Mar 1 2017
Rockcliff Copper Corporation ("Rockcliff" or the "Company") (TSX VENTURE:RCU)(FRANKFURT:RO0)(WKN:A142TR) is pleased to announce it has acquired by staking the Penex zinc property (the "Property"), Snow Lake, Manitoba. The Property is strategically located approximately 4.5 kilometres southwest of Hudbay Minerals Inc.'s ("Hudbay") high-grade Volcanogenic Massive Sulphide Lalor mine and less than 200 metres from Hudbay's historic high grade Pen zinc deposit. The Property hosts the down dip continuation of the high grade Pen zinc deposit and now becomes part of the Company's Snow Lake Project, one of the highest grade base and precious metals property portfolios in North America. The Snow Lake Project is located in the Snow Lake mining camp located within the prolific Flin Flon-Snow Lake greenstone belt hosting high-grade precious and base metal deposits and mines.
Ken Lapierre, President and CEO of Rockcliff commented, "Staking of the Penex zinc property containing the down dip continuation of the high grade Pen zinc deposit was very strategic and timely. It underpins our commitment to acquire properties either by staking or acquisition that have significant metal potential within trucking distance to milling facilities in this world class base and precious metals camp. We feel confident that our 100% owned Penex zinc property will become a very strategic asset for Rockcliff."
Hudbay's high grade Pen zinc deposit hosts multiple zinc-rich lenses, strikes northeast-southwest and dips/plunges northwest. The deposit is located less than 200 metres on surface from the Property's northern boundary. All lenses of the Pen zinc deposit dip towards the Property's northern boundary and at least one of the zinc-rich lenses dips and plunges onto the Property at a vertical depth of between 300-350 metres. The deepest historical drill hole (CPen-03) on the Property intersected the deposit at approximately 475 metres vertical. The hole assayed 6.7% zinc equivalent across 2.6 metres within a much thicker zinc envelope of 7.6 metres grading 4.0% zinc equivalent. Bore hole geophysics completed in drill hole CPen-03 confirmed that the deposit's conductivity continued downward within the Company's Property and was strengthening at depth below the hole in an area completely untested by drilling.
Rockcliff's fully permitted surface geophysical Deep Penetrating ElectroMagnetic (DPEM) survey has commenced on the Property. The DPEM survey will assist in determining the extent and depth potential of the conductivity related to the Pen zinc deposit on the Company's Property and will provide a framework for a diamond drilling program planned in 2017.
The following Pen zinc deposit longitudinal outlines the depth potential of the Pen zinc deposit above and below drill hole CPen-03. Borehole geophysics confirmed that the conductivity of the deposit was strengthening at depth below the hole.
To view the image, click on the following link: http://media3.marketwire.com/docs/7158a.jpg
Talbot Property Update:
Rockcliff continues its Phase 2 diamond drill program on the Talbot property. Three holes will test geophysical conductive plates below the north copper zone located 2.5 kilometres from the Talbot deposit and the north lens deep conductive plate located immediately below the Talbot deposit's north lens. The north lens deep conductive plate measures 300 metres by 600 metres and drilling will attempt to determine the economic significance of this plate.
The image below identifies the location of the north lens deep conductive plate to be drilled located below the Talbot deposit north lens and additional plates located in close proximity to the high grade gold-rich Talbot copper deposit.
To view the image, click on the following link: http://media3.marketwire.com/docs/7158b.jpg
Pursuant to an option agreement Rockcliff can earn a 51% interest in the Talbot property from Hudbay. Please refer to the news release dated October 11, 2016 for specific terms of the option agreement.
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
Please visit our website at www.rockcliffcoppercorp.com for additional information about the Company.
Please visit Rockcliff at the PDAC in the Investors Exchange at Booth #2816, between the dates of Sunday March 5 to Wednesday March 8, 2017 at the Toronto Convention Centre-South Building.
Source: http://www.rockcliffcoppercorp.com/