Rockcliff Metals Now Largest Landholder in Snow Lake, Manitoba
TSX VENTURE: RCLF
Toronto, Ontario (FSCwire) - Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) today announced that it has acquired through map staking a 100% interest in 2 separate land packages and now controls approximately 169,000 hectares making it the largest landholder in the Snow Lake portion of the world-class Flin Flon – Snow Lake greenstone belt (“Belt”).
Rockcliff’s President & CEO Ken Lapierre stated: “The Belt has been home to over 30 base metal mines and 8 gold mines. Having worked there for over 13 years, we felt the time was right to acquire key land positions in an evolving new mining camp south-southeast of Snow Lake. We acquired the VMS #1 Property and the VMS #2 Property for their potential to host significant new high-grade mineral discoveries. With land covering 80 km of collective strike length, we are now in a position of beginning the compilation of all available data and are planning to complete an airborne geophysical survey with the ultimate goal of identifying drill targets. We will also continue to look at strategic opportunities to monetize Rockcliff’s extensive base metal and gold assets and advance our portfolio of high-grade properties in the camp.”
Please review the image on the following page which highlights the strategic location of the VMS #1 Property and the VMS #2 Property.
About the newly acquired VMS #1 Property and VMS #2 Property
The VMS #1 Property and the VMS #2 Property (the “Properties”) host a total of 8 Mineral Exploration Licenses (MEL) totalling over 115,452 hectares and are located in what is termed the Snow Lake South Emerging Mining Camp. The Properties strategically cover an underexplored area hosting the southeast extension of the world-class and prolific Belt. A minimum of 7 known base metal deposits from 250,000 tonnes up to 6.0 million tonnes in size are located along strike of both Properties and host the same juvenile arc rocks associated with all of the VMS mines and deposits in the Belt. The Properties are covered by a thin veneer of limestone progressing from nothing up to 100 metres thick in a southward progression. This cover impeeded historic exploration efforts but advances have present geophysical surveys allow a “windowing effect” through the limestone cover so metal bearing targets can be identified.
Rockcliff now controls 100% of the Properties with no outstanding royalties and has unfettered access to explore and discover mineralization within the property limits. Yearly escalating expenditures must be completed and submitted to the Government to maintain the property in good standing. The first year’s exploration commitment is $144,315 to maintain the MEL claims. A winter airborne geophysical program is planned on the Properties in 2019 to define drill targets that warrant follow-up.
Figure 1: Rockcliff’s VMS #1 Property and VMS #2 Property
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.
About Rockcliff Metals Corporation
The Company is a well-funded Canadian resource exploration company focused on exploration and the potential to generate cash flow from future royalty payments on its base and precious metal assets located in Snow Lake, Manitoba, Canada. Rockcliff’s extensive portfolio of properties, totalling approximately 169,000 hectares, is located in and around the 100-year-old Snow Lake mining camp and hosts the VMS #1 Property, the VMS #2 Property, NI 43-101 compliant resources at the Talbot Copper deposit and the Rail Copper deposit and historical zinc and zinc-copper deposits (the Lon Zinc-Copper deposit, the Bur Zinc-Copper deposit, the Morgan Zinc deposit and the down-dip continuation of the Pen Zinc deposit). The Company’s properties also include Manitoba’s first lode-gold producer (Laguna Gold Property optioned to Kinross), four additional gold-rich properties (the Lucky Jack Gold Property optioned to Kinross, the SLG Gold Property, the DSN Gold Property and the Berry Creek Gold Property), a Net Smelter Royalty on the Tower Property slated for production in 2020 (the Tower Copper deposit) and the MacBride Zinc deposit (optioned to Nevada Zinc) located near Leaf Rapids, Manitoba. For more information, please visit http://rockcliffmetals.com/.
For further information, please contact:
|Rockcliff Metals Corporation||CHF Capital Markets|
|Ken Lapierre, P. Geo||Cathy Hume, CEO|
|President & CEO||Off: (416) 868-1079 ext. 231|
|Off: (416) 644-1752|
Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking. Although Rockcliff believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.
Neither the 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 news release.