White Cliff Minerals

Priority Targets Confirmed at Great Bear Lake (Radium Point) U-Cu- Au-Ag Project in Readiness for Field Activities to Commence

Ongoing data digitisation reveals additional high priority targets

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 in Northwest Territories and Nunavut, Canada. The Company has now prioritised a number of highly prospective targets, which includes additional targets from the initial review of the southern half of the Great Bear Lake Project, Northwest Territories, as new areas are realised through the digitisation and GIS integration of historic datasets.


Highlights:

  • Priority targets will include:
    • Thompson Showing: a high-grade polymetallic area south of the historic Echo Bay and Eldorado mines that includes untested U anomalies from prior airborne radiometry surveys. Historic rock chips include 14.15% U3O8, 6.22g/t Au, 122g/t Ag.
    • Hunter Bay Extension (Sloan): The target is immediately along strike from the historic (non JORC/NI 43-101) estimate of 100,000t at 8.4% Cu at the Sloan Deposit1. Limited sampling in 2006 returned up to 1.69% Cu and 321ppm U3O8 along the NE extension of the vein complex.
    • Sparkplug Lake: An E/W trending structure adjacent to an obvious caldera collapse feature similar to the NICO and Sue Dianne IOCG deposits2. Historic grab samples span a strike length of 1.8km returning up to 8.28g/t Au, 44g/t Ag and 3.97% Cu. Several structures of similar orientation exist for a further 2.5km south.
    • Spud Bay: Lies along strike from the historic Bonanza Silver Mine3, striking NW/SE between granite and monzodiorite hosts several high grade, Ag, Cu, Co, Zn occurrences. Historic grab samples include 11.7% Cu, 8.3% Zn and 1330g/t Ag and 22.7% Cu and 619g/t Ag.
  • Evidence of IOCG and epithermal style mineralisation have been identified in the southern half of the Great Bear Lake Project generating new and additional priority targets:
    • Luv Lake: Located 8 km NE of the historic Terra silver mine, a 3km2 IOCG target with historical rock chips that include 10.4% Cu and 23g/t Ag
    • OMNI: Located 9.3km east of the Luv Lake target area, a quartz stockwork hosted Au-Cu with historical rock chips that include 5.4% Cu and 4g/t Au
    • HD44: Located just 5km SW of the Terra Mine, a polymetallic quartz-carbonate epithermal out cropping vein with historical rock chips that include 2.18% Cu, 1.95% Co and 22.26% Bi

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

“Historic rock chips results from the southern parts of the Great Bear Lake Project have continued to reveal an underexplored, district scale opportunity which will be assessed during the upcoming 2024 field work. Whilst works continue on this review, these initial results continue to demonstrate the district and regional potential of the entire Project area.

Integration of this historic data, coupled with observations and sample results from the upcoming field program alongside outputs from the MobileMT survey will provide a robust dataset for drill target definition. The diligent and exceptional work done by the team has allowed us to rank priority targets across the Great Bear Lake Project which allow for efficient and appropriate provision of field works and capital allocation ahead of the 2024 season.

Given the target rich environment, and different advancing stages of exploration across the Project, the Company is now in an envious position where it can progress and develop a pipeline of targets“.


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.

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