White Cliff Minerals

First Assay Results from Rae Copper Project Returns High Grade Copper

Hole DAN25003 delivers a 58m @ 3.08% Copper intersection

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

Figure 1 - White Cliffs Rae Copper Project.

Click here for the full ASX Release

This article includes content from White Cliff Minerals, 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.

WCN:AU
The Conversation (0)
LKY Doubles Landholding Abutting MP Materials in Mojave Hub

LKY Doubles Landholding Abutting MP Materials in Mojave Hub

Locksley Resources (LKY:AU) has announced LKY Doubles Landholding Abutting MP Materials in Mojave Hub

Download the PDF here.

EV Resources

EV Resources Acquires 100% of High-Grade Dollar Antimony Project in Nevada, USA

EV Resources Limited (ASX:EVR) (“EVR” or “the Company”) is pleased to announce it has secured 100% ownership of the historic Dollar Antimony Project, located in Nye County, Nevada – a Tier-1 mining jurisdiction strategically located near Military Metals Corp’s Last Chance Project. The project is comprised of 8 unpatented mining claims totalling 160 acres.

Keep reading...Show less
Blue and white globe balancing on a rocky surface with cloudy sky backdrop.

Navigating Uncertainty: How to Manage Jurisdictional Risk for Mining Stocks

In the high-stakes world of resource extraction, a nation's mineral wealth is a powerful magnet for investment, fueling economic growth and national prosperity. But not all countries are created equal.

For investors in the mining sector it's key to understand that jurisdictional risk can be profoundly impacted by political changes, as new administrations can swiftly alter the regulatory landscape. These policy shifts can present both opportunities and setbacks, introducing a complex layer of uncertainty to even the most promising ventures.

At the same time, regions traditionally seen as stable and secure for resource development can face their own challenges, including rigorous permitting regimes that can slow mine development activity.

Keep reading...Show less
Wind turbines on a hill during sunset, with a winding path leading through the landscape.

Report: US$800 Billion in Mining Finance Could Derail Clean Energy Transition

A new report from the Forests & Finance Coalition warns that nearly US$800 billion in mining finance is accelerating extraction practices that could undermine global climate goals.

The study, titled "Mining and Money: Financial Faultlines in the Energy Transition," highlights what the organization calls “dangerously weak” safeguards in the sector.

Between 2016 and 2024, commercial banks extended US$493 billion in credit to companies mining copper, lithium, cobalt, nickel and other key transition minerals, according to the group.

Keep reading...Show less
LKY Frankfurt Listing & Strategic US Expansion

LKY Frankfurt Listing & Strategic US Expansion

Locksley Resources (LKY:AU) has announced LKY Frankfurt Listing & Strategic US Expansion

Download the PDF here.

Digital map of China with network connections highlighted in blue.

ICMM: These 3 Nations Control Nearly Half the World's Mining Footprint

The world’s mining industry may be spread across over 150 countries, but new data reveals that almost half of all large-scale mining and processing facilities are concentrated in just three: China, Australia and the US.

That's according to the International Council on Mining and Metals' (ICMM) Global Mining Dataset report. Released on Wednesday (September 3), it is a sweeping compilation of 15,188 mines and processing plants.

According to ICMM, 45 percent of all mines, smelters, refineries and steel plants are clustered in China, Australia and the US — an uneven distribution that has key implications for supply chains and the pace of the clean energy transition.

Keep reading...Show less

Latest Press Releases

Related News

×