Rockcliff to Update National Instrument 43-101 Resource at Talbot Additional Geophysical Survey Warranted below Talbot Deposit
(firmenpresse) - Rockcliff to Update National Instrument 43-101 Resource at Talbot Additional Geophysical Survey Warranted below Talbot Deposit
Toronto, ON - November 15, 2017 - Rockcliff Metals Corporation (Rockcliff or the Company) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce it has initiated an updated National Instrument (NI) 43-101 Resource estimate at the Talbot Copper Property. The resource will be completed by SRK Consulting. Rockcliff will also initiate a DPEM geophysical survey where previous geophysics outlined the West Talbot Deep Conductive Plate, a large untested anomaly strengthening below and west of the Talbot Copper Deposit (see Figure 1). The Talbot Copper Property is part of the Companys Manitoba property portfolio centered on the Snow Lake Mining Camp within the prolific Flin Flon-Snow Lake Greenstone Belt.
Please view the longitudinal image on the following page for additional information.
Rockcliff President and CEO commented, We are excited about updating the present resource on the Talbot Copper Deposit after our phase 2 drill program identified additional areas of high grade enrichment in the hanging wall and along strike of the present resource. The additional DPEM geophysical survey will help us vector in on the exact up dip location of the West Talbot Deep Conductive Plate. The Talbot Copper Deposit was originally identified as a smaller geophysical conductive plate so any new larger plates identified in this area are viewed as high priority targets. Both the resource update and geophysical survey are anticipated to be completed prior to the end of the year and data will be released when results are available. Planned drilling in 2018 will aid our advancement of the Talbot Copper Property and further define the potential size of the Talbot Copper Deposit.
Present Talbot Copper Deposit NI 43-101 Resource Completed January 25, 2016:
On February 4, 2016, Rockcliff announced on the Talbot Copper Property an Inferred Mineral Resource as set out in the National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101) technical report dated January 25, 2016 and titled Technical Report on the Talbot Property, Manitoba, Canada (the Technical Report), a copy of which is available on the Companys SEDAR profile at www.sedar.com, in respect of an initial Mineral Resource Estimate prepared by Roscoe Postle Associates Inc. (RPA) for the Talbot Copper Deposit located on the Talbot Copper Property in central Manitoba.
The Inferred Mineral Resource Statement prepared by RPA for the Talbot deposit is detailed below.
Mineral Resource Statement, Talbot Deposit, Manitoba, RPA, January 26, 2016
Zone Tonnes Grades Contained Metal
(
kt)
Cu Au Zn Ag Cu (MAu (kZn (MAg (k
(%) (g/t (%) (g/tlb oz lb oz
) ) ) ) ) )
Talbot 1,441.03.4 2.6 2.4 61.0 107.0118.676.4 2,827
Main .8
Talbot FW 443.9 2.2 2.0 2.4 55.6 22.0 28.5 23.2 793.8
North Lens283.4 0.7 2.0 1.3 20.6 4.6 18.3 7.9 187.6
Total 2,168.32.8 2.4 2.2 54.6 133.6165.4107.43,809
.3
Notes:
1. CIM definitions were followed for the estimation of Mineral Resources. 2. Mineral resources are estimated at a cut-off grade of $140 Net Smelter Return (NSR) (equivalent to a copper NSR cut-off of 2.0%) using metal prices, estimated recoveries and offsite payments. 3. Mineral Resources are estimated using a long-term copper price of US$3.50 per pound, gold price of US$1,450 per ounce, zinc price of US$1.25 per pound and silver price of US$22 per ounce. 4. A US$/C$ exchange rate of 1.18 was used. 5. A minimum mining width of 2 metres was used. 6. The average bulk density is 3.2t per cubic meter. 7. Numbers may not add due to rounding. 8. Given the tonnage, grade and orientation of the deposit, RPA considers the Talbot Copper Deposit to be reasonably amenable to extraction using underground mining methods. 9. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
West Talbot Deep Conductive Plate:
A preliminary 3D longitudinal section of the Talbot Copper Deposit area highlighting the known nearby conductive plates including the West Talbot Deep Conductive.
http://www.irw-press.at/prcom/images/messages/2017/41439/November 15 2017 Talbot updated resource finalPRcom.001.jpeg
*Copper Equivalent (CuEq) = Cu grade + ((Zn grade%/100 x Zn price) + (Au grade gpt x Au price/gram) + (Ag grade gpt x Ag price/gram))/Cu price x 100. The numbers may not add up due to rounding.
Rockcliff can earn a 51% interest in the Talbot Property from Hudbay Minerals Inc. Please refer to the news release dated October 11, 2016 for specific terms of the option agreement.
Ken Lapierre P.Geo., President and CEO of Rockcliff, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.
About Rockcliff Metals Corporation
On November 1, 2017 Rockcliff Copper Corporation changed its name to Rockcliff Metals Corporation. The change of name better reflects the polymetallic nature of the Companys high-grade VMS properties that comprise copper, gold, zinc and silver.
Rockcliff is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of the highest grade, undeveloped metal deposits in the prolific Flin Flon - Snow Lake Greenstone Belt located in central Manitoba. The Companys current portfolio of projects, totalling in excess of 45,000 hectares, is located in and around the Snow Lake mining camp and hosts the highest grade undeveloped NI 43-101 compliant copper deposits (the gold-rich Talbot copper deposit and the Rail copper deposit), and the highest grade undeveloped historical zinc deposits (the Lon zinc deposit, the Bur zinc deposit, the Morgan zinc deposit and the down dip continuation of the Pen zinc deposit). The Companys projects also include Manitobas first and highest grade former lode gold producer (Laguna gold property), three additional gold-rich properties (SLG gold property, DSN gold property and Berry Creek gold property), a Net Smelter Royalty on the Tower property (the T-1 copper deposit) and the optioned near surface high grade MacBride zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.
For further information, please contact:
Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
ken(at)rockcliffmetals.com-
CHF Capital Markets
Cathy Hume, CEO
Off: (416) 868-1079 ext. 231
cathy(at)chfir.com
Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking. Although Rockcliff believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.
Neither the 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 news release.
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