Drilling Continues to Hit High Grade Copper-Gold Mineralization at Tower;
3.3% Copper, 0.3g/t Gold, 0.8% Zinc and 17.6g/t Silver across 7.45m including
9.8% Copper, 0.9g/t Gold, 2.2% Zinc and 51.5g/t Silver across 2.4m; Tower
Zone Remains Open in all Directions
Trading Symbol RCR: TSXV
TORONTO, Nov. 26 /CNW/ - Rockcliff Resources Inc. (RCR: TSXV) is pleased to announce that preliminary drilling on the Tower Copper-Gold Property located in central Manitoba has continued to intersect high grade copper-gold results. The Tower Zone remains open in all directions and has been intersected by widely spaced (100-200m drill centers) drill holes over a strike length of 800m and to a vertical depth of almost 500m.
High grade results from holes 4 and 5 are highlighted below.
- 7.0% copper, 2.0g/t gold, 1.3% zinc and 32.2g/t silver across 2.65m including
11.5% copper, 2.7g/t gold, 2.0% zinc and 49.7 silver across 1.00m (hole 4);
- 3.3% copper, 0.3g/t gold, 0.8% zinc and 17.6g/t silver across 7.45m including
9.8% copper, 0.9g/t gold, 2.2% zinc and 51.5g/t silver across 2.4m (hole 5);
Ken Lapierre, President and CEO of Rockcliff commented, "Significant massive sulphide widths and high grade copper-gold mineralization continue to be intersected at the Tower Zone which is strategically located within 400m of a major highway and power line. Our geophysical bore hole surveys have clearly identified a significant untested area of high conductance representing massive sulphides along strike and at depth to the existing high grade copper-gold drill intercepts."
Significant assay results and drill information from drill holes TP10-003 to TP10-005 are tabulated below. Please see press release dated November 10, 2010 outlining additional high grade copper-gold results from TP10-001 and 002. The lengths reported below are drill intersected core lengths and do not represent true widths.
Borehole | From (m) |
To (m) |
Length (m) |
Copper % |
Gold g/t |
Zinc % |
Silver g/t |
Grid /Azimuth/Dip/depth |
TP10-003 | 490.00 | 493.00 | 3.0 | 0.3 | 0.01 | 0.1 | 2.1 | 1N, 2+13W/100/70/602.6m |
includes | 490.00 | 490.20 | 0.2 | 2.3 | 0.03 | 0.02 | 6.0 | |
TP10-004 | 212.30 | 214.65 | 2.65 | 7.0 | 2.0 | 1.3 | 32.2 | 3N, 0+95W/90/55/290.0m |
includes | 213.95 | 214.95 | 1.00 | 11.5 | 2.7 | 2.0 | 49.7 | |
TP10-005 | 293.20 | 300.65 | 7.45 | 3.3 | 0.3 | 0.8 | 17.6 | 3N, 0+95W/90/67/380.0m |
includes | 298.00 | 300.40 | 2.40 | 9.8 | 0.9 | 2.2 | 51.5 |
To earn a 70% interest in the property, Rockcliff must pay $150,000 in incremental payments to Pure Nickel Inc. (NIC: TSE) over four years and will be required to 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. For additional information please refer to the February 21, 2008 news release.
Ken Lapierre, P.Geo., President & CEO of Rockcliff Resources Inc., a Qualified Person under the definition of National Instrument 43-101, is responsible for the technical information in this press release and has reviewed all information in this news release. He is responsible for verification and quality assurance of Rockcliff's exploration data and analytical results. Samples of half core are packaged and shipped directly from Rockcliff's field office to TSL Laboratories (TSL), Saskatoon, Saskatchewan. TSL is a Canadian assay laboratory and is accredited under ISO/IEC 17025. Each bagged core sample is dried, crushed to 70% passing 10 mesh and a 250g pulp is pulverized to 95% passing 150 mesh for assaying. A 0.5g cut is taken from each pulp for base metal analyses and leached in a multi acid (total) digestion and then analyzed for copper, lead, zinc and silver by atomic absorption. Gold concentrations are determined by fire assay using a 30g charge followed by an atomic absorption finish. Samples greater than upper detection limit (3000 ppb) are reanalyzed using fire assay gravimetric using a 1 AT charge. Rockcliff inserted certified blanks and standards in the sample stream to ensure lab integrity.
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 totaling in excess of 600 km2 located within and proximal to the Snow Lake Mining Camp. The project presently includes four historic VMS (copper-gold rich) deposits (Rail, Lon, Reed and Kof), the Tower VMS (copper-gold) prospect, a former gold mine (Century Gold Mine), one gold deposit (C-Zone) as well as additional areas with potential for VMS (copper-gold rich) and gold mineralization. Rockcliff also controls the Black Gold precious metal property 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.
For further information: For further information:
please visit our website at www.rockcliffresources.com or contact Ken Lapierre, P.Geo., President & CEO of Rockcliff Resources Inc. at (416) 863-9800 or at [email protected]
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