Maiden fieldwork discovers widespread chalcocite dominant vein systems at Expanded Nunavut Rae Cu-Ag-Au Project

25 July 2024

White Cliff Minerals Limited (“WCN” or the “Company”) is pleased to announce that work has commenced at the Rae copper, silver and gold project in Nunavut (“Rae” or the “Project”). Initial visual observations across all sample sites have confirmed numerous vein systems of chalcocite dominant mineralisation across significant strike lengths.

  • Multiple styles of copper mineralisation identified, providing for potential district scale mineralisation:
    • Massive chalcocite veining observed at Cu-Tar
    • Sedimentary hosted copper and replacement mineralisation seen at HALO
    • Native copper within vesicular basalt flow tops discovered at Kilauea.
  • Previous high grade historical locations have been located and samples taken within an expanded vicinity. At all priority targets the identifiable strike length has significantly increased.
  • The HALO vein system now mapped and sampled over more than 440m strike length. Discovery of high grade sediment hosted copper greatly expands prospectivity and tonnage potential of the target.
  • Chalcocite dominant veining observed over a ±400m strike length at the Cu-TAR zone, alongside 3 other chalcocite veins and cemented copper rich breccia. These veins have been sampled along strike until they disappear under shallow cover.
  • The DON target has been identified to host 2 semi-massive chalcocite-bornite veins with over 200m strike length.
  • The PAT target now extended to >400m of outcropping, semi-massive, vein hosted chalcocite-bornite mineralisation.
  • Field evidence at the CALMAL target area where copper bearing hydrothermal fluids observed mineralising the Rae Group sediments. Potential for bulk tonne “Red Bed” copper.
  • Widespread native copper traced over 120 m at the Kilauea target.
  • The MobileMT airborne geophysical survey completed at Great Bear Lake, on time and on budget. Rae survey expected to be completed in the next 5-10 days.
  • First tranche of Assays from Great Bear expected in August.
  • Latest land rush to Nunavut amplifies the first mover strategic advantage that the Company has achieved.