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Wolfden Resources Corp.
Summary
| Project: | Pickett Mountain | |
|---|---|---|
| Deposit: | Pickett Mountain | |
| Location: | United States | |
| Commodities: | Zinc-Lead-Copper-Silver-Gold | |
| Date: | 5/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-5-2018: Wolfden Resources Corp. announces an Exploration/Drilling Update report for its Pickett Mountain deposit at the Pickett Mountain project. Drilling results incl. 3.2m @ 13.2% Zn, 5.4% Pb, 1.7% Cu, 124.8g/t Ag, 1.1g/t Au from 194.6m. THUNDER BAY, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Donald Hoy (Internal) | |
| ABSTRACT: | THUNDER BAY, ON, May 10, 2018 /CNW/ - Wolfden Resources Corporation (WLF.V) is pleased to announce the next round of drill results on its wholly-owned Pickett Mountain base-metal project, in Northern Maine, U.S.A. The Pickett Mountain deposit (previously Mount Chase) is one of the highestgrade undeveloped VMS projects in North America. Based on a newly enacted mining law in the State of Maine (Nov 2017), Wolfden acquired the property and is advancing the project towards development. The initial programs include a 10,000 metre infill and expansion drill program as well as surface and airborne geophysical surveys to explore for additional mineralization that could add to the scope of the project. The latest results comprise thirteen holes designed to test the outer limits and shallow expansion potential of the two known mineralized lenses and well as a few in-fill holes within the lenses. The tenor and grade of the in-fill holes are consistent with those of the historical results. The shallow expansion holes were part of a first-pass attempt to discover new mineralization that was not previously drilled, while the Company was waiting for the completion of its ongoing detailed geophysical programs. The geophysics will be completed in May and will be instrumental in the targeting of the next round of drilling, expected to commence in late May or early June. A total of 21 holes and 5500 metres have been completed to date. Wolfden intends to complete a qualified mineral resource estimate by year end using the results of the ongoing program and the historical data. Drill holes PM-18-009, 010, 011, 012, 017 & 018 tested the West Lens while PM-018-013, 014, 015, 016, 019, 020 and 021 probed the East Lens (see Longitudinal Section). Holes PM-18-016, 017 & 019 did not intersect massive sulphide mineralization. The significant assays for the remaining drill holes are tabulated below | |
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