White Cliff Minerals announces high-grade mineralisation at Great Bear Lake Project

White Cliff Minerals Limited (ASX: $WCN) has announced the receipt of extraordinary grade Copper, Gold, and Silver assays from the maiden field program at the Great Bear Lake Project in northern Canada. The initial assays from the Phoenix area have confirmed widespread high-grade precious and base metal mineralisation associated with multiple IOCG and epithermal systems.

Executive Commentary on Great Bear Lake Project Assay Results

This initial batch of rock chip assays from Phoenix, the first project area to be sampled, has delivered outstanding initial 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 4 project areas at Great Bear. This remote and previously underexplored area has turned out to be a much larger metal-rich hydrothermal system than previously thought. Historically seen as a series of sporadic high-grade results, this maiden mapping and sampling program has confirmed for the first time a continuity and significant lateral extent of the known mineralisation. Encouragingly Phoenix, which is only the first of 5 project areas we have received assay results for, shows all the necessary characteristics of a major high-grade discovery with two major IOCG hydrothermal systems less than 2km apart with high-grade epithermal mineralisation interspersed between these two larger areas and along a total strike length of 3.4km. We anticipate continued assays over the coming month from the balance of work undertaken at Great Bear and look forward to the release of these as they come to hand. Importantly, this first field program validates our strategy to pivot to the untapped resources of Canada's far north, in the 'scramble for what's left'. As resource nationalism creates and will continue to create uncertainty over future supply lines, operating in Canada allows us to sleep at night. We are doing what we said we would do - identifying opportunities and delivering results for shareholders and these are fantastic initial results.

Summary of Great Bear Lake Project Assay Results

The assay results from the maiden field program at the Great Bear Lake Project have confirmed widespread high-grade precious and base metal mineralisation associated with multiple IOCG and epithermal systems. The initial assays from the Phoenix area have not only confirmed historical results and sample locations but have also expanded the area of known mineralisation at the project. The company expresses great optimism regarding the other project areas at Great Bear. The remote and previously underexplored area has revealed a much larger metal-rich hydrothermal system than previously thought. The first field program has validated the company's strategy to pivot to the untapped resources of Canada's far north. The company anticipates continued assays over the coming month from the balance of work undertaken at Great Bear and looks forward to the release of these results. The Great Bear Lake Project, located in northern Canada, covers an area of 2900km2 and is recognized as a significant source of uranium, making it one of Canada's largest uranium mining districts. The project has a rich production history and is valued by historic miners, explorers, and the Northwest Territories Geosciences Office as having the highest potential for large-scale IOCG and uranium style mineralisation in Canada.