Located about 50 kilometres north of Grand Rapids and about 160 kilometres from the Bucko Mill, not far from Highway 6, Talbot Property is Rockcliff’s flagship gold-rich copper asset. Within the property, the Talbot Deposit hosts a NI 43-101 inferred mineral resource of 4.2 million tonnes at 1.6% Cu, 1.8 g/t Au, 1.4% Zn, 28 g/t Ag. Compared to 30 mines that have gone into production in the Flin Flon-Snow Lake greenstone belt, Talbot is the fourth largest initial resource prior to production after the past producing Flin Flon mine and the Lalor mine and the 777 mine.
Rockcliff has earned 51% interest in the Talbot property from Hudbay Minerals. The Company will complete a Preliminary Economic Assessment (PEA) by the second quarter of 2020. The deposit remains open for expansion with multiple untested conductive plates. A + 22,000 metres drill program is planned.
Figure 1: Simplified 2+75 Cross Section. % represents CuEq grades. Metres represents down the hole drill thickness as true thickness is not accurately known.