en.Wedoany.com Reported - White Cliff Minerals (ASX: WCN; US-OTC: WCMLF) has encountered high-grade copper mineralization at the Danvers target during drilling at the Rae project in western Nunavut, Canada, indicating the area may host a large red metal system.
According to a report released by the company on Wednesday, key hole DAN26012 intersected 19.8 meters grading 6.64% copper at a depth of 152.4 meters, including a 7.6-meter section grading 11.38% and another 3-meter section grading 17.68%. This interval also contains a 1.5-meter section grading 21.1%, equivalent to roughly one-fifth pure copper content, marking the strongest result from Danvers to date. The Rae project is located approximately 75 kilometers west of the hamlet of Kugluktuk.
White Cliff Managing Director Troy Whittaker stated in a press release that these results rank among the highest-grade intercepts ever obtained at Danvers, highlighting the immense potential of this rapidly expanding mineralized system. He noted the target's high grades, growing strike length, and open-ended mineralization.
The Danvers results come as the Canadian government increasingly focuses on securing critical metal supplies in the far north. Limited infrastructure across vast distances in the region poses challenges to accessing resource wealth. Danvers and the larger Rae project are located in Nunavut's Kitikmeot region, which will host a federally supported proposed project—the Grays Bay Road and Port project—that would connect the Arctic Ocean to an all-weather road leading to the Northwest Territories.
Other notable results from Danvers include: hole DAN26009 intersected 6.1 meters grading 1.08% copper from 103.6 meters depth; hole DAN26010 intersected 19.8 meters grading 1.03% copper from 230.1 meters depth; and hole DAN26011 intercepted 7.6 meters grading 1.92% copper at 144.8 meters.
White Cliff stated that assays have confirmed copper mineralization over more than 2.6 kilometers, with visual red metal mineralization suggesting the larger system may extend over 4 kilometers along strike. The company plans to drill the remaining 8 kilometers of the target area by August.
The Rae project is located on the Teshierpi fault zone, a regional-scale structure believed to host copper-silver mineralization in the historic Coppermine region. The area has been recognized as a copper hotspot since the 18th century but has seen little modern exploration. White Cliff began exploration work at Rae in 2024.
A historical, non-compliant resource estimate from 1968 indicates Danvers holds 4.16 million tonnes grading 2.96% copper.
On Wednesday, White Cliff shares rose 13% in Sydney to A$0.01 per share, giving the company a market capitalization of A$34 million (approximately C$33.2 million). The stock has traded in a range of A$0.01 to A$0.03 over the past 12 months.
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