THUNDER BAY, ON, Dec. 11, 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
No.
|
From
(m)
|
To
(m)
|
Length
(m)
|
Zn%
|
Pb%
|
Cu%
|
Ag
(g/t)
|
Au
(g/t)
|
Pb+Zn%
|
Zn
Equivalent
|
OB-17-15
|
271.10
|
273.40
|
2.30
|
7.86
|
3.02
|
0.10
|
85.9
|
0.319
|
10.88
|
11.92
|
OB-17-16
|
337.20
|
339.50
|
2.30
|
4.95
|
1.87
|
0.39
|
64.2
|
0.783
|
6.82
|
8.33
|
OB-17-17
|
303.90
|
306.80
|
2.90
|
7.39
|
2.58
|
0.59
|
128.4
|
1.129
|
9.97
|
12.82
|
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 & US$41.13/g for Au
A total of 7drill holes comprising 2,629 metres, were completed
during this phase of drilling on the Orvan Brook deposit. Of
the 7 drill holes completed, 5 of the drill holes targeted the West
Lens of the deposit (OB-17-15, 16, 17, 19 & 20) and 2 tested
the deeper East Lens of the deposit (OB-17-18 &
21). Assays for holes 18-21 remain pending.
Highlighting the assay results from the West Lens are
intercepts of 7.86% Zn, 3.02% Pb, 0.10% Cu, 85.9 g/t Ag and .319
g/t Au over 2.30 metres in OB-17-15 and 7.39% Zn, 2.58% Pb,
0.59% Cu, 128.4 g/t Ag and 1.129 g/t Au over 2.90 metres in
OB-17-17 (see longitudinal section). Additionally, holes OB-17-19
and OB-17-20 intersected 0.35 metres and 1.00 metres of massive
sulphide, respectively. Notably, the West lens of the Orvan Brook
deposit remains open to depth.
Drill hole OB-17-18 tested the deeper East Lens in
efforts to increase the tonnage of this lens. Here, historic drill
holes intersected thicker intervals of base-metal
mineralization including 8.15% Zn, 2.86% Pb, 0.28% Cu, 82.9 g/t Ag
over 5.47 metres. Unfortunately, the presence of faulted sediments
above the anticipated target depth precluded the drill hole from
reaching the massive sulphide horizon and the drill hole was
abandoned. The last hole OB-17-21, also targeted the East lens,
intersecting 4.10 metres of massive sulphide.
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 purposes 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