White Cliff Minerals grows Rae copper potential with another 105m at 2.25pc
Assays from White Cliff Minerals’ maiden RC drilling at the Rae project in Canada have returned 105m at 2.25% copper with higher-grade intervals up to 3.93%.
White Cliff Minerals returns 105m at 2.25% copper at Rae project in Canada
Company to follow-up with RC drilling and diamond drilling at Danvers and other prospects
An updated JORC resource to 2012 standards is also in the works
Special Report: Assays from White Cliff Minerals’ maiden RC drilling at the Rae project in Canada have returned 105m at 2.25% copper with higher-grade intervals up to 3.93%.
The latest results follow a string of positive developments for the company, including a strongly supported $14.4 million capital raise, cornerstoned by WCN’s strategic advisor John Hancock and his private family office Astrotricha Capital SEZC.
Drilling has now outlined a shallow, high-grade zone of copper and silver mineralisation along a 150m strike, with a best result in Hole DAN25007 of 105m at 2.25% Cu and 6.97g/t Ag from 27.43m.
This included 18m at 3.17% Cu and 6.27g/t Ag from 35.05m; and 35m at 3.93% Cu and 13.35g/t Ag from 60.96m.
Notably, drilling at depth has extended the vertical depth to more than 175m, with the Danvers prospect remaining open in all directions including at depth, where the last metre of Hole 008 assayed 4.46% copper at the end of the 183m hole.
White Cliff Minerals (ASX:WCN) said the stage was now set for a multi-rig drill extended drill season as activities ramped up on site.
“The final assay from drill hole 7, marks the completion of a safe and hugely successful maiden drilling campaign at the Rae project,” managing director Troy Whittaker said.
“Every hole returned exceptional results confirming that the Rae project represents one of the most prospective copper projects globally."
Watch: White Cliff building red metal momentum
Expanding on a regional scale
The company will now follow up step-out drilling at Danvers with the aim of extending the 150m long strike envelope across a regional scale.
Diamond drilling will also commence at the Hulk deposit in the coming weeks.
“This next phase of drilling will see a two-pronged approach with both reverse circulation and diamond drilling operating in parallel,” Whittaker said.
“Hulk will be the first of several projects to be tested across the broader project area. The high priority prospects of Vision, Rocket and Thor are all expected to be drilled during this program.
“With the flow through capital raising at a significant premium to market, new sophisticated financial institutions joining the register and several months of drilling in front of us it will be very interesting to see where stakeholders are this time next year.
“We look forward to results from one of the biggest drilling programs this part of Canada has seen in many decades and updating you accordingly.”
Desktop work will also start on updating the historical non JORC resource at Danvers to 2012 format.
This article was developed in collaboration with White Cliff Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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