Local News

Rockcliff is Moving Forward With its Properties Near Snow Lake.

Rockcliff Metals Corporation has announced the results of its Preliminary Economic Assessment for their Tower and Rail Project in the Snow Lake Area.  Interim President Ken Lapierre commented they are delighted with the excellent results of this PEA that clearly demonstrates a traditional mining scenario is a legitimate path forward for both the Tower and Rail Deposits.  He notes the results are robust highlighted by an 81 million dollar capital investment generating after tax net present value of 128.6 million and 67 percent internal rate of return.  He adds the short 12 month payback period from a 9.5 year life of mine generates an approximate 12 thousand copper equivalent tonnes per year at an all in sustaining cost of $2.46 US per pound copper. 

             

Lapierre reports both deposits remain open with a real possibility of adding mineral resources to extend the life of mine adding an additional pipeline of four deposits at various stages of exploration and an extensive portfolio of ground in and around the Snow Lake Mining Camp bodes well for the future of Rockcliff.

 

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