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Wolfden Resources Corp.
Summary
| Project: | Pickett Mountain | |
|---|---|---|
| Deposit: | Pickett Mountain | |
| Location: | United States | |
| Commodities: | Zinc-Lead-Copper-Silver-Gold | |
| Date: | 7/18/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-7-2019: Wolfden Resources Corp. announces an Exploration/Drilling Update report for its Pickett Mountain deposit at the Pickett Mountain project. Drilling results incl. 4.2m @ 7.4% Zn, 3.7% Pb, 1.0% Cu, 104.5g/t Ag, 0.6g/t Au from 712.3m. THUNDER BAY, | |
| Resources: | (Resource): 2.05Mt @ 19.32% ZnEq. (Ind.) and 2.03Mt @ 20.61% ZnEq. (Inf.) | |
| CP/QP: | [Overall Report]: Don Hoy, Ron Little (Internal) | |
| ABSTRACT: | THUNDER BAY, ON, July 18, 2019 /CNW/ - Wolfden Resources Corporation (WLF.V) ("Wolfden" or the "Company") is pleased to announce the assay results for the second drill hole into the high-grade footwall zone (FWZ) discovery, at its wholly-owned Pickett Mountain Project in Maine, USA that was previously announced on July 3, 2019. Hole PM-18-031A, was a wedge hole drilled from the discovery hole PM-18-031 and intersected 4.2 m of sulphide mineralization grading 15.3% ZnEq (zinc equivalent) that includes 2.9 m of 19.9% ZnEq. This second intersection of polymetallic mineralization occurs 25 metres above the discovery hole that intersected 4.1 m grading 38.2 % ZnEq and confirms the potential for this new lens to add to the Pickett Mountain mineral resource. Details of the intercept are tabulated below where true width is estimated to be 55% of the core length. The 2019 drill program includes up to 10,000 metres of diamond drilling, focused on expanding the Pickett Mountain mineral resource including the FWZ and other lenses as well as testing high-priority local and regional targets. Pickett Mountain is a high grade undeveloped volcanogenic massive sulphide ('VMS') deposit close to infrastructure that hosts a mineral resource of 2.05 Mt at 19.3% ZnEq of indicated resources and 2.03 Mt at 20.6% ZnEq of inferred resources, using a 9% ZnEq cut-off grade, and conservative metal prices as listed below (see also press release of January 7, 2019). | |
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