Rockcliff Metals Corporation has announced the results of a Preliminary Economic Assessment for their Tower and Rail Project in the Snow Lake area. The assessment indicates the Project has the potential to generate positive economic returns through its extremely low capital intensity and low operating costs validating the development strategy pursued by the Company. President and CEO Alistair Ross says the PEA envisions developing the Tower Deposit in parallel with the refurbishment of the leased Bucko Mill facility followed by the development of the Rail Deposit resulting in a combined life of mine of seven years. He says clearly they need a bit more resource to really hit the home run and what he’s excited to say is they’ve got a lot of targets out there to look at and they’ll be putting a work plan together to share with the Board so they can get to work early in the new year on exactly where those resources can be added. He notes clearly the targets around Tower have not yet been exhausted and Rail is open in a few directions.
Ross adds the overall results provide Rockcliff with exiting opportunities to further assess its extensive property portfolio including five other named deposits and help prioritize a large number of exploration targets yet to be tested.