Rockcliff Purchases Lucky Jack Gold Property, Manitoba

ID: 1529657
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(businesspress24) - Rockcliff Purchases Lucky Jack Gold Property, Manitoba

Toronto, ON - November 28, 2017 - Rockcliff Metals Corporation (Rockcliff or the Company) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce that the Company, through its 100% owned subsidiary, Goldpath Resources Corp., has purchased a 100% interest in the Lucky Jack Gold Property, located in the historic Wekusko-Herb Lake gold camp in Snow Lake, Manitoba. The Lucky Jack Gold Property totals 15 mining claims covering 2,557 hectares and is located immediately south of the Companys Laguna Gold Property which hosts the former producing Laguna Gold Mine, Manitobas first and highest-grade gold mine. The Lucky Jack Gold Property becomes part of the Companys Manitoba property portfolio, one of the highest-grade base and precious metals property portfolios in North America. The Companys property portfolio is in the Snow Lake mining camp located within the prolific Flin Flon-Snow Lake greenstone belt hosting high-grade precious and base metal deposits and mines.

Ken Lapierre President & CEO stated While we remain focused on advancing our high grade Volcanogenic Massive Sulphide deposits and are presently drilling the high-grade Bur Zinc Deposit, the opportunity to grow our gold portfolio adjacent to the high-grade Laguna Gold Property was opportunistic and now strengthens our growing gold assets in the camp. The Lucky Jack Gold Property has superior gold potential within the historic Wekusko-Herb Lake gold camp, excellent infrastructure and complements our existing gold assets. We look forward to exploring and advancing our geological understanding and gold potential at the Lucky Jack Gold Property next year.

Please refer to Figure 1 on the following page for Lucky Jack Gold property highlights.

Lucky Jack Gold Property Highlights

At the Lucky Jack Gold Property, gold mineralization is hosted in foliated and fractured zones and sulphide bearing quartz veins and stringers located near the contact of granite, granodiorite and pegmatite rocks with the surrounding volcanic, intrusive and sedimentary rocks. Geophysical evidence suggests that gold mineralization is associated along the contacts of multi-kilometre long magnetometer anomalies and that at least 6 magnetometer anomalies have been identified within the Lucky Jack Gold Property.

Limited historical work has been completed at the Lucky Jack Property. A main shaft was sunk in 1924 on a quartz vein system 1,000 metres long and up 15 to 25 metres wide, as documented by the Mineral Inventory of Manitoba (J.D. Bamburak-1980). A total of 21 grab samples from the main shaft area were reported to have averaged 66.0 grams per tonne(g/t) gold. In 1982, channel samples completed by Cangold Ltd. near the main shaft assayed from 11.0 gpt across 0.4 metres to 44.2 g/t gold across 1.4 metres and gold values were recorded over a strike length of 130 metres. In 1988, drilling completed by Granges Exploration Ltd. around the main shaft area intersected significant gold assays including in Hole # BAR-3 of 8.9 g/t across 1.0 metres, 15.9 g/t across 1.0 metres, 19.6 g/t across 0.5 metres and 32.5 g/t across 0.5 metres above 75 metres vertical. In 1985, one drill hole (KUS169) completed by Hudbay Minerals Inc. on a separate gold-rich system 1.7 kilometres west of the main shaft intersected gold values above 75 metres vertical of 5.6 g/t across 0.3 metres, 11.5 g/t across 0.46 metres and 58.5 g/t across 0.40 metres. A third area of gold potential 5.5 kilometres northwest of the main shaft intersected a gossan-rich zone 5 to 10 metres wide with samples up to 20.6 g/t gold.
Figure 1: Total Magnetic Field Intensity Map over the Lucky Jack Property. 28 2017 Lucky Jack Gold Property Purchase final_PRCOM.001.jpeg

Rockcliff purchased 100% of the Lucky Jack Gold property for $77,250 and a 2% net smelter royalty (NSR) on seven of the fifteen claims. Half of the NSR can be purchased at any time for $500,000 per 0.5% NSR. Rockcliff has the right of first refusal on the remaining NSR on the property.

Ken Lapierre P.Geo., President and CEO of Rockcliff, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.

About Rockcliff Metals Corporation

On November 1, 2017 Rockcliff Copper Corporation changed its name to Rockcliff Metals Corporation. The change of name better reflects the polymetallic nature of the Companys high-grade VMS properties that comprise copper, gold, zinc and silver.

Rockcliff is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of the highest grade, undeveloped metal deposits in the prolific Flin Flon - Snow Lake greenstone belt located in central Manitoba. The Companys current portfolio of projects, totalling in excess of 45,000 hectares, is located in and around the Snow Lake mining camp and hosts the highest grade undeveloped NI 43-101 compliant copper deposits (the gold-rich Talbot copper deposit and the Rail copper deposit), and the highest grade undeveloped historical zinc deposits (the Lon zinc deposit, the Bur zinc deposit, the Morgan zinc deposit and the down dip continuation of the Pen zinc deposit). The Companys projects also include Manitobas first and highest grade former lode gold producer (Laguna Gold Property), four additional gold-rich properties (Lucky Jack Gold Property, SLG Gold Property, Berry Creek Gold Property and DSN Gold Property), a Net Smelter Royalty on the Tower Copper Property (the T-1 copper deposit) and the optioned near surface high grade MacBride zinc deposit located north of Leaf Rapids, Manitoba.

For further information, please contact:
Rockcliff Metals Corporation-- --
Ken Lapierre, P.Geo---- -
President & CEO---- -
Cell: (647) 678-3879---- -
Off: (416) 644-1752

CHF Capital Markets
Cathy Hume, CEO
Off: (416) 868-1079 ext. 231

Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking. Although Rockcliff believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.

Neither the 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 news release.

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Date: 11/28/2017 - 04:11
Language: English
News-ID 1529657
Character count: 3324
Firma: Rockcliff Metals Corp.
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Stadt: Wien


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