White Cliff Minerals (ASX:WCN) has been granted C$250,000 ($254,018) from the Government of Nunavut to advance exploration at its Rae Copper Project in Canada.
Funding was awarded through the Nunavut Government’s Discover, Invest, Grow (DIG) Program, with the first C$125,000 due to be received in the coming days.
The remainder of the grant will be rewarded following submission of the final geological report.
White Cliff will use the grant to support its ongoing 6,000m reverse circulation (RC) drilling program at the Danvers deposit within the Rae Project.
Drilling is currently testing 12,000m of strike length along the Teshierpi Fault Zone and adjacent structures, guided by multiple datasets trained on the geophysical signature of known ‘high-grade’ copper mineralisation at Danvers.
Managing Director Troy Whittaker says the grant reflects continued confidence from the Government of Nunavut in the company’s projects and regional exploration strategy.
“We are pleased to have secured C$250,000 in funding through the Discover Invest Growth Program, supporting the advancement of our ongoing 6,000m reverse circulation drilling program at Danvers,” Whittaker says.
“The funding further strengthens our balance sheet and enhances our financial flexibility as we accelerate exploration activities.
“The company is now well positioned to expand drilling across both the Danvers Project and the highly prospective sedimentary structures at Rae.”
The DIG Program is a government initiative that supports exploration activities in Nunavut through financial contributions covering up to 25% of total spending, capped at C$250,000 per year.
Companies can receive up to C$500,000 over a project’s lifespan, with grants awarded based on the use of local supplies and businesses, as well as advancing technical knowledge of mineral properties in the territory.
The Rae Copper Project comprises 93 mineral claims across three blocks and one mineral lease covering 1,228 square kilometres in the Kitikmeot region of Nunavut.
Write to Maddison Elliott at Mining.com.au
Images: White Cliff Minerals
