Rockcliff’s Drill Program Commences at the Snow Lake VMS Project
SUDBURY, ONTARIO–(Marketwire – July 29, 2008) – Rockcliff Resources Inc. (TSX VENTURE:RCR) (Tier 1) is pleased to announce that a 15,000m drill program is underway on its Snow Lake VMS Project located in central Manitoba. The second phase of drilling on the project has commenced at the Rail Property. Rockcliff’s initial drilling and geophysical programs at Rail identified several untested VMS targets and has extended the known, copper-rich mineralization of the historic Rail Lake VMS Deposit. This current phase of drilling will focus on identifying the source of the untested VMS targets, as well as determining the strike extent of the Rail Lake VMS Deposit.
Drilling will initially focus at the Rail Property where Rockcliff’s recently completed airborne VTEM, surface DPEM and borehole geophysical surveys have identified several untested VMS targets. The interpreted VMS target strike lengths range between 125m to 500m with depth extents ranging from surface to 800m vertical. All targets are located within or proximal to the Rail Lake horizon which is a favourable, 5 km long, north-south geological trend hosting juvenile arc assemblage rocks and the copper-rich Rail Lake Deposit. Juvenile arc assemblage rocks presently host all of the mined VMS deposits in the prolific Flin Flon and Snow Lake VMS camps.
Prioritization of airborne VTEM targets on additional properties (Lon, Squall, Tramping and Jackfish) within the project area based on their conductivity and proximity to underexplored, juvenile arc rocks is in progress. Exploration of priority anomalies will include ground proofing and, if warranted, diamond drilling to determine their VMS potential.
Rockcliff has the exclusive right to earn a 100% interest in the Rail Property from Hudson Bay Exploration and Development Company Limited (HBED), a wholly owned subsidiary of HudBay Minerals Inc. (TSX:HBM). If Rockcliff earns its interest in the Rail Property, HBED will receive a 2% Net Smelter Return Royalty. If Rockcliff earns a 100% interest in the Rail Property, HBED then has a right to acquire up to a 65% interest in the Rail Property. Please refer to the Press Release dated March 23, 2007 for further details.
The drill program will be under the supervision of Peter Wood, P.Eng., P.Geo., VP Exploration of Rockcliff, a qualified person under the definition of National Instrument 43-101.
Rockcliff Resources Inc.
Rockcliff Resources Inc. is a Canadian resource exploration company focused on the Snow Lake VMS Project located in central Manitoba. The project totals in excess of 1,800 km2 and is located within the prolific Flin Flon greenstone belt, one of the most prolific and the largest Paleoproterozoic VMS mining district in the world. The project presently includes five historical copper-rich, VMS deposits (Lon, Rail, Reed, Kof, Sylvia) and numerous additional areas with potential for VMS and nickel-copper mineralization. Rockcliff also controls the Shihan VMS Project located in Northern Ontario.
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Rockcliff undertakes no obligation to update such forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
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