Join our daily newsletter At The Bell to receive exclusive market insights
White Cliff Minerals Ltd (ASX:WCN) has reported another spate of positive results from reverse circulation (RC) drilling at its Rae copper project in Canada, including 63 metres at 2.23% copper (Cu).
Listen to the HotCopper podcast for in-depth discussions and insights on all the
biggest headlines from throughout the week. On Spotify, Apple, and more.
This result was taken from the Danvers prospect, where assays have confirmed the presence of a shallow, high grade copper system which remains open at depth and along
strike.
WCN’s continued drilling at Danvers has proven extensions to high grade mineralisation there – much of it previously unknown and untested. The most impressive intersection so far has been 63m at 2.23% Cu & 7.1g/t silver (Ag) from 9.14m, including a high-grade intercept of 15m @ 5% Cu & 16.9g/t Ag from 18.29m.
Another hole at the prospect returned strong copper values, including 38m at 1% Cu & 1.89g/t Ag from 7.62m; and 72m at 1.08% Cu & 4.22g/t Ag from 62.48m, including a high-grade intercept of 14m at 2.32% Cu from 106.68m.
The company has also completed pre-collar drilling at Hulk, in preparation for an upcoming diamond drilling program.
However, Danvers is also a focal point for future surveying work, with WCN progressing discussions with its contracting partners to facilitate targeted airborne geophysical
surveys across the prospect’s 9.1km target fault zone.
Alongside this, the company wants to utilise the proven down hole electromagnetic survey across the broader Rae project which will support and help target these future campaigns.
Managing director Troy Whittaker said exploration work at the project – located in Canada’s Nunavut territory – continued to be promising.
“Assays from Rae continue to exceed expectations: 175m at 2.5% Cu, 58m @ 3.08% Cu, 52m at 1.16% Cu and now further significant intercepts of 63m at 2.23% Cu and 72m at 1.08%,” he said.
“These high-grade intercepts from surface are rare in the exploration world as explorers over recent times have had to go deeper and deeper to identify additional copper resources.
“Being the first mover into this highly prospective location, after more than a decade of inactivity due to political constraints – securing the licences organically and now having undertaken our first drill program, positions us well both for future work programmes and facilitate further discoveries.”
WCN has been trading at 3.2 cents.
Join the discussion: See what HotCopper users are saying about WCN and be part of the conversations that move the markets.
