Wolfden Commences Diamond Drilling on the Pickett Mountain Base-Metal Property in Penobscot County, Maine, USA
Wolfden Commences Diamond Drilling on the Pickett Mountain Base-Metal
Property in Penobscot County, Maine, USA
THUNDER BAY, ON, Dec. 18, 2017 /CNW/ - Wolfden Resources Corporation (WLF:TSX-V)
(" Wolfden " or the "Company") is pleased to announce that it has commenced diamon d drilling on its
wholly-owned Pickett Mountain Property, located in Penobscot County, northern Maine, U.S.A (the
"Property'). The Property comprises 6,871 acres of timberland and all mineral, mining, subsurface and
surface rights and includes the Pickett Mountain vo lcanogenic massive sulphide (VMS) deposit.
The Pickett Mountain VMS Deposit:
The Pickett Mountain Zn-Pb-Cu-Ag deposit is thought to be one of the highest-grade undeveloped VMS
deposits in North America. The deposit was discovered by Getty Mines Ltd. in 1979, using a combination
of soil surveys and diamond drilling and has not been explored since 1989.
Wolfden management believes that the Property has e xcellent potential to host a VMS deposit as
evidenced by grades obtained from historic diamond drilling 1 that intersected (true widths):
• 18.66% Zn, 10.27% Pb, 1.63% Cu & 6.72 oz/t Ag over 7.70 metres
• 14.65% Zn, 6.48% Pb, 2.74% Cu & 3.78 oz/t Ag over 7.68 metres
• 15.95% Zn, 7.41% Pb, 1.41% Cu & 5.25 oz/t Ag over 7.30 metres
• 13.71% Zn, 5.25% Pb, 1.07% Cu & 3.57oz/t Ag over 6.30 metres
1 Data documented in an internal report authored by Getty Mines Ltd .
The Pickett Mountain deposit has been traced over a strike length of approximately 900 metres and
remains open along trend and at depth. The first p hase exploration program that will continue into 2018
is expected to include some 10,000 metres of delineation and expansion drilling. A large loop ground
electromagnetic survey (EM) and downhole EM surveys will be completed concurrent with the drilling
program to assist in targeting. Drill results will be released as they become available.
About Wolfden Resources :
Wolfden is a mineral exploration company holding nickel properties in Manitoba and Zn-Pb-Cu base-
metal properties in Maine, USA and in New Brunswick (>24,000 hectares). Manitoba is ranked #2 in
Canada and #2 in the world as the most favorable jurisdiction to conduct mining and exploration (Frase r
Institute (2016-2017)).
The information in this news release has been prepared and approved by Donald Hoy, M.Sc., P. Geo.,
President and CEO and a director of the Company. Mr. Hoy is also a Qualified Person under National
Instrument 43-101.
Cautionary Statement regarding Forward-Looking Info rmation
This news release contains certain information that may constitute forward-looking information or forw ard-
looking statements under applicable Canadian (collectively, "forward-looking information"), including but
not limited to information about future drilling activities and results at the Pickett Mountain Project; the
potential of the Picket 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 a mineral deposit co mmercially 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 disclosur e materials filed with the securities regulatory
authorities in Canada available at www.sedar.com . Readers are urged to read these materials. Wolfde n
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.
SOURCE Wolfden Resources Corporation
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%SEDAR: 00033002E
For further information: Donald Hoy, President and CEO, Wolfden Resources C orporation, Tel:
(807) 624-1131, Email: [email protected]
CO: Wolfden Resources Corporation
CNW 06:00e 18-DEC-17