White Cliff Minerals Limited (ASX: $WCN) has announced the discovery of widespread IOCG-U polymetallic mineralisation during the maiden fieldwork program at its Great Bear Lake U-Cu-Au-Ag Project in northern Canada. The ongoing heli-supported field observations have confirmed the presence of widespread high-grade IOCG and epithermal mineralisation, with new discoveries including the Glacier prospect, Mile Lake, Rust, crystalline herringbone-wire native silver occurrence, historic Thompson outcrop, historic Spud Bay, and Sparkplug. The first batch of 95 samples has been dispatched to ALS Laboratories in Yellowknife for assay results, and works associated with MobileMT, the heli-mounted latest aerial technology for the collection of magnetic and conductivity data, have commenced and continue. Additionally, the Canadian Government has granted CAD$168,000 to be applied towards further exploration activities at Great Bear Lake U-Cu-Au-Ag and Nunavut Cu-Ag-Au Projects.
Finally, we are on the ground! We could not be any more impressed with what we have seen in such a short period of time. This Project is clearly under-explored with new potential discoveries having been made continuously and immediately. This, coupled with confirmation of the historic mineralised trends at Spud Bay and Thompson really impresses the potential for district scale opportunity across a polymetallic suite of minerals. The first batch of samples have already been dispatched to the labs and we are looking forward to those results in the next month or so; those results we hope will validate our expectations and also provide us with further potential upside for precious metal contents not visible in the field. We look forward to update further with relation to Great Bear Lake exploration activities along with our highly anticipated program at Nunavut.
White Cliff Minerals Limited (ASX: $WCN) has made significant discoveries during its maiden fieldwork program at the Great Bear Lake U-Cu-Au-Ag Project in northern Canada. The visual observation of widespread high-grade IOCG and epithermal mineralisation, along with the identification of new prospects such as the Glacier, Mile Lake, Rust, crystalline herringbone-wire native silver occurrence, historic Thompson outcrop, historic Spud Bay, and Sparkplug, demonstrates the under-explored potential of the Project. The dispatch of samples for assay results and the commencement of works associated with MobileMT indicate the company's commitment to further exploration. The grant received from the Canadian Government is expected to support these exploration activities. The company anticipates the assay results to validate their expectations and provide potential upside for precious metal contents not visible in the field. The discoveries and ongoing exploration activities position the company for district scale opportunity across a polymetallic suite of minerals, with further updates to follow as exploration activities continue at Great Bear Lake and Nunavut.