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Rockcliff Metals Corp (2)
Symbol RCLF
Shares Issued 307,335,855
Close 2020-01-13 C$ 0.07
Recent Sedar Documents

Rockcliff restarts drill program on Cu properties

2020-01-14 09:29 ET - News Release

Mr. Alistair Ross reports

ROCKCLIFF TO COMPLETE 70,000 METRE DRILL PROGRAM ON COPPER PROPERTIES IN 2020

Rockcliff Metals Corp.'s continuing, fully financed plus-100,000-metre drill program, which began in 2019, has now recommenced. A total of approximately 70,000 metres are expected to be drilled throughout 2020. A minimum of 10 drills are either at property sites or are in transition to various properties. This extensive drill program will continue to focus on enhancing the confidence of the company's advanced-stage deposits while drilling will also be initiated on other high-grade copper deposits that are within trucking distance to the company's fully functional leased mill and tailings complex.

Rockcliff's president and chief executive officer, Alistair Ross, commented: "All samples from our 2019 drill program have now been submitted for assay and will be released as soon as they are available. The 2020 program is important from two aspects. The primary focus will be to continue growing the confidence in our deposits at Rail and Tower, and progress the JV talks with Hudbay on Talbot. In addition, this year we will take the opportunity to begin some preliminary exploration on some promising projects at Copperman, Freebeth and Pen to begin to grow our pipeline beyond our primary three front runners referred to above."

2020 drill program

The 2020 drill program is designed as a multifocused program.

Advanced-stage drilling

Approximately 20,000 to 30,000 metres of drilling are planned to strengthen the confidence on the existing, 100 per cent owned Tower and Rail advanced-stage deposits. This drilling will be included in the new National Instrument 43-101 resource estimates planned to be completed in Q1 2020. Additional drilling outside of the known deposits is also anticipated where high-priority geophysical anomalies along strike of the deposits exist. Drilling at the Talbot deposit, at which the company recently completed all required work expenditures to earn a 51-per-cent interest (subject to Hudbay's review), is planned in 2020 once the joint venture agreement with Hudbay is finalized.

Exploration drilling

Approximately 30,000 to 40,000 metres of exploration drilling will focus on several properties, including the Bur, Copperman, Pen and Freebeth properties where known historical deposits and copper-bearing zones exist. The main purpose of this program is to advance the company's geological knowledge of each deposit, advance and grow the known mineralization, and to make copper discoveries. Of importance is the fact that all properties to be drill tested are within trucking distance to the company's fully functional leased mill and tailings facility.

About Rockcliff Metals Corp.

Rockcliff is a well-financed Canadian resource development and exploration company and near-term copper producer, with a fully functional plus-1,000-tonne-per-day leased processing and tailings facility as well as several advanced-stage, high-grade copper- and zinc-dominant VMS deposits in the Snow Lake area of Manitoba.

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