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Wolfden Resources Corp.
Summary
| Project: | Pickett Mountain | |
|---|---|---|
| Deposit: | Pickett Mountain | |
| Location: | United States | |
| Commodities: | Zinc-Lead-Copper-Silver-Gold | |
| Date: | 11/20/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-11-2019: Wolfden Resources Corp. announces an Exploration/Drilling Update report for its Pickett Mountain deposit at the Pickett Mountain project. Drilling results incl. 9.6m @ 3.1% Zn, 1.3% Pb, 0.4% Cu, 54.0g/t Ag, 0.3g/t Au from 555.7m. THUNDER BAY, | |
| 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, Nov. 20, 2019 /CNW/ - Wolfden Resources Corporation (WLF.V) ("Wolfden" or the "Company") is pleased to provide the following update on its wholly owned highgrade Zn-Pb-Cu-Ag-Au deposit located in northern Maine, USA. The 2019 exploration program recently concluded with 3,530 metres of diamond drilling, ground and bore-hole geophysics, soil sampling, mapping and prospecting; all focused on expanding the known mineral resource of 2.05 Mt at 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 at 20.6% ZnEq of inferred resources (11.0 % Zn, 4.4% lead, 1.2% Cu, 111 g/t Ag & 0.92 g/t Au). In addition, new drill targets where delineated on the property and along the 30 km trend. A total of 8 holes and 1,846 m was focused on drill testing extensions of the Footwall Zone (FWZ), a recent higher-grade zone discovered approximately 150 m further north of the two main lenses of the main zone at a depth of 600 m (see Figure 1). Positive results were received from these deeper holes that were drilled as wedge holes off of previous holes and resulted in 25 to 35 m step-out intersections and included 15.3% ZnEq over 4.2 m in hole 031A (7.4% Zn, 3.7% Pb, 1.0% Cu, 105 g/t Ag & 0.6 g/t Au). Further deep drilling is warranted (see Figure 2). The drill program also included the reaming of 8 previous drill holes for down-hole geophysics (bore hole electromagnetics – BHEM). All holes were successfully surveyed and the results confirmed this technique can be used to identify the East and West Lens extensions at depth that occur within a 100-200 m distance of the hole. As a result, there is obvious potential to expand both lenses at depth in addition to testing near surface targets (conductors) with coincident soil and whole rock geochemical signatures. | |
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