Promising drill results have an exploration company commissioning an independent resource estimate of a Snow Lake area deposit.
Rockcliff Copper Corp. has hired a firm to complete a guideline-compliant resource estimate on the Talbot Deposit, part of Rockcliff’s Snow Lake Project.
The decision comes as Rockcliff announces a new copper-rich zone near Talbot, a new high-grade copper corridor within Talbot, and an extension of Talbot’s north lens.
The newly discovered copper-rich zone, termed the North Copper Zone, is 2.5 km north of Talbot, Rockcliff said.
“The North Copper Zone and nearby geophysical anomalies now represents the second known area on the property associated with significant copper-bearing mineralization,” the company said in a news release.
Exploration has also identified “a strongly conductive, high-grade copper corridor” within Talbot’s main lens, Rockcliff said.
Also identified was an extension of Talbot’s north lens that is “associated with a large conductive anomaly,” the Toronto-based company said.
In light of the results, identified in Rockcliff’s 2015 fall drill program, the company has commissioned the firm of Roscoe Postle and Associates to complete a guideline-compliant resource estimate on Talbot.
Rockcliff is also planning a 7,500-metre drill program at the Snow Lake Project in 2016 that will include drilling at the Talbot and Rail properties.
Under an agreement between the two companies, Rockcliff can earn a 51 per cent interest in Talbot from Hudbay’s exploration arm, HBED, by spending $6.12 million on exploration over six years.
Hudbay has the option of acquiring up to 65 per cent of the property, provided certain criteria are met.
(Note: Neither the TSX Venture Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of information supplied by Rockcliff.)
