Rockcliff’s President and CEO
The Company has received down-the-hole assay results from the remaining 20 holes that were completed in late 2019 (see table below). The previous 5 holes, RL19-062 and RL19-064 were released on
HOLE ID | From (m) | To (m) | Length (m) | Cu % | Zn % | Au gpt | Ag gpt | CuEq % |
RL19-062 | 250.46 | 254.06 | 3.60 | 5.09 | 1.98 | 1.57 | 21.00 | 7.04 |
RL19-063 | 267.73 | 273.07 | 5.34 | 1.23 | 0.46 | 0.38 | 4.33 | 1.69 |
includes | 270.66 | 272.50 | 1.84 | 2.42 | 0.44 | 0.61 | 7.28 | 3.04 |
RL19-064 | 335.23 | 337.67 | 2.44 | 8.76 | 1.03 | 2.20 | 24.61 | 10.78 |
RL19-065 | 472.17 | 474.21 | 2.04 | 2.60 | 0.70 | 0.76 | 6.66 | 3.41 |
RL19-066 | 537.86 | 540.00 | 2.14 | 1.76 | 0.97 | 1.14 | 6.79 | 2.92 |
RL19-067 | 597.5 | 599 | 1.50 | 0.91 | 0.46 | 0.21 | 3.05 | 1.25 |
RL19-068 | 256.67 | 258.39 | 1.72 | 1.70 | 0.48 | 1.21 | 6.81 | 2.72 |
includes | 258.14 | 258.39 | 0.25 | 6.16 | 1.61 | 6.72 | 27.20 | 11.29 |
RL19-070 | 323.41 | 323.65 | 0.24 | 1.76 | 4.28 | 1.19 | 22.20 | 4.37 |
RL19-072 | 459.86 | 460.38 | 0.52 | 2.32 | 2.26 | 0.40 | 6.06 | 3.50 |
RL19-074 | 218.51 | 219.59 | 1.08 | 2.43 | 0.28 | 0.49 | 8.31 | 2.93 |
RL19075 | 450.00 | 452.40 | 2.40 | 9.28 | 1.90 | 5.35 | 27.24 | 13.65 |
includes | 450.80 | 451.90 | 1.10 | 13.88 | 2.40 | 9.18 | 43.12 | 21.03 |
RL19-076 | 336.7 | 339.22 | 2.52 | 0.69 | 0.07 | 0.09 | 1.20 | 0.78 |
RL19-077 | 535.46 | 538 | 2.54 | 2.35 | 0.45 | 2.50 | 10.35 | 4.20 |
includes | 535.46 | 536.5 | 1.04 | 5.23 | 0.88 | 6.04 | 23.67 | 9.61 |
RL19-078 | 390.54 | 393.9 | 3.36 | 2.41 | 0.35 | 0.50 | 5.94 | 2.92 |
includes | 392.63 | 393.13 | 0.5 | 7.29 | 0.77 | 2.06 | 21.34 | 9.10 |
RL19-079 | 596 | 597.95 | 1.95 | 1.02 | 0.19 | 0.11 | 1.83 | 1.18 |
includes | 597.2 | 597.63 | 0.43 | 2.81 | 0.34 | 0.35 | 5.14 | 3.21 |
RL19-081 | 613.15 | 615.8 | 2.65 | 0.72 | 0.20 | 0.10 | 1.11 | 0.87 |
RL19-083 | 506.72 | 508.81 | 2.09 | 2.22 | 0.28 | 0.31 | 4.61 | 2.57 |
RL19-085 | 347.68 | 355.03 | 7.35 | 2.25 | 1.20 | 0.75 | 7.10 | 3.25 |
includes | 347.68 | 349.71 | 2.03 | 7.31 | 3.64 | 2.58 | 24.02 | 10.57 |
RL19-086 | 375.78 | 376.25 | 0.47 | 0.45 | 0.99 | 0.08 | 6.90 | 0.95 |
m = metres represent down hole thickness as true thickness is not currently known, gpt = grams per tonne, CuEq** = copper equivalent values used: | ||||||||
Figure 1: Rail longitudinal section outlining Rail deposit, mineralized down the hole drill intercepts and geophysical borehole anomalies associated with and proximal to the Rail deposit.
To view an image of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3071/51604_3f946c9dd4b3da90_001full.jpg
The Rail property is one of Rockcliff’s advanced stage properties where a PEA is expected to be completed during the second quarter of 2020 and is part of the Company’s overall development strategy as one of the potential projects to be selected as the optimal project to advance to a Feasibility Study.
Additional drill hole information is highlighted below.
Hole ID | UTM Easting | UTM Northing | Dip° | Azimuth° | |
RL19-067 | 397593 | 6068628 | -70 | 270 | 815 |
RL19-068 | 397487 | 6068817 | -52 | 270 | 437 |
RL19-069 | 397369 | 6069002 | -46 | 270 | 238 |
RL19-070 | 397487 | 6068817 | -63 | 270 | 441 |
RL19-071 | 397477 | 6069003 | -62 | 270 | 425 |
RL19-072 | 397611 | 6068782 | -57 | 270 | 485 |
RL19-073 | 397477 | 6069003 | -46 | 270 | 210 |
RL19-074 | 397543 | 6068197 | -45 | 270 | 225 |
RL19-075 | 397617 | 6068486 | -56 | 270 | 430 |
RL19-076 | 397627 | 6068327 | -47 | 268 | 370 |
RL19-077 | 397617 | 6068486 | -63 | 270 | 512 |
RL19-078 | 397627 | 6068327 | -58 | 268 | 445 |
RL19-079 | 397617 | 6068486 | -68 | 270 | 635 |
RL19-080 | 397383 | 6068622 | -45 | 279 | 122 |
RL19-081 | 397691 | 6068192 | -61 | 270 | 734 |
RL19-082 | 397454 | 6068377 | -40 | 274 | 131 |
RL19-083 | 397691 | 6068192 | -55 | 270 | 538 |
RL19-084 | 397435 | 6068500 | -48 | 270 | 122 |
RL19-085 | 397586 | 6068417 | -60 | 270 | 458 |
RL19-086 | 397586 | 6068417 | -47 | 270 | 428 |
The Rail Deposit: National Instrument 43-101 Indicated Resource (“NI 43-101 Compliant Resource”)
Rockcliff filed an initial NI 43-101 Compliant Resource on the Rail Deposit on
The Mineral Resource Statement for the Rail Deposit is reported at a cut-off grade of 2.0% copper. The statement includes metal grades for copper, zinc, gold and silver but not lead because this metal is present at near detection limits. The Mineral Resource Statement for the Rail Deposit is summarized in the table below.
Table 1: Mineral Resource Statement*, Rail Polymetallic Sulphide Deposit,
Resource Category | Quantity | Grade | Contained | |||
(tonnes) | Cu (%) | Zn (%) | Au (g/t) | Ag (g/t) | Cu (pounds) | |
Indicated | 822,000 | 3.04 | 0.90 | 0.66 | 9.25 | 55,090,000 |
Inferred | - | - | - | - | - | - |
*Reported at a cut-off grade of 2.0 percent copper. Cut-off grade is based on copper price of | ||||||
The mineral resources are reported at a cut-off grade of 2.0% copper to reflect “the reasonable prospects” for economic extraction. SRK considers the Rail Deposit to be amenable to extraction using underground mining methods. The mineral resources presented in the Mineral Resource Statement for the Rail Deposit in Table 1 are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves. The Indicated Mineral Resource for the Rail Deposit was classified according to the CIM Definition Standards for Mineral Resources and Mineral Reserves (
Quality Control and Quality Assurance
Samples of half core were packaged and shipped directly from Rockcliff’s field office to
About
Rockcliff is a well-funded Canadian resource development and exploration company and near-term copper producer, with a leased 1,000 tpd processing and tailings facility as well as several advanced-stage, high-grade copper dominant Volcanogenic Massive Sulphide (“VMS”) deposits in central
For more information, please visit http://rockcliffmetals.com
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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.
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