TORONTO, ONTARIO–(Marketwired – May 4, 2016) – Rockcliff Copper Corporation (“Rockcliff” or the “Company”) (TSX VENTURE:RCU) is pleased to announce high gold grades from surface grab samples at its Dickstone North Property as part of its ongoing regional exploration program on its Snow Lake Project (“Project”) located in central Manitoba. Grab sample results ranging from trace to as high as 21.2g/t gold were identified within a mineralized quartz vein system along a strike length of 140m. The quartz vein system is located in the vicinity of high priority airborne geophysical anomalies which remain unexplained. Also, a fully permitted, geological and geophysical exploration program will commence shortly on areas of the Project with high priority targets for VMS (copper, gold, zinc, silver) and gold mineralization. The Project is located within the world class Flin Flon-Snow Lake greenstone belt. The Project presently hosts several high grade VMS deposits rich in copper, gold, zinc and silver and numerous additional areas with potential for discovery.
At the 100% owned Dickstone North Property, high grade gold was identified in the vicinity of historical, overgrown, shallow trenches. A total of thirteen grab samples were analyzed and returned results ranging from trace to as high as 21.2g/t gold. Gold values are hosted within a quartz vein system up to 2.0m in width and traced for 140m cross-cutting a large porphyritic intrusion. Mineralization consists of chalcopyrite, arsenopyrite, pyrrhotite and pyrite. Two unexplained airborne VTEM anomalies are located south of the gold showing and additional exploration in this area is strongly warranted.
The fully permitted summer exploration program will focus on specific properties within the Project including the Dickstone North, Lon, Rail, Tramping and Talbot properties. Work will focus on geological and geophysical surveys over high priority areas prior to drilling. At Dickstone North, work will focus on the recently identified gold-rich quartz vein system and the nearby VTEM anomalies. At Lon, geological and geophysical surveys will be completed in the vicinity of the “DC Zone”; a surface outcrop exposure of 6.1% Zn (historic grab sample) located proximal to an untested 600m long, 13 channel DPEM conductor. At Rail, exploration will focus on a 4 km long “copper corridor” that hosts the Rail Deposit and several airborne anomalies on strike with the deposit. At Tramping, an untested buried circular airborne anomaly associated with favourable geology will be ground proofed. At Talbot, additional surface geophysics will be completed on areas proximal to the high grade Talbot Copper Deposit where previous work outlined potential areas with additional copper mineralization.
Ken Lapierre, President and CEO commented, “We look forward to advancing our new high grade gold system at the Dickstone North Property and continuing to advance our high grade copper assets within the Project. With a successful summer field season we look forward to a busy drill program this fall.”
Please visit our website at www.rockcliffcoppercorp.com for an updated Investor Presentation and Fact Sheet on Rockcliff.
Quality Control and Quality Assurance
Samples of half core are packaged and shipped directly from Rockcliff’s field office to TSL Laboratories (TSL), Saskatoon, Saskatchewan. TSL is a Canadian assay laboratory and is accredited under ISO/IEC 17025. Each bagged core sample is dried, crushed to 70% passing 10 mesh and a 250g pulp is pulverized to 95% passing 150 mesh for assaying. A 0.5g cut is taken from each pulp for base metal analyses and leached in a multi acid (total) digestion and then analyzed for copper, lead, zinc and silver by atomic absorption. Gold concentrations are determined by fire assay using a 30g charge followed by an atomic absorption finish. Samples greater than upper detection limit (3000 ppb) are reanalyzed using fire assay gravimetric using a 1 AT charge. Rockcliff inserted certified blanks and standards in the sample stream to ensure lab integrity. Rockcliff has no relationship with TSL other than TSL being a service provider to the Company.
About Rockcliff Copper Corporation
Rockcliff is a Canadian resource exploration company focused on discovery and resource expansion of its high-quality mineral properties at its Snow Lake Project. Rockcliff controls the Project in central Manitoba, totalling in excess of 35,000 hectares. The Project includes two (2) VMS high grade copper rich NI 43-101 Resources (the Talbot Deposit and the Rail Deposit), one (1) historic high grade VMS copper deposit (the Lon Deposit), a net smelter return royalty on the Tower Property which hosts the T-1 Copper Deposit, numerous properties with untested geophysical anomalies and several additional properties with VMS potential (Freebeth, Dickstone North and Tramping). Rockcliff also owns a zinc-silver rich NI 43-101 Resource (the Shihan Deposit) in Ontario and a royalty on two gold properties in Colombia, South America.
Rockcliff is well funded with approximately $1.8M in its treasury and no debt.
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.
Cautionary Note Regarding Forward-Looking Statements: This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe Rockcliff’s future plans, objectives or goals, including words to the effect that Rockcliff or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Rockcliff, Rockcliff provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information.
Forward looking information in this news release includes, but is not limited to, statements related to Rockcliff’s release of the initial mineral resource estimate on the Talbot Deposit, statements regarding the potential existence, size and quality of mineralization within the Talbot Deposit, Rockcliff’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Rockcliff’s public documents filed on SEDAR. Although Rockcliff has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in the forward-looking information, there may be other factors that cause actions, events, or results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information will prove to be accurate. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding Rockcliff’s plans, objectives, and goals and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Rockcliff does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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.
Ken Lapierre, P.Geo
President & CEO
cell (647) 678-3879