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Wolfden Resources Corp.
Summary
| Project: | Pickett Mountain | |
|---|---|---|
| Deposit: | Pickett Mountain | |
| Location: | United States | |
| Commodities: | Zinc-Lead-Copper-Silver-Gold | |
| Date: | 1/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-1-2019: Wolfden Resources Corp. announces a Resource Estimation report for its Pickett Mountain deposit at the Pickett Mountain project. Amended report - Initial mineral resource estimate for project. THUNDER BAY, ON, Jan. 7, 2019 /CNW/ - Wolfden Resour | |
| Resources: | (Resource): 2.05Mt @ 19.32% ZnEq. (Ind.) and 2.03Mt @ 20.61% ZnEq. (Inf.) | |
| CP/QP: | [Resources]: F Bakker, J Grant, B LeBlanc (A-Z Mining Consultants) | |
| ABSTRACT: | THUNDER BAY, ON, Jan. 7, 2019 /CNW/ - Wolfden Resources Corporation ("Wolfden" or the "Company") is pleased to announce a Mineral Resource estimate for its 100% owned Pickett Mountain high-grade zinc-lead-copper-silver massive sulphide deposit ("the Deposit"), located in Penobscot County in north-eastern Maine, U.S.A. Although the previously released mineral resources are correct and unchanged, at the request of IIROC the Company has more clearly labeled two tables on page 2 of the release that exhibit the sensitivity of various cut-off grades on the calculated indicated and inferred mineral resources and should not be confused with the mineral resource statement. "This mineral resource estimate supports our belief that Pickett Mtn. is one of the highest-grade undeveloped massive sulphide (VMS) deposits in the base-metal sector in North America", stated Don Hoy, Senior Vice President of Exploration for Wolfden. "Our goal is to further upgrade and expand the resource while we consider various scenarios that could be used to develop a mining operation on the project. These types of deposits often occur in clusters and future exploration will test for additional satellite massive sulphide lenses that could occur elsewhere on the property and in the large prospective volcanic belt that hosts the Pickett Mtn. deposit. The past producing Buchan's mine in Nfld., another VMS deposit which occurs within the same Appalachian orogenic belt as Pickett Mtn., produced 16.2 million tonnes of ore from five lenses, that averaged 14.5% zinc, 7.6% lead, 1.3% copper, and 126 g/t silver and 1.4 g/t gold over 58 years and was one of the highest grade base metal camps in Canadian history." | |
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