Toronto, ON – November 30, 2017 – Rockcliff Metals Corporation (“Rockcliff“ or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce that an Induced Polarization (IP) and resistivity geophysical survey has been completed at the Company’s Laguna Gold Property, Manitoba. The IP and resistivity survey was completed in an area covering the Laguna Gold Mine Trend, a 5.0 kilometre long by 1.0 kilometre wide gold-rich, sulphide-bearing quartz vein environment. The Laguna Gold Property hosts the former high-grade Laguna gold mine, Manitoba’s first and highest-grade gold mine and is part of the Company’s Manitoba property portfolio, one of the highest-grade base and precious metals property portfolios in North America. The Company’s property portfolio is in the Snow Lake mining camp located within the prolific Flin Flon-Snow Lake greenstone belt hosting high-grade precious and base metal deposits and mines.
Please review Figure 1 highlighting the IP chargeability at a 200 metre RSL depth slice across approximately 5.0 kilometres of the Laguna Gold Mine Trend.
Ken Lapierre President & CEO stated “Our IP and resistivity geophysical survey at the Laguna Gold Property, has identified seventeen significant high priority anomalies within the Laguna Gold Mine Trend worthy of follow-up exploration. The Laguna Gold Mine Trend is a bona fide gold-rich, sulphide-bearing quartz vein environment with significant geophysical depth potential to at least 250 metres vertical. The Laguna Gold Mine Trend is a minimum 5.0 kilometres long by 1.0 kilometre wide and hosts the Laguna Gold Mine and multiple additional gold-rich, sulphide-bearing quartz veins with significant grab sample gold assays from trace to plus 620 grams per tonne. The Laguna Gold Mine Trend was last drilled in 1944 and now with definition of these new untested gold targets is a testament to the excellent untested gold potential at Laguna.”
Induced Polarization and Resistivity Survey: Seventeen High Priority Gold Targets Identified
The purpose of the IP and resistivity survey at the Laguna Gold Property was to determine the effectiveness of the electrical survey method in identifying possible anomalies from surface to depth from sulphide-bearing gold-rich surface quartz veins. A total of 40.5 kilometres of survey was completed on 51 survey grid lines covering the Laguna Gold Mine Trend, an area 5.0 kilometres long by 1.0 kilometre wide was surveyed. The tight electrode survey spacing allowed excellent surface resolution and superior depth penetration up to 250 metres vertical.
The IP and resistivity survey was successful in identifying seventeen high priority anomalies throughout the Laguna Gold Mine Trend which were strategically located mostly below and along strike of known gold-bearing sulphide-rich quartz veins and are all considered worthy of follow-up exploration. Additional exploration during winter freeze-up will include a second IP and resistivity survey along strike and in the footwall of the Laguna Gold Mine Trend.
Figure 1: IP Chargeability Depth Slice at 200 metres RSL across the Laguna Gold Mine Trend
To view the graphic in its original size, please click here
About the Laguna Gold Property
The Laguna Gold Property hosts the former Laguna gold mine, Manitoba’s first and highest-grade gold mine located in the Flin Flon-Snow Lake mining camp. Historical, intermittent gold mining between 1916 and 1939 produced over 60,000 ounces of gold grading approximately 19.0 grams per tonne. The Laguna gold mine’s infrastructure consists of a reclaimed, covered, three compartment vertical shaft to 381 metres and 8 levels totalling over 3.0 kilometres of underground drift and stope development. The Laguna Gold Property hosts the Laguna Gold Mine Trend, a prospective gold-rich, sulphide-bearing quartz vein environment 5.0 kilometres long by 1.0 kilometre wide. The Laguna Gold Property is strategically located near an existing 2,000 tonne per day, non-operational, gold mill in Snow Lake, Manitoba.
The gold mineralization on the Laguna Gold Property is metallogenically controlled by subsidiary thrust faults attributed to the major regional Crowduck Bay Fault which crosses the entire length of the Laguna Gold Property. The gold-rich, sulphide-bearing quartz veining and stockwork systems along the northwest limb of the Herb Lake Syncline typically occur where the subsidiary faults intersect quartz-feldspar and biotite porphyry stocks that intrude Missi Group sedimentary and volcanic rocks. Quartz, iron carbonate-albite-sericite alteration commonly overprint peak regional metamorphic assemblages within gold-rich quartz vein margins. Sulphide mineralization in quartz and surrounding quartz stockwork wall rock consists of pyrite, arsenopyrite, chalcopyrite, sphalerite, galena, pyrrhotite, native gold and telluride.
Pursuant to its option agreement Rockcliff’s wholly-owned subsidiary, Goldpath Resources Corp., can earn a 100% interest in the Laguna Gold Property. Please refer to the Company’s news release dated September 12, 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 Company’s 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 Company’s 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 Company’s projects also include Manitoba’s first and highest grade former lode gold producer (Laguna Gold Property), four additional gold-rich properties (Lucky Jack Gold Property, SLG Gold Property, Berry Creek Gold Property and DSN Gold Property), a Net Smelter Royalty on the Tower Copper Property (the T-1 copper deposit) and the optioned near surface high grade MacBride zinc deposit located north of Leaf Rapids, Manitoba.
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 within, 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 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 contact:
Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231