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Wolfden Resources Corp.
Summary
| Project: | Pickett Mountain | |
|---|---|---|
| Deposit: | Pickett Mountain | |
| Location: | United States | |
| Commodities: | Zinc-Lead-Copper-Silver-Gold | |
| Date: | 11/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-11-2018: Wolfden Resources Corp. announces an Exploration/Drilling Update report for its Pickett Mountain deposit at the Pickett Mountain project. Drilling results incl. 15.0m @ 14.5% Zn, 5.5% Pb, 1.1% Cu, 155.9g/t Ag, 1.0g/t Au from 653.2m. THUNDER BA | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Donald Hoy (Internal) | |
| ABSTRACT: | THUNDER BAY, ON, Nov. 19, 2018 /CNW/ - Wolfden Resources Corporation (WLF.V) (the "Company" or "Wolfden") is pleased to announce additional results from its ongoing infill and expansion drilling at the Company's wholly owned Pickett Mountain Project in northeastern Maine, USA. The Project represents one of the highest grade zinc-rich, volcanogenic massive sulphide ("VMS") deposits in North America and consists of two primary lenses (East and West) that remain open for expansion. Drill holes PM-18-028 (East Lens) and 029 (West Lens), both intersected robust zones of highgrade VMS mineralization as tabulated below. Horizontal widths for these intersections are equal to 60% of the core length. Hole 028 intersected the E1 Lens at a vertical depth of 350 metres below surface and returned 19.8% combined Zn+Pb+Cu over 5.0 metres including 3.4 metres at 27.2% combined Zn+Pb+Cu. Hole 029, a step-out drill hole testing the W1 Lens, cut massive sulphide at a vertical depth of 600 metres below surface, yielding 15.0 metres of 21.1% combined Zn+Pb+Cu including 10.6 metres of 27.7% combined Zn+Pb+Cu. This deep intercept is one of the best to date on the project and correlates well with hole 022 (50 m to the east) that returned 34.7% combined Zn+Pb+Cu over 4.7 metres. In addition, hole 031 intersected new potential lens of massive sulphide mineralization 150 metres to the north (deeper into the footwall) below the East Lens at a vertical depth of 650 metres. Visual inspection indicates similar appreciable amounts of zinc, lead and copper sulphide mineralization, as is typical of the East and West lens, over a core length of 2.5 metres. Assay results are pending. "This deeper mineralization is a very positive development in terms of adding to the scale at Pickett Mountain", stated Don Hoy SVP Exploration for Wolfden. "The discovery warrants a follow-up program of down-hole EM surveying in order to explore the extent of this potential new lens of massive sulphide mineralization". | |
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