Rockcliff Initiates NI 43-101 Resource Estimate at the Rail Property, Adds VP
Exploration and Announces Grant of Stock Options
Trading Symbol RCR: TSXV
TORONTO, Sept. 30 /CNW/ - Rockcliff Resources Inc. (RCR: Tier 1 TSXV) is pleased to announce that SRK Consulting (Canada) Inc. has commenced a NI 43-101 Technical Report on the Rail Property, central Manitoba. The report is anticipated to be completed before the end of 2010 and will include geological modelling and resource estimation on the copper-gold rich deposit. Rockcliff has completed 58 holes totalling over 15,000m within the deposit which remains open in all directions. A number of significant intersections (not true thickness) previously announced in earlier news releases are highlighted below:
Hole No. Thickness Copper Gold Zinc -------- --------- ------ ---- ---- RL-07-06 3.57m 3.89% 0.79g/t 1.65% RL-07-07 2.35m 5.02% 1.26g/t 1.28% RL-08-17 3.96m 3.61% 0.72g/t 0.09% RL-08-23 5.11m 4.31% 0.61g/t 2.68% RL-08-28 4.08m 3.38% 0.39g/t 0.27% RL-08-29 8.01m 3.11% 0.30g/t 0.08% RL-08-30 6.09m 3.17% 0.51g/t 0.15% RL-09-37 4.74m 9.02% 3.46g/t 1.66% RL-09-38 1.83m 5.58% 2.54g/t 3.28% RL-10-50 3.62m 5.05% 1.76g/t 2.77% RL-10-51 2.10m 4.43% 1.66g/t 2.85% RL-10-56 4.05m 5.05% 0.60g/t 0.20%
Rockcliff is pleased to announce that Mr. Mark T. Smethurst MSc., P.Geo., has been appointed Vice-President of Exploration effective immediately. Ken Lapierre, President and CEO commented that "the addition of Mark as VP of Exploration is a welcomed step forward for Rockcliff. Mark's extensive 15 year career in the exploration and mining business has given him valuable experience in a broad range of commodities including base and precious metals. His exceptional knowledge in all geological terrains, environments, styles of mineralization and deposit types will play an important role in Rockcliff as we move one step closer towards our ultimate goal of becoming mine finders."
Rockcliff also wishes to announce that an aggregate of 1,500,000 options to purchase common shares of the Corporation at $0.20 per share for five (5) years have been granted to six (6) directors (1,225,000) and two (2) senior officers (275,000) of the Corporation.
The grants are subject to acceptance by the TSX Venture Exchange.
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, is responsible for the technical information in this press release.
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 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, 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: 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 [email protected]
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