White Cliff Minerals

Nunavut Cu-Au-Ag Project Primed for Imminent Field Activities to Commence with Top Targets Identified

White Cliff Minerals Limited (“the Company”) (ASX: WCN) is pleased to provide an update on its activities as it prepares for its upcoming maiden field campaign at its Nunavut Copper-Gold-Silver Project in Northern Canada.


Highlights:

  • The Nunavut Cu-Au-Ag project represents a district scale opportunity at the pre-discovery stage underpinned by the presence of both high-grade, volcanic hosted copper-silver lodes and the prospect of large tonnage sedimentary hosted copper deposits
  • The Nunavut Cu-Au-Ag project hosts all required first order controls for formation of sedimentary hosted copper deposits, with proof-of-concept results from historic drilling - less than 2 km east of the Company’s mineral claims, on adjacent ground - a 2015 drillhole returned 28.97m of 0.57% Cu from the basal Rae Group sediments
  • Historic work has now been summarised at several priority target locations presenting a clear starting point for the Company to commence field activities:
    • Don: Located in the southern extents of the Company’s mineral claims, this represents another cropping out lode system, which has returned the highest historical copper and silver assay results within the project area. Highlights in this area include samples taken on the northerly most quartz-chalcocite-bornite vein with a separation of 88m along strike and returned values of 30.7% Cu, 194g/t Ag and 8.29% Cu, 23g/t Ag and 7.84% Cu, 104g/t Ag
    • CU-TAR: Located in the SE of the Company’s land holding offers at least four copper-silver lodes within NE trending vertical structures cutting the stacked basaltic flows of the Coppermine River Group. Historic grab samples include 21.18% Cu, 9g/t Ag and 35.54% Cu and 17g/t Ag with continuous chip samples returning 2.5m at 10.3% Cu and 5g/t Ag
    • Pickle Crow 140: This location has prominent NE/SW structures and a drift covered bench approximately 1000ft in length. Historic trench sampling results returned 1.13m at 16.75% Cu and 1.22m at 4.69% Cu
    • HALO: A N/S trending zone of chalcocite-chalcopyrite-bornite-malachite mineralisation which historically (2014) returned 5m at 4.34% Cu and 5.4g/t Ag from surface composite rock chip sampling

Commenting on the update, White Cliff Managing Director, Troy Whittaker said:

“The Nunavut Cu-Au-Ag Project presents the Company with a significant opportunity. Previous operators proved the presence of high grade Copper veins however there was no sufficient follow up drill testing providing us with the opportunity for considerable exploration upside.

Despite their being inference and description of substantial strike extents across the project, only single samples were taken from limited occurrences. These single occurrences provide us with a substantial foundation to undertake activities looking at district scale potential.

We look forward to over the coming months as the team deploys to the field to undertake the aerial geophysical MobileMT survey and ground reconnaissance works taking rock chip samples from outcrops channel saw sampling providing further updates“


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)
Glowing digital battery icon with particle connections on dark background.

CATL Mine Restart Pressures Australian Lithium Market

Australia’s lithium sector is facing pressure on the back of news that Chinese battery giant Contemporary Amperex Technology (CATL) (SZSE:300750,HKEX:3750) is expected to resume production at its Jianxiawo mine.

Operations were halted in August when the mine’s licence expired, with the suspension expected to last three months.

Located in Yichun, Jiangxi province, Jianxiawo produces about 65,000 tonnes of lithium carbonate equivalent annually, roughly 6 to 8 percent of global supply. It is the largest mine in Yichun, often referred to as China’s “lithium capital.”

Keep reading...Show less
International Lithium (TSXV:ILC)

International Lithium Corp.


Keep reading...Show less
Blue lithium-ion battery over shiny surface.

How to Invest in Lithium Stocks and the Lithium Market

Despite the current low price environment, the long-term demand for battery metals is robust and offers opportunity for those interested in lithium stocks.

Seasoned metals investors who want to look beyond gold and silver are getting involved, while new investors are being drawn in by expanding battery market and lithium supply deals between automakers and lithium producers.

Whatever the reason, it’s important to get familiar with the lithium market before investing in lithium stocks. Here's a brief overview of some of the basics, including supply and demand, prices and companies.

Keep reading...Show less
Andrada Mining

New mineralised pegmatites identified at Lithium Ridge as exploration drilling commences with SQM

Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), the critical minerals producer with mining and exploration assets in Namibia, is pleased to announce the commencement of exploration drilling at the Lithium Ridge project in partnership with Sociedad Química y Minera de Chile SA through its subsidiary SQM Australia (Pty) Ltd ("SQM"). (See announcement dated 9 September 2024 and 28 February 2025). This milestone represents part of the stage 1 workplan of the three stage earn-in agreement with SQM. Under this first stage, SQM will fund up to US$7 million in exploration to secure an initial 30% interest at project level with the potential to fund up to US$40m million over the three stages.

Keep reading...Show less
Gina Rinehart, executive chair of Hancock Prospecting, stands in front of cherry blossom trees.

Inside Billionaire Gina Rinehart's Key Mining Investments

Australian billionaire Gina Rinehart has become a formidable force in the global mining industry.

After taking the helm of her father’s iron ore firm Hancock Prospecting in 1993, she embarked upon a diversification strategy that has vastly expanded her resource empire. Now Australia’s richest person, Rinehart has investments in many of the world’s most strategic commodities such as lithium, rare earths, copper, potash and natural gas.

One of those investments is Arafura Rare Earths (ASX:ARU,OTC Pink:ARAFF), which even in a low price environment for rare earths managed to secure nearly AU$1.5 billion in debt financing in mid-2024 to advance its Nolans project in the Northern Territory. With a 10 percent equity stake, Rinehart’s Hancock Prospecting is Arafura's largest shareholder.

Keep reading...Show less
Democratic Republic of Congo flag waving against a clear blue sky.

Billionaire-backed KoBold Metals Secures DRC Licenses in Push for Manono Lithium

KoBold Metals, a US-backed mining firm supported by billionaires Jeff Bezos and Bill Gates, has received seven new permits to explore for lithium in the Democratic Republic of Congo (DRC).

The DRC mining registry confirmed on Wednesday (August 27) that the permits cover ground in both the Tanganyika and Haut-Lomami provinces, including four in Manono territory, home to the massive Roche Dure lithium deposit.

The approvals follow a July agreement between KoBold and the DRC government that positioned the company to acquire and develop the disputed Manono project, considered one of world's largest untapped lithium deposits.

Keep reading...Show less

Latest Press Releases

Related News

×