Rockcliff to Complete 70,000 Metre Drill Program on Copper Properties in 2020
14 Janvier 2020 - 2:19PM
Rockcliff Metals Corporation (
“Rockcliff” or the
“Company”) (CSE: RCLF) (FRANKFURT: RO0, WKN:
A2H60G) is pleased to announce that its ongoing,
fully-funded +100,000-metre drill program which began in 2019 has
now re-commenced. A total of approximately 70,000 metres is
expected to be drilled throughout 2020. A minimum of ten drills are
either at property sites or are in transition to various
properties. This extensive drill program will continue to focus on
enhancing the confidence of the Company’s advanced-stage deposits
while drilling will also be initiated on other high-grade copper
deposits that are within trucking distance to the Company’s fully
functional leased mill and tailings complex.
Rockcliff’s President and CEO Alistair Ross
commented: “All samples from our 2019 drill program have now been
submitted for assay, and will be released as soon as they are
available. The 2020 program is important from two aspects. The
primary focus will be to continue growing the confidence in our
deposits at Rail and Tower, and progress the JV talks with Hudbay
on Talbot. In addition, this year we will take the opportunity to
begin some preliminary exploration on some promising projects at
Copperman, Freebeth and Pen to begin to grow our pipeline beyond
our primary three front runners referred to above. ”
2020 Drill Program
The 2020 drill program is designed as a
multi-focussed program.
Advanced-Stage Drilling:
Approximately 20,000-30,000 metres of drilling
are planned to strengthen the confidence on the existing, 100%
owned Tower and Rail advanced-stage deposits. This drilling will be
included in the new NI 43-101 Resource Estimates planned to be
completed in Q1 of 2020. Additional drilling outside of the known
deposits is also anticipated where high-priority geophysical
anomalies along strike of the deposits exist. Drilling at the
Talbot deposit, at which the Company recently completed all
required work expenditures to earn a 51% interest (subject to
Hudbay’s review), is planned in 2020 once the joint venture
agreement with Hudbay is finalized.
Exploration Drilling:
Approximately 30,000-40,000 metres of
exploration drilling will focus on several properties, including
the Bur, Copperman, Pen, and Freebeth properties where known
historical deposits and copper-bearing zones exist. The main
purpose of this program is to advance our geological knowledge of
each deposit, advance and grow the known mineralization and to make
copper discoveries. Of importance is the fact that all properties
to be drill tested are within trucking distance to the Company’s
fully functional leased mill and tailings facility.
About Rockcliff Metals
Corporation
Rockcliff is a well-funded Canadian resource
development and exploration company and near-term copper producer,
with a fully functional +1,000 tpd leased processing and tailings
facility as well as several advanced-stage, high-grade copper and
zinc dominant VMS deposits in the Snow Lake area of Manitoba. The
Company is a major landholder in the Flin Flon-Snow Lake greenstone
belt which is home to the largest Paleoproterozoic VMS district in
the world, hosting mines and deposits containing copper, zinc, gold
and silver. The Company’s extensive portfolio of properties totals
over 4,500 square kilometres and includes eight of the
highest-grade, undeveloped VMS deposits in the belt.
For more information, please visit
http://rockcliffmetals.comTwitter: @RockcliffMetalsFacebook:
Rockcliff Metals Corporation
For further information, please
contact:Rockcliff Metals
Corporation
Alistair
Ross
President &
CEO
Cell: (705)
507-4251
aross@rockcliffmetals.com
Cautionary Note Regarding
Forward-Looking Statements: This news release includes
forward-looking statements that are subject to risks and
uncertainties. Forward-looking statements involve known and unknown
risks, uncertainties, and other factors that could cause the actual
results of the Company to be materially different from the
historical results or from any future results expressed or implied
by such forward-looking statements. All statements contained in
this news release, other than statements of historical fact, are to
be considered forward-looking. Although Rockcliff believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not a guarantee of
future performance and actual results or developments may differ
materially from those in the forward-looking statements.
The Canadian Securities Exchange does not accept
responsibility for the adequacy or accuracy of this news
release.
Rockcliff Metals (CSE:RCLF)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Rockcliff Metals (CSE:RCLF)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024