Rockcliff Metals Corporation has entered into a letter of intent to be followed by an option agreement with KG Exploration which is an affiliate of Kinross Gold Corporation. This relates to Rockcliff’s high grade Laguna and Lucky Jack Gold Properties in Snow Lake which are centered within the historic Herb Lake Gold Camp.
The Letter provides Kinross with the right to earn 70 percent interest in both properties by spending a minimum of 5.5 million dollars in exploration expenditures over six years.
Rockcliff President Ken Lapierre states to enter into an agreement with a major gold miner like Kinross and have them spend their money on our properties is a true testament to the excellent exploration and discovery potential of these gold assets. The exploration plans at the Laguna and Lucky Jack Gold Properties are anticipated to be completed in the spring in time for the summer drilling season.