Rafaella Resources (ASX:RFR) - Managing Director, Steven Turner
Managing Director, Steven Turner
Source: Rafaella Resources
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  • Rafaella Resources (RFR) has identified significant copper, gold and silver targets at the McCleery Project in Canada
  • Throughout September, Rafaella’s geological consulting team, Aurora Geosciences, undertook an exploration program at the project
  • This work confirmed the presence of polymetallic, copper-silver-cobalt-gold, occurrences along the primary ridgelines
  • Additionally, areas of massive magnetite-pyrrhotite-pyrite were discovered along the north
  • Further surveys have been planned which are set to begin in Q2 2021
  • Rafaella has ended the day 5.71 per cent in the red with shares trading at 6.6 cents

Rafaella Resources (RFR) has identified significant copper, gold and silver targets at the McCleery Project in Canada.

McCleery lies roughly 170 kilometres southeast of Whitehorse, the territorial capital of the Yukon in northwest Canada.

Throughout September, Rafaella’s geological consulting team, Aurora Geosciences, undertook an exploration program at the project.

This work confirmed the presence of polymetallic, copper-silver-cobalt-gold, occurrences along the primary ridgelines.

The mineralisation is predominantly copper-silver with up to 11.31 per cent copper and 528g/t silver being returned.

Additionally, areas of massive magnetite-pyrrhotite-pyrite were discovered along the north.

“The results of this four-day survey are highly encouraging, the new massive magnetite, pyrrhotite, pyrite talus float and the gold mineralised quartz vein float are clearly worthy of detailed follow up as soon as the field season opens up this coming Spring,” Managing Director Steven Turner said.

“To tie these surveys in with the companies filed programs at Midrim and Laforce projects bodes well for our Canadian exploration development for the second quarter of 2021,” he added.

Rafaella has ended the day 5.71 per cent in the red with shares trading at 6.6 cents in a $7.535 million market cap.

RFR by the numbers
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