Besides Laguna, Rockcliff’s priorities for its Snow Lake package include the Talbot copper property and the Bur zinc property.
Geophysics over the Laguna gold property in northern Manitoba’s Flin Flon-Snow Lake camp have found a structurally complex geological trend at least six kilometres long and 200 metres wide, Rockcliff Copper TSXV:RCU reports. Now the 3,501-hectare property’s exploration priority, the finding comes from an airborne drone magnetometer survey flying 1,120 kilometres of tight 25- to 50-metre spacing. The work was part of a program that includes very low frequency and induced polarization surveys still underway.
Rockcliff holds a 100% option on Laguna, one of several properties in the company’s Snow Lake project. During intermittent operation between 1916 and 1939, Laguna produced over 60,000 ounces of gold averaging 18.7 g/t from a single vein. Surface grab samples previously announced by Rockcliff ranged from trace to over 600 g/t.
The newly identified trend “hosts multiple, surface-exposed, high-grade gold-bearing quartz vein stockwork systems which are associated with sub-parallel subsidiary fault splays east of a major regional NE-SW trending thrust fault known as the Crowduck Bay fault,” said president/CEO Ken Lapierre. The trend shows “excellent” potential for finding additional stockworks of a similar nature, he added.
Rockcliff’s Snow Lake project consists of both gold and VMS properties. The approximately 45,000-hectare package includes two gold properties besides Laguna, as well as two copper-polymetallic deposits with resource estimates and four zinc deposits with historic, non-43-101 estimates. The properties all sit within trucking distance of two processing facilities owned by Hudbay Minerals TSX:HBM.
Last week Rockcliff closed an oversubscribed private placement of $1.35 million.