White Cliff Minerals Limited (“the Company”) is delighted to announce first batch assay results from rock chip samples taken during the maiden field program at Great Bear Lake Project (“Great Bear” or “the Project”), northern Canada. Results confirm widespread high-grade precious and base metal mineralisation associated with multiple IOCG and epithermal systems.
Heli supported sampling programme designed initially to focus on priority areas surrounding existing airstrip infrastructure – First results received to date are for PhoenixWidespread, high-grade, Copper, Gold and Silver mineralisation confirmed. Phoenix is a district scale mineralised region, one of six (6) major project areas that were sampled within the Great Bear Lake Project, Northwest Territories, CanadaInitial assays confirm historical results as well as significantly expand areas of known IOCG and epithermal mineralisationMineralisation now identified along more than a 3.4km E/W structural corridor with extensive IOCG and phyllic characteristics identified along the entire lengthBetter results from Phoenix include:A 1.1km intensely mineralised E/W structure returned impressive Copper, Gold, Silver and Cobalt results include:42.60% Cu, 2.28g/t Au, 159g/t Ag, 0.36% Co (F005437)39.50% Cu, 3.54g/t Au, 181g/t Ag, 0.23% Co (F005436)39.50% Cu, 2.28g/t Au, 131g/t Ag, 0.20% Co (F005435)3.08% Cu, 7.96g/t Au, 310g/t Ag, 0.16% Co (F005434)5.70% Cu, 1.87g/t Au, 96.7g/t Ag (F005438)A broad outcropping 785 x 460m epithermal alteration zone returned:6.31% Cu, 28.2 g/t Ag, 0.468 g/t Au, 440 ppm Co (F005688)3.00% Cu, 249 g/t Ag, 0.717 g/t Au, 888 ppm Co (F005646)3.64% Cu, 4.73 g/t Ag, 0.047 g/t Au (F005632)2.78% Cu, 25.7 g/t Ag, 0.358 g/t Au (F005633)1.76% Cu, 1.29 g/t Au, 10.1 g/t Ag (F005694)An additional nearby 215m N/S outcropping sulphide rich quartz vein returned high grade gold, silver and copper with best results of 38.2g/t Au, 76.5g/t Ag, 4.16% Cu (F005424) and 29.7g/t Au, 121g/t Ag, 2.55% Cu (F005426)Further rock chip assays are expected from the other 6 initial project areas sampled at Great Bear expected over the coming weeks following QA/QC review and interpretation
“This initial batch of rock chip assays from Phoenix, the first project area to be sampled due to the proximity to the existing large airstrip at Great bear, has delivered outstanding initial results. Not only have we confirmed the historical results and sample locations, but we have expanded the area of known mineralisation at the project. This first success gives us great optimism regarding the other 4 project areas at Great Bear.
This remote and previously underexplored area has turned out to be a much larger metal rich hydrothermal system than previously thought. Historically seen as a series of sporadic high-grade results, this maiden mapping and sampling programme has confirmed for the first time a continuity and significant lateral extent of the known mineralisation.
Encouragingly Phoenix which is only the first of 5 project areas we have received assay results for, shows all the necessary characteristics of a major high-grade discovery with two major IOCG hydrothermal systems less than 2km apart with high grade epithermal mineralisation interspersed between these two larger areas and along a total strike length of 3.4km.”
“We anticipate continued assays over the coming month from the balance of work undertaken at Great Bear and I look forward to the release of these as they come to hand.
Importantly, this first field programme validates our strategy to pivot to the untapped resources of Canada’s far north, in the “scramble for what’s left”. As resource nationalism creates and will continue to create uncertainty over future supply lines, operating in Canada allows us to sleep at night.
We are doing what we said we would do – identifying opportunities and delivering results for shareholders and these are fantastic initial results.”
Troy Whittaker – Managing Director
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