DGAP-News: Rockcliff Metals Corporation: Rockcliff Continues to Strengthen Snow Lake Land Position


Nachricht vom 11.06.201911.06.2019 (www.4investors.de) -


DGAP-News: Rockcliff Metals Corporation / Key word(s): Miscellaneous

Rockcliff Metals Corporation: Rockcliff Continues to Strengthen Snow Lake Land Position
11.06.2019 / 07:45


The issuer is solely responsible for the content of this announcement.
FOR IMMEDIATE RELEASE

Rockcliff Continues to Strengthen Snow Lake Land Position

Toronto, ON - June 10, 2019 - Rockcliff Metals Corporation ("Rockcliff" or the "Company") (CSE: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce the strategic acquisition of two additional properties augmenting its already extensive property portfolio located in the Snow Lake region of Manitoba. The SLS #5 Property, approximately 25,714 hectares in size, ties onto the Company's existing SLS #1 Property. The Danlee Copper Property, which covers a total of 80 hectares, is surrounded by the Company's SLS#1 Property and hosts copper and zinc stringers as well as massive sulphide of Volcanogenic Massive Sulphide (VMS) origin.

Rockcliff's President & CEO Alistair Ross commented: "the acquisition of these two properties, in this world class camp, is part of our long-term strategy of organic growth as we transition into an integrated development and exploration company with our fully permitted 1,000 tpd processing facility. Rockcliff now controls approximately 3,250 square kilometres of contiguous favourable geology under a thin cover of limestone with significant VMS discovery potential. We look forward to continuing our significant exploration initiative in this highly prospective area of the belt as we concurrently advance our high-grade development projects."

Please refer to Figure 1 which highlights the strategic location of the projects in Rockcliff's extensive property portfolio including the recently acquired, large district-size, SLS #1 to SLS #5 properties.

SLS #5 Property

The 100% owned SLS #5 Property was mapped staked and hosts two Mineral Exploration Licenses totalling over 25,714 hectares. It is strategically located in an area along the west portion of the Snow Lake South Emerging Mining Camp. The SLS #5 Property hosts favourable geology for VMS mineralization located under a thin Phanerozoic limestone cover. The SLS #5 Property covers an area hosting the southeast extension of the prolific, world-class, Flin Flon-Snow Lake greenstone belt. The belt is home to over 30 VMS mines and 10 gold mines, the majority of which were discovered north of the Phanerozoic limestone cover where favourable VMS rocks were exposed at surface. Though this limestone cover had impeded earlier exploration efforts, modern scientific advances in geophysical techniques have allowed a "window effect" through the limestone cover such that potential VMS targets can now be more easily identified.

Danlee Copper Property

The Danlee Copper Property is strategically surrounded by Rockcliff's SLS#1 Property. Limited drilling, completed decades ago, intersected several zones of VMS mineralization. Significant mineralization included:

- 0.8% copper across 14.3 metres in a stringer zone

- 2.2% zinc across 4.0 metres in a stringer zone

- 3.1% copper and 2.3% zinc across 0.4 metres in a massive sulphide exhalite zone

Rockcliff acquired its 100% interest in the Danlee Property for cash consideration of $20,000 and 200,000 shares of Rockcliff. The vendor retains a 2% Net Smelter Royalty (NSR). Rockcliff can purchase 50% of the NSR at a cost of $500,000 for each ½% of the NSR. Rockcliff has a right of first refusal on the remaining 1% NSR.

Figure 1: Rockcliff's Complete Property Portfolio (in purple) Including the Newly Acquired SLS #5 Property and the Danlee Copper Property which is surrounded by the SLS #1 Property
Don Christie, a long-standing director of the Company has been appointed non-executive Chair of the Board of Directors. Mr. Christie stated "the collective expertise of Rockcliff's Board when partnered with the project development and exploration expertise of the Company's seasoned management team will allow Rockcliff to fully realize the potential of its extensive portfolio of projects. Rockcliff has significant balance sheet strength, a Canadian dollar cost structure and operates in a world class mining jurisdiction. I look forward to the opportunity of working with the Company's Board and management team as we unlock significant value for Rockcliff's shareholders".

Mr. Christie and the three non-executive directors of Rockcliff were granted a total of 5,250,000 stock options exercisable at $0.15 per share for five years. The options vest over eighteen months and, under the rules of the Canadian Securities Exchange, are subject to a four month hold period.

Ken Lapierre P.Geo., Vice-President Exploration of Rockcliff, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.About Rockcliff Metals Corporation

Rockcliff is a well-funded Canadian resource development and exploration company with approximately $28 million in cash, a fully functional +1000 tpd permitted leased processing and tailings facility as well as several advanced stage high-grade copper and zinc dominant VMS deposits in the Snow Lake area of Manitoba. The Company is continuing the permitting process for its 100% owned Tower copper project which it expects to be completed by Q4 of this year. Rockcliff is a major landholder in the Flin Flon-Snow Lake greenstone camp, home to the largest Paleoproterozoic VMS district in the world, hosting mines and deposits containing copper, zinc, gold and silver. The Company's extensive portfolio of properties totals over 4,400 square kilometres and includes eight of the highest-grade, undeveloped VMS deposits and five lode-gold properties held by Goldpath Resources Corp., a wholly-owned subsidiary of Rockcliff, including the historic Rex-Laguna gold mine, Manitoba's first and highest-grade gold mine.

For more information, please visit http://rockcliffmetals.com.
Twitter: @RockcliffMetals
Facebook: Rockcliff Metals Corporation

For further information please contact:
Rockcliff Metals Corporation CHF Capital Markets
Alistair Ross, President & CEO Cathy Hume, CEO
(705) 507-4251 Off: (416) 868-1079 ext. 231
aross@rockcliffmetals.com cathy@chfir.comCautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking. Although Rockcliff believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release. The CSE does not accept responsibility for the adequacy or accuracy of this press release.












11.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de



822221  11.06.2019 











Aktuelle Nachrichten aus der 4investors-Redaktion

14.06.2019 - Traton: Der nächste Schritt zur Erstnotiz
14.06.2019 - Nel: Kommen Terror oder Vandalismus als Ursache in Betracht?
14.06.2019 - Wirecard: Die nächste Runde startet
14.06.2019 - CropEnergies: Prognose wird präziser
14.06.2019 - Morphosys: Neue Studiendaten von Janssen
14.06.2019 - Hapag-Lloyd: Vorzeitige Rückzahlung geplant
14.06.2019 - Nanogate kümmert sich um Kaffeemaschinen
14.06.2019 - PNE: Windpark läuft
14.06.2019 - German Startups Group: Exozet im Fokus
14.06.2019 - CytoTools setzt auf neue Wirkstoffkandidaten


Chartanalysen

14.06.2019 - Wirecard Aktie: Der Kessel brodelt!
14.06.2019 - SFC Energy Aktie: Nächste Haussebewegung voraus?
13.06.2019 - Wirecard Aktie: Auf diese News wartet die Börse…
13.06.2019 - Steinhoff Aktie: Zocken auf die Zahlen?
13.06.2019 - Nel Aktie auf Crash-Kurs: Auch das gehört zur Wahrheit!
12.06.2019 - Commerzbank Aktie: Achtung, Tradingchance?
12.06.2019 - Wirecard Aktie: Das könnte heute ein sehr wichtiger Tag werden!
12.06.2019 - Steinhoff Aktie: Tut sich hier endlich was?
11.06.2019 - TUI Aktie: Achtung, hier tut sich was!
11.06.2019 - Nel Aktie: Kommt der nächste Einbruch…?


Analystenschätzungen

14.06.2019 - Metro: Kurs schlägt Kursziel
14.06.2019 - Linde: Viel Potenzial beim Kursziel der Aktie
14.06.2019 - BASF: Kaufempfehlung fällt weg
14.06.2019 - Rheinmetall: Aktie wird abgestuft
14.06.2019 - HHLA: Einer der Gewinner
14.06.2019 - Lufthansa: Kapitalmarkttag rückt näher
14.06.2019 - Volkswagen: Staunen über die Traton-Bewertung
14.06.2019 - Salzgitter: Aurubis schlägt durch
13.06.2019 - Telefonica Deutschland: Unzufrieden mit dem Preis
13.06.2019 - 1&1 Drillisch: Viele Kaufempfehlungen nach der Auktion


Kolumnen

13.06.2019 - Apple Aktie: Zurück im Aufwärtstrend? - UBS Kolumne
13.06.2019 - DAX: Rücklauf an Abwärtstrendlinie - UBS Kolumne
13.06.2019 - DAX: Nord Stream 2, Trump don´t like - Donner & Reuschel Kolumne
12.06.2019 - DAX: Seitwärts bis zum G20 Treffen?! - Donner & Reuschel Kolumne
12.06.2019 - Noxxon: „Wir stellen die Finanzierung der nächsten klinischen Studien sicher“
11.06.2019 - S&P 500: Bearishe Tageskerze an der 2.900 Punkte-Marke - UBS Kolumne
11.06.2019 - DAX: Die 12.200 Punkte-Marke im Blick - UBS Kolumne
07.06.2019 - USA: Das Rätsel des niedrigen Lohnwachstums - Nord LB Kolumne
07.06.2019 - USA: Schwacher Arbeitsmarkt – Zollstreitigkeiten belasten
07.06.2019 - Privatplatzierungen nach Maß - DZ Bank Kolumne