Trading Symbol RCR: TSXV
TORONTO, June 9 /CNW/ - Rockcliff Resources Inc. ("Rockcliff") (RCR: TSXV) is pleased to announce that summer exploration will begin in July at the Snow Lake Project beginning on the Tower Property. Exploration programs at Tower will include grid linecutting, a DPEM geophysical survey and a minimum of 2,500m of diamond drilling. The immediate focus will be to determine the size and grade of the Tower VMS Zone, an underexplored, multi-zoned system rich in copper, gold, zinc and silver. The zone was discovered in 2000 and only ever tested by eight widely spaced drill holes across a strike length of 600m and to a vertical depth of 400m. The zone remains open in all directions. Down hole geophysics on the eight historical drill holes identified the Tower Zone as an extensive sheet of sulphides that continues to a depth of at least 700 metres vertical. It also identified several strong off-hole conductors worthy of follow-up drilling. The property is located within the southern extension of the prolific Thompson Nickel Belt, Manitoba and is highly prospective for nickel and VMS (copper-rich) mineralization.
Highlights from five out of the eight historical drill holes on the property are listed below.
- 3.78m grading 5.30% copper, 2.01% zinc, 0.85g/t gold and 22.0g/t
0.92m grading 7.89% copper, 3.07% zinc, 1.16g/t gold and 35.8g/t
0.49m grading 15.3% copper, 2.44% zinc, 0.37g/t gold and 47g/t
- 2.13m grading 3.68% copper, 1.97% zinc, 0.41g/t gold and 14.4g/t
1.45m grading 4.97% copper, 2.63% zinc, 0.34g/t gold and 18.52g/t
- 3.06m grading 3.26% copper, 0.38% zinc, 1.41g/t gold and 10.7g/t
0.51m grading 9.01% copper, 2.20% zinc, 8.30g/t gold and 42.0g/t
- 3.24m grading 1.01% copper, 0.76% zinc, 0.19g/t gold and 3.88g/t
1.35m grading 1.30% copper, 1.65% zinc, 0.16g/t gold and 4.57 g/t
- 2.08m grading 1.35% copper, 0.20% zinc, 0.09g/t gold and 7.40g/t
Ken Lapierre, President and CEO of Rockcliff commented, "The Tower VMS Zone is a very large, pervasive, underexplored copper-rich VMS system that is open in all directions and is located less than a kilometre from a major highway and power line. We feel the potential to discover a deposit rich in copper, zinc, gold and silver is excellent and our first drill program will greatly assist us in our evaluation of this goal."
Rockcliff is earning a 70% interest in the Tower VMS Property from Pure Nickel Inc. ("Pure Nickel") (NIC: TSE). To earn a 70% interest, Rockcliff must pay $150,000 in incremental payments over four years and must incur aggregate exploration expenditures totalling $4,000,000 over four years; $2,000,000 over two years to earn a 50% working interest and a further $2,000,000 to earn a further 20% working interest. Please refer to the News Release dated February 21, 2008 for further details.
The information in this news release has been reviewed by Ken Lapierre P.Geo., President and CEO of Rockcliff Resources Inc., a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101.
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 km(2) 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, one former gold mine (Century Mine), one gold deposit (C-Zone) and numerous additional areas with potential for VMS (copper-rich) and gold mineralization. Rockcliff also controls (100%) the Shihan VMS Property (zinc-silver deposit) located in Northern Ontario.
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