THUNDER BAY, ON, Oct. 4, 2017 /CNW/ - Wolfden Resources
Corporation (WLF:TSX-V) ("Wolfden" or
the "Company") is pleased to announce results from
recently completed diamond drilling on its 100%-owned Orvan
Brook property (the "Property"). The Property is well located
proximal to infrastructure, approximately 35 kilometres west of the
City of Bathurst and 15 kilometres
east-northeast of Trevali Mining Corporation's Caribou mine and
mill facility, in the prolific Bathurst Mining Camp of northeastern
New Brunswick.
DIAMOND DRILLING RESULTS:
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Zn%
|
Pb%
|
Cu%
|
Ag
(g/t)
|
Au
(ppb)
|
Zn+Pb%
|
Zn
Equivalent%
|
OB-17-01
|
213.10
|
215.00
|
1.90
|
9.00
|
2.56
|
0.36
|
92.1
|
678
|
11.56
|
14.12
|
OB-17-02
|
68.60
|
71.80
|
3.20
|
7.15
|
2.35
|
0.13
|
56.8
|
435
|
9.50
|
10.76
|
OB-17-03
|
88.40
|
93.20
|
4.80
|
3.56
|
1.26
|
0.11
|
35.7
|
278
|
4.82
|
5.73
|
OB-17-03
|
88.40
|
89.80
|
1.40
|
8.75
|
2.50
|
0.18
|
53.5
|
580
|
11.25
|
12.70
|
OB-17-04
|
76.90
|
78.80
|
1.90
|
1.46
|
0.52
|
0.03
|
11.582
|
85.32
|
1.98
|
2.23
|
OB-17-05
|
106.00
|
107.00
|
1.00
|
0.27
|
0.26
|
0.09
|
15.8
|
108
|
0.53
|
1.06
|
OB-17-06
|
223.90
|
224.50
|
0.60
|
4.30
|
1.07
|
0.31
|
47.0
|
304
|
5.37
|
6.95
|
OB-17-07
|
86.90
|
87.80
|
0.90
|
10.80
|
3.00
|
0.20
|
85.0
|
433
|
13.80
|
15.52
|
OB-17-08
|
201.70
|
207.00
|
5.30
|
7.38
|
2.25
|
0.45
|
75.6
|
546
|
9.63
|
12.01
|
OB-17-08
|
201.70
|
202.50
|
0.80
|
20.10
|
5.07
|
0.18
|
125.0
|
559
|
25.17
|
27.23
|
OB-17-09
|
176.10
|
183.60
|
7.50
|
2.36
|
1.48
|
0.24
|
56.9
|
432
|
3.84
|
5.50
|
OB-17-09
|
178.40
|
183.60
|
5.20
|
2.51
|
1.83
|
0.33
|
75.7
|
577
|
4.34
|
6.62
|
OB-17-09
|
178.40
|
178.90
|
0.50
|
4.63
|
2.28
|
0.51
|
129.0
|
915
|
6.91
|
10.78
|
OB-17-10
|
240.30
|
243.30
|
3.00
|
2.62
|
0.51
|
0.17
|
25.0
|
120
|
3.13
|
3.94
|
OB-17-10
|
242.60
|
243.30
|
0.70
|
8.28
|
1.60
|
0.60
|
75.0
|
324
|
9.88
|
12.40
|
OB-17-11
|
202.40
|
202.80
|
0.40
|
6.80
|
1.97
|
0.21
|
92.0
|
495
|
8.77
|
10.93
|
OB-17-12
|
292.50
|
293.00
|
0.50
|
1.02
|
0.15
|
0.07
|
5.5
|
83
|
1.17
|
1.48
|
OB-17-13
|
268.10
|
270.00
|
1.90
|
1.78
|
0.85
|
0.19
|
38.6
|
141
|
2.63
|
3.64
|
OB-17-14
|
414.50
|
425.30
|
10.80
|
2.73
|
0.68
|
0.14
|
17.7
|
137
|
3.41
|
4.00
|
OB-17-14
|
417.40
|
425.30
|
7.90
|
3.49
|
0.89
|
0.17
|
23.5
|
181
|
4.39
|
5.16
|
OB-17-14
|
419.90
|
425.30
|
5.40
|
4.49
|
1.26
|
0.22
|
32.4
|
252
|
5.75
|
6.78
|
OB-17-14
|
422.20
|
425.30
|
3.10
|
5.90
|
1.67
|
0.27
|
41.5
|
274
|
7.57
|
8.80
|
Analyses completed
by Activation Laboratories in Ancaster, Ontario utilizing the 1A2 –
Fire Assay AA, 1H INAA (INAAGEO)/Total Digestion (Total) and UT-7
Sodium Peroxide Fusion (ICP & ICPMS) analytical
packages
|
|
Zn equivalent
based on US$2.93/lb. for Cu, US$1.13/lb. for Pb, US$1.45/lb. for Zn
US$0.53/g for Ag & US441.13/g for Au
|
A total of 14 drill holes comprising 3,239 metres, were
completed during the initial phase of drilling on the Orvan Brook
deposit, over an intermittent strike length of 1.5 kilometres
(Figure 1). All of the drilling tested the deposit at shallow to
moderate depths of up to 300 vertical metres with the exception of
drill hole OB-17-14, that tested the deposit at a vertical depth of
400 vertical metres.
Highlighting the drill results are intercepts of 7.15% Zn,
2.35% Pb, 0.13% Cu, 56.8 g/t Ag & 0.44 g/t Au over 3.20
metres (OB-17-2), 7.38% Zn, 2.25% Pb, 0.45% Cu, 75.6 g/t Ag
& 0.55 g/t Au over 5.30 metres (OB-17-08) and 4.49% Zn,
1.26% Pb, 0.22% Cu, 32.4 g/t Ag & 0.25 g/t Au over 5.40
metres (OB-17-14). The remaining assays from the drilling
program are tabulated above.
A second phase of drilling has commenced testing the deeper
levels of the deposit in the locale of drill hole OB-17-14 and
other historic holes, that intersected 8.16% Zn, 2.85% Pb, 0.28%
Cu & 82.9 g/t Ag over 5.47 metres as well as 7.37%
Zn, 2.31% Pb, 0.44% Cu & 89.2 g/t Ag over 5.62 metres
(Area of Interest on Longitudinal Section). Here, thicker
intercepts of existing mineralization are currently thought to
offer the best chance of defining a mineral resource with
significant grades. Assays from the second phase of drilling will
be released as they become available.
The technical information in this news release has been
prepared and approved by Donald Hoy,
President, CEO and a director of the Company. Mr. Hoy is a
Qualified Person for the purpose of National Instrument
43-101.
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 (Fraser Institute (2016-2017)).
This press release contains forward-looking information
(within the meaning of applicable Canadian securities legislation)
that involves various risks and uncertainties regarding future
events. Such forward-looking information includes statements based
on current expectations involving a number of risks and
uncertainties and such forward-looking statements are not
guarantees of future performance of the Company, and include,
without limitation, statements relating to the timing for the
completion of a mineral resource estimate on the Orvan Brook
property, plans and results of exploration and the magnitude and
quality of the property. There are numerous risks and uncertainties
that could cause actual results and the Company's plans and
objectives to differ materially from those expressed in the
forward-looking information in this news release, including without
limitation, the following risks and uncertainties: (i) risks
inherent in the mining industry; (ii) regulatory and environmental
risks; (iii) results of exploration activities and development of
mineral properties; (iv) risks relating to the estimation of
mineral resources; (v) stock market volatility and capital market
fluctuations; and (vi) general market and industry conditions.
Actual results and future events could differ materially from those
anticipated in such information. This forward-looking information
is based on estimates and opinions of management on the date hereof
and is expressly qualified by this notice. 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 at
www.sedar.com. The Company 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
applicable law.
Neither 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