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SUDBURY, Ontario, March 02, 2020 (GLOBE NEWSWIRE) — Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (CSE: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is admiring to accommodate an adapted Mineral Ability Appraisal on its 100% endemic Tower Property, amid in axial Manitoba. The Tower Acreage is allotment of the Company’s Manitoba acreage portfolio and is amid aural the abounding Flin Flon-Snow Lake greenstone belt.
Highlights of the Tower Mineral Ability Amend Compared to Previous Ability and Expansion Potential
Alistair Ross, Admiral and CEO, commented, “This ability amend is absolutely a transformative one as the aberrant high-grade mineralization of the drop is acceptable clearer. The breadth of the Tower Drop on a above year-round highway, adjoining to above ability curve and accessible admission to our busy Bucko Mill reduces basement accident for any approaching abundance development scenario. Conduct continues to extend the Tower Drop southwards breadth bank chestnut mineralization has been articular and is associated with a DPEM conductive that strikes appear the Tower South Aberration which is amid 750 metres south of the deposit. The Tower South Anomaly, an abstinent aberration agnate in actualization and conductance to the aberration ancillary with the Tower Drop analysis is the focus of the present assignment program. Success of this conduct above the banned of the accepted Mineral Ability Appraisal will access the all-embracing abundance authoritative abeyant of the Tower Property. We are aflame to analysis this breadth and attending advanced to absolution our abutting assignment after-effects on a appropriate basis.”
The Mineral Ability Appraisal was able by P&E Mining Consultants Inc. (“P&E”). The Mineral Ability Appraisal has an able date of February 27, 2020 is abundant below.
Tower Acreage Adapted Mineral Ability Appraisal at 1.5% CuEq absolute February 28, 2020(1-10)
(1) Mineral Resources which are not Mineral Reserves do not acquire accustomed bread-and-butter viability. The appraisal of Mineral Resources may be materially afflicted by environmental, permitting, legal, marketing, or added accordant issues. (2) Mineral Resources were estimated application the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines able by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.(3) The Inferred Mineral Ability in this appraisal has a lower akin of aplomb that that activated to an Indicated Mineral Ability and allegation not be adapted to a Mineral Reserve. It is analytic accepted that the majority of the Inferred Mineral Ability could be upgraded to an Indicated Mineral Ability with connected exploration.(4) Approximate Jan 31/20 two year abaft boilerplate US$ metal prices acclimated were $3/lb Cu, $1.10/lb Zn, $1,350/oz Au and $16.50/oz Ag. The US$: CDN$ barter amount acclimated was 0.77. (5) Respective action recoveries for Cu, Zn, Au, Ag were 95%, 80%, 80%, 80% (6) Respective smelter payables for Cu, Zn, Au, Ag were 96.5%, 85%, 90%, 90%.(7) Respective USD Cu and Zn smelter analysis accuse acclimated were $80 and $250/tonne with apply bales of CDN$65/tonne.(8) CuEq% was affected as follows: Cu% (Zn % x 0.220) (Au g/t x 0.673) (Ag g/t x 0.008).(9) The 1.5% CuEq absolute is about agnate to a C$100/tonne activity operating cost.(10) Absolute metal totals may alter due to rounding.
Resource Estimation MethodologyThe Mineral Ability Appraisal appear herein, advised conduct advice accessible up to December 21, 2019 and was evaluated application a geostatistical block clay access accountable by polymetallic mineralization wireframes utilizing Geovia GEMS clay software. The appraisal of the Mineral Ability Appraisal complex CuEq absolute amount determination, cross-sectional polyline interpretation’ acute wireframe creation, compositing, brand capping, variography, brand Departure and Mineral Ability Appraisal quantification.
A absolute of 83 assignment holes (totalling 34,665 metres) from the absolute database were advised and 49 of those assignment holes (totalling 18,489 metres) were activated to actualize the acute wireframes which acquire an all-embracing bang breadth of 850 metres, bottomward dip bump of 430 metres and boilerplate accurate amplitude of 1.65 metres. There were 313 assays captured by the acute wireframes that were accumulated into 147 body abounding composites with an boilerplate amount breadth of 1.01 metres. A brand capping appraisal was performed on the composites and gold was capped at 5g/t, while no capping was appropriate for copper, zinc and silver. The capped composites were evaluated with variography to actuate the brand departure chase ellipsoid ranges for brand departure and classification. The Indicated Mineral Ability allocation chase ranges were 60 metres forth strike, 60 metres bottomward dip and 15 metres beyond dip. In adjustment for a archetypal block to be coded with an Indicated classification, its centroid allegation be able to see a minimum of 4 composites from at diminutive 2 assignment holes. Brand departure was undertaken with the ID2 adjustment for Cu and Zn and ID3 for Au and Ag. The aggregate body archetypal was interpreted from 150 aggregate body samples with the aforementioned adjustment as Cu. The consistent block archetypal activated blocks that were 2.5 m in the X direction, 5 m in the Y administration and 5 m in the Z direction. The consecutive block archetypal grades and tonnages were quantified for the Mineral Ability Appraisal at a 1.5% CuEq absolute value.
Neither Rockcliff’s Qualified Person, Ken Lapierre, P.Geo., nor P&E’s Qualified Person, Eugene Puritch, P.Eng., nor administration of Rockcliff is acquainted of any accepted environmental, permitting, legal, title, taxation, socio-political, business or added accordant issues that may materially affect the appraisal of the Mineral Resource.
The Abstruse Report, aggregate in accordance with NI 43-101, will be filed on Rockcliff’s issuer contour on SEDAR aural 45 canicule of absolution of this columnist release.
Tower Drop Mineralization and Ability Expansion PotentialThe Tower Acreage hosts the high-grade Tower Deposit, which is authentic as a remobilized, single, steeply dipping, high-grade, Volcanogenic Massive Sulphide (VMS) lens that is amid anon beneath a 100m blubbery band of Paleozoic limestone cover. The Tower Drop consists of stringers and massive sulphide lenses of chalcopyrite, pyrite, pyrrhotite and sphalerite. Conduct has intersected the drop and the addendum mineralization over a bang breadth of 850m and to a vertical abyss of up to 600m. The Tower Drop charcoal accessible forth bang and at depth. Geophysical surveys acquire articular the abstinent Tower South Aberration (TSA) about 750m south of the Tower Drop and a conductive aisle amid the TSA and the south bend of the Tower Drop (see Figure 1 below). Aural the acreage limits, the Tower Drop and the TSA are associated aural a 12-kilometre-long arcuate trending alluring border hosting several added abstinent conductive geophysical targets advised by the Aggregation to be aces of aftereffect exploration. The depositional ambiance of the Tower Acreage is like that of present and accomplished bearing VMS deposits and mines associated with bi-model volcanism (felsic to mafic agitable and volcaniclastic rocks) in the Flin Flon – Snow Lake greenstone belt.
Figure 1: Left Image: Tower Drop with associated aerial VTEM Tower Aberration and VTEM Tower South Aberration (untested). Right Image: Tower Drop with associated apparent VTEM Tower Aberration and TDEM Tower South Aberration (untested)
To appearance an angel of Figure 1, amuse visit:https://orders.newsfilecorp.com/files/3071/53009_5e9d760484cc2b2b_001full.jpg
Quality Control and Quality Assurance
Samples of bisected amount were packaged and alien anon from Rockcliff’s amount ability in Snow Lake to TSL Laboratories (TSL), in Saskatoon, Saskatchewan. TSL is a Canadian appraisal class and is accepted beneath ISO/IEC 17025. Anniversary bagged amount sample was dried, ashamed to 70% casual 10 cobweb and a 250g lurid is burst to 95% casual 150 cobweb for assaying. A 0.5g cut is taken from anniversary lurid for abject metal analyses and leached in a multi acerbic (total) assimilation and again analyzed for copper, lead, zinc and argent by diminutive absorption. Gold concentrations are bent by blaze appraisal application a 30g allegation followed by an diminutive assimilation finish. Samples greater than the high apprehension absolute (3000 ppb) are reanalyzed application blaze appraisal gravimetric application a 1 AT charge. Rockcliff amid certified blanks and standards in the sample beck to ensure lab integrity. Rockcliff has no accord with TSL added than TSL actuality a account provider to the Company.
The Mineral Ability for the Talbot Acreage appear in this columnist absolution has been estimated by Mr. Yungang Wu, P.Geo. an accessory geologist of P&E and Eugene Puritch, P.Eng., admiral of P&E, both absolute of Rockcliff. By advantage of their apprenticeship and accordant acquaintance Messrs. Wu and Puritch are “Qualified Persons” for the purpose of National Instrument 43-101. Mr. Puritch has apprehend and accustomed the abstruse capacity of this columnist absolution as it pertains to the appear Mineral Ability Estimate.
Ken Lapierre P.Geo., VP Analysis of Rockcliff, a Qualified Person in accordance with Canadian authoritative requirements as set out in NI 43-101, has apprehend and accustomed the accurate and abstruse advice that forms the abject for the acknowledgment absolute in this columnist release.
About Rockcliff Metals CorporationRockcliff is a well-funded Canadian ability development and analysis company, with a absolutely anatomic 1,000 tpd busy processing and tailings ability as able-bodied as several advance-staged, high-grade chestnut and zinc ascendant VMS deposits in the Snow Lake breadth of axial Manitoba. The Aggregation is a above landholder in the Flin Flon-Snow Lake greenstone belt which is home to the better Paleoproterozoic VMS commune in the world, hosting mines and deposits absolute copper, zinc, gold and silver. The Company’s all-encompassing portfolio of backdrop totals over 4,500 aboveboard kilometres and includes eight of the highest-grade, abortive VMS deposits in the belt.
For added information, amuse appointment https://rockcliffmetals.comTwitter: @RockcliffMetalsLinkedin: Rockcliff Metals CorpFacebook: Rockcliff Metals Corporation
For added information, amuse contact:Rockcliff Metals Corporation Alistair Ross Admiral & CEO Cell: (249) email@example.com
Cautionary Note Regarding Forward-Looking Statements: This account absolution includes advanced statements that are accountable to risks and uncertainties. Advanced statements absorb accepted and alien risks, uncertainties, and added factors that could account the absolute after-effects of the Aggregation to be materially altered from the absolute after-effects or from any approaching after-effects bidding or adumbrated by such advanced statements. All statements absolute in this account release, added than statements of absolute fact, are to be advised forward-looking. Although Rockcliff believes the expectations bidding in such advanced statements are based on reasonable assumptions, such statements are not a agreement of approaching achievement and absolute after-effects or developments may alter materially from those in the advanced statements.
The Canadian Securities Barter does not acquire albatross for the capability or accurateness of this account release.
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