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Wolfden Resources Corp.
Summary
| Project: | Pickett Mountain | |
|---|---|---|
| Deposit: | Pickett Mountain | |
| Location: | United States | |
| Commodities: | Zinc-Lead-Copper-Silver-Gold | |
| Date: | 8/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-8-2018: Wolfden Resources Corp. announces an Exploration/Drilling Update report for its Pickett Mountain deposit at the Pickett Mountain project. Drilling results incl. 5.9m @ 7.5% Zn, 3.2% Pb, 1.3% Cu, 64.8g/t Ag, 0.7g/t Au from 661.2m. THUNDER BAY, ON | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Donald Hoy (Internal) | |
| ABSTRACT: | THUNDER BAY, ON, Aug. 1, 2018 /CNW/ - Wolfden Resources Corporation (WLF.V) (the "Company" or "Wolfden") is pleased to announce that a second deep hole in the Company's ongoing infill and expansion drill program on its wholly-owned Pickett Mountain Project in Maine USA has intersected multiple zones of high-grade base metal mineralization, at a depth of 580 metres in the West lens of the deposit. Drill hole PM-18-023 intersected three massive sulphide lenses at down the hole depths and lengths in metres as highlighted below: These results in combination with recently released results obtained in hole PM-18-22, (located approximately 75 m to the west of hole 23, that intersected 24.0% Zn, 10.0% Pb, 0.9% Cu, 267 g/t Ag & 1.6 g/t Au over 4.7 metres, see Wolfden news release dated July 9, 2018), comprise the deepest drilling completed by the Company to date and clearly demonstrate the potential to expand resources below a depth of 400 metres, where there was minimal historical drilling. These results can be viewed on an updated vertical longitudinal drill section in the Pickett Mtn. presentation on the Company website. In addition, hole 23 was deepened an additional 78 m to a length of 800 m so that it could be probed in the coming weeks with down-the-hole geophysics to investigate the potential for other massive sulphide mineralization within 200 m of the hole. While waiting for these results, the drill rig was moved to test several high priority exploration targets in close proximity to the two main lenses. These targets have been identified by detailed ground and airborne geophysical surveys as well as historical soil sampling surveys. Most importantly, the geophysical surveys indicate the potential for expansion of the system in several directions. A second drill rig will be mobilized to advance the exploration and expansion drilling concurrently. The Company is in the process of modelling the historical and recent drill results in order to generate an updated mineral resource estimate before the end of the year and one that can be further expanded as drilling continues.. | |
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