White Cliff Minerals Limited Unveils 90m @ 4% Copper Surface Intercept at Rae Copper Project, Backed by $14.4M for Drilling Expansion
Wednesday, May 21, 2025
at
8:15 am
White Cliff Minerals Limited reports outstanding high-grade copper assay results from its Rae Copper Project in Nunavut, Canada. The drilling program confirmed significant near-surface copper mineralisation and robust expansion potential, with a fully funded $14.4M program boosting confidence in a promising exploration future.
White Cliff Minerals Limited has released encouraging assay results from its reverse circulation drilling program at the 100% owned Rae Copper Project in Nunavut, Canada. The drilling at the Danvers target area has delivered a significant near-surface intercept of 90 meters grading 4% copper combined with 7.5 grams per tonne silver. Notable sub-intercepts within this interval include 18 meters at 6.5% copper and 11.4 grams per tonne silver, a short but robust 1.52-meter section at 19.45% copper with 34.1 grams per tonne silver, and another high-grade segment of 14 meters at 7.7% copper and 16.2 grams per tonne silver. These results indicate strong continuity of high-grade copper mineralization in a breccia system associated with a NE-SW trending fault zone that extends for 9.5 kilometers.
The technical details provided include drillhole DAN25005, which was designed to test both the thickness of the mineralization and its down-dip extent. The drilling was carried out with 1.52-meter intervals, and assays from additional holes are expected soon. This work builds on previous drilling campaigns by historic operators and further delineates the potential for a maiden exploration target with substantial economic value. The Company has secured full funding through a recent raise of $14.4 million designated for drilling at the Rae Copper Project.
From a market perspective, the news offers both bullish and bearish implications. On the bullish side, the high-grade copper intercepts, near-surface mineralization, and strong continuity of mineralization heighten the project’s potential. With a fully funded drilling program and ongoing exploration initiatives that may lead to a maiden JORC compliant resource estimate, the company appears well-positioned to enhance its asset value. However, a cautious view is warranted due to the inherent risks associated with exploration projects, including uncertainties in data derived from historical drilling programs, the fact that these results are preliminary, and the technical challenges of converting drilled widths into true thicknesses. Investors should weigh the promising drill results against the forward-looking nature of the project and the need for further verification through additional drilling and robust quality control measures.