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Wolfden Resources Corp.
Summary
| Project: | Pickett Mountain | |
|---|---|---|
| Deposit: | Pickett Mountain | |
| Location: | United States | |
| Commodities: | Zinc-Lead-Copper-Silver | |
| Date: | 1/13/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-1-2020: Wolfden Resources Corp. announces an Exploration/Drilling Update report for its Pickett Mountain deposit at the Pickett Mountain project. Drilling results incl. 160.6m @ 0.3% Zn, 0.1% Pb, 0.0% Cu, 0.8g/t Ag from 249.0m. THUNDER BAY, ON, Jan. 13 | |
| Resources: | (Resource): 2.05Mt @ 19.32% ZnEq. (Ind.) and 2.03Mt @ 20.61% ZnEq. (Inf.) | |
| CP/QP: | [Overall Report]: Don Hoy, Jeremy Ouellette, Ron Little (Internal) | |
| ABSTRACT: | THUNDER BAY, ON, Jan. 13, 2020 /CNW/ - Wolfden Resources Corporation (WLF.V) ("Wolfden" or the "Company") is pleased to announce positive assay results for a recent new discovery of a +200 meter open-ended stringer sulphide zone that represents a new target horizon for additional massive sulphide mineralization on its wholly owned Pickett Mountain Zn-Pb-Cu-Ag-Au Project in Maine, USA. Hole PX-001 drilled tested a 1,000 metre, coincident gravity and soil anomaly trend, situated 500 metres to the north and parallel to the Main Zone horizon (East and West Lenses) that hosts 2.05 Mt grading 19.3% ZnEq of indicated resources (9.9% Zn, 3.9% Pb, 1.4% Cu, 102 g/t Ag & 0.92 g/t Au) and 2.03 Mt grading 20.6% ZnEq of inferred resources (11.0 % Zn, 4.4% lead, 1.2% Cu, 111 g/t Ag & 0.92 g/t Au). The hole, which stopped short of the targeted depth, in mineralization, intersected 207 metres of stringer and disseminated sulphide mineralization that includes pyrite, sphalerite, galena and chalcopyrite hosted within a zone of strong silica-sericite alteration. Individual samples of the sulphide stringers assayed as high as 12.4% ZnEq (Zinc Equivalent), as highlighted in Table 1. In addition, the mineralization increases towards the bottom of the hole with 160 metres grading 0.5% ZnEq, including the final 103 metres grading 0.6% ZnEq. These results are very positive and suggest that the Pickett Mountain volcanic system could be much more extensive than previously interpreted from the historical exploration data. | |
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