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Wolfden Resources Corp.
Summary
| Project: | Rice Island | |
|---|---|---|
| Deposit: | Rice Island | |
| Location: | Canada | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 3/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-3-2017: Wolfden Resources Corp. announces an Exploration/Drilling Update report for its Rice Island deposit at the Rice Island project. Drilling results incl. 8.30m @ 2.24% Ni, 1.42% Cu, 0.1% Co from 169.7m. Wolfden Resources Corporation (WLF:TSX-V) ("W | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Donald Hoy (Internal) | |
| ABSTRACT: | Wolfden Resources Corporation (WLF:TSX-V) ("Wolfden" or the "Company) is pleased to announce favourable initial results from the ongoing winter drilling program, on the Company's 100%-owned Rice Island property (the "Property"). The 26 square-kilometre Property is located 10 kilometres south-southeast of the Town of Snow Lake, in west-central Manitoba. he current drilling program on the Property has successfully extended nickel-copper-cobalt mineralization within a recently discovered feeder structure, proximal to the historic Rice Island deposit. Specifically, the first four (4) drill holes tested a prominent electromagnetic conductor at shallow depth, believed to be reflecting mineralization located to the southwest of the known deposit, in an area where there had been no historical drilling. All four of the drill holes intersected significant nickel-copper-cobalt mineralization highlighted by hole RI-17-30, yielding an intercept of 2.24% Ni, 1.42% Cu & 0.10% Co over 8.30 metres. This new zone of mineralization known as the Boundary Zone (BZ), is interpreted to be a feeder dike or conduit, comprising fine-grained gabbro containing stringer, semi-massive and massive sulphides (pyrrhotite, chalcopyrite & pentlandite), enveloped by sedimentary rocks. Conduits are an important component within magmatic Ni-Cu-Co mineralizing systems and on their own, can be hosts to economic deposits. The BZ remains completely open along strike to the southwest and to depth. | |
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