My new premise about how Hudbay may be presently thinking about exploration in Snow Lake, suggests to me that they are keen to get hold of pure gold and/or base metal deposits with a high gold content like the Talbot deposit offers.
Hudbay is making a fortune, milling gold at New Britannia and selling lots of it at present day, high US dollar prices!
Hudbay ignored Rockcliff's exploration discoveries at Bur, a deposit just next door to Hudbay's Snow Lake mills and let the company obtain a 100% ownership of that property.
Perhaps, this was just a little gift made to Rockcliff in return for the incredible expense that was made, when it fulfilled it's exploration commitment at Talbot.
But it was Talbot, many more km away from Snow Lake than Bur that Hudbay finally decided to keep, as an operator! I believe that this decision was made due to the more lucretive gold content of its ore. The Talbot deposit is very valuable! And it may be developed, much sooner, than I used to think.
Bur has obvious value as well, but from Hudbay's perspective, it's seems to be still on the back burner!
Rockcliff may be somewhat side-tracked, with its present focus on Bur, hoping to grow it's base metal content, significantly larger, in the hopes of garnering Hudbay's interest, sooner.
It might prove to be a better idea to first seek out, a larger scale, pure gold or base metal project with the higher gold tenor.
Rockcliff's 100% owned Morgan property might just turn out to be one of those most unusual finds! It already has an historical resource.
"...The Morgan zinc deposit is a VMS style deposit that is hosted within an interpreted felsic dome nestled above a thick blanket of andesitic volcaniclastics. The volcanic rocks belong to the Amisk Group of the Flin Flon – Snow Lake greenstone belt. The VMS body averages 2-3 m thick, 60 m wide and 500 m long. Limited drilling on the Morgan zinc deposit has identified 272,000 tons grading on average
15.0% Zinc and 3.4gpt gold. The deposit remains open for potential expansion with additional drilling. The Finlayson Find is a gold showing that consists of two shoots of auriferous veining that can be traced for 250 m. The most significant gold intersection was 22.6gpt over 1.7 m (historical drill hole B-28). It also has a surface expression in a trench and returned channel samples of trace up to 19.95gpt gold over 2.3 m. The Blue Zone is another set of gold veins 250 m west of Finlayson Find. Data over the Blue Zone is sparse, but it could extend as long as Finlayson Find. The best value in shallow historical drilling intersected 5.76gpt gold over 0.58 m.
https://rockcliffmetals.com/exploration/morgan/
These are high value targets, well worth pursuing in my opinion!
Morgan is close in proximity to Rockclff's Pennex property which was deemed impossible to access last Winter.
So I don't know if it is also a problematic site to explore due to access issues, similar to the Pennex property.
Martyboss mentioned that he and his buddies used to go fishing along a lake nearby that property. I can't remember if that was Winter or Summer fishing?
But he might like to tell us, how he accessed that property? Was there a local road that got him there easily that wasn't a mudhole?
The Sails property also offers a gold opportunity that might be worth pursuing, but I am not certain as to the historical grade. I had understood that it was low. The quantity of the ore and the widths of any future intercepts, if drilling was done in the future, would determine its value.
So base metals offer value. In my opinion, first copper and then zinc. Lithium is a potential deal maker! But gold is king from Hudbay's perspective.
Maybe Rockcliff may be able to pick up some properties with a better gold potential or partner with Hudbay to uncover some uniquely valuable lithium properties!
We will have wait and see if they come to understand an apparent need for this.
Some lucky soul seems to have picked up 450,000 shares at 2 cents! What a steal!
So sad to see people forced to sell during these difficult times! But there are lots of buyers, folks!
Some people out there are pretty smart!
Interest rates are rising and bills have to be paid! Inflation may be good for the price of gold but not for those who have play catch up, faster than they can run!
But keep buying cheaply, if you can!
All the best! Java