White Cliff Minerals Limited (ASX: WCN) has concluded phase 1 of its 2024 work programmes at the company’s Great Bear IOCG-U Project in the Northwest Territories and the Rae Cu-Ag-Au Project, Nunavut.
The programmes, completed on time and on budget with no lost time to injury, were designed to verify field locations of historical high-grade results and to define priority targets for drilling later in the September quarter. The dual programme airborne MobileMT geophysical survey has also been completed for both projects.
The Great Bear IOCG-U Project has identified and sampled four separate IOCG systems. The Glacier IOCG target features chalcopyrite-bornite cemented breccias and veining within strong potassic alteration, extending over more than 1100m of identified strike length. The Cleaver IOCG target hosts widespread and fresh chalcopyrite mineralization, covering an area of 785m by 460m, with uranium recordings of up to 4,000 counts per second within earthy hematite structures.
Additionally, extensive native silver veining and crystals have been observed, amounting to 34,000,000oz of refined silver. Historic mineralization has been confirmed at Thompson and Spud Bay, with visible uranium and cobalt observed, and approximately 700m of mineralized outcrop sampled. Over 175 samples have been collected from the greater Great Bear Project area. Follow-up campaigns are being prepared for Q3 at Sloan, Mariner, and Doghead, which are parts of the northern project area not visited during the first phase.
At the Rae, Cu-Ag-Au Project, multiple styles of copper mineralization have been observed. Vertical broad shear zones with extensive quartz veining and semi-massive to massive copper sulfides have been identified at HALO, Cu-TAR, DON, and PAT, with follow-up sampling extending the strike length at HALO to more than 800 meters. Evidence of sedimentary-hosted copper mineralization has been found at the CALMAL and HALO targets. Widespread native copper “replacement style” mineralization has been observed at Kilauea. Approximately 100 samples have been collected from the Rae Project. Assays for the Great Bear Project are expected in two to three weeks, with results for Rae following in two to three weeks thereafter. A total of 3,573 line-kilometers of heliborne MobileMT geophysical survey has been completed across both projects, with results and interpretations due in two to three weeks.
“A safe and successful programme has been delivered at both of our highly prospective Canadian projects from a standing start in February, on time and on budget. A fantastic achievement and testament to the capability of the Whitecliff team and a great result for all shareholders. All objectives were completed in phase 1 for 2024. Pleasingly, all historically identified mineralization across the projects has been extended laterally, highlighting the scale potential at Great Bear and Rae. I look forward to assay results confirming what our onsite visual assessments have concluded and to the commencement of drilling later this quarter. We are at the first and most exciting stage in the identification of what we believe are multiple, district scale mineralized complexes at both projects.” Commented Troy Whittaker, managing director.
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