Local News

Rockcliff Has Completed an Option Agreement With Hudbay.

Rockcliff Metals Corporation has completed the required expenditures for them to earn a one hundred percent interest in the Bur property near Snow Lake.  This property hosts the Bur zinc copper deposit.

              Rockcliff has incurred over three million dollars in expenditures to earn its one hundred percent interest.  Hudbay has a twelve month back-in right that expires in August of 2021.  That would give Hudbay the right to re-acquire a seventy percent ownership interest in the property by making cash payments to Rockcliff totaling three million dollars plus two times the amount of expenditures incurred by Rockcliff during the back-in waiting period to a maximum of one point five million dollars.  If Hudbay does not exercise its back-in right Rockcliff as the operator will pay two percent of Net Smelter Return Royalty from the date of commencement of commercial production.

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