White Cliff Minerals

Rae Copper Project delivers further high-grade mineralisation with 63m @ 2.23% Copper

White Cliff Minerals Limited (“WCN” or the “Company”) (ASX: WCN; OTCQB: WCMLF) is pleased to announce further assay results from the recent reverse circulation drilling campaign at the Company’s 100% owned Rae Copper Project in Nunavut, Canada.


  • Further assays from Danvers confirm a shallow, high grade copper system that remains open at depth and along strike
  • Drilling continues to prove, previously unknown and untested, extensions to high grade mineralisation
  • Highlights from DAN25002:
    • 63m @ 2.23% Cu & 7.1g/t silver (Ag) from 9.14m, including a high-grade intercept of 15m @ 5% Cu & 16.9g/t Ag from 18.29m
  • DAN25004 returned two significant copper intervals:
    • 38m @ 1% Cu & 1.89g/t Ag from 7.62m, and
    • 72m @ 1.08% Cu & 4.22g/t Ag from 62.48m, including a high-grade intercept of 14m @ 2.32% Cu from 106.68m
  • Pre collar drilling at Hulk is complete, ready for an upcoming diamond drilling campaign
  • The Company is advancing discussions with its contracting partners to undertake targeted airborne geophysical surveys at Danvers across the 9.1km target fault zone and to also utilise the proven down hole electromagnetic survey across the broader Rae project which will support and help target these future campaigns
  • Further assays to come pending release from the laboratory

“Assays from Rae continue to exceed expectations: 175m @ 2.5% Cu, 58m @ 3.08% Cu, 52m @ 1.16% Cu and now further significant intercepts of 63m @ 2.23% Cu and 72m @ 1.08%. These high-grade intercepts from surface are rare in the exploration world as explorers over recent times have had to go deeper and deeper to identify additional copper resources.

Being the first mover into this highly prospective location, after more than a decade of inactivity due to political constraints – securing the licences organically and now having undertaken our first drill program, positions us well both for future work programmes and facilitate further discoveries.

We are not surprised by the increased attention into the broader region by many players. Infrastructure enhancements at Yellowknife and increased activity along the north-west passage provide far easier access than in previous decades when the last serious exploration was undertaken.

More recently we have seen increased state and federal conversations around road and port infrastructure development in this area to support regional development. Logistics that will positively impact the Rae Project. Given the project area is less than 80km by road to the deep-water port of Kugluktuk, these results will surely focus the spotlight on the development opportunities and benefits to the local and regional stakeholders.

The Rae Project area has the potential to help meet the global production void through proper systematic assessment of this underexplored copper landholding and we continue to look forward to updating shareholders with the next round of results as they come to hand over the coming weeks.”

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.

WCN:AU
The Conversation (0)
Copper Intelligence (OTC:CUAI)

Copper Intelligence and CoTec Finalise Joint Venture Shareholder Agreement to Target Processing Historical Copper Tailings Opportunities in the Democratic Republic of Congo

Copper Intelligence (OTCID: CUAI) is pleased to announce that it has finalized the terms of a definitive joint venture agreement with CoTec Holdings Corp. (TSXV: CTH) (OTCQB: CTHCF) and two third-party investment vehicles associated with the Company's CEO, Julian Treger, and Chairman, Lucio... Keep Reading...
Michael Meding, copper rolls.

Copper Crunch — Structural Deficit "Here to Stay" | McEwen Copper's Michael Meding

Michael Meding, managing director of McEwen Copper, discusses the company's Argentina-based Los Azules copper project, including the timeline for a final investment decision and when an initial public offering may take place. He also touches on supply/demand dynamics in the copper space. Don’t... Keep Reading...
High-Grade PXRF Results Upgrade Silverjack & Headway Targets

High-Grade PXRF Results Upgrade Silverjack & Headway Targets

Raptor Metals (RAP:AU) has announced High-Grade PXRF Results Upgrade Silverjack & Headway TargetsDownload the PDF here. Keep Reading...
Rows of fine copper bars with text that reads "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Brutus Mining Jumps 89 Percent on CSE Listing

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.On September 18, the Ontario government announced it would commit to a C$11 million non-binding term... Keep Reading...
Various multicolored electrical cables with exposed copper wires spread out on a white surface.

Michael Burry Ignores AI Buzz, Bets on Copper

"Big Short” investor Michael Burry is avoiding the technology sector’s AI trade, instead deploying capital into other ventures.In a September 22 Substack update, Burry disclosed new positions in Brazilian copper miner Ero Copper (TSX:ERO), building-products firm QXO (NYSE:QXO), Australian... Keep Reading...

Interactive Chart

Latest Press Releases

Related News