White Cliff Minerals Limited (ASX: WCN) has snapped up additional licence area in the northern-adjacent boundary of its Rae Copper-Silver Project, Nunavut, Northern Canada. Preliminary geophysical results confirm prospectivity for district scale sediment-hosted copper potential.
Troy Whittaker, managing director, commented, “After initial review of the preliminary geophysical information it became obvious, that is was strategically necessary to secure the adjacent northern blocks to the existing licence area which contain potential anomalous areas.”
The acquisition expands the total project area to 1,198 km², which represents an increase of approximately 20%. Initial processing of preliminary data from the recently completed MobileMT geophysics survey suggests that the newly acquired area is prospective for sedimentary-hosted copper. The project now encompasses more than 72km of strike length of the prospective Rae Group Sediments.
Results from the airborne MobileMT geophysics campaign are expected in the coming weeks. With recent fundraising efforts successfully completed, the company is now fully funded for drilling at Rae, which it plans to commence during the first quarter of 2025.
“Our early mover advantage allowed us to secure the prime ground at Rae, however, a recent land rush in the area has meant we need to move swiftly to acquire areas we identify as having potential to host extensions to our prospective sedimentary copper targets. I’m pleased this is completed, as it consolidates not only the Rae sedimentary basin in general, but it also affords us the potential to expand the Hulk target under tenure by an additional third. This additional 243km2 of prospective ground, covers an additional 24km of the Rae Group sediments along strike and further into the basin north of our primary sedimentary target – the Hulk, which, subject to finalizing the remaining approvals and awarding contracts we look forward to drilling commencing during Q1 2025.” Added Troy.
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