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Rockcliff Metals Corp.
Summary
| Project: | Laguna | |
|---|---|---|
| Deposit: | Laguna | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/27/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-1-2020: Rockcliff Metals Corp. announces an Exploration/Drilling Update report for its Laguna deposit at the Laguna project. Drilling results incl. 0.84m @ 11.80g/t Au. Toronto, Ontario--(Newsfile Corp. - January 27, 2020) - Rockcliff Metals Corporatio | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ken Lapierre (Internal) | |
| ABSTRACT: | Toronto, Ontario--(Newsfile Corp. - January 27, 2020) - Rockcliff Metals Corporation (CSE: RCLF) (FSE: RO0) (WKN: A2H60G) ("Rockcliff" or the "Company") is pleased to announce that KG Exploration (Canada) Inc. ("KGE"), an affiliate of Kinross Gold Corporation has completed its 2019 exploration program including over 3,000 metres ("m") of drilling at Rockcliff's Laguna property ("Laguna") in Snow Lake, Manitoba. KGE optioned Laguna from the Company in July 2018. Based on the positive results in 2019, KGE elected to continue with the Laguna/Lucky Jack option agreement and has advised Rockcliff that a winter drill program has now commenced at Laguna. Between 5,000m and 8,000m of drilling is planned at Laguna in 2020. Pursuant to the July 2018 option agreement, KGE may earn up to a 70% interest in Laguna and the Lucky Jack gold properties by spending $5,500,000 over the 6 year term of the option agreement. Laguna, located in the Flin Flon-Snow Lake greenstone belt hosts the historic Rex-Laguna gold mine, Manitoba's first and highest-grade former gold mine. Discovered in 1914, eventual periodic gold mining from the Laguna quartz vein, between 1936 and 1940, produced over 60,000 ounces of gold with an average grade of 16.7gpt. Laguna includes 28 contiguous mining claims totalling 3,501 hectares. The 2019 drill program was successful in identifying a new high grade, narrow hangingwall quartz vein that occurs above the mined Laguna quartz vein (see figure 1 below). The hangingwall quartz vein has been traced by drilling for approximately 250m along strike to about 150m depth. | |
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