White Cliff Minerals Limited (“WCN” or the “Company”) (ASX: WCN; OTCQB: WCMLF) is pleased to announce the first assay results from the reverse circulation drilling campaign at the Company’s 100% owned Rae Copper Project in Nunavut, Canada.
HIGHLIGHTS
- First assay received from maiden drilling campaign at Rae contains high grade copper mineralisation
- Highlights from DAN25003:
- 58mtrs @ 3.08% Cu and 13.3g/t Ag from 52m, and
- Intercept including a high-grade intersection of 18m @ 5.21% Cu and 22.33g/t Ag from 69m.
- Assay results from the remainder of drilling and field sampling at Danvers are expected over the coming weeks.
- Pre collar drilling at the Hulk sediment-hosted copper target is well underway, with three (3) holes predrilled down to a depth of ~180mtrs, setting up a quick restart for diamond drilling to commence.
“The commencement of the reporting of drilling assays marks an important inflection point for the Company. All the hard work to date, which includes desktop review of historical showings, field sampling and aerial geophysics has ultimately led us to these results, which pleasingly, we couldn’t have kicked off more strongly.
The first holes at Danvers were all about orienteering and exploration to identify the mineralisation, so therefore, having the first assay produce an intersection of just shy of 60 meters at more than 3% is an outstanding way to kick off the results and reporting. Complementing our remarkable rock chip assays at surface, this assay now provides down hole proof of high-grade copper mineralisation in the system. Whilst incredibly impressive, it is our belief that these results set the scene for what’s to come, because as we saw, based on the field observations – post the early holes, the team on site really dialled in to the geology.
Additionally, progressing pre collar drilling for the upcoming diamond drill campaign at the massive Hulk sedimentary target will provide a significant advantage for our return to Rae with the diamond drills. Predrilling is underway across the Hulk deposit, with holes being drilled to the limit of the RC drilling rig to depths of between 180 and 200 meters, only about 50mtrs above the target horizon for the massive sedimentary hosted copper targets. Utilising this head start, the diamond drills, will quickly and efficiently be into the target horizon”
Troy Whittaker – Managing Director
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