Deepest intersection yields 10.2% Zn, 3.2% Pb,
0.4% Cu 126 g/t Ag and 0.5 g/t Au over 4.1
m
THUNDER BAY, ON, March 20, 2018 /CNW/ - Wolfden Resources
Corporation (WLF.V) is pleased to report the remaining results
from diamond drilling completed in late 2017, on its 100%-owned
Orvan Brook property. The property is well-located proximal to
infrastructure, 35 miles west of the City of Bathurst and 15 kilometres
east-northeast of Trevali Mining Corporation's Caribou mine and
mill facility, in the Bathurst Mining Camp of northeastern
New Brunswick.
Second Phase Drill Results
Hole ID
|
From (m)
|
To (m)
|
Length (m)
|
Zn%
|
Pb%
|
Cu%
|
Ag (g/t)
|
Au (g/t)
|
Zn
Equivalent
|
OB-17-15
|
271.10
|
273.40
|
2.30
|
7.86
|
3.02
|
0.10
|
85.90
|
0.32
|
11.96
|
OB-17-16
|
337.20
|
339.50
|
2.30
|
4.95
|
1.87
|
0.39
|
64.20
|
0.78
|
9.01
|
OB-17-17
|
303.90
|
306.80
|
2.90
|
7.39
|
2.58
|
0.59
|
128.40
|
1.13
|
13.77
|
OB-17-19
|
147.20
|
147.50
|
0.30
|
0.00
|
0.00
|
0.04
|
0.70
|
0.02
|
0.11
|
OB-17-20
|
224.70
|
225.70
|
1.00
|
12.20
|
3.87
|
0.55
|
169.00
|
0.51
|
19.31
|
OB-17-21A
|
337.90
|
342.00
|
4.10
|
10.18
|
3.22
|
0.44
|
125.50
|
0.54
|
15.97
|
Zn equivalent based
on US$1.59/lb. for Zn, US$1.16/lb for Pb, US$3.15/lb. for Cu,
US$16.61/g for Ag & US$42.82/g for Au
Hole OB-17-18 was not
completed with drill rods stuck before intersecting the
zone.
|
A total of seven drill holes comprising 2,629 metres were
completed during the second phase of drilling. Five of the holes
were completed on the West Lens and 2 on the East Lens (holes 18
and 21A) (see Figure 1 Longitudinal Section). The results confirm
the grade and width of nearby historical drill holes containing
appreciable base-metal values over significant widths such as hole
ORB95-3 with 8.2% Zn, 2.9% Pb, 0.3% Cu & 83 g/t Ag over 5.5
metres and hole ORB95-5 with 7.4% Zn, 2.3% Pb, 0.4% Cu & 89 g/t
Ag over 5.6 metres). Collectively, the widths and grades of these
holes are similar to those at the Caribou mine and are indicative
of a massive sulphide lens. Both lenses remain open at depth and
along strike and warrant further drilling for potential resource
expansion.
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.
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 and definition of sufficient
mineralization 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