Rockcliff Metals Corporation (
“Rockcliff” or the
“Company”) (CSE: RCLF) (FRANKFURT: RO0, WKN:
A2H60G) is pleased to announce that the Company recently
completed a NI 43-101 Technical Report and a copper-gold grab
sampling program on the Company’s SLG Gold Property. The property
is immediately adjacent to three former gold producers, a 2,000
tonne per day gold mill facility and is located in Snow Lake,
Manitoba, an area presently known as a world class Volcanogenic
Massive Sulphide (“VMS”) mining camp but also an area with a long
history of gold mining.
The SLG Property: National Instrument
43-101 Technical Report:
The report, commissioned in 2019 by the Company
and titled “Canadian National Instrument 43-101 Technical Report on
the SLG Property Project, Snow Lake Manitoba, Canada,” dated
November 30, 2019 (the “SLG Report”), was prepared
by Darrell Turcotte P.Geo. APGO, a qualified person under National
Instrument 43-101. The SLG Report is available for viewing on the
SEDAR profile for Rockcliff Metals Corporation, at
www.sedar.com.
The SLG Report states, “The viability of
high-resolution airborne and ground-based geophysical surveys used
to identify and map unknown structures that may potentially host
prospective for gold and base metal deposits, has sufficient merit
to warrant additional work on this ground. The local area
infrastructure, population and expertise make a strong statement of
support for the development of any significant mineable deposit to
achieve production status and offer a suitable return on investment
for investors and economic benefits to the regional
communities.”
The SLG Report recommends exploration in two
phases of work. The first recommended phase includes prospecting,
geological and structural mapping, trenching and geophysics
focusing on VMS and orogenic gold environments. The second phase
recommends data compilation of the phase 1 work, followed by
diamond drilling and assaying.
The SLG Property hosts multiple historical gold
rich and copper-gold rich zones along several regional structural
fault horizons. One such horizon termed the McLeod Copper-Gold
Horizon is a significant structural horizon with a strike length of
over 10 km (see figure 1). Within this horizon the Hawke
Copper-Gold Zone outcrops on surface. Rockcliff’s recent grab
samples on the Hawk Copper-Gold Zone confirmed the presence of
widespread gold and copper mineralization.
A winter program of line cutting and geophysics
is planned over the exposed copper-gold mineralization to determine
its lateral and vertical conductive extent.
Hawke Copper-Gold Zone: An
undrilled, siliceous pillow basaltbearing horizon with stringers to
massive sulphides containing copper-gold mineralization has been
traced intermittently for over 2 kilometers with widths up to 30
metres (see figure 2). Historical grab samples were reported to
grade from trace to 2.0 g/t gold and trace to 5.2% copper
throughout the zone. VMS alteration of
garnet-anthophyllite-cordierite as well as tourmaline are
associated with the footwall of the zone. The horizon is proximal
and parallel to the regional McLeod Road Thrust Fault. Rockcliff’s
recent 2019 grab sampling program over an exposed outcrop of the
Hawke Copper-Gold Zone returned gold values from 0.01g/t to 0.75g/t
and copper values from 0.05% to 1.57%.
The Hawke Copper-Gold Zone remains an important
undrilled target associated with surface copper-gold mineralization
in the center of a major VMS mining camp and historical gold mining
camp.
To view an enhanced version of this graphic,
please
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Figure 1 - Plan map highlighting the Hawke Copper-Gold Zone
within the McLeod Copper-Gold Horizon
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Figure 2: Hawk Copper-Gold Zone-chalcopyrite-rich and
malachite stained grab sample
Rockcliff is presently into the third year of a
five year option agreement pursuant to which it can earn 100%
interest in the SLG Property. Please refer to the press
release dated October 5, 2016 for specifics of the SLG Property
option agreement.
Laboratory QA/QCRock grab
samples were taken in the field, packaged and shipped directly from
Rockcliff’s field office to TSL Laboratories (TSL), Saskatoon, SK.
TSL is a Canadian assay laboratory and is accredited under
ISO/IEC 17025. Each bagged rock sample was dried, crushed to 70%
passing 10 mesh and a 250-gram pulp was pulverized to 95% passing
150 mesh for assaying. A 0.5 g cut was taken from each pulp for
base metal analysis and leached in a multi acid (total) digestion
and then analyzed for copper, lead, zinc and silver by atomic
absorption. Gold concentrations were determined by fire assay using
a 30 g charge followed by fire assay gravimetric and atomic
absorption finish. Samples greater than an upper detection limit
(3000 ppb) were reanalyzed using a 1 AT charge. Rockcliff
inserted certified blanks and standards in the sample stream to
ensure lab integrity.
QPKen Lapierre P.Geo.,
Vice-President, Exploration of Rockcliff, a Qualified Person in
accordance with Canadian regulatory requirements as set out in NI
43-101, has reviewed and approved the scientific and technical
information that forms the basis for the disclosure contained in
this press release.
About Rockcliff Metals
Corporation
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
Manitoba. The Company is a major copper 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 CorporationLinkedIn: Rockcliff Metals Corp.
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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