Rockcliff Metals Corporation has announced Hudbay Minerals has exercised its buy back right to acquire an additional two percent ownership interest in their Talbot Project near Snow Lake.  Hudbay now owns 51 percent of the Project and Rockcliff 49 percent and Hudbay will now become the operator of the Project.  Hudbay acquired the two percent ownership interest with a cash payment of just under 726 thousand dollars.

 Rockcliff President Allistair Ross says Hudbays decision further validates Talbot’s potential value.  He explains clearly the fact they want Rockcliff back in their portfolio means that when the project does get developed the way that the option agreement folding into a joint venture agreement in due course is they would co-share their funding of the study on it and when it gets to a production decision stage and goes into potential construction Hudbay actually carries the full capital cost of the development for the mine and Rockcliff would end up with a retained 35 percent interest of the mine going forward from there.

Ross adds the work performed by Rockcliff over the past six years to advance their understanding of the Talbot Deposit has demonstrated the significant potential of it becoming a producing mine.