White Cliff Minerals (ASX:WCN) reports extraordinary high-grade copper, gold, and silver assay results from Great Bear Lake Project
August 13, 2024White Cliff Minerals (ASX:WCN) has announced remarkable high-grade assay results from its maiden field program at the Great Bear Lake Project in northern Canada.
The initial assays from the Phoenix area, one of six major project areas sampled, have unveiled extraordinary concentrations of copper, gold, and silver, underscoring the vast potential of this previously underexplored region.
The Great Bear Lake Project is situated within a historically rich mining district known for its significant production of uranium, silver, and copper.
White Cliff Minerals‘ recent discovery adds a new chapter to this storied region, highlighting the potential for large-scale, high-grade mineralisation across a broad area.
The results not only confirm historical data but also significantly expand the known zones of mineralisation, setting the stage for what could be a major high-grade discovery.
The first batch of rock chip assays has yielded exceptional results, including:
- 42.6% Copper (Cu)
- 38.2g/t Gold (Au)
- 310g/t Silver (Ag)
These assays were obtained from the Phoenix area, a district-scale mineralised region within the Great Bear Lake Project and the results are significant as they confirm the presence of widespread, high-grade mineralisation across multiple IOCG (Iron Oxide Copper Gold) and epithermal systems.
The mineralisation has been identified along a 3.4km east-west structural corridor, with high-grade copper, gold, and silver confirmed in several locations.
Key highlights from the Phoenix area include a 1.1km intensely mineralised structure with results such as 39.5% Cu, 2.28g/t Au, and 181g/t Ag.
Additionally, a broad outcropping epithermal alteration zone returned 6.31% Cu and 28.2g/t Ag, indicating the presence of substantial mineralisation across the area.
The significance of these findings extends beyond just the grades, assay results have expanded the known areas of mineralisation and have identified new targets for exploration, providing a clear path forward for White Cliff Minerals as they continue to explore the Great Bear Lake Project.
Troy Whittaker, Managing Director of White Cliff Minerals, expressed his enthusiasm about the discovery: “This initial batch of rock chip assays from Phoenix has delivered outstanding results. Not only have we confirmed the historical results and sample locations, but we have expanded the area of known mineralisation at the project. This first success gives us great optimism regarding the other project areas at Great Bear. We are doing what we said we would do—identifying opportunities and delivering results for shareholders.”
As White Cliff Minerals awaits further assay results from additional project areas within the Great Bear Lake Project, the company is poised to continue its exploration efforts, driven by the promising indications of this initial batch of assays.
This discovery not only validates White Cliff’s exploration strategy but also positions the company as a key player in the ongoing development of Canada’s far north, an area with untapped mineral wealth.
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