Drilling Commences at Tower Copper-Gold Property
Trading Symbol RCR: TSXV
TORONTO, Oct. 19 /CNW/ - Rockcliff Resources Inc. (RCR: TSXV) is pleased to announce that preliminary drilling has commenced on the Tower Copper-Gold Property located in central Manitoba. A minimum of 2,000m of drilling are planned in approximately six holes. The target is the Tower VMS Zone, a multi-zoned system rich in copper, gold, zinc and silver.
Highlights from all of the eight widely spaced (200m centers) historic drill holes are listed below.
- 3.78m grading 5.30% copper, 0.85g/t gold, 2.01% zinc and 22.0g/t silver including 0.92m grading 7.89% copper, 1.16g/t gold, 3.07% zinc and 35.8g/t silver and 0.49m grading 15.30% copper, 0.37g/t gold, 2.44% zinc and 47.0g/t silver; - 2.13m grading 3.68% copper, 0.41g/t gold, 1.97% zinc and 14.4g/t silver including 1.45m grading 4.97% copper, 0.34g/t gold, 2.63% zinc and 18.5g/t silver; - 3.06m grading 3.26% copper, 1.41g/t gold, 0.38% zinc and 10.7g/t silver including 0.51m grading 9.01% copper, 8.30g/t gold, 2.20% zinc and 42.0g/t silver; - 2.00m grading 1.35% copper, 0.09g/t gold, 0.20% zinc and 7.4g/t silver - 3.24m grading 1.01% copper, 0.19g/t gold, 0.76% zinc and 3.9g/t silver including 1.35m grading 1.30% copper, 0.16g/t gold, 1.65% zinc and 4.6 g/t silver.
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.
Drilling and down hole geophysics has identified the Tower Zone as an extensive sheet of sulphides with a minimum strike length of 700m and a minimum vertical depth of 700m.
Rockcliff's program will test the zone between and below the widely spaced historic drill holes.
The information in this news release has been reviewed by Ken Lapierre P.Geo., President & 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 totaling in excess of 600 km2 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, 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.
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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