White Cliff Minerals Ltd.: Drilling Commences at Lake Percy Lithium Project
15.03.2017 | ABN Newswire
Sydney - White Cliff Minerals Ltd. (ASX:WCN) ("White Cliff" or the "Company"), advises that drilling has commenced at the Lake Percy Lithium Project.White Cliff has a joint venture with Liontown Resources Ltd. (ASX:LTR) ("Liontown"), that allows Liontown to earn up to 70% of its Lake Percy Lithium Project, located approximately 430km east of Perth, Western Australia.
Liontown announced on 13th March 2017 that a maiden RC program comprising 7-10 holes for up to 2,500m drilling has commenced at the Lake Percy Lithium Project.
The program will test beneath lithium-in-soil anomalies which are coincident with large pegmatites with true thicknesses locally exceeding 100m.
The drilling program is expected to take approximately two weeks with assays due in mid-late April 2017.
About White Cliff Minerals Ltd:
White Cliff Minerals Ltd. (ASX:WCN) is a Western Australian based exploration company with the following main projects:
Kyrgyz Aucu Gold Project (90%): The Project contains extensive porphyry related gold and copper mineralisation starting at the surface and extending over several kilometres. Drilling during 2014 has defined a major gold discovery with an initial inferred resource of 1.15Mt at 4.2 g/t containing 156,000 ounces of gold. Additional drilling in 2015 identified extensions of known high grade gold mineralisation with intersections as high as 8 metres at 55 g/t gold. In addition drilling has also defined a significant copper deposit at surface consisting of 10Mt at 0.41% copper containing 40,000 tonnes of copper. Extensive mineralisation occurs around both deposits demonstrating significant potential to increase the existing resources.
The project is located in the Kyrgyz Republic, 350km west-southwest of the capital city of Bishkek and covers 83 square kilometres. The Chanach project is located in the western part of the Tien Shan Belt, a highly mineralised zone that extends for over 2,500 km, from western Uzbekistan, through Tajikistan, Kyrgyz Republic and southern Kazakhstan into western China.
Merolia Gold and Nickel Project (100%): The project consists of 771 square kilometres of the Merolia Greenstone belt and contains extensive ultramafic sequences including the Diorite Hill layered ultramafic complex, the Rotorua ultramafic complex, the Coglia ultramafic complex and a 51 kilometre long zone of extrusive ultramafic lava’s. The intrusive complexes are prospective for nickel-copper sulphide accumulations possibly with platinum group elements, and the extrusive ultramafic rocks are prospective for nickel sulphide and nickel-cobalt accumulations.
The project also contains extensive basalt sequences that are prospective for gold mineralisation including the Ironstone prospect where historical drilling has
Contact:
White Cliff Minerals Ltd.
Todd Hibberd Managing Director
T: +61-8-9321-2233
W: www.wcminerals.com.au
E: info@wcminerals.com.au
