Tuesday 27th June 2017

Resource Clips


Posts tagged ‘manitoba’

‘Grade is king’

June 14th, 2017

Isabel Belger interviews Kenneth Lapierre of Rockcliff Copper

 

Isabel Belger interviews Kenneth Lapierre of Rockcliff Copper

Isabel Belger

Isabel: This week I would like to introduce you to the president and CEO of Rockcliff Copper TSXV:RCU, Kenneth Lapierre. Hi Ken, good to see you again. Let’s start with you telling a bit more about your background and what brought you into the industry.

Ken: It’s great to see you again as well Isabel, and thanks for this opportunity to reach out to people who are interested in knowing a little bit about Rockcliff.

It’s amazing to look back from when I first started in this business in the 1970s in Timmins, Ontario. I was amazed at the exploration and mining in that city with “the heart of gold.” For me, becoming a geologist was something I seriously thought about as a teenager. Hunting for “buried treasure” had an instant appeal for me back then and that appeal, attraction and passion is still with me today 40 years later. What has now drawn me to central Manitoba is the untapped potential of finding mines in a proven mining camp with some of the highest-grade base metal-gold deposits and mines in the world. As a geologist, it just doesn’t get any better than this.

Isabel: Rockcliff Copper’s land position is in Manitoba with a focus on copper, gold and zinc. Could you give a little overview about the work you did there up to now—results, what makes the projects really exciting, etc.?

Ken: Our ultimate goal is to become mine finders. It’s what drives us and fuels our passion to go to work every day looking for that “buried treasure.” To that end, we have been in the Flin Flon-Snow Lake mining camp for the past 10 years, have spent over $20 million in exploration, drilled over 80,000 metres in a mining camp with excellent infrastructure including operating mines and mills. Our Snow Lake project is now significantly de-risked for our shareholders. We now control eight of the highest-grade unmined base metal deposits (gold and silver-rich copper and zinc) in the Snow Lake mining camp. One of those deposits is nearing a production decision at the end of 2017 and, if proven positive, could generate a royalty stream of millions of dollars over its mine life to Rockcliff. We also control Manitoba’s first and highest-grade former gold mine in the camp. For us, there is no better place to find high-grade mines than in Manitoba, which is presently ranked as the #2 jurisdiction in the world for exploration, mining and investment. There is peace of mind in knowing that the discovery made will ultimately benefit our shareholders with assurance that ownership and title to your land is never in question.

Isabel Belger interviews Kenneth Lapierre of Rockcliff Copper

Isabel: What is the most exciting thing happening for Rockcliff at the moment?

Ken: I believe that grade is king in our business. The higher the grade, the better chance of a deposit becoming a mine. The remainder of 2017, Rockcliff will balance the focus on drilling its highest-grade copper deposit (Talbot), its highest-grade zinc deposit (Bur) and its highest-grade gold property (Laguna). We feel very confident that we will have success through the drill bit and we will have exciting news with positive drill results for 2017 and into 2018.

Isabel: What are your plans for the next three to six months?

Ken: Drilling is the key to discovery and our plans are fairly straightforward: prepare the highest-grade deposits (Talbot, Bur and Laguna) for drilling. Drilling leads to discovery and discovery leads to advancement of our assets.

Isabel: How much money do you have in the bank right now?

Ken: We presently have $1 million in our treasury.

Isabel: For how long can you work with that?

Ken: We can work with that well into 2018 if needed.

Isabel: Where do you see the gold price until the end of 2017? And what about the zinc and copper prices?

Ken: It’s very difficult to predict where prices will be at the end of 2017, so I’ll leave that to the experts. However, I believe most people would agree that every day that goes by we consume more metal around the world. These are finite commodities so as each day passes the supply/demand fundamentals become more and more out of balance, especially with the added pressure of a growing population. I believe that both of our base metals (copper and zinc) are or will be in significant deficit soon, and for this reason I believe both commodities will continue to rise in price and we are beginning to see this now. Gold is a haven for comfort in a world that is distracted and uncertain. I believe gold will continue to rise over time.

Isabel: What do you like most about this job?

Ken: That’s a curious question to answer for me. I’ve always believed people who are passionate about what they do don’t really have a job, but are fulfilling a dream. Yes, I know that sounds silly, but I do enjoy coming to work each day and justifying my “job” and my responsibility to my shareholders.

Isabel: What do you find is the hardest part of your job?

Ken: Time. We are in a volume business and we must find the best land to make a discovery and prove a mine’s worth in the shortest time possible… and it’s a big world to hunt for that treasure! It simply takes time to do that, and to educate the public and the shareholders of that one simple fact is, well, difficult. Today’s world is “instant everything.” However, it takes time in this business where one needs to focus on a strategic, scientific and systematic approach to success. Those with patience for this business will benefit the most!

Isabel: Thank you for taking the time, Ken! Always good to talk to you.

 

Isabel Belger interviews Kenneth Lapierre of Rockcliff Copper

Kenneth J. Lapierre
president/CEO of Rockcliff Copper

Bio

Kenneth J. Lapierre, P.Geo., is a professional geologist and a member of the Association of Professional Geoscientists of Ontario who graduated from the University of Western Ontario in 1983. He was the founder, director and president/CEO of Rockcliff Resources since its inception in 2005 until its merger with Solvista Gold in 2015, and now Rockcliff Copper. Prior to that Mr. Lapierre held management positions as president/CEO of JML Resources (2001 to 2006) and vice-president of exploration with Mustang Minerals (1996 to 2006), Findore Minerals (1987 to 1995) and Tyranex Gold (1986 to 1989). Mr. Lapierre has over 30 years of experience in exploration, discovery, production and mining in base and precious metals across North and South America.

Fun facts

My hobbies: Search for buried treasures 24/7/365
Sources of news I use: Internet, newspapers, app, TV
My favourite airport: Flin Flon, Manitoba
My favourite commodity: Copper, gold, zinc, H2O
My favourite tradeshow: PDAC, Cambridge show in Vancouver
With this person I would like to have dinner: My wife and kids
If I could have a superpower, it would be: Two wishes with the last wish being two more wishes!

Recent news: Rockcliff Copper readies for gold exploration on three of its northern Manitoba projects.

Read more about Rockcliff Copper.

Numismatic news: Loonie turns 30, Rio Tinto unveils precious metal/diamond coins

June 8th, 2017

by Greg Klein | June 8, 2017

Its size and weight wore out pockets, its value raised panhandlers’ expectations and its name puzzled foreign visitors. But following its appearance 30 years ago this month, the loonie “found its way into our hearts,” the Royal Canadian Mint maintains. To celebrate this anniversary, the Mint released a limited edition set of two silver dollars. One depicts the loon, the other shows the originally intended canoe, a design that graced Canadian silver dollars from 1935 to 1986. The two $1 coins will cost collectors $79.95.

Numismatic news: Loonie turns 30, Rio Tinto unveils precious metals/diamond coins

The originally intended design for Canada’s dollar coin
distinguishes one of the anniversary set’s two silver pieces.
(Photo: Royal Canadian Mint)

The original voyageur design’s fate comprises a minor legend of numismatic history and bureaucratic bungling. The dies disappeared in November 1986 en route from Ottawa to Winnipeg, where they were supposed to generate an initial 450 million coins. But the Mint did save nearly $80 by using regular courier instead of an armoured courier.

According to media reports at the time, federal officials covered up the suspicious loss and made excuses for the new coin’s delayed appearance. Finally, to foil counterfeiters, the Mint replaced the canoe with an uninspiring Plan B.

The missing dies never did turn up, Mint spokesperson Alex Reeves informs ResourceClips.com.

With no embarrassment in calling the loonie one of Canada’s “most recognizable symbols,” Mint president/CEO Sandra Hanington said it’s “also known around the world as an innovative trailblazer for its composition and cutting-edge security features.”

Additionally the loonie “changed stripping forever,” according to the National Post. Those who’ve experienced pre-1987 peelers’ bars might agree. But the NP writer’s expertise sounds less certain when he claims the loonie amounts to a hidden tax because “banknotes get spent almost immediately, whereas coins get stashed into jars and piggy banks.”

Australian icons got more majestic treatment when Rio Tinto NYSE:RIO teamed up with the Perth Mint to produce three magnificent coins celebrating that country’s unique fauna and rich resources. Although declared legal tender, they’re not likely to see circulation. Weighing a kilo each, respectively made of gold, platinum and rose gold (an alloy used in jewelry) and set with coloured diamonds from Rio’s Argyle mine, the three-coin Australian Trilogy comes with a price tag of AU$1.8 million.

Just one set has been struck.

Argyle, by the way, “produces virtually the world’s entire supply of rare pink diamonds, and yet less than 0.1% of the diamonds produced by the Argyle mine are pink,” Rio stated.

Numismatic news: Loonie turns 30, Rio Tinto unveils precious metals/diamond coins

Gold, platinum and rose gold combine with pink, violet and
purple-pink diamonds in this one-of-a-kind set. (Photo: Perth Mint)

Related:

Pegmatite scientists to accompany Far Resources’ field crew on Manitoba lithium project

June 7th, 2017

by Greg Klein | June 7, 2017

Far Resources CSE:FAT returns to its Zoro hard rock lithium property in mid-June, this time with two highly respected pegmatite scientists. Dr. Robert Linnen of the University of Western Ontario and Dr. Tania Martins of the Manitoba Geological Survey will accompany the crew “to evaluate the possibility of academic research of the Zoro pegmatite system,” Far Resources announced.

Pegmatite scientists to accompany Far Resources’ field crew on Manitoba lithium project

The company’s agenda for the Snow Lake-region project calls for mapping and prospecting, mineralogical and geochemical research, upgrading the 3D model for Dyke #1 and examining the property’s six other known spodumene-bearing pegmatite dykes.

The program should ready the project for another round of drilling on Dyke #1 and an eventual 43-101 technical report.

Released last week, assays from the seven-hole, 1,088-metre Phase II drill campaign reached up to 1.2% Li2O over 38.3 metres and 1.7% over 10.7 metres.

Last month the company took on an accelerated payment plan to hasten Zoro’s 100% acquisition and drop the price by $200,000. Also last month, Far Resources closed an oversubscribed private placement of $315,000.

Stepout drilling hits 1.2% Li2O over 38 metres at Far Resources’ Manitoba lithium project

May 30th, 2017

by Greg Klein | May 30, 2017

Phase II drilling on Far Resources’ (CSE:FAT) Snow Lake-region Zoro property supports the continuity of lithium mineralization at depth, the company announced May 30. The seven-hole, 1,088-metre program on pegmatite Dyke #1 stepped out from last year’s Phase I campaign that found results comparing favourably with historic data. Phase II highlights show:

Hole FAR17-008

  • 1.1% Li2O over 2.4 metres, starting at 144.6 metres in downhole depth
Stepout drilling hits 1.2% over 38 metres at Far Resources’ Manitoba lithium project

FAR17-010

  • 1.2% over 38.3 metres, starting at 164 metres
  • (including 2.3% over 4.6 metres)
  • (and including 2.6% over 2.1 metres)
  • (and including 1.4% over 7.7 metres)

FAR17-011

  • 1.3% over 1.3 metres, starting at 46.7 metres

FAR17-012

  • 1.7% over 10.7 metres, starting at 104.3 metres
  • (including 4.1% over 107.3 metres)
  • (and including 2.1% over 5.1 metres)

FAR17-013

  • 1% over 1.7 metres, starting at 75.3 metres

True widths weren’t provided. Holes FAR17-009 and FAR17-014 showed pegmatite over 1.8 metres and eight metres respectively, but without significant assays.

Overall the results support a 3D model that’s now being updated to incorporate the new info. The standout intercept of 1.2% over 38 metres confirms “that Dyke #1 thickens at depth and continues to host high-grade lithium,” said president/CEO Keith Anderson. “Further exploration will be focused on expanding the mineralization both along strike and at depth of this impressive intersection.”

Field work beginning in June will examine six other dykes on contiguous optioned land as well as Dyke #1, before planning Phase III drilling. The accelerated 100% acquisition of Zoro 1 closed this month, as did an oversubscribed private placement of $315,000.

Far Resources also holds the Winston silver-gold property in New Mexico.

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.

Far Resources hastens 100% acquisition of Manitoba lithium project

May 9th, 2017

by Greg Klein | May 9, 2017

Encouraged by exploration results and a substantial price reduction, Far Resources CSE:FAT will take a 100% interest in its Zoro hard rock lithium property earlier than planned. The company expects to close the deal on May 9.

Far Resources hastens 100% acquisition of Manitoba lithium project

An expedited acquisition gives Far Resources
a 100% stake in its northern Manitoba project.

An accelerated payment plan calls for six million shares at a deemed price of $0.10, as well as $100,000 payable within a year. That’s on top of a previous $50,000 and one million shares. The new deal cuts the price by $200,000, Far Resources stated.

Last week the company announced sample results of 1.35% and 2.91% Li2O that surpassed historic results of 0.46% and 0.5% from the same pegmatite dyke on the Snow Lake-region project. Zoro hosts seven known spodumene-bearing pegmatite dykes.

Meanwhile the company awaits drill results from a Phase II program that finished last month. Seven holes totalling 1,088 metres targeted Zoro’s Dyke #1, where one hole found spodumene-bearing pegmatite over 53.7 metres and another found coarse spodumene crystals over 12.2 metres. Last year’s Phase I program brought grades up to 1.13% Li2O over 12.1 metres and 1.1% over 23.4 metres.

In New Mexico, Far Resources has a purchase agreement for the Winston silver-gold project pending approvals and due diligence.

Lithium samples surpass historic assays on Far Resources’ Zoro property in Manitoba

May 2nd, 2017

by Greg Klein | May 2, 2017

As the company awaits drill results, Far Resources CSE:FAT reported two new sample assays that improve on historic grades from the Zoro hard rock lithium project in Manitoba’s Snow Lake mining region. The samples came from Dyke #7, one of seven known spodumene-bearing pegmatite dykes on claims added to the property last summer.

Lithium samples surpass historic assays on Far Resources’ Zoro property in Manitoba

With a nearby lake providing water for drilling, Zoro can
be reached by highway and helicopter or boat and ATV.

The two composite rock chip samples that the company gathered from previously blasted trenches graded 1.35% and 2.91% Li2O. That compares with historic results using older analytical techniques for the same dyke showing 0.46% and 0.5% Li2O.

Last July Far Resources compared new samples with historic results from three other dykes on the new claims. The more recent assays for Dyke #2 showed 2.71% and 3.53% Li2O, compared with historic results of 1.66% and 1.69%.

An assay for Dyke #4 came to 2.41%, compared with an historic 1.12%.

Dyke #5 results ranged from 1.46% to 6.35%, compared with the historic range from 2.42% to 7.28%.

The company plans to compile the new results with a revised geologic database to plan a spring program of ground-based mapping and exploration. Findings will be integrated with LiDAR (Light Detection and Ranging) data that measures elevation.

Meanwhile assays are pending for the seven-hole, 1,088-metre Phase II drill program that wrapped up last month on Zoro’s Dyke #1. One hole revealed spodumene-bearing pegmatite over 53.7 metres, while another found coarse spodumene crystals over 12.2 metres.

Seven holes from last year’s Dyke #1 program also found lithium-bearing pegmatite, with intervals grading up to 1.13% Li2O over 12.1 metres and 1.1% over 23.4 metres.

In March the company announced a purchase agreement for the Winston silver-gold project in New Mexico, subject to approvals and due diligence.

Rockcliff Copper drills new VMS zone on its northern Manitoba Snow Lake portfolio

April 26th, 2017

by Greg Klein | April 26, 2017

Rockcliff Copper drills new VMS zone on its northern Manitoba Snow Lake portfolio

A third hole from this year’s Phase II campaign hit a new volcanogenic massive sulphide zone on the Talbot property, Rockcliff Copper TSXV:RCU announced April 26. The company holds a 51% option with Hudbay Minerals TSX:HBM on the property, part of Rockcliff’s Snow Lake project in northern Manitoba’s Flin Flon-Snow Lake camp.

Hole TB-020 follows two holes released earlier this month. TB-020 and TB-019 tested the approximately 400- by 1,000-metre North Lens deep conductive plate, finding VMS mineralization 250 metres apart. Conductivity increases for an additional 800 vertical metres below TB-020, while mineralization remains open in all directions, Rockcliff stated.

Results for the newly released hole show:

  • 0.81% copper, 0.67 g/t gold, 1.91% zinc and 17.03 g/t silver for 2.4% copper-equivalent over 6.65 metres, starting at 1,030.13 metres in downhole depth
  • (including 1.44% copper, 1.66 g/t gold, 5.16% zinc and 26.5 g/t silver for 5.38% copper-equivalent over 1.92 metres)

  • 0.57% copper, 0.07 g/t gold and 5.77 g/t silver for 0.64% copper-equivalent over 16.91 metres, starting at 1,120.26 metres

Most large VMS mines in the Flin Flon-Snow Lake mining camp are comprised of multiple stacked VMS-rich lenses that were identified initially as geophysical conductive plates and the Talbot property appears to have those same attributes.—Ken Lapierre,
president/CEO of Rockcliff Copper

True widths weren’t available.

“Most large VMS mines in the Flin Flon-Snow Lake mining camp are comprised of multiple stacked VMS-rich lenses that were identified initially as geophysical conductive plates and the Talbot property appears to have those same attributes,” said Rockcliff president/CEO Ken Lapierre. The company plans further drilling this year to test the plate’s potential.

A January 2016 resource gives the Talbot deposit 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

Rockcliff’s Snow Lake project consists of several properties, with drilling planned this year on the Bur zinc project, Rail copper-polymetallic deposit and Penex zinc property, as well as Talbot. Other recent company news includes the discovery of a large conductive plate below the down-dip continuation of the historic Pen zinc deposit that neighbours Penex, and last month’s start of airborne and ground geophysics on the Laguna gold property.

Read more about Rockcliff Copper.

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

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