THUNDER BAY, ON, Nov. 17, 2017 /CNW/ - Wolfden Resources
Corporation (WLF:TSX-V) ("Wolfden" or
the "Company") is pleased to announce that it has been
invited to participate in the Geological Society of Maine's Annual Fall Meeting to be held in
Augusta, Maine, U.SA, on
November 17, 2017. The theme of the
meeting is 'Opportunities and Challenges Facing Maine's Mineral
Resource Industries'.
Mr. Donald Hoy, President and CEO
of the Company, will deliver one of several presentation at the
meeting entitled 'Picket Mountain Project and Undiscovered Mineral
Potential' and will participate in a panel discussion that will
include Mr. Tom Saviello of the
Maine State Senate, Mr. Ralph Tucker
of the Maine State House of Representatives, as well as other State
regulators that were instrumental in the formulation and enactment
of the new mining legislation recently adopted in the State of Maine.
Mr. Donald Hoy stated, "We are
pleased to be participating in this conference that is timely in
terms of the completion of the Pickett Mountain acquisition and the
onset of preliminary exploration prior to year-end. It presents an
excellent opportunity for the Company to interact with key
Government and private sector personnel that worked hard to get the
new mining legislation passed."
Recently, LD 820 was enacted by the Maine legislature, permitting mining of
metallic minerals in Maine in
certain prescribed situations. The new legislation took effect on
November 1, 2017. Prior to the
introduction of proposed new legislation in 2013 and the enactment
of LD 820 into law in 2017, there was little mining and mineral
exploration in Maine. Interest in
the geology and potential for VMS projects like the Pickett
Mountain Project has been revived with zinc and copper price
appreciation and the opening up of the mine permitting regime under
specific prescribed limitations. Wolfden sees significant
exploration opportunity in this jurisdiction that it believes is
vastly under-explored.
About Wolfden Resources:
Wolfden is a mineral exploration company exploring for base
metals in the State of Maine as
well as nickel-copper properties in Manitoba. Manitoba is ranked #2 in Canada and #2 in the World as the most
favourable jurisdiction to conduct mining and exploration (Fraser
Institute (2016-2017). The Company also retains a 16,000 hectare
land position in the Bathurst Mining Camp in northern New Brunswick.
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
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; 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 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.
SOURCE Wolfden Resources Corporation