Rockcliff Files Encouraging Updated Rail Deposit Mineral Resource Estimate
Sudbury-based Rockcliff Metals Corporation has released more encouraging data in its latest NI-43-101 filing on its Flin Flon, Manitoba properties. The Rail Property is part of the Company's Manitoba property portfolio and is located within the prolific Flin Flon-Snow Lake Greenstone Belt.
"This increase in tonnage, pounds of copper and resource confidence on the Rail Deposit is a truly exciting result and will be an important part of our Preliminary Economic Assessment that is currently underway," said President Alistair Ross.
Highlights of the Differences in the Technical Report Compared to the Previous Mineral Resource Estimate Include:
- Indicated Mineral Resource tonnes increased by 42% (1.17Mt vs. 0.82Mt);
- Indicated contained copper increased by 27% (70.2M lbs vs. 55.1M lbs);
- Inferred Mineral Resource tonnes of 0.73Mt @ 4.09% CuEq containing 50.0M lbs of copper;
- Indicated contained gold increased by 72% (30.0k oz vs. 17.4k oz);
- Indicated contained zinc increased by 34% (22.0M lbs vs. 16.3M lbs); and
Indicated contained silver increased by 37% (334.3k oz vs. 243.3k oz.
Alistair Ross, President and CEO commented, "The reason for targeting the Rail deposit in our overall drill strategy was to identify a third possible mine alternative in addition to the Tower and Talbot deposits. Our drilling increased the indicated tonnes by nearly 40% and added 70Mlbs of copper. Additionally, we added in the inferred category 730kt and 50M pounds of copper. With the deposit still open along strike to the south and at depth we look forward to exploring the potential for further growth of the existing Rail deposit in 2020."
The Technical Report is available for download on the Company's SEDAR issuer profile at www.SEDAR.com and the Company's website at http://rockcliffmetals.com.
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