Rockcliff Drilling Expands T-1 Copper Deposit at Tower
August 28 2012 - 8:00AM
PR Newswire (Canada)
Trading Symbol RCR: TSXV TORONTO, Aug. 28, 2012 /CNW/ - Rockcliff
Resources Inc. ("Rockcliff") is pleased to announce that deep
drilling on the T-1 Copper Deposit has successfully expanded the
known dimensions of the deposit. The steep northerly plunging
deposit has now been intersected across a +700m strike length and
to a depth of between 100m vertical to now over 600m vertical. The
T-1 Copper Deposit, hosting high grade copper with secondary zinc,
gold and silver, is situated within 500m of a major highway and
power line and is located in central Manitoba. Highlights of
the recently completed drill program are tabulated below.
Previously reported drill results (holes 1-24) can be viewed on the
Company website at www.rockcliffresources.com.
__________________________________________________________________________
|Borehole*|From |To |Length|Copper|Gold |Zinc|Silver|Grid | | |(m)
|(m) |*(m) |% |g/t |% |g/t |N/E/Azimuth/Dip* |
|_________|_____|_____|______|______|______|____|______|___________________|
|TP12-25 |161.0|165.0|4.0 |2.4 |0.7 |0.3 |18.2
|4+50N/3+80E/280/-60|
|_________|_____|_____|______|______|______|____|______|___________________|
|includes |162.0|164.0|2.0 |3.3 |0.8 |0.4 |24.6 | |
|_________|_____|_____|______|______|______|____|______|___________________|
| |490.8|494.8|4.0 |1.7 |0.2 |1.1 |6.9 | |
|_________|_____|_____|______|______|______|____|______|___________________|
|includes |493.0|494.0|1.0 |2.1 |0.2 |1.6 |7.8 | |
|_________|_____|_____|______|______|______|____|______|___________________|
|TP12-27 |440.0|443.0|3.0 |1.9 |0.2 |0.3 |6.8 |4+50N/3+80E/280/-56|
|_________|_____|_____|______|______|______|____|______|___________________|
|includes |440.0|442.0|2.0 |2.7 |0.3 |0.4 |10.4 | |
|_________|_____|_____|______|______|______|____|______|___________________|
|TP12-28 |507.3|510.6|3.3 |2.2 |0.1 |1.2 |9.3 |3+75N/3+90E/280/-55|
|_________|_____|_____|______|______|______|____|______|___________________|
|includes |507.3|509.1|1.8 |2.9 |0.2 |2.0 |17.8 | |
|_________|_____|_____|______|______|______|____|______|___________________|
|TP12-29 |548.1|550.5|2.4 |1.7 |0.3 |1.6 |7.7 |2+00N/3+95E/280/-54|
|_________|_____|_____|______|______|______|____|______|___________________|
|includes |548.1|549.8|1.7 |2.3 |0.5 |2.2 |10.6 | |
|_________|_____|_____|______|______|______|____|______|___________________|
|TP12-30 |693.3|696.8|3.5 |1.1 |0.1 |1.9 |5.5 |2+00N/3+95E/280/-65|
|_________|_____|_____|______|______|______|____|______|___________________|
|includes |693.3|694.8|1.5 |1.4 |0.1 |2.2 |5.6 | |
|_________|_____|_____|______|______|______|____|______|___________________|
|TP12-32 |566.0|568.5|2.5 |1.9 |0.2 |1.0 |7.8 |2+20N/4+00E/280/-58|
|_________|_____|_____|______|______|______|____|______|___________________|
|includes |566.0|567.5|1.5 |2.9 |0.2 |1.7 |11.8 | |
|_________|_____|_____|______|______|______|____|______|___________________|
|TP12-33 |412.7|415 |2.3 |0.5 |0.1 |0.1 |2.4 |1+00S/1+55E/280/-62|
|_________|_____|_____|______|______|______|____|______|___________________|
|includes |412.7|413.7|1.0 |1.1 |0.2 |0.1 |4.0 | |
|_________|_____|_____|______|______|______|____|______|___________________|
(*TP12-25 intersection 161m-165m (T-2 Copper Zone) previously
announced in release dated May 23, 2012. TP12-026 ) (drilled north
under deposit plunge line at 650m vertical. TP12-031 was
abandoned due to the hole caving. Lengths ) (reported above
are drill intersected core lengths and do not represent true
widths.) Ken Lapierre, President and CEO of Rockcliff commented,
"The continued size expansion of the T-1 Copper Deposit and the
recent discovery of the nearby T-2 Copper Zone highlight the
significant copper potential of this property. The
property also hosts a major all season highway, a power line and
numerous nearby untested geophysical targets. We remain
confident in advancing this property and in making additional
copper discoveries at Tower". For additional maps of the Tower
Property including the T-1 Copper Deposit, T-2 Copper Zone and
additional anomalies please refer to the Company website at:
www.rockcliffresources.com. A total of 12 holes totalling 7145m
were completed between January and July of 2012. Three(3)
holes tested the T-3 anomaly and intersected minor iron rich
sulphides which did not adequately explain the source of the T-3
anomaly. Down hole geophysics of these holes indicated the
T-3 anomaly depth to be beyond the depth of the existing holes
(greater then 700m) and that deeper drilling would be required to
properly test this target. The remaining nine (9) holes expanded
the T-1 Copper Deposit and discovered the T-2 Copper Zone (please
see press release dated May 23, 2012). Pursuant to an exploration
and option agreement with Pure Nickel Inc., to earn a 70% interest
in the property, Rockcliff must pay $150,000 in incremental
payments and is required to incur aggregate exploration
expenditures totalling $4,000,000. Rockcliff has recently exercised
the option to earn its 50% interest by spending $2,000,000 on
exploration expenditures and paying $90,000 to Pure Nickel Inc.
over the last two years. Both parties will now form a joint
venture and Rockcliff will earn an additional 20% in the property
by spending an additional $2,000,000 in exploration expenditures
and paying a total of $60,000 over the next 2 years. Once
completed, Rockcliff will control a 70% interest in the
property. An underlying 2% NSR on the property is held
by Xstrata Nickel, of which half can be purchased for $1,000,000.
Samples of half core are packaged and shipped directly from
Rockcliff's field office to TSL Laboratories (TSL), Saskatoon,
Saskatchewan. TSL is a Canadian assay laboratory and is
accredited under ISO/IEC 17025. Each bagged core sample
is dried, crushed to 70% passing 10 mesh and a 250g pulp is
pulverized to 95% passing 150 mesh for assaying. A 0.5g cut
is taken from each pulp for base metal analyses and leached in a
multi acid (total) digestion and then analyzed for copper, lead,
zinc and silver by atomic absorption. Gold concentrations are
determined by fire assay using a 30g charge followed by an atomic
absorption finish. Samples greater than upper detection limit
(3000 ppb) are reanalyzed using fire assay gravimetric using a
1 AT charge. Rockcliff inserted certified blanks
and standards in the sample stream to ensure lab integrity. The
information in this news release has been reviewed and approved by
Ken Lapierre P.Geo., President and CEO of Rockcliff Resources Inc.,
a Qualified Person in accordance with Canadian regulatory
requirements as set out in NI 43-101. For more information please
visit our website at www.rockcliffresources.com Rockcliff Resources
Inc. Rockcliff Resources Inc. is a Canadian resource exploration
company focused on discovery and advancement of its high-quality
mineral properties at its Snow Lake Project. Rockcliff presently
controls the Snow Lake Project totalling in excess of 500
km(2). The project includes one VMS copper rich NI43-101
Indicated Resource (Rail), one former copper rich VMS mine
(Dickstone), one historic VMS copper deposit (Lon) and the T-1
Copper Deposit (Tower). Rockcliff also controls a zinc-silver
rich NI43-101 Indicated Resource (Shihan) and a portfolio of
precious metal properties including one former gold mine (Century
Mine) and one surface gold deposit (C-Zone) in Manitoba and the
Black Gold Property in 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. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release ROCKCLIFF RESOURCES
INC. CONTACT: Rockcliff Resources Inc.Ken Lapierre P.Geo.President
& CEOklapierre@rockcliffresources.com(416) 863-9800 or (647)
678-3879
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