Saturday 25th March 2017

Resource Clips


Posts tagged ‘silver’

Pistol Bay expands Confederation Lake package, adding gold to base metals potential

March 22nd, 2017

by Greg Klein | March 22, 2017

The largest portfolio in western Ontario’s Confederation Lake greenstone belt just got larger as Pistol Bay Mining TSXV:PST increased its holdings to about 9,450 hectares. Two claim groups, Lucky 7 and Moth, cover “a 53-kilometre length of favourable volcanic geology,” the company stated.

Pistol Bay expands Confederation Lake package, adding gold to base metals potential

Neighbouring Pistol Bay’s Garnet Lake and Garnet East properties, the 640-hectare Lucky 7 hosts a copper-gold sulphide zone that was drilled in 1980 and 2002. A zone of massive to disseminated sulphides, the Hilltop copper-gold zone, was trenched but apparently never drilled. One of two Hilltop grab samples taken last year assayed 13.84 g/t gold and 3.21% copper.

Five kilometres from Lucky 7, the 1,360-hectare Moth claims underwent at least 14 holes between 1970 and the mid-1990s, revealing widespread hydrothermal alteration and numerous cases of zinc and/or copper mineralization, Pistol Bay stated. One interval graded 2.86 g/t gold over 0.3 metres. Located two kilometres from the former South Bay zinc-copper-silver mine, Moth sits near the Confederation belt’s most accessible area.

[Assays] suggest that we might be getting into an area with a potential for gold as well as base metals. This is something that hasn’t been widely recognized before in the Confederation Lake belt.—Charles Desjardins,
CEO of Pistol Bay Mining

Assays from both properties “suggest that we might be getting into an area with a potential for gold as well as base metals,” said CEO Charles Desjardins. “This is something that hasn’t been widely recognized before in the Confederation Lake belt.”

Together, the two properties will cost $72,000 and 2.3 million shares over three years. Pistol Bay may buy half of the 1.5% NSR for $400,000.

Last month the company acquired an historic data set for its recently optioned Joy North copper-zinc project. Mostly consisting of drill logs and ground geophysics maps, the info will go into a digital database including drill information, geology, assays, rock chemistry, petrology and geophysics. Now under consideration is an airborne EM and mag survey to penetrate deeper than earlier systems and better discriminate bedrock from overburden conductivity.

Pistol Bay’s overall strategy is to apply modern methods and a regional approach to properties that had previously been explored individually by different companies using earlier techniques.

The company also holds the C4, C5 and C6 uranium properties in Saskatchewan’s Athabasca Basin, where a Rio Tinto NYSE:RIO subsidiary advances towards a 100% interest.

On March 20 Pistol Bay closed a private placement totalling $548,436.

Read more about Pistol Bay Mining.

Visual Capitalist puts a graphic perspective on silver

March 15th, 2017

by Jeff Desjardins | posted with permission of Visual Capitalist | March 15, 2017

Although gold has a bigger reputation today as a monetary metal, historically it was often deemed too valuable for everyday transactions. For the most part, common people in places like ancient Rome used silver to buy daily staples like grain or wine. As a result, silver has a strong reputation through monetary history as the “people’s money.”

Even today, silver is still much more widely accessible. With one ounce of gold being 70 times more expensive than an ounce of silver, it’s difficult for someone who is just starting to accumulate wealth to own gold.

Visualizing silver

What do savings and debt look like, using the “people’s money”? Below is everything from the average pay cheque to global sovereign debt visualized as silver cubes.

1. A median U.S. family brings in $2,355 per pay period (semi-monthly) pre-tax

Visual Capitalist: Putting a graphic perspective on silver

 

2. However, the median American family only has about $5,000 of savings

Visual Capitalist: Putting a graphic perspective on silver

 

3. The standard silver delivery bar holds 1,000 ounces of silver

Visual Capitalist: Putting a graphic perspective on silver

 

4. Average household debt is $98,312, with mortgage debt being the primary component

Visual Capitalist: Putting a graphic perspective on silver

 

5. A Lamborghini worth over $400,000 costs the equivalent of a silver cube with 16-inch (0.4-metre) sides

Visual Capitalist: Putting a graphic perspective on silver

 

6. Using a silver price of about $18 an ounce, here’s what $1 million looks like

Visual Capitalist: Putting a graphic perspective on silver

 

7. Every day, the world’s mines produce about 75 tonnes of silver, worth over $44 million

Visual Capitalist: Putting a graphic perspective on silver

 

8. Silver Eagle sales have jumped considerably since the financial crisis

Visual Capitalist: Putting a graphic perspective on silver

 

9. When the Hunt brothers tried to corner the silver market, they hoarded 200 million ounces

Visual Capitalist: Putting a graphic perspective on silver

 

10. Today, almost 900 million ounces of silver is mined each year

Visual Capitalist: Putting a graphic perspective on silver

 

11. JP Morgan’s market capitalization, in comparison to previous cubes

Visual Capitalist: Putting a graphic perspective on silver

 

12. All silver ever mined would not compare to the Fed’s balance sheet, which is now $4.5 trillion

Visual Capitalist: Putting a graphic perspective on silver

 

13. Global sovereign debt is 13 times bigger than all previous cubes combined

Visual Capitalist: Putting a graphic perspective on silver

 

Liked our visualizations of silver cubes? Don’t forget to check out 11 stunning visualizations of gold.

The Money Project is an ongoing collaboration between Visual Capitalist and Texas Precious Metals that seeks to use intuitive visualizations to explore the origins, nature and use of money.

Posted with permission of Visual Capitalist.

Golden Dawn Minerals reports positive gold-silver metallurgy from B.C.’s Greenwood camp

March 15th, 2017

by Greg Klein | March 15, 2017

Initial metallurgical results support Golden Dawn Minerals’ (TSXV:GOM) plan to put a southeastern British Columbia mine and mill back into production. A 16-kilogram composite sample from the May Mac mine underwent gravity and flotation at the company’s Greenwood mill, 15 kilometres away, with 98% recovery for gold and 97.7% for silver. Preliminary results suggest no major modifications to the mill would be necessary to process May Mac feed.

The past producer comprises one of several former mines proximal to the mill that Golden Dawn endeavours to re-open.

Golden Dawn Minerals reports positive gold-silver metallurgy from B.C.’s Greenwood camp

Sitting amidst Golden Dawn’s portfolio of former mines,
the Greenwood mill has a 200-tpd capacity expandable to 400 tpd.

“Flotation cleaning will now be tested in order to make a higher-grade concentrate for sale,” the company stated. “Optionally, cyanide leaching results after 48 hours’ retention indicate approximately half the silver was recovered, and with a gold recovery of 90%.”

Meanwhile underground drilling continues at May Mac, with surface drilling planned for next month. The company has permitting underway to extend the mine’s #7 level for a bulk sample of up to 10,000 tonnes for processing at the Greenwood mill. Plans also call for a maiden resource this year. Earlier this month the company released the last of 19 holes from last winter’s program.

With a de-watering permit now in process for the nearby Lexington project, Golden Dawn hopes to begin trial mining in Q3 or Q4. The past producer has 96,300 gold-equivalent ounces measured and indicated, along with 2,300 ounces inferred at a 3.5 g/t gold-equivalent cutoff.

Included in the 2017 agenda is surface drilling at Golden Crown, which currently hosts 62,500 gold-equivalent ounces indicated and 13,100 ounces inferred, also using a 3.5 g/t gold-equivalent cutoff.

Golden Dawn has a modest program of geophysics in store for the KRR property, an 11,000-hectare package of 29 historic mines and 40 significant showings. The company announced a 43-101 on the recent acquisition in January.

With a final tranche of US$1 million now in hand, the company has collected the full US$4-million advance from a gold purchase agreement with RIVI Capital LLC.

Golden Dawn’s Greenwood camp portfolio lies about 500 kilometres east of Vancouver.

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.

Golden Dawn Minerals reports May Mac assays as underground drilling continues

March 6th, 2017

by Greg Klein | March 6, 2017

Golden Dawn Minerals TSXV:GOM released the last of 19 holes drilled so far this winter at its May Mac mine in southern British Columbia’s historic Greenwood camp. Following assays reported last month, the results show silver-polymetallic mineralization on the Skomac vein system beyond, above and below the former mine’s #7 adit.

Some highlights from hole MU17-10 include:

  • 81.1 g/t silver, 0.06 g/t gold, 2.1% lead and 0.6% zinc over 5.25 metres, starting at 188.82 metres in downhole depth
  • (including 121.4 g/t silver, 0.07 g/t gold, 3.5% lead and 1% zinc over 2.7 metres)

  • 86 g/t silver, 0.01 g/t gold, 5.3% lead and 1.6% zinc over 1 metre, starting at 195.78 metres

  • 174.3 g/t silver, 8.2 g/t gold, 3.7% lead, 2.6% zinc and 0.01% copper over 1.2 metres, starting at 211.6 metres
  • (including 228 g/t silver, 19.65 g/t gold, 8.8% lead, 6.2% zinc and 0.2% copper over 0.5 metres)

  • 98 g/t silver, 0.01 g/t gold, 0.5% lead, 0.9% zinc and 0.1% copper over 1.5 metres, starting at 218.37 metres

  • 18.33 g/t silver, 3.11 g/t gold, 1.2% lead, 3.5% zinc and 0.1% copper over 1.97 metres, starting at 221.89 metres

  • 37.5 g/t silver, 6.76 g/t gold, 1.4% lead, 2.2% zinc and 0.1% copper over 1.32 metres, starting at 226.4 metres
Golden Dawn Minerals reports May Mac assays as underground drilling continues

True widths weren’t available.

The program found veining concentrated in four zones ranging from 1.2 metres to 19.43 metres in extent, with significant mineralization in the first three zones.

Drilling continues at the underground drill station, prior to moving the rig to two other stations. Golden Dawn also has permitting underway to extend the #7 drift for a bulk sample of up to 10,000 tonnes. Samples have already been taken for metallurgical tests at the company’s Greenwood mill, 15 kilometres southeast. Golden Dawn holds an extensive portfolio of former mines proximal to the 200-tpd mill, which the company hopes to restart this year.

Last month the company announced a US$4-million advance on a streaming agreement for its past-producing Lexington and Golden Crown gold mines. Lexington has trial mining anticipated for Q3, while Golden Crown has a permit application for infill drilling. Trial mining at Golden Crown could begin in Q2 2018, following successful permitting, adit refurbishment and underground exploration.

The company also has field work planned for its Phoenix and Tam O’Shanter properties, part of a 11,000-hectare, 29-property acquisition that closed in January.

Golden Dawn’s Greenwood portfolio sits about 500 kilometres east of Vancouver.

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.

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.

King’s Bay flies geophysics over Labrador copper-cobalt project

February 28th, 2017

by Greg Klein | February 28, 2017

Following a 12-fold expansion of the property last month, King’s Bay Gold TSXV:KBG announced a VTEM survey now airborne on the Lynx Lake copper-cobalt project in southeastern Labrador. Survey operator Geotech Ltd says its proprietary system reaches more than 800 metres in depth, featuring high spatial resolution as well as a low base frequency to pass through conductive overburden. “This system is advertised to be able to delineate potential drill hole targets from the airborne results,” King’s Bay stated. The survey’s expected to wrap up by mid-April.

King’s Bay flies geophysics over Labrador copper-cobalt project

Field work revealed gossan and
massive sulphides at Lynx Lake.

Lynx Lake’s potential came to light after the Trans-Labrador Highway opened up the region in 2008. Grab samples from the 24,000-hectare property’s east side showed non-43-101 results up to 1.39% copper, 0.94% cobalt, 0.21% nickel and 6.5 g/t silver. On the west side, non-43-101 grab samples assayed up to 1.03% copper, 0.566% cobalt, 0.1% nickel, 5 g/t silver, 0.36% chromium, 0.39% molybdenum and 0.23% vanadium.

A regional low-res magnetic survey conducted by the province and a hand-held EM device brought preliminary indications of strong conductors in the area. A 90-minute drive from the town of Happy Valley-Goose Bay, Lynx Lake has powerlines and a highway adjacent to the property.

Two weeks earlier King’s Bay announced a 100% option on the Trump Island property in Newfoundland, where a shipment of high-grade copper-cobalt material was reportedly mined in 1863. In early February the company picked up three Quebec properties, all of which had historic, non-43-101 sampling results showing cobalt.

King’s Bay closed a $938,752 private placement in January.

See an infographic: Cobalt—A precarious supply chain.

Golden Dawn Minerals releases silver-gold-polymetallic assays from historic Greenwood camp

February 24th, 2017

by Greg Klein | February 24, 2017

Underground drilling delivered the highest silver and gold assays so far from the Skomac vein system at the former May Mac mine, Golden Dawn Minerals TSXV:GOM reported February 23. With noteworthy lead and zinc numbers as well, the results come from one of the past-producers the company intends to revive at its Greenwood portfolio in southern British Columbia. The assays reflect nine of this year’s 10 May Mac holes totalling 1,320 metres, while results are pending for the tenth hole. Along with nine holes sunk late last year and released in mid-January, the work currently totals 2,125 metres.

All 19 holes hit the Skomac vein system, showing mineralization continues along the principal vein from the #6 level, passing the #7 level. Parallel veins also revealed mineralization. Some highlights include:

Hole MU17-01

  • 235 g/t silver, 2.07 g/t gold, 0.8% lead, 1.4% zinc and 0.2% copper over 1.56 metres, starting at 32.05 metres in downhole depth

MU17-02

  • 231.2 g/t silver, 0.51 g/t gold, 5.9% lead, 6.4% zinc and 0.3% copper over 1.92 metres, starting at 59.44 metres
Golden Dawn Minerals releases silver-gold-polymetallic assays from historic Greenwood camp

Golden Dawn plans additional underground
drilling and a bulk sample at the former May Mac mine.

MU17-05

  • 177 g/t silver, 7.91 g/t gold, 0.5% lead, 0.4% zinc and 0.1% copper over 1.05 metres, starting at 32.67 metres

MU17-06

  • 35.1 g/t silver, 6.32 g/t gold, 0.3% lead, 0.6% zinc and 0.1% copper over 1.36 metres, starting at 224.82 metres
  • (including 79.5 g/t silver, 14.55 g/t gold, 0.6% lead, 0.3% zinc and 0.1% copper over 0.46 metres)

MU17-07

  • 371 g/t silver, 8.86 g/t gold, 0.7% lead and 0.2% copper over 0.5 metres, starting at 62.7 metres

MU17-08

  • 559.4 g/t silver, 1.27 g/t gold, 0.2% lead, 2.1% zinc and 0.1% copper over 2.06 metres, starting at 52.8 metres
  • (including 1,935 g/t silver, 4.21 g/t gold, 0.7% lead, 7.1% zinc and 0.2% copper over 0.54 metres)

True widths weren’t available.

With more holes scheduled for this drill station, Golden Dawn plans additional underground work at two other drill stations. The company also has permitting underway to extend the #7 drift for drilling and bulk sampling up to 10,000 tonnes. Processing would take place at Golden Dawn’s Greenwood mill, 15 kilometres southeast.

Looking at another of the company’s Greenwood properties, Golden Dawn has applied for a surface drilling permit for its Golden Crown property, which has a 2016 resource estimating 62,500 gold-equivalent ounces indicated and 13,100 ounces inferred.

Other plans include field work on an acquisition of 29 former Greenwood mines that closed last week. Golden Dawn filed a 43-101 on the 11,354-hectare package in January.

On February 24 the company announced closing of a US$1-million convertible security increase with Lind Asset Management VI. Earlier this month Golden Dawn reported receiving an initial US$3 million of a US$4-million streaming deal from RIVI Capital.

With an extensive portfolio of former mines proximal to its 200-tpd mill, Golden Dawn hopes to revive the historic Greenwood camp, about six hours’ drive east of Vancouver.

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.