

Reporting on the Laguna gold project last week, Rockcliff announced geophysics had located 17 high-priority anomalies, while winter plans include more surveying. A fall drill program at the Bur zinc-copper project had around 3,000 metres scheduled to upgrade the historic resource.

Read more about Rockcliff Metals here and here.

More news from Rockcliff Metals as geophysics heightens interest in former Manitoba gold mine

November 30th, 2017

by Greg Klein | November 30, 2017

Just two days after announcing an adjacent acquisition, Rockcliff Metals TSXV:RCLF reported 17 high-priority geophysical anomalies on its Laguna gold project, one of several gold and VMS properties in the company’s Flin Flon-Snow Lake portfolio. The latest news comes from 40.5 kilometres of induced polarization and resistivity over the Laguna gold mine trend. Described as a five-by-one-kilometre gold-rich, sulphide-bearing quartz vein environment, the trend hosts a former mine that averaged about 19 g/t during intermittent operation between 1916 and 1939, producing over 60,000 ounces.

More news from Rockcliff Metals as geophysics heightens interest in former Manitoba gold mine

The survey’s tight spacing “allowed excellent surface resolution and superior depth penetration up to 250 metres vertical,” Rockcliff stated. The 17 anomalies “were strategically located mostly below and along strike of known gold-bearing sulphide-rich quartz veins and are all considered worthy of follow-up exploration,” the company added.

Winter plans call for more IP and resistivity along strike and in the footwall of the trend.

Noting that grab sample assays from the area ranged from trace to over 620 g/t, president/CEO Ken Lapierre said, “The Laguna gold mine trend was last drilled in 1944 and now definition of these new untested gold targets is a testament to the excellent untested gold potential at Laguna.”

Covering over 45,000 hectares in central Manitoba, Rockcliff’s Snow Lake portfolio includes five gold projects, two copper-polymetallic deposits with resource estimates, three zinc deposits with historic, non-43-101 estimates, and a non-core zinc project recently optioned to Nevada Zinc TSXV:NZN. The properties all sit within trucking distance of two Hudbay Minerals TSX:HBM processing facilities.

Rockcliff’s Bur zinc-copper deposit currently has drilling underway for about 15 holes totalling 3,000 metres, while the company’s 51%-optioned Talbot copper-zinc-polymetallic property has a resource update in progress.

Read more about Rockcliff Metals here and here.

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

November 28th, 2017

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.

Resource update underway for Rockcliff Metals’ Talbot copper property in Manitoba

November 15th, 2017

by Greg Klein | November 15, 2017

One of a number of active projects in Rockcliff Metals’ (TSXV:RCLF) Flin Flon-Snow Lake portfolio, the Talbot copper property has an updated resource estimate in the works. The initiative follows Phase II drilling and will accompany a DPEM geophysical survey on the West Talbot deep conductive plate, below and west of the deposit. In April the company announced finding VMS mineralization within the plate.

Resource update underway for Rockcliff Metals’ Talbot copper property in Manitoba

While analyzing this year’s drilling data for a resource update,
Rockcliff will conduct geophysics to help identify 2018 targets.

Rockcliff holds a 51% option on Talbot from Hudbay Minerals TSX:HBM.

Last spring’s drill campaign “identified additional areas of high-grade enrichment in the hanging wall and along strike of the present resource,” said president/CEO Ken Lapierre. “The additional DPEM geophysical survey will help us vector in on the exact up-dip location of the West Talbot deep conductive plate. The Talbot copper deposit was originally identified as a smaller geophysical conductive plate so any new larger plates identified in this area are viewed as high-priority targets.”

Dating to January 2016, Talbot’s current resource shows an inferred category for three zones:

Main zone

  • 1.44 million tonnes averaging 3.4% copper, 2.6 g/t gold, 2.4% zinc and 61 g/t silver for 107 million pounds copper, 118,600 ounces gold, 76.4 million pounds zinc and 2.83 million ounces silver

Footwall zone

  • 443,900 tonnes averaging 2.2% copper, 2 g/t gold, 2.4% zinc and 55.6 g/t silver for 22 million pounds copper, 28.5 ounces gold, 23.2 million pounds zinc and 793,800 ounces silver

North lens

  • 283,400 tonnes averaging 0.7% copper, 2 g/t gold, 1.3% zinc and 20.6 g/t silver for 4.6 million pounds copper, 18,300 ounces gold, 7.9 million pounds zinc and 187,600 ounces silver

Total

  • 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 expects work to be completed by year-end, with results to be released once analyzed. Talbot has more drilling planned for 2018.

Active on several Snow Lake assets, the company began another drill campaign last week at the Bur zinc-polymetallic property. See a roundup of recent Rockcliff news here.

Read more about Rockcliff Metals here and here.

Update: Rockcliff Metals drills high-grade Manitoba zinc project

November 7th, 2017

Update: On November 7 Rockcliff Metals TSXV:RCLF (formerly Rockcliff Copper TSXV:RCU) announced drilling had begun at its Bur zinc project in northern Manitoba.

by Greg Klein | September 26, 2017

A high-grade zinc-polymetallic project gets some overdue rig attention as Rockcliff Copper TSXV:RCU returns to its Bur property in northern Manitoba’s Flin Flon-Snow Lake camp next month. Ten to 15 holes totalling around 3,000 metres will work on updating and expanding the VMS deposit along strike and at depth.

Using a zinc-equivalent cutoff of 5%, the historic, non-43-101 2007 estimate showed:

  • indicated: 1.05 million tonnes averaging 8.6% zinc, 1.9% copper, 12.1 g/t silver and 0.05 g/t gold

  • inferred: 302,000 tonnes averaging 9% zinc, 1.4% copper, 9.6 g/t silver and 0.08 g/t gold
Rockcliff Copper prepares to drill northern Manitoba zinc deposit

Part of the company’s Snow Lake project, a package of properties totalling over 45,000 hectares, Bur sits about 22 kilometres by road from Hudbay Minerals’ (TSX:HBM) copper-zinc concentrator. Rockcliff’s 100% earn-in on Bur calls for $3 million in spending over four years.

Earlier this month the company announced initial geophysical results from its Laguna property, site of a former mine that produced 60,000 ounces of gold averaging 18.7 g/t during intermittent production from a single vein. With very low frequency and induced polarization surveys still underway, an airborne magnetometer found “multiple, surface-exposed, high-grade gold-bearing quartz vein stockwork systems,” the company stated.

Last May Rockcliff announced plans for two other Snow Lake gold properties as well as Laguna. The previous month the company reported drilling had encountered a new VMS zone with copper-zinc-gold-silver results on the 51%-optioned Talbot property. A 2016 43-101 inferred resource for Talbot’s three zones totals 133.6 million pounds copper, 165,400 ounces gold, 107.4 million pounds zinc and 3.81 million ounces silver.

Rockcliff’s northern Manitoba package also includes the Rail deposit with a 43-101 copper-polymetallic resource, three zinc deposits with historic, non-43-101 estimates in addition to Bur, as well as the three gold properties. All sit within trucking distance of two Hudbay plants.

Late last month Rockcliff closed an oversubscribed private placement of $1.35 million.

Read more about Rockcliff Copper here and here.

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

October 5th, 2017

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.

Airborne survey heightens interest in Rockcliff Copper’s former Manitoba gold mine

September 7th, 2017

by Greg Klein | September 7, 2017

Geophysics over the Laguna gold property in northern Manitoba’s Flin Flon-Snow Lake camp have found a structurally complex geological trend at least six kilometres long and 200 metres wide, Rockcliff Copper TSXV:RCU reports. Now the 3,501-hectare property’s exploration priority, the finding comes from an airborne drone magnetometer survey flying 1,120 kilometres of tight 25- to 50-metre spacing. The work was part of a program that includes very low frequency and induced polarization surveys still underway.

Airborne survey heightens interest in Rockcliff Copper’s former Manitoba gold mine

Besides Laguna, Rockcliff’s priorities for its Snow Lake package
include the Talbot copper property and the Bur zinc property.

Rockcliff holds a 100% option on Laguna, one of several properties in the company’s Snow Lake project. During intermittent operation between 1916 and 1939, Laguna produced over 60,000 ounces of gold averaging 18.7 g/t from a single vein. Surface grab samples previously announced by Rockcliff ranged from trace to over 600 g/t.

The newly identified trend “hosts multiple, surface-exposed, high-grade gold-bearing quartz vein stockwork systems which are associated with sub-parallel subsidiary fault splays east of a major regional NE-SW trending thrust fault known as the Crowduck Bay fault,” said president/CEO Ken Lapierre. The trend shows “excellent” potential for finding additional stockworks of a similar nature, he added.

Rockcliff’s Snow Lake project consists of both gold and VMS properties. The approximately 45,000-hectare package includes two gold properties besides Laguna, as well as two copper-polymetallic deposits with resource estimates and four 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.

Last week Rockcliff closed an oversubscribed private placement of $1.35 million.

Read more about Rockcliff Copper here and here.

Rockcliff Copper readies for gold exploration on three of its northern Manitoba projects

May 25th, 2017

by Greg Klein | May 25, 2017

Now known chiefly for VMS deposits, Manitoba’s Snow Lake actually began as a gold mining camp. With active projects in both categories, Rockcliff Copper TSXV:RCU outlined near-term plans for three gold properties on May 25: Dickstone North (DSN), Laguna and Snow Lake Gold (SLG). The summer exploration will precede autumn drilling at Laguna.

Field work on Rockcliff’s 100%-held DSN will focus on a fault zone where historic, non-43-101 gold results included grab samples up to 34 g/t and channel samples up to 104.5 g/t over 0.25 metres. Work will also examine a 12-kilometre strike length that was overlooked by previous operators, Rockcliff stated.

Rockcliff Copper readies for gold exploration on three of its northern Manitoba projects

With a 100% option on the former Laguna gold mine, the company plans to resume this year’s surface and airborne geophysics following spring breakup. Intermittent mining on a single vein between 1916 and 1939 produced over 60,000 ounces from tonnage averaging 18.7 g/t. Rockcliff has previously announced surface grab samples ranging from trace to over 600 g/t. The geophysics will be followed by Laguna’s first drill program in over 70 years.

Another 100% option, SLG will undergo geological work on a major regional structural break with several areas of high-grade gold potential, the company added.

The three programs comprise just part of Rockcliff’s busy 2017 agenda for its approximately 45,000-hectare Snow Lake portfolio. The package also includes two copper-polymetallic deposits with resource estimates and four zinc deposits with historic, non-43-101 estimates, all within trucking distance of two Hudbay Minerals TSX:HBM plants.

“While we remain committed to advancing our core VMS properties we cannot underestimate the primary lode gold potential of our project which includes Manitoba’s first and highest-grade gold mine,” said Rockcliff president/CEO Ken Lapierre. Last month the company announced a new VMS zone on the 51%-optioned Talbot property, where Phase II drilling has been producing copper-gold-zinc-silver results.

In addition to Talbot and Laguna, the company has drilling planned this year for its Bur zinc property and Rail copper-gold-silver project.

Read more about Rockcliff Copper.