White Cliff Minerals engages Canadian experts to fast-track diamond drilling at Radium Point
Drilling is also underway at the Reedy South gold project in WA
Exploration is ongoing at the Lake Johnston, Diemals and Bentley projects, targeting copper-gold-lithium-nickel mineralisation
Special Report: White Cliff Minerals says an extensive diamond drilling program will kick off at its historic Radium Point site in Q3, focusing on undrilled areas.
White Cliff Minerals’ (ASX:WCN) ~2,900km2 Radium Point project is a uranium and silver-rich IOCG opportunity in Canada’s Northwest Territories which also includes the historic Eldorado uranium mine.
Eldorado was the largest of its kind in Canada when it was mined between 1930 and 1960, producing 13.7Mlb of uranium, 34.2Moz refined silver and 11.38Mlb of copper, along with gold credits and 104,000kg lead, 127,000kg nickel and 227,000kg cobalt.
Now historical rock chip results have revealed several previously untested target areas of uranium-gold-silver-copper mineralisation. The company has engaged Canadian exploration experts to execute geological and logistical support for what will be the company’s first diamond drilling program at Radium Point.
This work will take place in parallel with planned activities at the Coppermine project, also in Canada’s Northwest Territories, where historical exploration has identified non-JORC mineral estimates of copper and silver along a +100km long structural trend.
White Cliff’s Radium Point project. Pic via WCN
Capturing discoveries against backdrop of rising prices
“Utilising local expertise allows us to undertake – with confidence – work streams that until recently were probably only possible in 2025 if undertaken solely by the company,” WCN chairman Roderick McIllree said.
“That we are soon kicking off a maiden drilling program at Radium Point after only securing the licences in the last few months is a testament to the internal expertise of the organisation.
“This, coupled with the fact that these projects were organically grown, positions us perfectly to capture the entire value matrix of any discovery with the benefit of rising gold, silver, copper and uranium prices.”
Both copper and gold prices climbed higher last week, the latter cracking a fresh high after reaching the US$2,300/oz mark on Thursday.
Uranium is also keeping pulses racing in 2024 – up more than 5x on its cyclical lows of 2018 and hitting a 16-year high of US$100 per pound in January.
Exploration activities
Work at Radium Point will comprise regional mapping, sampling, airborne surveys, and diamond drilling and will continue through to November.
WCN has also identified low-cost efficient work programs for its four remaining highly prospective WA assets – Reedy South, Lake Tay, Diemals and Bentley.
At Reedy South, a reverse circulation drilling program of up to 2,0000m is underway to infill and test strike and depth extensions to the existing inferred resource of 42,400oz gold.
Over at the Lake Johnston and Diemals projects – both of which are in underexplored and emerging mineral provinces – WCN has mobilised contractors and its own staff to undertake a soils and bedrock sampling program, targeting gold-copper-lithium-nickel mineralisation.
This article was developed in collaboration with White Cliff Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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