Large landholding adjacent to White Cliff’s Rae project in Nunavut
The new management team at microcap Somerset Minerals has given the explorer a new focus by agreeing to buy the third-largest landholding in northern Canada's Coppermine district, adjacent to White Cliff Minerals' rapidly emerging Rae project.Sampling in October delivered White Cliff rock chips of up to 64% copper, close to the theoretical maximum that the metal can reach within ore and some of the highest-grade copper anywhere in the world.
96% historical Danvers copper resource for which While Cliff paid C$750,000 in cash and shares last month.Large search spaceSomerset believes it has twice the exposure to the Copper Creek Formation basalts as White Cliff.Initial work, likely to include a maiden drill campaign and geochemical mapping program, is expected to begin next quarter targeting the same fissure-hosted, sediment-hosted, and basalt flow top replacement styles of mineralisation as White Cliff.
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