
July 07, 2024
Landholding includes numerous highly prospective copper, silver and gold targets
White Cliff Minerals Limited (“WCN” or the “Company”) is pleased to announce newly expanded licences covering adjacent high grade Nunavut copper, silver and gold (“Cu-Ag-Au” or the Project”) targets. These new areas have only recently been opened to application. These new targets enhance the overall strategic landholding the Company owns and now completes the original staking strategy.
Highlights
- Secured up to an additional 63 square km’s of highly prospective licenses covering newly available ground at the Nunavut Cu-Ag-Au project area
- These new granted licences cover several significant areas of anomalous Cu-Ag-Au:
- The Halo project, a highly prospective outcropping occurrence of Cu-Ag-Au. Previous drilling at Halo includes up to 4.7m @ 10.47% Cu, with mineralisation that remains open in all directions. This new area connects to the southern extension of the HALO system and compliments existing WCN tenure
- The Pat prospect1 includes numerous >40% Cu (above detection limit) rock chip samples across multiple veins
- Given the new ground is adjacent to existing granted licences these new areas will fit seamlessly into the Company’s upcoming exploration activities due to commence in Nunavut during the coming weeks
- WCN also has in application, and subject to regulatory approval, tenure that covers several other new targets, that it is hopeful of receiving these in due course:
- Lloyd: a quartz-chalcocite vein that was returned assay results of up to 2% Cu over ~3,600ft with a cross section of between 8 and 20 feet wide2,
- Larry: 1952 channel samples returned up to 8.03% Cu over 13.6ft 3, and
- Jack: Rock chip samples up to 45.4% Cu and 60g/t Ag from surface4.
“The Company is very pleased to have finally secured these additional 2 priority areas and concludes our strategy of acquiring the landholdings we wanted. These new licences are testament to the teams’ hard work and commitment to deliver for all shareholders. After stalking the process for several months and having assessed these areas in-depth previously, we were in pole position when this ground was released for application and I am pleased to say we were successful in securing the last missing pieces of our puzzle and hence our strategy of securing the most desired ground in the area is complete. There is now an obvious land rush in the broader Coppermine area and our first mover advantage has given us a huge head start in acquiring the premium ground and we are now pretty much surrounded by new entrants to the area small.
The fact that this land is cohesive to our existing project, has delivered similar high-grade rock chip results which shows a mineralised system opened in all directions, is a massive achievement. We are only a matter of weeks away from “boots on the ground” at Nunavut for the start of the inaugural field campaign and heli-mounted MobileMT survey, the latest technology for the collection of magnetic and conductivity data targeting both high-grade volcanic hosted copper-silver mineralisation and high-tonnage potential sedimentary hosted copper prospects.”
Troy Whittaker - Managing Director
Click here for the full ASX Release
This article includes content from White Cliff Minerals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
The Conversation (0)
03 September
CATL Suspends China’s Top Lithium Mine on Permit Loss
Contemporary Amperex Technology (SZSE:300750,HKEX:3750) (CATL) has placed its Jianxiawo lithium mine back on care and maintenance after Chinese regulators revoked the site’s environmental approval, indefinitely stalling the country’s largest lithium operation by capacity.According to a report by... Keep Reading...
01 September
Smackover Lithium and LG Energy Ink Decade-Long Supply Agreement
LG Energy Solution (KRX:373220) signed a binding 10 year take-or-pay agreement to secure 80,000 metric tons (MT) of battery-grade lithium carbonate from Smackover Lithium.Total supply volume will provide enough cathode material to produce batteries for approximately 1.8 million high-performance... Keep Reading...
26 August
Webbs Silver: 300M Expansion, 3rd Rig Added!
Rapid Critical Metals Limited (ASX: RCM, RCMO) (“Rapid” or “the Company”) is pleased to announce a standout set of silver assay results from the ongoing drilling program at its 100%-owned Webbs Silver Project in northern New South Wales (Webbs or the Project), headlined by 4m at 1,230 g/t AgEQ... Keep Reading...
19 August
Lithium Chile Challenges Canadian Review of China Deal
Lithium Chile (TSXV:LITH,OTCPL:LTMCF) is challenging the Canadian government’s jurisdiction over a national security review that threatens to stall the sale of its Argentine subsidiary to China Union Holdings.The Calgary-based exploration company announced it is evaluating legal and... Keep Reading...
10 August
Batteries: A Strategic Asset for National Security
The battery narrative largely focuses on electric vehicles (EVs) and electronics, but batteries also play a pivotal role in defense applications, a segment that is becoming key amid heightened geopolitical tensions. From emergency response equipment and communications infrastructure to broader... Keep Reading...
04 August
US Military Scraps US$300 Million Lithium Carbonate Purchase
The US Department of Defense (DOD) has abruptly canceled a previous tender to purchase up to US$300 million of battery-grade lithium carbonate, Bloomberg reported. According to a procurement notice updated on Monday (August 3), the Defense Logistics Agency (DLA) scrapped its solicitation for... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00





