White Cliff Minerals Limited (ASX: WCN) has announced that further widespread, IOCG-U polymetallic, mineralization has been visually observed during the maiden fieldwork programme at the company’s 100% owned Great Bear Lake U-Cu-Au-Ag Project in northern Canada and that works have now commenced at its 100% owned Nunavut Cu-Ag-Au Project.
“The IOCG potential of this project continues to grow. As we have seen from this latest round of exploration, we continue to discover targets that represent newly identified, spatially separate mineralised systems, indicating the opportunity for multiple discoveries. The completion of MobileMT survey delivers another significant milestone for stakeholders. The Data returned from this detailed survey is expected to work well given the outcropping mineralization fresh rock and lack of overburden. We will, integrate this information into our planning and in conjunction with the field observations and having a clear understanding of the topography and local onsite conditions we will have a complete and detailed understanding in readiness for our upcoming drilling campaign and various site visits that are planned.” Said Troy Whittaker, managing director.
A total of four large IOCG hydrothermal systems have now been identified and sampled within the project area, all prospects are visibly mineralized with chalcopyrite +/- bornite and associated copper secondary minerals.
Additionally, the company announced the newly discovered “Cleaver” project, a broad zone of chalcopyrite bearing alteration at surface indicating a large and fertile IOCG system is in place. Cleaver includes large scale deep seated structures with widespread earthy hematite alteration (including Uranium up to 4000 counts per second (CPS)) and secondary copper.
Further groundwork at Spud Bay (north) has identified widespread copper mineralisation along a structural corridor that can be traced for 450m N/S before disappearing under cover that including surficial bornite.
This newly identified structure at Spud Bay adds to the existing 700m E/W trend and native silver occurrence discovered just 530m along strike from the historic Bonanza and El Bonanza silver mines.
The company’s subcontractor, Expert Geophysics, has completed the MobileMT airborne geophysical program at Great Bear Lake and has now mobilized and will commence work at the Nunavut Cu-Ag-Au Project.
“Adding to the excitement of these discoveries at Great Bear Lake – works will shortly commence in Nunavut where we are targeting high-grade, volcanic hosted copper-silver lodes which are prospective for high grade vein fill and bulk tonne sedimentary hosted copper deposits. To date we have executed a seamless and zero injury first pass programme at Great Bear thanks to our highly professional consultants as well as our staff. Next is planning and preparations for drilling at Great Bear and the completion of the first pass field activities and surveys at Nunavut. All in all, things could not have gone better, and we look forward to drilling later this season.” Added Troy.
To read more about this, please visit https://wcminerals.com.au/
To read more news like this, please visit www.theassay.com/news
