Further IOCG, Copper and Epithermal Mineralisation Discovered at Great Bear Lake U-Cu-Ag-Au Project

18 July 2024

Works commence at Nunavut Cu-Ag-Au Project

White Cliff Minerals Limited (“the Company”) is pleased to announce that further widespread, IOCG-U polymetallic, mineralisation has been visually observed during the maiden fieldwork program at the 100% owned Great Bear Lake U-Cu-Au-Ag Project in northern Canada and that works have now commenced at the 100% owned Nunavut Cu-Ag-Au Project.

Highlights:

  • A total of 4 large IOCG hydrothermal systems now identified and sampled within the Project area, all prospects are visibly mineralised with chalcopyrite +/- bornite and associated copper secondary minerals
  • Newly discovered “Cleaver” project, a broad zone of chalcopyrite bearing alteration at surface indicating a large and fertile IOCG system is in place.
  • Cleaver includes large scale deep seated structures with widespread earthy hematite alteration (including Uranium up to 4000 counts per second (CPS)) and secondary copper
  • Further groundwork at Spud Bay (north) has identified widespread copper mineralisation along a structural corridor that can be traced for 450m N/S before disappearing under cover that including surficial bornite
  • This newly identified structure at Spud Bay adds to the existing 700 m E/W trend and native silver occurrence discovered just 530 meters along strike from the historic Bonanza and El Bonanza silver mines
  • The Company’s subcontractor Expert Geophysics has completed the MobileMT airborne geophysical program at Great Bear Lake and has now mobilised and will commence work at the Nunavut Cu-Ag-Au Project.
  • Assay results from the sampling program to follow with all samples now with the Laboratories for multi-element analysis with results expected in the coming weeks

“The IOCG potential of this project continues to grow. As we have seen from this latest round of exploration, we continue to discover targets that represent newly identified, spatially separate mineralised systems, indicating the opportunity for multiple discoveries.

The completion of MobileMT survey delivers another significant milestone for stakeholders. The Data returned from this detailed survey is expected to work well given the outcropping mineralisation fresh rock and lack of overburden. We will, integrate this information into our planning and in conjunction with the field observations and having a clear understanding of the topography and local onsite conditions we will have a complete and detailed understanding in readiness for our upcoming drilling campaign and various site visits that are planned.

Adding to the excitement of these discoveries at Great Bear Lake - works will shortly commence in Nunavut where we are targeting high-grade, volcanic hosted copper-silver lodes which are prospective for high grade vein fill and bulk tonne sedimentary hosted copper deposits. To date we have executed a seamless and zero injury first pass programme at Great Bear thanks to our highly professional consultants as well as our staff. Next is planning and preparations for drilling at Great Bear and the completion of the first pass field activities and surveys at Nunavut. All in all things could not have gone better and we look forward to drilling later this season”

Troy Whittaker - Managing Director

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