Rockcliff Copper Corp. (TSXV:RCU) announced the completion of an initial NI 43-101 inferred mineral resource estimate for the Talbot deposit, located at its Manitoba-based Talbot property.
- CIM definitions were followed for the estimation of Mineral Resources.
- Mineral resources are estimated at a cut-off grade of $140 Net Smelter Return (NSR) (equivalent to a copper NSR cut-off of 2.0%) using metal prices, estimated recoveries and offsite payments.
- Mineral Resources are estimated using a long-term copper price of US$3.50 per pound, gold price of US$1450 per ounce, zinc price of US$1.25 per pound and silver price of US$22 per ounce.
- An US$/C$exchange rate of 1.18 was used.
- A minimum mining width of 2 m was used.
- The average bulk density is 3.2t per cubic meter.
- Numbers may not add due to rounding.
- Given the tonnage, grade and orientation of the deposit, RPA considers the Talbot Deposit to be reasonably amenable to extraction using underground mining methods.
- Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
Ken Lapierre, president and CEO of Rockcliff Copper, commented:
The initial Mineral Resource Estimate on the Talbot Deposit is encouraging and the work completed to date on the property demonstrates the potential to host several high grade VMS deposits rich in copper, gold, zinc and silver. The deposit remains open to the north and at depth, has high copper, gold, zinc and silver grades, is hosted in multiple lenses and has the potential for expansion with additional drilling. Additional work in 2016 will attempt to upgrade and expand the present deposit resource, to determine the significance of the newly discovered North Copper Zone located 2.5km north of the deposit and to define the potential of the Central Target located 2.0km southeast of the deposit.
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