White Cliff Minerals (ASX:WCN) Announces Assay Results
Exploration Results
White Cliff Minerals Limited (ASX:WCN) has announced additional assay results from its reverse circulation drilling campaign at the Rae Copper Project in Nunavut, Canada. The latest assays from Danvers confirm a shallow, high-grade copper system that remains open at depth and along strike.
Significant Findings
Highlights from DAN25002 include 63m @ 2.23% Cu & 7.1g/t Ag from 9.14m, featuring a high-grade intercept of 15m @ 5% Cu & 16.9g/t Ag from 18.29m. DAN25004 returned two significant copper intervals: 38m @ 1% Cu & 1.89g/t Ag from 7.62m and 72m @ 1.08% Cu & 4.22g/t Ag from 62.48m, including a high-grade intercept of 14m @ 2.32% Cu from 106.68m. Pre-collar drilling at Hulk is complete, setting the stage for an upcoming diamond drilling campaign.
Future Drilling and Surveys
The Company is advancing discussions with its contracting partners to undertake targeted airborne geophysical surveys at Danvers across the 9.1km target fault zone. Additionally, a proven downhole electromagnetic survey will be utilised across the broader Rae project to support and target future campaigns. Further assays are pending release from the laboratory.
Executive Comments
Managing Director Troy Whittaker stated, “Assays from Rae continue to exceed expectations: 175m @ 2.5% Cu, 58m @ 3.08% Cu, 52m @ 1.16% Cu and now further significant intercepts of 63m @ 2.23% Cu and 72m @ 1.08%. These high-grade intercepts from surface are rare in the exploration world as explorers in recent times have had to go deeper and deeper to identify additional copper resources. Being the first mover into this highly prospective location, after more than a decade of inactivity due to political constraints – securing the licences organically and now having undertaken our first drill program, positions us well both for future work programmes and facilitate further discoveries. We are not surprised by the increased attention into the broader region by many players. Infrastructure enhancements at Yellowknife and increased activity along the north-west passage provide far easier access than in previous decades when the last serious exploration was undertaken. More recently we have seen increased state and federal conversations around road and port infrastructure development in this area to support regional development. Logistics that will positively impact the Rae Project. Given the project area is less than 80km by road to the deep-water port of Kugluktuk, these results will surely focus the spotlight on the development opportunities and benefits to the local and regional stakeholders. The Rae Project area has the potential to help meet the global production void through proper systematic assessment of this underexplored copper landholding and we continue to look forward to updating shareholders with the next round of results as they come to hand over the coming weeks.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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