White Cliff Minerals Limited (ASX: WCN) has announced that widespread, IOCG-U polymetallic, mineralization has been visually observed during the first week of its maiden fieldwork programme at its Great Bear Lake U-Cu-Au-Ag Project in northern Canada.
“Finally, we are on the ground! We could not be any more impressed with what we have seen in such a short period of time. This project is clearly under-explored with new potential discoveries having been made continuously and immediately. This, coupled with confirmation of the historic mineralized trends at Spud Bay and Thompson really impresses the potential for district scale opportunity across a polymetallic suite of minerals. The first batch of samples have already been dispatched to the labs and we are looking forward to those results in the next month or so; those results we hope will validate our expectations and provide us with further potential upside for precious metal contents not visible in the field. We look forward to update further with relation to Great Bear Lake exploration activities along with our highly anticipated programme at Nunavut.” Said Troy Whittaker, managing director.
Ongoing heli-supported field observations have confirmed the presence of widespread high-grade IOCG and epithermal mineralization, some with potentially significant strike lengths, the new discoveries at Great Bear Lake include the Glacier prospect, a large outcropping IOCG mineralized system identified over more than 1,100m of strike to date, 1km northeast of the historic Echo Bay Mine.
Newly identified targets include:
- Mile Lake, where intense primary copper mineralization has been identified along ~55m of outcropping rock before disappearing undercover
- Rust, where three parallel structures have been identified, 3.5km east of the historic Eldorado Mine site, which returned several “off scale” (>65,000) counts per second on the company’s handheld RS-125 Super-SPEC scintillometer evidencing potential extensional high-grade uranium
- Newly discovered crystalline herringbone-wire native silver occurrence along strike from main historical Bonanza Silver Mine
- Confirmation of the historic Thompson outcrop with visible uranium and cobalt mineralisation observed with semi massive bornite-chalcopyrite
- Confirmation of historic Spud Bay, a bonanza Cu location located with trend extended and resampled over ±700m of outcropping strike length before disappearing under cover
- Confirmation of Sparkplug, a Cu location, with the definition of a 430 x 160m zone of copper epithermal mineralisation at the periphery of an IOCG prospective collapse structure
Assay results to follow with the first batch of 95 samples already dispatched to ALS Laboratories in Yellowknife, additionally, works associated with MobileMT, the heli-mounted latest aerial technology for the collection of magnetic and conductivity data have commenced and continue.
Further updates to follow as exploration activities continue at Great Bear Lake. All premobilization activities completed for Nunavut Project with field works to commence in coming weeks
White Cliff Minerals has also received a C$168,000 grant from the Canadian Government, which the company will use for further exploration activities at Great Bear Lake U-Cu-Au-Ag and Nunavut Cu-Ag-Au Projects.
“This maiden campaign is the culmination of the team in Canada’s brilliant work, led by our executive director Eric Sondergaard. Their ability to ensure permitting was facilitated and granted in a timely manner, that aligned with our schedule and to successfully gain the grant from the Canadian Government to allow us to further our exploration activities was world class.” Added Troy.
To read more about this, please visit www.wcminerals.com.au
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