The Reminder is making its archives back to 2003 available on our website. Please note that, due to technical limitations, archive articles are presented without the usual formatting.
Sudbury, Ont.-based Rockcliff Resources Inc. has signed an option agreement to acquire a 100 per cent interest in the Jackfish Nickel Property, located in the Snow Lake area, from W. Bruce Dunlop Limited. The property adjoins Rockcliff's recently staked ground covering the prospective near surface nickel-bearing zones within the Jackfish Lake Gabbro, according to the company. Additional areas on the property host near surface VMS zones containing copper and zinc mineralization, Rockcliff said. Rockcliff said its 2007-08 exploration plans will initially include identification and expansion of known zones of nickel-copper mineralization that occur along the margins of the Jackfish Lake Gabbro. The program will focus on airborne geophysics and diamond drilling. To earn a 100 per cent interest in the property, Rockcliff must pay $100,000 and issue 100,000 shares in escalating, incremental payments over a four-year period. In addition, Rockcliff will be required to incur aggregate, escalating, exploration expenditures totalling $350,000 over a four-year period. The property agreement is subject to regulatory approval. Rockcliff presently controls the Snow Lake VMS project, totalling in excess of 1,100 kilometres squared and located within the Flin Flon Greenstone Belt.
