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Rockcliff Files NI 43-101 Report on Indicated and Inferred Resource Estimate for T-1 Copper Deposit, Tower Property, Manitoba

Jan 22 2013 12:00AM

Marketwire

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TORONTO, ONTARIO -- (Marketwire) -- 01/22/13 -- Rockcliff Resources Inc. (TSX VENTURE: RCR) is pleased to announce that a National Instrument 43-101 ("NI 43-101") Technical Report has been completed for its T-1 Copper Deposit, Tower Property, located in central Manitoba. The report entitled "Independent Technical Report, Tower Property, Grand Rapids, Manitoba" dated January 20, 2013 (the "Tower Deposit Report") was prepared by Zsuzsanna Magyarosi, Julie Selway, Jason Baker and Julie Palich, independent qualified persons under NI 43-101, for Caracle Creek International Consulting Inc. (Caracle Creek). The Tower Deposit Report is available for viewing on www.sedar.com

The Mineral Resource Statement prepared by Caracle Creek for the T-1 Copper Deposit is detailed below.

Table 1: Mineral Resource Statement, T-1 Copper Deposit, Manitoba Caracle Creek, December 2, 2012--------------------------------------------------------------------------------------------------------------------------------------------------------Resource ContainedCategory Tonnes Cu (%) Zn (%) Ag (g/t) Au (g/t) Pounds-Cu----------------------------------------------------------------------------Indicated 1,084,186 3.73 1.05 17.28 0.55 88,968,303Inferred 1,253,522 2.00 1.02 9.78 0.27 55,154,968----------------------------------------------------------------------------Notes: 1. CIM definitions were followed for the estimation of mineral resources. 2. Mineral resources are estimated at a Cu cut-off of 0.5%. 3. Cut-off grade was based on a copper price of US$3.63 per pound. 4. Given the tonnage, grade and orientation of the deposit, Caracle Creek considers the T-1 Copper Deposit to be reasonably amenable to extraction using underground mining methods. 5. Specific Gravity measurements were taken on a portion of the samples and where actual measurements were not available an average of 3.00 was used. 6. Mineral resources are not mineral reserves and do not have demonstrated economic viability.



The Indicated and Inferred Mineral Resource for the T-1 Copper Deposit was classified according to the CIM Definition Standards for Mineral Resources and Mineral Reserves (December 2005) by Mr. Jason Baker P.Eng. (APENS#9627), who is an appropriate independent person for the purpose of NI 43-101. Mr. Baker has reviewed and approved the technical content of this news release.

The T-1 Copper Deposit is a remobilized, single, vertical dipping, high grade, VMS lens that is located immediately below a 100m thick layer of Paleozoic limestone cover. It consists of stringers and massive sulphide lenses of chalcopyrite, pyrite, pyrrhotite and sphalerite. Drilling has intersected the deposit over a strike length of 800m and to a vertical depth of up to 600m. The Deposit mineralization remains open along strike and at depth where surface (DPEM) and bore hole geophysics have indicated a continuation of the sulphide conductivity beyond the limits of the resource. The deposit is associated with a 12km long arcuate trending copper horizon hosting a second zone of copper mineralization (T-2 Copper Zone) and several additional conductive targets worthy of follow up exploration.

Ken Lapierre P.Geo., President and CEO of Rockcliff Resources Inc., a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, is responsible for the information in this press release.

Pursuant to an exploration and option agreement with Pure Nickel Inc., to earn a 70% interest in the property, Rockcliff must pay $150,000 in incremental payments and is required to incur aggregate exploration expenditures totalling $4,000,000.

Rockcliff has recently exercised the option to earn its 50% interest by spending $2,000,000 on exploration expenditures and paying $90,000 to Pure Nickel Inc. over the last two years. Both parties will now form a joint venture and Rockcliff will earn an additional 20% in the property by spending an additional $2,000,000 (in progress) in exploration expenditures and paying a total of $60,000 over the next 2 years. Once completed, Rockcliff will control a 70% interest in the property. An underlying 2% NSR on the property is held by Xstrata Nickel, of which half can be purchased for $1,000,000.

For more information please visit our website at www.rockcliffresources.com.

Rockcliff Resources Inc.

Rockcliff Resources Inc. is a Canadian resource exploration company focused on discovery and advancement of its high-quality mineral properties at its Snow Lake Project. Rockcliff presently controls the Snow Lake Project totalling in excess of 500 km2. The project includes two VMS copper rich NI 43-101 Resources (Rail and T-1 Copper Deposit), one former copper rich VMS mine (Dickstone), one historic VMS copper deposit (Lon) and the T-2 Copper Zone (Tower). Rockcliff also controls a zinc-silver rich NI 43-101 Resource (Shihan) and a precious metal property including one former gold mine (Century Mine).

Forward-Looking Statement:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Rockcliff undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:
Rockcliff Resources Inc.
Ken Lapierre, P.Geo.
President & CEO
(416) 863-9800 or (647) 678-3879
klapierre@rockcliffresources.com
www.rockcliffresources.com

Cor Capital Inc
Garett Prins
President
(647) 500-8223 direct
(877) 308-8223
garett@corcapital.ca





Source: Marketwire


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