In March of 2007, Rockcliff began its acquisition process and
eventually acquired a significant, "district size" land package
in the Snow Lake area. Our Snow Lake Project now covers over
550 square kilometres of favorable, prospective geology to
host VMS and Gold deposits located within the Flin Flon Greenstone
Belt, Manitoba. The belt is one of the most prolific and the
largest Proterozoic VMS district in the world. We completed
property deals with HudBay Minerals, prospecting syndicates and staked crown lands.
Our project presently hosts five historical (non NI 43-101
compliant) VMS deposits rich in copper, zinc, gold and silver
and one former producing gold mine (acquired in November 2009).
VMS/Gold Exploration Presentation
Table 1: Rockcliff's Five Historic VMS Deposits and Former Gold Producer (non NI 43-101 compliant)
| Deposit |
Tonnes |
Copper% |
Zinc% |
Silver (g/t) |
Gold (g/t) |
Comments |
| 1. Lon |
250,000 |
3.20 |
5.20 |
18.80 |
0.34 |
100% owned |
| 2. Kof |
257,000 |
2.03 |
|
|
|
earning 100% interest |
| 3. Rail |
359,000 |
3.54 |
0.90 |
8.22 |
0.48 |
earning 100% interest |
| 4. Sylvia |
1,197,477 |
2.08 |
1.60 |
19.20 |
0.62 |
earning 100% interest |
| 5. Reed |
1,239,000 |
2.30 |
0.20 |
3.22 |
0.13 |
earning 100% interest |
| 6.
Century |
272,000 |
|
|
|
12.00 |
100% owned |
In November 2007, Rockcliff completed an
independent NI 43-101 Technical Report on the Snow Lake Project. It concluded that
all
deposits have excellent potential to expand beyond their
historical resources and that all of the deposits are open along
strike and at depth. Furthermore, the report concluded that
excellent potential to discover additional VMS-type targets
exists throughout the project area.
Also, VMS and gold potential occurs on the properties
within the project area located in very close proximity to HudBay Minerals recently discovered Lalor Lake VMS Deposit. It
is a world class deposit estimated to contain 20 million tonnes
of high grade zinc, copper and precious metals. Rockcliff has
acquired by staking two 100% owned properties (Squall and Tramping Lake)
which are located within 6 km north and south of the deposit.
Both properties host underexplored juvenile arc rocks and remain
excellent properties with potential for VMS and gold discoveries. In
September 2009, HudBay announced a significant copper-gold
discovery at Lalor grading 5.3% copper and 13.3 g/t gold across
34.5m. To date, Rockcliff has completed
numerous exploration
programs at the Snow Lake Project including:
-
13,720 line km of high resolution
airborne magnetic and VTEM surveys
-
2,619 line km of helicopter-borne ZTEM
survey
-
Surface, deep penetrating geophysical
pulse EM surveys over two (Rail, Reed) VMS deposits
-
Drilled 17,783m (58,417 ft) in 72 holes
Please refer to
VMS/Gold Exploration Presentation.
|
