Sunday 23rd April 2017

Resource Clips


Posts tagged ‘manitoba’

Rockcliff Copper reports gold, polymetallic results from its Snow Lake camp

April 6th, 2017

by Greg Klein | April 6, 2017

As Phase II drilling continues, Rockcliff Copper TSXV:RCU released assays from two holes on the VMS-rich Talbot project, part of the company’s Flin Flon-Snow Lake portfolio in northern Manitoba. The company holds a 51% option on Talbot from Hudbay Minerals TSX:HBM. The standout assay drew 7.3 g/t gold and 7.49% copper-equivalent over 3.94 metres. That came from the first hole on the North Lens deep conductive plate, one of the property’s largest geophysical anomalies.

Along with assays for hole TB-015 on the North copper zone, the results show:

TB-015

  • 0.31% copper, 0.01 g/t gold, 0.02% zinc and 0.02 g/t silver for 0.33% copper-equivalent over 8.09 metres, starting at 463.82 metres in downhole depth
  • (including 1.15% copper, 0.01% zinc and 0.01 g/t silver for 1.16% copper-equivalent over 0.32 metres)

TB-019

  • 1.8% copper, 0.14 g/t gold and 20.9 g/t silver for 2.15% copper-equivalent over 0.41 metres, starting at 668.61 metres

  • 0.24% copper, 7.3 g/t gold, 0.88% zinc and 112.5 g/t silver for 7.49% copper-equivalent over 3.94 metres, starting at 772.45 metres
  • (including 0.16% copper, 10.35 g/t gold, 0.23% zinc and 156.02 g/t silver for 9.94% copper-equivalent over 2.54 metres)
  • (which includes 0.54% copper, 77.78 g/t gold, 0.01% zinc and 1,219.5 g/t silver for 73.76% copper-equivalent over 0.32 metres)
Rockcliff Copper reports gold, polymetallic results from its Snow Lake camp

While drilling continues at Talbot, Rockcliff plans to put
rigs to work on at least three other Snow Lake properties.

True widths weren’t available.

With downhole and surface geophysics showing that conductivity strengthens below TB-019 intercepts, Rockcliff has another hole testing the plate 250 metres deeper, closer to the plate’s centre. The North copper zone also has additional drilling planned.

The news follows assays for TB-017, released in mid-February, which featured 3.48% copper-equivalent over 16.08 metres. Talbot hosts a January 2016 resource with an inferred total for three zones:

  • 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

Reporting on another of its Snow Lake assets, last month Rockcliff announced that a surface EM survey on its recently staked Penex zinc property found a large conductive plate below the down-dip continuation of the neighbouring historic Pen zinc deposit. The company plans further exploration prior to drilling Penex this year.

Also last month, the company began airborne and ground geophysical surveys over the Laguna gold project, a former mine where 2016 grab samples graded as high as 25 g/t and 34.77 g/t gold.

With several properties comprising its Snow Lake portfolio, Rockcliff plans drilling this year on its Bur zinc project and Rail copper-polymetallic deposit, in addition to Talbot and Penex.

Read more about Rockcliff Copper.

Co-authors Taylor Jackson and Kenneth P. Green comment on the latest Fraser Institute survey of mining jurisdictions, which placed Saskatchewan, Manitoba and Quebec in first, second and sixth place globally

April 4th, 2017

…Read more

Far Resources readies Phase II drilling at Manitoba lithium project

March 27th, 2017

by Greg Klein | March 27, 2017

Far Resources readies Phase II drilling at Manitoba lithium project

A Dyke #1 outcrop shows
spodumene-bearing pegmatite.

Scheduled to begin imminently, a second drill program will focus on Dyke #1 at Far Resources’ (CSE:FAT) Zoro lithium property in Manitoba’s Snow Lake region. Targets have been identified as the company refines its 3D model, incorporating previous drilling data and historic field work.

The historic work found support in last year’s Phase I, in which all seven holes revealed lithium-bearing pegmatite, with intercepts grading up to 1.13% Li2O over 12.1 metres and 1.1% over 23.4 metres.

Zoro can be accessed via highway and helicopter, or by boat, road and ATV. The property sits five kilometres from transmission lines and 30 kilometres from rail.

In New Mexico, Far Resources has due diligence underway on the Winston silver-gold project, home to past-producing mines. Should the deal be consummated, a summer program of six to eight holes would follow.

Having closed an oversubscribed private placement of $231,000 in November, the company now plans to issue one million shares at $0.10 to compensate some of Zoro’s Phase II contractors.

Rockcliff Copper president/CEO Ken Lapierre discusses the highest-grade unmined deposits in Manitoba’s Flin Flon-Snow Lake region

March 13th, 2017

…Read more

Global survey and diamond discovery raise Manitoba’s mining profile

March 7th, 2017

by Greg Klein | March 7, 2017

Roughly 170 crow-flying kilometres southeast of Thompson, prospectors’ perseverance has paid off in Manitoba’s first-ever diamond discovery. Making the announcement at PDAC on March 6, provincial minister of growth, enterprise and trade Cliff Cullen couldn’t resist mentioning Manitoba’s #2 worldwide ranking in the latest Fraser Institute survey of mining jurisdictions, up from #19 the previous year.

Global survey and diamond discovery raise Manitoba’s mining profile

“The world’s mining sector is taking notice of Manitoba’s mineral resource potential and our business and investment-friendly environment,” he said. “Our government is very pleased by these recent developments and will continue to create the welcoming conditions necessary for the attraction of investment in our mineral resources.”

The Manitoba Prospectors and Developers Association credits the discovery—of microdiamonds, but in bedrock—to three of its members, Mark Fedikow, John Lee and Harold Westdal, along with Robin Day of Alberta and the Manitoba Geological Survey, “especially Scott Anderson.” The four prospectors call themselves the Lynx Consortium.

Ruth Bezys, Manitoba PDA president and Fedikow’s wife, told the Winnipeg Free Press the consortium will likely option their claim to a company with more financial resources.

Mining contributes about $1.5 billion or 2.7% to Manitoba’s GDP, sustaining about 3,200 jobs, Cullen told the conference.

Rockcliff Copper flies geophysics over former high-grade gold mine in Manitoba

March 6th, 2017

by Greg Klein | March 6, 2017

In the property’s first program of its kind, Rockcliff Copper TSXV:RCU has a state-of-the-art magnetometer survey now airborne over its Laguna gold project in Manitoba’s Flin Flon-Snow Lake camp. Plans call for ground-based induced polarization to follow on the 3,499-hectare past-producer optioned in September. The property forms part of Rockcliff’s high-grade Snow Lake portfolio, which includes four other projects slated for drilling this year.

Rockcliff Copper flies geophysics over former high-grade gold mine in Manitoba

An historic sample of Laguna gold on
display at Toronto’s Royal Ontario Museum.

A helicopter-style drone will fly “extremely tightly spaced lines with high-density ground sampling distances without the need for line-cutting,” the company stated. “It is now possible to resolve individual magnetic anomalies that were previously indistinguishable when surveyed using conventional ground and airborne surveys.”

Initial ground geophysics will consist of 65 kilometres of gradient IP, which provides advantageous economics, signal-to-noise readings, lateral resolution and depth penetration, Rockcliff added.

Grab samples from four vein systems released in January ranged from 0.01 grams per tonne up to 25 g/t and 34.77 g/t gold. The field program “discovered that the gold mineralization is structurally controlled and associated with much thicker zones of gold-rich quartz stockwork systems not previously identified or reported in historic documents,” said president/CEO Ken Lapierre. “The detailed drone magnetometer and the IP surveys will play a pivotal role in following and identifying the horizontal and lateral extent of the known high-grade stockwork systems … With this Phase I geophysical data, we will be one step closer to our first drill program on the Laguna gold mine trend and the first on this trend in over 70 years.”

Located 20 kilometres from Hudbay Minerals’ (TSX:HBM) Snow Lake gold mill, Laguna produced over 60,000 gold ounces from one vein during intermittent mining between 1916 and 1939.

Last month Rockcliff reported drill results from its 51%-optioned Talbot copper-polymetallic VMS project, with grades up to 3.48% copper-equivalent over 16.08 metres. The current program has 7,000 metres planned by spring break-up. An inferred resource for 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 2017 agenda also calls for drilling on the Bur zinc project, Rail copper-polymetallic deposit and the Penex zinc project, which Rockcliff announced staking just last week. Less than 200 metres from the historic Pen deposit, Penex has a deep-penetrating EM survey already underway.

Read more about Rockcliff Copper.

Far Resources adds New Mexico silver-gold to Manitoba lithium

March 2nd, 2017

by Greg Klein | March 2, 2017

A commitment to clean energy need not overwhelm the lure of silver and gold. A new acquisition now has Far Resources CSE:FAT looking for precious metals in New Mexico in addition to the energy metal in Manitoba. The Winston project includes the past-producing Ivanhoe-Emporia and Little Granite gold mines. Should all go to plan, the latter gets an initial summer program of six to eight holes.

Far Resources adds New Mexico gold to Manitoba lithium

Little Granite’s last significant production reportedly dates to
the 1930s, but later drilling found high-grade silver and gold.

Limited drilling at Little Granite in the 1980s found high-grade silver and gold over approximately 120 metres in strike along a well-defined epithermal vein system, the company stated. The vein’s open to the north and south, as well as at depth.

The acquisition amends Far’s previous 80% option agreement, in which the company had already paid $250,000 and issued 1.8 million shares. The new deal gives Far a 100% interest on 16 unpatented claims for an additional $100,000 and 2.5 million shares.

Four unpatented mining claims comprising Little Granite and two patented claims comprising Ivanhoe/Emporia would cost an extra US$434,000 and US$361,375 respectively.

With due diligence underway, the parties expect to consummate by March 31.

The purchase gives Far a dual focus as the company continues exploration at its Zoro lithium project in central Manitoba’s Snow Lake camp. All seven holes of an initial 1,140-metre program on Dyke #1 late last year intersected lithium-bearing pegmatite, comparing favourably with historic results.

Highlights from assays released in January show:

Hole DDHFAR-16-002

  • 0.88% Li2O over 5.9 metres, starting at 158.79 metres in downhole depth

  • 1.28% over 2.8 metres, starting at 168.84 metres

DDHFAR-16-003

  • 1.13% over 12.1 metres, starting at 61 metres

DDHFAR-16-006

  • 0.77% over 10.9 metres, starting at 29.06 metres

DDHFAR-16-007

  • 1.1% over 23.4 metres, starting at 186.18 metres

  • 1.11% over 4.1 metres, starting at 254 metres

True widths weren’t available.

Far has now located historic drill sites on optioned ground adjacent to Zoro. A 3D model will combine the new field data with historic info to identify further drill targets. Once weather permits, field work will assess lithium-bearing pegmatite in trenches at six dykes northeast of Dyke #1, as well as search for additional dykes.

Zoro can be reached by highway and helicopter, or by boat, road and ATV. Power lines pass five kilometres south and rail another 25 kilometres.

In November Far closed an oversubscribed private placement of $231,000.

Saskatchewan and Manitoba first and second globally as mining jurisdictions

March 1st, 2017

by Greg Klein | March 1, 2017

Saskatchewan edged one notch upwards to take first place worldwide while Manitoba soared from 19th to second in this year’s Fraser Institute survey of mining and exploration jurisdictions. Those two provinces pushed last year’s top performer, Western Australia, down to third place. Canada’s other top 10 spot went to Quebec, rising to sixth from eighth the year before. All continents but Antarctica came under scrutiny but Canadian, American, Australian and European locales monopolized the top 10.

Farther down the list, the strongest Canadian improvements were Newfoundland and Labrador, climbing to 16th from 25th, and the Northwest Territories, now 21st, previously 35th. Most disappointing were British Columbia (falling to 27th from 18th), Nunavut (31st from 23rd) and Alberta (47th from 34th).

Those findings come from the survey’s Investment Attractiveness Index, which combines two other indices—Policy Perception, a “report card” on government attitudes, and Best Practices Mineral Potential, concerning geological appeal. Representatives of 104 companies responded with their 2016 experiences in mind, giving a numerical rating to questions in several categories regarding their likelihood of investing in a particular jurisdiction. The previous year 109 companies responded.

Here’s the top 10 globally for overall investment attractiveness, with last year’s standings in parentheses:

1 Saskatchewan (2)

2 Manitoba (19)

3 Western Australia (1)

4 Nevada (3)

5 Finland (5)

6 Quebec (8)

7 Arizona (17)

8 Sweden (13)

9 Ireland (4)

10 Queensland (16)

Here are the Canadian runners-up:

15 Yukon (12)

16 Newfoundland and Labrador (25)

18 Ontario (15)

21 Northwest Territories (35)

27 British Columbia (18)

31 Nunavut (23)

40 New Brunswick (45)

47 Alberta (34)

52 Nova Scotia (59)

At least those provinces and territories steered far clear of the bottom 10, where Argentina figures prominently:

95 Mozambique (84)

96 Zimbabwe (98)

97 India (73)

98 Mendoza province, Argentina (101)

99 La Rioja province, Argentina (109)

100 Afghanistan (not available)

101 Chubut province, Argentina (104)

102 Venezuela (108)

103 Neuquen province, Argentina (93)

104 Jujuy province, Argentina (86)

“We believe that the survey captures, at least in broad strokes, the perceptions of those involved in both mining and the regulation of mining in the jurisdictions included in the survey,” stated authors Taylor Jackson and Kenneth P. Green.

Download the Fraser Institute Annual Survey of Mining Companies 2016.

Rockcliff Copper stakes new ground next to historic Manitoba zinc deposit

February 28th, 2017

by Greg Klein | February 28, 2017

Still adding to its approximately 45,000-hectare property package in Manitoba’s Flin Flon-Snow Lake mining camp, Rockcliff Copper TSXV:RCU acquired the Penex zinc project by staking. Located less than 200 metres from the historic Pen deposit, the property already has a deep-penetrating EM survey underway prior to drilling planned for this year.

Rockcliff Copper stakes new ground next to historic Manitoba zinc deposit

All of the historic deposit’s lenses dip towards the new acquisition’s northern boundary, with at least one zinc-bearing lens dipping onto the property, the company stated. An historic, non-43-101 drill hole on Penex assayed 4.04% zinc-equivalent over 7.57 metres, including 6.73% over 2.64 metres.

Bore hole geophysics confirmed that conductivity continued downward within the property, strengthening at depth in an area untested by drilling, Rockcliff added.

The new turf “underpins our commitment to acquire properties either by staking or acquisition that have significant metal potential within trucking distance to milling facilities in this world class base and precious metals camp,” said president/CEO Ken Lapierre.

Rockcliff has work planned this year on four of the other properties that comprise its Snow Lake project. Two weeks ago the company reported assays from its 51%-held Talbot copper-polymetallic VMS property, where Phase II drilling continues. A resource calculated last year for three Talbot zones brought an average copper-equivalent grade of 5.5%. The inferred category totalled:

  • 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’s 2017 agenda also calls for work on its Bur zinc project, the Rail copper-gold-silver property and the former Laguna gold mine. Debt-free, the company currently has about $1.5 million on hand.

In another February 28 announcement, the Fraser Institute rated Manitoba second to Saskatchewan worldwide in the 2016 survey of 104 mining jurisdictions. “Competitive tax regimes, efficient permitting procedures and certainty surrounding environmental regulations and land claims have vaulted Saskatchewan and Manitoba to the top in the eyes of miners looking to invest,” said Kenneth Green, a co-author of the study.

Read more about Rockcliff Copper.

Rockcliff Copper reports assays, geophysics from Flin Flon-Snow Lake

February 16th, 2017

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
Rockcliff Copper reports assays, geophysics from Flin Flon-Snow Lake

Core from previous drilling at Talbot.

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.

Read more about Rockcliff Copper.