Multiple High-Grade Gold Zones At Berry Creek Gold Property

 

TORONTO - Rockcliff Metals Corporation reported the occurrence of several high-grade surface gold zones on its Berry Creek Gold Property in Snow Lake, Manitoba.  The Berry Creek Gold Property is strategically located within the Snow Lake mining camp and less than 5 kilometers by road from a 2000 tpd gold mill facility.  It is part of the world-class Flin Flon-Snow Lake greenstone belt which is home to over 100 years of mining of base metals (copper and zinc) and gold.

Ken Lapierre, President and CEO of the Company, said, “We acquired the Berry Creek Gold Property initially for its low-grade, large tonnage potential and are very pleased to have confirmed that high-grade gold-rich shear zones over appreciable thicknesses are also associated within the host Sneath Lake intrusion.  In light of the high-grade potential uncovered on this property to date, we look forward to advancing this gold asset more aggressively in the coming months.  Results such as this highlight the opportunity for discovery across our sizeable base metal and gold property portfolio within the Flin Flon-Snow Lake greenstone belt.” 

A total of 60 surface grab samples were collected from multiple shear zones over a small area on the northeast part of the property, including 30 from historic trenches and 30 from reconnaissance prospecting.  Visible gold was detected in several locations. 

Field activities conducted by Rockcliff on the Berry Creek Gold Property confirmed the presence of significant gold mineralization associated with the Sneath Lake intrusion and along a portion of the Berry Creek Fault Zone and its subsidiary fault splays. Within the Berry Creek Gold Property limits, the Sneath Lake intrusion has a strike length of approximately 15 kilometers by up to 4 kilometers wide.  Gold mineralization is associated with quartz-hosted shear zones within the Sneath Lake intrusion and is also hosted in the intrusion itself.  These gold-bearing shear zones occurred over thicknesses ranging from 0.5 meters up to 7.0 meters and were followed intermittently for up to 250 meters along strike. Sulphides commonly include pyrite, arsenopyrite and less commonly pyrrhotite, chalcopyrite, bornite, sphalerite, chrysocolla, malachite, galena and visible gold.

Additional exploration on the Berry Creek Gold Property will look to extend known areas of gold mineralization associated with the Sneath Lake intrusion and determine the significance of the gold mineralization on the Property.

Rockcliff can acquire a 100% interest in the Berry Creek Gold Property by paying the owner an aggregate of $140,000 cash over a three-year period including $35,000 on signing (completed) and $35,000 annually in three equal payments.  Expenditure requirements to keep the option in good standing over five years total $500,000 with a minimum $75,000 expenditure requirement in any year. The owner will retain a 2.0% Net Smelter Royalty (NSR) on the Berry Creek Gold Property of which 1.0% NSR can be purchased at any time for $500,000 per 0.5% NSR.  The owner’s remaining NSR will be subject to a right of first refusal in favor of Rockcliff.