Thursday 21st September 2017

Resource Clips


Posts tagged ‘Rockcliff Copper Corp (RCU)’

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.

Ken Lapierre discusses Rockcliff Copper’s Flin Flon-Snow Lake portfolio of projects

July 17th, 2017

…Read more

‘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.

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.

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.

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

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.

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.