Saturday 18th November 2017

Resource Clips


Posts tagged ‘manitoba’

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.

Option reactivates Rockcliff Copper non-core zinc project

October 23rd, 2017

Update: As of November 2, 2017, the company’s name and stock symbol will change to Rockcliff Metals Corp TSXV:RCLF.

by Greg Klein | October 23, 2017

Less than three weeks after acquiring a new Manitoba property, Rockcliff Copper TSXV:RCU optioned another to Nevada Zinc TSXV:NZN. The 4,992-hectare MacBride zinc project comprises a non-core asset for Rockcliff, north of its core portfolio in the Flin Flon-Snow Lake camp. MacBride comes with a near-surface, historic and non-43-101 estimate of 1.82 million tonnes averaging 8.8% zinc, 0.3% copper, 0.1 g/t gold and 4.5 g/t silver that remains open in all directions.

Option reactivates Rockcliff Copper non-core zinc project

Under terms of the 80% option, Nevada may earn 70% by issuing 200,000 shares, paying $200,000 over three years and spending $2.5 million over five years. On achieving 70%, Nevada may form a joint venture with Rockcliff or earn an additional 10% by paying Rockcliff $2 million to form an 80%/20% JV. Should either interest fall below 10%, that stake will convert to a 1% NSR or a 0.5% NSR on claims subject to a pre-existing royalty. On part of the property, the original vendor holds a 2% NSR, half of which may be purchased for $1 million.

Rockcliff president/CEO Ken Lapierre welcomed Nevada’s “financial capabilities, expertise and knowledge in exploring this high-grade zinc-copper asset.” Nevada president/CEO Bruce Durham and CFO Don Christie serve on Rockcliff’s board. “The disinterested directors of Rockcliff approved the option,” the company stated.

Earlier this month Rockcliff announced a 100% option to add a fourth gold property to its Snow Lake portfolio.

This year’s exploration includes a summer airborne geophysical survey over the former Laguna gold mine, surface exploration on Laguna as well as two other gold projects, Dickstone and Snow Lake, and a planned fall drill program.

Along with gold, the company’s Snow Lake package includes VMS deposits. Among them, the Bur zinc-polymetallic project also has fall drilling scheduled. A spring drill program at Rockcliff’s 51%-optioned Talbot property found a new VMS zone.

The company closed an over-subscribed private placement of $1.35 million last August.

Read more about Rockcliff Copper here and here.

Far Resources drills wide intercepts of spodumene on Manitoba lithium project

October 11th, 2017

by Greg Klein | October 11, 2017

Having finished field work that included the Zoro lithium project’s first modern drill program, Far Resources CSE:FAT reports wide intervals showing visual evidence of spodumene. Still to come are lab results from the 710-metre program, as well as from rock and soil samples taken from the property in Manitoba’s Snow Lake camp.

Far Resources drills wide intercepts of spodumene on Manitoba lithium project

The first modern drill program follows extensive sampling
and other field work on Far Resources’ Zoro lithium project.

Targeting Zoro’s pegmatite dyke 1, drilling revealed light green spodumene in widths of 40.5 metres, 39.8 metres, 23 metres, 19.8 metres and 7.5 metres. Additionally, the company’s waiting on assays for 60 rock samples taken from dykes 2, 3 and 4. Also pending are lab results for 410 soil samples collected from areas north and south along trend of all known dykes on the property.

Previous samples taken from historic trenches and pits on dykes 5 to 7 brought results as high as 3.87% Li2O. Earlier composite rock chip samples graded up to 6.35% for dyke 5.

Late last month the company added another 2,200 hectares to Zoro, extending the property towards Ashburton Ventures’ (TSXV:ABR) Thompson Brothers lithium project.

In December Far Resources shareholders will vote on a proposal to spin out the Winston gold project in New Mexico to a newly created company.

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.

Far Resources expands Manitoba lithium property as drilling continues

September 28th, 2017

by Greg Klein | September 28, 2017

Far Resources expands Manitoba lithium property as drilling continues

New ground brings Far Resources a new neighbour.

An additional 2,200 hectares extends Far Resources’ (CSE:FAT) Zoro project towards Thompson Brothers, a lithium project held by Ashburton Ventures TSXV:ABR. Both of the properties in northern Manitoba’s Snow Lake camp have historic, non-43-101 resources and current drill programs. Far Resources has field work planned for its new turf.

The 100% option calls for $25,000 and the same amount in shares on signing. Further commitments would add $225,000 and the same in shares, along with $500,000 in spending over 84 months. A 2% NSR applies, half of which Far Resources may buy for $1 million.

Last week the company began Zoro’s first modern drill campaign with a planned 700 metres focusing on the property’s dyke 1. The program follows soil sampling as well as sampling from historic trenches and pits elsewhere on the property that brought high-grade results.

Far Resources also holds the Winston gold project in New Mexico.

Update: Far Resources drills Manitoba lithium project following high-grade sampling

September 21st, 2017

Update: On September 21 Far Resources announced a drill crew had collared the first hole of a 700-metre program focusing on the Zoro property’s dyke 1, which hasn’t undergone modern drilling.

by Greg Klein | September 8, 2017

Encouraging assays have Far Resources CSE:FAT preparing to drill its Zoro lithium property in northern Manitoba’s Snow Lake mining camp. Of 17 samples recently collected from historic trenches and pits on pegmatite dykes 5 to 7, results graded between 1.02% and 3.87% Li2O for dyke 5, with a maximum of 2.59% for dyke 7. Previous samples ranged from 1.46% to 6.35% for dyke 5 and 1.35% to 2.91% for dyke 7.

Far Resources samples more high-grade lithium, prepares to drill Manitoba project

With a soil sampling program just completed,
Far Resources now has drilling underway.

The company confirmed the presence of a dyke swarm on the property in July. Now Far Resources announces an additional pegmatite dyke in the vicinity of dykes 2 to 4. Sixty samples have been collected for assays. In May the company reported chip sample grades of 2.71% and 3.53% Li2O for dyke 2 and 2.41% for dyke 4.

Additionally, a soil sampling program has just wrapped up.

Having closed its acquisition of the Winston gold project in New Mexico last June, Far Resources is considering spinning the property out to a new company.

Far Resources samples more high-grade lithium, prepares to drill Manitoba project

September 8th, 2017

This story has been updated and moved 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.

Far Resources’ Manitoba lithium project reveals additional spodumene-bearing pegmatite

July 27th, 2017

by Greg Klein | July 27, 2017

Far Resources CSE:FAT has identified spodumene-bearing pegmatite dykes at its Zoro project in Manitoba to a greater extent than previously understood, enhancing the property’s lithium potential. The company confirmed the presence of a dyke swarm following a field visit to the Snow Lake region property, which was originally known to host seven spodumene-bearing dykes. Far Resources announced the discovery of additional dykes earlier this month.

Far Resources’ Manitoba lithium project reveals additional spodumene-bearing pegmatite

A drill program would be necessary to determine their full dimensions, the company stated. Eighteen chip samples have been sent for assays.

Prospecting found dyke 7 exposed over 220 metres before it trends beneath a swamp. Dyke 7 has two smaller pegmatite dykes associated with it, both mineralized with spodumene and possible tantalite. One has a strike of about 80 metres and width up to 13 metres. The other shows about 75 metres in strike and two to three metres in width. Twenty-one pits and trenches have been documented from dyke 7, the company reported.

Dyke 6 outcrop was identified for about 100 metres in strike and widths of 0.5 to two metres. “It has not been exposed by trenches or pits and remains untested although spodumene is present in the dyke,” Far Resources added.

Dyke 5 extends for a 250-metre strike with widths from two to 12 metres at surface. Nineteen pits or trenches have revealed spodumene and possible tantalite.

“With the success of this field program we are looking forward to completing further work to assess dykes 2, 3 and 4 for additional mineralized pegmatites,” said president/CEO Keith Anderson. “This field work will lay the ground work for further drilling in the winter of 2017.”

In late June the company closed its acquisition of the Winston gold project in New Mexico. Last week Far Resources announced it would propose to shareholders that a new company be created to manage the project.