Trading Symbol RCR: TSX-V
SUDBURY, ON, Jan. 8 /CNW/ - Rockcliff Resources Inc. (RCR: Tier 1 TSX-V)
is pleased to announce that drilling will commence shortly on the Jackfish
Nickel Property at its Snow Lake Project located in central Manitoba. A 3,000
m drill program is planned on the project which will initially focus at
Jackfish where prospective, near surface, historical nickel-copper targets
correspond with airborne VTEM anomalies outlined in RCR's recently flown
airborne VTEM survey. The drill targets occur along the margin of the Jackfish
Layered Gabbro Intrusion. The intrusion is interpreted as a classic host for
near surface nickel-copper-platinum group metal (PGM) mineralization. Drilling
is planned to commence in January.
Rockcliff's drilling will focus on several high priority VTEM anomaly
trends located along the margin of the intrusion with strike lengths ranging
from 150 m to 350 m. Limited historical drilling, coincident with the
anomalies, intersected near surface, multiple, stacked zones of nickel-copper
mineralization. No PGM assay results were ever reported.
Significant near surface (above 30 m), historical, nickel-copper results
of drill intersected core lengths along the margin of the intrusion include:
- 7.7 meters grading 1.39% nickel and 0.84% copper including
2.7 meters grading 2.22% nickel and 1.25% copper;
- 2.5 meters grading 1.84% nickel and 1.58% copper including
1.4 meters grading 2.82% nickel and 2.53% copper; and
- 2.1 meters grading 2.73% nickel and 0.50% copper.
Ken Lapierre, President and CEO of Rockcliff commented, "Limited work
completed in the 1950s and our recent exploration confirms that potential for
a near surface, nickel-copper-PGM discovery at Jackfish is considered
excellent. Our initial drill holes will focus only on areas that have the
greatest potential for success".
To earn a 100% interest in the property, Rockcliff must pay $100,000 and
issue 100,000 shares in escalating, incremental payments over a four year
period to W. Bruce Dunlop Limited. In addition, Rockcliff will be required to
incur aggregate, escalating, exploration expenditures totalling $350,000 over
a four year period. Please refer to the Press Release dated September 6, 2007
for further details.
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 and is responsible for
verification and quality assurance of Rockcliff's exploration data and
Rockcliff Resources Inc.
Rockcliff Resources Inc. is a Canadian resource exploration company
focused on the Snow Lake VMS Project located in central Manitoba. The project
totals in excess of 1,400 km(2) and is located within the prolific Flin Flon
greenstone belt. The project presently includes five historical VMS deposits
(Lon, Rail, Reed, Kof, Sylvia) and numerous additional areas with potential
for VMS and nickel-copper-PGM mineralization. Rockcliff also controls the
Shihan VMS Project 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
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
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 (705) 688-9800 or at