White Cliff Minerals (ASX: WCN) has commenced an aggressive diamond drilling campaign at its 100%-owned Rae copper project in Nunavut, Canada. The company is well-funded to accelerate and expand exploration activities following a recent $14.4 million capital raise. White Cliff Minerals is an Australian exploration company focused on discovering and developing copper and gold deposits. It has projects located in Western Australia and Canada.
The company will drill three holes to test a large geophysical anomaly in the Hulk sub-basin, confident that it extends deep into an untested sedimentary basin. This area has all the first-order controls required for a sedimentary copper deposit. White Cliff’s strategy to pre-drill at Hulk has proved a major success, with the diamond rig advancing approximately 100m on its first shift down the collar.
The company will also recommence drilling at the Danvers prospect, stepping out along strike from recent assay results that included 175 metres @ 2.5% copper & 8.66 grams per tonne gold and 90m @ 4% copper & 7.5g/t gold. Expert Geophysics have mobilised to conduct a drone-based magnetotellurics survey across the Danvers mineralised system to fingerprint its geophysical signature. This will allow focused targeting across the broader lease for similar high-grade systems.
Managing director Troy Whittaker said Canada is further reinforcing its commitment to critical minerals expenditure, supporting explorers like White Cliff. He added that a significant share of new defence-related infrastructure investment will flow directly into critical minerals development and that investment into ports, rail, and processing facilities will be beneficial to all junior explorers like White Cliff Minerals.
