CAD$1.2 Million Exploration Program Planned to Commence in July
Trading Symbol RCR: TSXV
TORONTO, July 7 /CNW/ - Rockcliff Resources Inc. ("Rockcliff") (RCR: Tier 1 TSXV) is pleased to announce that a National Instrument (NI) 43-101 Technical Report has been completed for its Gold Dust Property located in central Manitoba west of Rockcliff's Snow Lake Project. The report was completed by Karen J. Ferreira, M.Sc., P.Geo. of Winnipeg, Manitoba. The entire report dated May 15, 2010 and titled "Technical Report on the Gold Dust Property, North-Central Manitoba, Canada" can be viewed at www.sedar.com. In addition to the Gold Dust Property which presently hosts two gold deposits including the former producing Century Gold Mine, the Snow Lake Project covers over 600km(2) and includes four historical VMS deposits rich in copper, zinc, silver and gold as well as other untested VMS and precious metal targets. The Snow Lake Project is strategically located within the Flin Flon greenstone belt, one of the most prolific and the largest Paleoproterozoic VMS district in the world.
Ferreira concluded the Gold Dust property is prospective for gold and holds potential for the discovery of quartz-vein-hosted gold mineralization associated with the Elbow Lake Shear Zone. The Elbow Lake Shear Zone is a prominent 20 km long, protracted deformation corridor which provided a favourable conduit for prolonged movement of gold bearing mineralized fluids that were the source of vein-type gold mineralization on the property. The property hosts the former producing Century Gold Mine, the "C" Zone Deposit and eight known historical gold showings as well as several other unnamed showings and drill core intersections with significant gold assays up to 340 g/t gold. The Century Deposit hosts an historical resource of 311,000 tonnes grading 5.6 g/t gold. The "C" Zone Deposit has an unpublished historical resource of 42,000 tonnes grading 2.8g/t gold. Although the historical estimates of grade and tonnage given in this news release are viewed as relevant based on the information and methods used at the time, they do not satisfy the requirements set out by NI43-101 and must be considered only as historical resources. Neither Rockcliff nor Ferreira has carried out sufficient work to classify the historical estimates under current mineral resource or mineral reserve terminology. The historical estimates are not meant to be interpreted as current estimates as defined in sections 1.2 and 1.3 of NI43-101 and should not be relied upon.
Rockcliff proposes and Ferreira recommends a two-phase exploration program totalling ~CAD$1.2 Million. The program includes 810 line kilometres of airborne geophysics covering the entire Gold Dust property, linecutting and an Induced Polarization (I.P.) Survey and up to 5,000m of diamond drilling. These recommendations are planned to commence in July with initial ground prospecting/mapping, airborne geophysics and surface geophysics to be completed by the third quarter of 2010.
The information in this news release has been reviewed and approved by Karen J. Ferreira, M.Sc., P.Geo, a Qualified Person in accordance with the Canadian regulatory requirements as set out in NI43-101.
Presently, Rockcliff is preparing to commence exploration at the Tower Property. Please refer to the Company's news release dated June 9, 2010 and titled "Rockcliff Plans Summer Exploration at the Tower Property" for additional information.
Rockcliff Resources Inc.
Rockcliff Resources Inc. is a Canadian resource exploration company focused on discovery and advancement of its high-quality mineral assets at its Snow Lake Project. Rockcliff presently controls the Snow Lake Project totalling in excess of 600 km(2) of which 440 km2 is 100% owned by Rockcliff and located within and proximal to the Snow Lake Mining Camp. The project presently includes four historic VMS deposits (Lon, Rail, Reed and Kof), the Tower VMS Prospect, and now a former gold mine (Century Mine), one gold deposit (C-Zone) as well as additional areas with potential for VMS (copper-rich) and gold mineralization. Rockcliff also controls (100%) the Shihan VMS Property (silver-zinc deposit) located in Northern Ontario.
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.