Trading Symbol RCR: TSXV
TORONTO, Jan. 19 /CNW/ - Rockcliff Resources Inc. (RCR: TSXV) is pleased to announce that drilling has commenced on its Snow Lake Project located in central Manitoba. A minimum of 5,000 metres (m) of drilling are planned in approximately 30 holes. Drilling is planned on the Rail, Reed, Freebeth, Tramping and Squall properties. The targets include extensions of a known copper-gold rich horizon (Rail), additional testing of DPEM & BHPEM anomalies (Reed), an untested borehole anomaly (Freebeth) and untested, buried ZTEM targets (Tramping and Squall). The properties are situated within the Flin Flon greenstone belt, one of the most prolific and the largest Proterozoic VMS District in the world.
Rockcliff will initially follow-up on recent drilling at the Rail Property where high grade Rail Zone VMS mineralization grading 9.02% copper, 3.46g/t gold, 1.62% zinc and 36.5g/t silver across 4.74 m (see Press Release dated November 10, 2009) and 3.11% copper across 8.01 m (see Press Release dated December 8, 2009) were intersected along the northern and southern areas of the zone, respectively. Previous drilling by Rockcliff has intersected the Rail Zone over a distance of 700 m along strike and up to 450 m vertically. The Rail Zone remains open in all directions.
Drilling at the Reed property will focus on a series of deep, off-hole anomalies indicative of multiple, stacked, highly conductive lenses with conductivities typical of massive sulphide mineralization. Four off-hole anomalies at vertical depths of 500 m, 750 m, 880 m and 930 m will be tested.
Additional areas to test are at the Freebeth property where a previous borehole survey detected an untested off-hole anomaly in a prospective VMS area and at the Squall and Tramping properties where a recent ZTEM survey has identified buried anomalies in the same juvenile arc rock package as at HudBay's Lalor Deposit. The Squall and Tramping properties are located approximately 6 km north and south respectively of HudBay's Lalor Deposit.
Rockcliff has the exclusive right to earn a 100% interest in the Rail, Reed and Freebeth properties from Hudson Bay Exploration and Development Company Limited (HBED), a wholly owned subsidiary of HudBay Minerals Inc. (HBM: TSX). If Rockcliff earns its interest in the Rail, Reed and Freebeth properties, HBED will receive a 2% Net Smelter Return Royalty in each of the properties. If Rockcliff earns a 100% interest in the Rail, Reed and Freebeth properties, HBED then has a right to acquire up to a 65% interest in the Rail, Reed and Freebeth properties. Please refer to the Press Release dated March 23, 2007 for further details. The Squall and Tramping properties are 100% owned by Rockcliff.
Rockcliff Resources Inc.
Rockcliff Resources Inc. is a Canadian resource exploration company focused on discovery and advancement of its high-quality mineral assets on its Snow Lake Project. Rockcliff presently controls the Snow Lake Project totalling in excess of 600km(2) of which 440km(2) is 100% owned by Rockcliff and located within and proximal to the Snow Lake Camp. The project presently includes five historical VMS deposits (Lon, Rail, Reed, Kof and Sylvia), one former gold mine (Century Mine) and numerous additional areas with potential for VMS and gold mineralization. Rockcliff also controls the Shihan VMS Project located in Northern Ontario.
Peter Wood, P.Eng., P.Geo., VP Exploration of Rockcliff, a Qualified Person under the definition of National Instrument 43-101, is responsible for the technical information in this press release.
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Rockcliff undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Rockcliff Resources Inc.
For further information: For further information: please visit our website at www.rockcliffresources.com or contact Ken Lapierre, P.Geo., President and CEO of Rockcliff Resources Inc. at (416) 863-9800 or at firstname.lastname@example.org