White Cliff Minerals Quarterly Activities and Cashflow Report for the quarter ended 30 June 2024
31 July 2024
HIGHLIGHTS
A total of 4 large IOCG hydrothermal systems now identified and sampled within the Great Bear Lake Project area, all prospects are visibly mineralised with chalcopyrite +/- bornite and associated copper secondary minerals.
New discoveries at Great Bear include the Glacier prospect, a large outcropping IOCG mineralised system identified over more than 1,100m of strike to date, 1km northeast of the historic Echo Bay Mine.
First tranche of 95 samples from Great Bear dispatched to ALS Laboratories in Yellowknife, with results expected in August.
Secured up to an additional 63 square km’s of highly prospective licenses covering newly available ground at the Nunavut Cu-Ag-Au project area. These new granted licences cover several significant areas of anomalous Cu-Ag-Au
At Reedy South, the Company has completed a reverse circulation drilling program at Reedy South’s Pegasus prospect, completing 11 drill holes for about 1,500 metres. Drilling has confirmed continuity of mineralisation not only proximal to the existing JORC Mineral Resource but laterally along strike and at depth. Best result 70m at 1g/t gold
Post the end of Quarter, the Company commenced work 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.
This field observation provides the first direct evidence of extensive high grade sedimentary hosted “red bed” copper on Company ground, something not previously observed by historical exploration. 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.
Appointment of Mr. Troy Whittaker as Managing Director of the Company. Mr. Eric Sondergaard was appointed as Executive Director focusing on the Company’s Canadian assets.
Appointment of Mr. John Hancock as Strategic Advisor of the Company post the end of the Quarter.
CAD$168,000 grant has been received from the Canadian Government to be applied towards further exploration activities at Great Bear Lake U-Cu-Au-Ag and Nunavut Rae Cu-Ag-Au Projects.
Cash and cash equivalents of $3.87 million as of the end of June 2024.
