This is an excerpt from The West Australian dated 12/1/24 (before todays announcement)
Fingers crossed this company wakes up from being a lifestyle company.
Critical mineral quest opens up vast Nunavut expanse
Late last year, White Cliff Minerals secured a swathe of ground in the Canadian province after an agreement with a private party for 61 mineral claims covering 80,500ha at Coppermine River. Management says exploration has validated dozens of prospective occurrences of copper and silver mineralisation. It includes one rock chip sample from the Halo prospect returning outstanding assays of 30.24 per cent copper and 34g/t silver, while a second showed 30.25 per cent copper and 43g/t silver. Rock chip samples from the Cu-Tar prospect delivered even higher results, with one assay returning 35.54 per cent copper and 17g/t silver. The company’s Don target has also returned multiple samples greater than 40 per cent copper, with another showing 30.7 per cent copper and more than 22g/t silver. Management says the Coppermine area hosts a raft of high-grade copper lodes that sit along the same structural trend, primarily consisting of native copper, chalcocite, bornite, and chalcopyrite. Using existing high-resolution magnetics, in addition to extensive rock-chip, trench and drill results, White Cliff says outcropping structure and mineralisation can be traced over more than a whopping 100km of strike length. The Coppermine area is rich in exploration history. Prospector Samuel Hearne first reached Coppermine River way back in 1771 and reported finding a four-pound copper nugget at surface. The area was first staked in 1929 and by late 1967, more than 40,000 claims were lodged by more than 70 different companies. However, exploration slowed in the 1970s due to the instability of the price of copper. The geology of the Coppermine area is characterised by an easterly-trending, copper-bearing belt of meso-proterozoic continental flood basalts and associated marine sedimentary rocks of Neo-Proterozoic age. The belt extends 80km south from the town of Kugluktuk on the Coronation Gulf, and 174km west to 64km east of the Coppermine River.
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