Rockcliff acquired the 100%-owned Penex Property by surface staking open ground surrounding Hudbay Minerals’ Pen deposit. The Property hosts the down-dip continuation of the Pen deposit at an approximate vertical depth of 350 metres vertical. Geophysical surveys suggest the conductivity on Rockcliff’s property strengthens at depth and could represent significant volumes of sulphide mineralization. Additionally, a 2.6 km long airborne geophysical survey located west of the deposit remains untested by drilling.
The target at the Penex Property is 2.0Mt of high-grade VMS (copper and zinc) mineralization.