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White Cliff Minerals (ASX:WCN) has reported copper grades of up to 2% and silver of up to 6.8 grams per tonne across 75 metres, yielded from an ongoing drilling program at its Rae copper project in Canada’s Nunavut province.
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Within the assay mentioned above, WCN also found a high-grade intercept of 18.3m at 4.66 Cu and 17.2 g/t Ag, plus another mineralised zone defined by 12.19m at 1.13% Cu and 2.13 g/t Ag from 91.44; the latter suggests the presence of a sub-parallel structure.
The drilling work – which was reverse circulation – focused on the Danvers project area. The expectations for this area have been bolstered by surface chip sampling of the structure which hosts Danvers, albeit five kilometres southwest.
This yielded assays – picked up over an area of 150 metres – such as 16.15% Cu and 68.5g/t Ag, 13.3% Cu and 70g/t Ag, 9.54% Cu and 29.9g/t Ag, 7.79% Cu and 74g/t Ag.
WCN has therefore confirmed high-grade copper and silver mineralisation along a structural trend of more than 5km, and is planning step-out drilling to test the structure to the southwest.
Managing director Troy Whittaker said the recent work revealed potential hidden treasure at Danvers. “Another solid result from hole six confirms persistent high-grade copper mineralisation at Danvers,” he said.
“What is also now highly encouraging is the recognition and confirmation [that] the structural trend at Danvers is mineralised.
“With high-grade copper and silver now identifiable over more than 5km of the structure to the southwest, the potential of this area is extraordinary.”
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He continued: “The geological team digitised all historic chemical and aerial data and what is emerging from this process, and confirmed by these recent rock chip results, is that Danvers could be very large indeed… the current historical estimate is in no way indicative of the overall potential this structure.”
WCN has been selling at 2.6 cents a share heading into Friday’s trade.
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