White Cliff Minerals Limited (ASX: WCN) has announced impressive early results from the digitization and GIS integration of historic, high-quality analogue datasets for the northern half of the Radium Point Project.
White Cliff chairman, Roderick McIllree said: “Firstly, I would like to express my appreciation to shareholders for their patience while the company works through the digitization and verification process for Radium Point. It has taken considerable time to collate and verify these historical results however it has been worth the wait. Work continues the assimilation of the remaining datasets for the balance of the 2,900km2 licence area however the tenor of these results already gives us great confidence in our upcoming field season. It’s important to stress that these results are from the northern half and near mine project areas only. The area to the south contains results that appear higher grade in nature with a larger surficial expression however we need more time to complete the verification process for this vast area and will release these results in due course.”
The North, as the name implies, refers to the northern half of the approximately 2,900km2 uranium, gold, silver, copper, licence area held by the company. Results have exceeded expectations and highlight multiple large & high-grade U-Cu-Au and Ag targets, all of which will be assessed during the upcoming 2024 field work.
Examples of some of the highly anomalous rock chip assays from sampling carried out by state survey and previous operators throughout the North can be seen below. Importantly, subsequent follow up work of these exceptional results and prospects appear to be limited:
Thompson Showing:
- 14.15% U3O8, 6.22g/t Au and 122g/t Ag
- 7.5% Cu, 1.63% U3O8, 729/t Ag and 1.56g/t Au
- 15.15g/t Au, 6.6% Cu, 2.32% U3O8 137g/t Ag, 1.11% Co, and 0.58% Ni
Spud Bay:
- 22.72% Cu, 619g/t (~20oz) Ag and 0.59% Pb
- 11.69% Cu, 1330g/t (~40oz) Ag, 8.30% Zn, and 0.44% Pb
- 6.61% Cu, 1427g/t (~45oz) Ag, 3.66% Zn, and 0.35% Pb
Bullwinkle:
- 7.43% U3O8 and 2.77% Cu
Doghead South:
- 1.56% U3O8, 10.30% Cu, 3.68g/t Au, and 34g/t Ag
- 3.85% Cu, 4.05g/t Au, and 7g/t Ag
Sparkplug Lake:
- 8.28g/t Au, 1.86% Cu, and 43.4g/t Ag
- 3.97% Cu, 4.42g/t Au, and 12.4g/t Ag
- 3.01% Cu, 5.37g/t Au, and 2.60g/t Ag
“I am very comfortable in saying this is the most exciting multi-element project I have seen, even though this is a first pass on these near mine and regional anomalies I am confident we are well placed to make significant discoveries on our ground during 2024,”
“Utilizing this new database of geophysical targets alongside surface geochemistry will assist greatly with the finalisation of our target definition for the upcoming field programme. I make no guarantees, but with results like this, on only half of the assessed ground to date its, worth making every effort possible to drill this project during the coming year,”
“During the coming weeks we will conclude the 2024 work programmes at both projects to deploy what will be a holistic campaign leveraging all available synergies between activity, location, and service provider”. Added Roderick.
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