Rockcliff Awards Mandate for NI 43-101 Resource Estimates Update
18 December 2019 - 12:11AM
Rockcliff Metals Corporation (
“Rockcliff” or the
“Company”) (CSE: RCLF) (FRANKFURT: RO0,
WKN: A2H60G) is pleased to announce that the Company has
awarded P&E Mining Consultants Inc. (“P&E”) the mandate to
update the Mineral Resource Estimates and supporting NI-43-101
Technical Reports for the Tower, Rail and Talbot deposits located
in the Flin Flon-Snow Lake greenstone belt, the largest
Paleoproterozoic Volcanogenic Massive Sulphide (“VMS”) district in
the world.
The updated Mineral Resource Estimates will
provide the basis for the eventual Preliminary Economic Assessments
(“PEAs”) and Feasibility Study envisioned to be completed during
2020. Rockcliff’s management will work closely with P&E’s
experienced team and particularly with Mr. Eugene Puritch, P.Eng.,
FEC, CET, the lead of the Technical Reports. Rockcliff is confident
that P&E brings the technical skills and collaboration
qualities required to deliver robust Mineral Resource
Estimates.
Rockcliff’s President and CEO Alistair Ross
commented: “We are pleased that our recent drilling activity has
added sufficient data and knowledge to warrant an update to our
Mineral Resource models at the Tower, Rail and Talbot properties.
We look forward to P&E completing these reports during Q1 2020,
as a precursor to the next phase of completing PEA’s on these
properties.”
The Company believes that the updated NI 43-101
Mineral Resource Estimates, along with the completion of mine
development and metallurgical studies, will provide enough data to
complete Preliminary Economic Assessments (“PEAs”) on the Tower,
Rail and Talbot projects during Q2 2020. Management will then
prioritize each project for production based on economics and risk
factors, selecting the optimal project to advance to a Feasibility
Study.
QP
Ken Lapierre P.Geo., VP Exploration of
Rockcliff, a Qualified Person in accordance with Canadian
regulatory requirements as set out in NI 43-101, has read and
approved the scientific and technical information that forms the
basis for the disclosure contained in this press release.
About P&E Mining Consultants Inc.
P&E Mining Consultants Inc., provides
geological and mine engineering consulting reports, Mineral
Resource Estimate Technical Reports, Preliminary Economic
Assessments and Pre-Feasibility Studies. The experience of their 22
associates covers over 350 Technical Reports on diamonds and most
metallic deposits for both open pit and underground deposits. The
company operates under Certificates of Authorization from the
provinces of Ontario, Newfoundland and Saskatchewan. Associates are
also licenced in the provinces of British Columbia, Quebec,
NWT/Nunavut and New Brunswick.
About Rockcliff Metals Corporation
Rockcliff is a well funded Canadian resource
development and exploration company with near-term copper
production potential, and a leased fully functional +1000 tpd
permitted processing and tailings facility. The Company owns and
options several advanced-stage, high-grade copper and zinc dominant
VMS deposits in the Snow Lake area of Manitoba. The Company is a
major landholder in the Flin Flon-Snow Lake greenstone belt which
is home to the largest Paleoproterozoic VMS district in the world,
hosting mines and deposits containing copper, zinc, gold and
silver. The Company’s extensive portfolio of properties
totals over 4,500 square kilometres and includes eight of the
highest-grade, undeveloped VMS deposits and several lode-gold
properties including the historic Rex-Laguna gold mine, Manitoba’s
first and highest-grade gold mine.
For more information, please visit
http://rockcliffmetals.comTwitter: @RockcliffMetalsFacebook:
Rockcliff Metals Corporation
For further information, please
contact:Rockcliff Metals
CorporationAlistair RossPresident & CEOCell: (705)
507-4251aross@rockcliffmetals.com
Cautionary Note Regarding
Forward-Looking Statements: This news release includes
forward-looking statements that are subject to risks and
uncertainties. Forward-looking statements involve known and unknown
risks, uncertainties, and other factors that could cause the actual
results of the Company to be materially different from the
historical results or from any future results expressed or implied
by such forward-looking statements. All statements contained in
this news release, other than statements of historical fact, are to
be considered forward-looking. Although Rockcliff believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not a guarantee of
future performance and actual results or developments may differ
materially from those in the forward-looking statements.
The Canadian Securities Exchange does not accept
responsibility for the adequacy or accuracy of this news
release.
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