Wolfden Announces Additional Drill Results from Pickett Mtn. Maine Highlights include 7.9 m at 14.8% Zn, 5.7% Pb, 2.4% Cu, 187.3 g/t Ag & 1.3 g/t Au
Wolfden Announces Additional Drill Results from Pickett Mtn. Maine
Highlights include 7.9 m at 14.8% Zn, 5.7% Pb, 2.4% Cu, 187.3 g/t Ag & 1.3 g/t Au
THUNDER BAY, ON, April 4, 2018 /CNW/ - Wolfden Resources Corporation (WLF.V) is pleased to
announce results for the next five drill holes completed on its wholly-owned Pickett Mountain base-metal
project, in Northern Maine, U.S.A. Pickett Mountain is one of the highest-grade undeveloped VMS
projects in North America.
The ongoing 10,000 metre drill program is intended to infill and confirm historical results from the 1980's
that included approximately 90 drill holes. The program will soon focus on expanding the limits of the
previously defined massive sulphide mineralization that consists of two lenses approximately 400 m in
length, 4 to 10 m in width and up to 800 m in depth. Wolfden intends to complete a qualified mineral
resource estimate by year end using the historical data in combination with its own data.
Drill holes PM-18-004, 005 and 006 tested the East Lens while PM-18-007 and 008 tested the West Lens.
Holes PM-18-005 and 006A both intersected wide zones of massive sulphide comprised primarily of
pyrite and as a result, returned lower values of base-metal mineralization in the upper most portion of the
East Lens. The other holes returned high-grade base-metal mineralization over appreciable widths.
Results for all of the drill holes are tabulated below.
Hole ID From (m) To
(m)
Length
(m)
True
Width(m) Zn% Pb% Cu% Ag (g/t) Au (g/t) Zn+Pb+Cu%
PM-18-004 173.6 180.9 7.3 6.5 13.8 5.1 1.3 144.7 1.1 20.3
PM-18-005 278.1 323.9 45.8 30.0 1.3 0.5 0.6 24.0 0.4 2.4
PM-18-005 incl. 278.1 282.0 3.9 2.6 2.9 1.1 0.5 31.9 0.4 4.6
PM-18-006A 254.5 296.9 42.4 28.0 1.7 0.6 0.6 22.8 0.4 2.9
PM-18-006A incl. 290.7 294.9 4.2 2.8 3.4 1.2 1.0 40.9 0.6 5.6
PM-18-007 279.7 311.2 31.5 20.0 4.4 1.6 1.0 60.5 0.6 7.0
PM-18-007 incl. 279.7 287.6 7.9 5.1 14.8 5.7 2.4 187.3 1.3 22.9
PM-18-008 342.3 346.0 3.7 2.8 12.8 3.6 0.3 63.9 0.5 16.7
To date, fifteen drill holes have been completed and the program is expected to continue based on
positive results. Laboratory results from the drilling have been slower than expected as result of the high
level of activity in the area from other Companies. Wolfden will explore all possibilities to speed up the
return of results.
Expansion Potential
Ground geophysical surveys have commenced over the main mineralization and potential extensions in
order to generate the next round of drill targets. Surveys include, a recently completed induced
polarization (IP) survey where preliminary results exhibit a very strong IP signature associated with the
main zone as well as a similar and continuing signature along-strike to the northeast and southwest
extensions. Once these results have been refined, they will be follow-up with ground trothing and drilling.
An upcoming large-loop ground electromagnetic (EM) survey (EM) as well as bore-hole EM surveys will
further assist in identifying potential drill targets, particularly at depth. This survey is expected to be
completed in April.
A regional airborne geophysical survey (VTEM) will follow the completion of the ground EM survey to
explore approximately 20km of the favourable belt of volcanic rocks with the goal of identifying "look-a-
like" signatures to the Pickett Mtn. main zone. Typically, massive sulphide districts in the North American
Appalachians, including Bathurst and Buchans, are characterized by the presence of several deposits or
clusters of lenses and mineralization. Ground trothing will follow-up any new targets identified by the
regional survey that should be completed by early May.
Quality Assurance / Quality Control
Wolfden adheres to strict Quality Assurance and Quality Control protocols including routine insertion of
blanks and certified reference standards in each sample batch of drill core that is sent to the lab for
analyses. Drill core samples are split in half using a diamond saw with one half saved for reference and
the other half shipped via secure transport to Activation Laboratories sample preparation facility in
Fredericton, New Brunswick. Core samples are analyzed for zinc, lead and copper utilizing sodium
peroxide fusion, acid dissolution followed by ICP-OES (Code 8). Gold is analyzed by fire assay (30 g)
utilizing AA finish (Code 1A2) and samples with over 5 g/t are analyzed by fire assay with gravimetric
finish (Code 1A3). Silver is analyzed by fire assay with gravimetric finish (Code 8-Ag).
About Wolfden
Wolfden is a Canadian exploration and development company focused on advancing its wholly owned
high-grade (Zn, Pb, Cu, Ag) VMS Pickett Mountain Project in Maine, USA. Located close to excellent
infrastructure, the company plans to complete sufficient exploration, definition drilling and various
technical studies in order to demonstrate the economic potential for an underground mining scenario on
the Project.
The information in this news release has been prepared and approved by Donald Hoy, M.Sc., P. Geo.,
President and CEO, who is a Qualified Person under National Instrument 43-101.
Cautionary Statement regarding Forward-Looking Information
This news release contains certain information that may constitute forward-looking information or forward-
looking statements under applicable Canadian and United States securities legislation (collectively,
"forward-looking information"), including but not limited to information about future drilling activities at the
Pickett Mountain Project; the timing and completion of an anticipated mineral resource estimate and
technical studies at the Pickett Mountain Project; and the scope of and the anticipated effect of new
mining legislation in Maine. This forward-looking information entails various risks and uncertainties that
are based on current expectations and actual results may differ materially from those contained in such
information. These uncertainties and risks include, but are not limited to, the strength of the global
economy; the price of base metals and minerals generally; operational, funding and liquidity risks; the
degree to which mineral resource estimates are reflective of actual mineral resources; the degree to
which factors which would make an underground mineral deposit commercially viable are present; the
risks and hazards associated with mineral exploration and mining operations; and the ability of Wolfden to
fund its substantial capital requirements and operations. Risks and uncertainties about the Company's
business are more fully discussed in the Company's disclosure materials filed with the securities
regulatory authorities in Canada available at www.sedar.com. Readers are urged to read these materials.
Wolfden assumes no obligation to update any forward-looking information or to update the reasons why
actual results could differ from such information unless required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Pickett Mountain Project - Longitudinal Section
SOURCE Wolfden Resources Corporation
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For further information: please contact Donald Hoy, President and CEO at (807) 624-1131, or
Ronald Little, Director, at (613) 862-3699.
CO: Wolfden Resources Corporation
CNW 07:24e 04-APR-18