Rockcliff to Drill Jackfish Nickel Property at Snow Lake Project
Thu Jan 8, 8:30 AM
ca.news.finance.yahoo.com
Trading Symbol RCR: TSX-V
SUDBURY, ON, Jan. 8 /CNW/ - Rockcliff Resources Inc. (RCR: Tier 1 TSX-V) is pleased to announce that drilling will commence shortly on the Jackfish Nickel Property at its Snow Lake Project located in central Manitoba. A 3,000 m drill program is planned on the project which will initially focus at Jackfish where prospective, near surface, historical nickel-copper targets correspond with airborne VTEM anomalies outlined in RCR's recently flown airborne VTEM survey. The drill targets occur along the margin of the Jackfish Layered Gabbro Intrusion. The intrusion is interpreted as a classic host for near surface nickel-copper-platinum group metal (PGM) mineralization. Drilling is planned to commence in January.
Rockcliff's drilling will focus on several high priority VTEM anomaly trends located along the margin of the intrusion with strike lengths ranging from 150 m to 350 m. Limited historical drilling, coincident with the anomalies, intersected near surface, multiple, stacked zones of nickel-copper mineralization. No PGM assay results were ever reported.
Significant near surface (above 30 m), historical, nickel-copper results of drill intersected core lengths along the margin of the intrusion include:
- 7.7 meters grading 1.39% nickel and 0.84% copper including
2.7 meters grading 2.22% nickel and 1.25% copper;
- 2.5 meters grading 1.84% nickel and 1.58% copper including
1.4 meters grading 2.82% nickel and 2.53% copper; and
- 2.1 meters grading 2.73% nickel and 0.50% copper.
Ken Lapierre, President and CEO of Rockcliff commented, "Limited work completed in the 1950s and our recent exploration confirms that potential for a near surface, nickel-copper-PGM discovery at Jackfish is considered excellent. Our initial drill holes will focus only on areas that have the greatest potential for success".
To earn a 100% interest in the property, Rockcliff must pay $100,000 and issue 100,000 shares in escalating, incremental payments over a four year period to W. Bruce Dunlop Limited. In addition, Rockcliff will be required to incur aggregate, escalating, exploration expenditures totalling $350,000 over a four year period. Please refer to the Press Release dated September 6, 2007 for further details.
QA-QC STATEMENT
Peter Wood, P.Eng., P.Geo., VP Exploration of Rockcliff, a Qualified Person under the definition of National Instrument 43-101, is responsible for the technical information in this press release and is responsible for verification and quality assurance of Rockcliff's exploration data and analytical results.
Rockcliff Resources Inc.
Rockcliff Resources Inc. is a Canadian resource exploration company focused on the Snow Lake VMS Project located in central Manitoba. The project totals in excess of 1,400 km(2) and is located within the prolific Flin Flon greenstone belt. The project presently includes five historical VMS deposits (Lon, Rail, Reed, Kof, Sylvia) and numerous additional areas with potential for VMS and nickel-copper-PGM mineralization. Rockcliff also controls the Shihan VMS Project located in Northern Ontario.
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Rockcliff undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Contacts
please visit our website at www.rockcliffresources.com or contact Ken Lapierre
P.Geo.
President and CEO of Rockcliff Resources Inc. at (705) 688-9800 or at therock@rockcliffresources.com |
