Wolverine Announces Results of 2009 Exploration Program
March 03 2010 - 8:30AM
Marketwired
Wolverine Exploration Inc. ("Wolverine") (OTCBB: WOLV) carried out
geological reconnaissance along with prospecting and sampling on
three of its six Labrador licenses. Some, but not all of the known
mineralized zones were sampled as this was more of a reconnaissance
exercise until a more systematic program is put in place. In
addition, to the usual base metal sampling, scintillometer surveys
were done on the exposed rock cuts along the highway and selected
areas of the southern portions of the three licenses.
Activation Laboratories (ActLab) based in Ancaster, ON, carried
out mineral analysis of the Wolverine samples which included
uranium content. Assay results indicate that there are significant
copper values in three of the samples as outlined in the table
below. Elevated values in gold, zinc and rare earth elements along
with minor silver, cobalt and chromium are also found associated
with those samples. It appears that all of these elements are
associated with the copper-bearing malachite that intrudes both the
regional gneisses and the younger pegmatite dikes. Malachite is
sometimes associated with near surface copper deposits and it
appears here, that the copper bearing solutions that permeated up
through fractures or weak areas of the gneisses contained
percentages of the other potentially economic minerals.
---------------------------------------------------------------
Sample Cu ppm Au ppb Ag ppm Zn ppm Co ppm Ni ppm
---------------------------------------------------------------
WCR-01-09 greater than 22 3.2 71 22 58
10000
(4.01%)
---------------------------------------------------------------
WCR-02-09 1180 8 0.3 111 25 81
---------------------------------------------------------------
WCR-03-09 greater than 17 2.1 59 19 88
10000
(1.75%)
---------------------------------------------------------------
WCR-04-09 greater than 62 1.6 162 38 169
10000
(1.11%)
---------------------------------------------------------------
WCR-05-09 4890 40 2.9 142 15 14
---------------------------------------------------------------
The radiometric data shows numerous uranium anomalies and some
potassium responses that correspond with the EM trends (suggesting
geological contacts), There is a significant east-west trending
radioactive anomaly that is in excess of two kilometres in length
in the southern portion of the licenses. This has yet to be
explored. Scientillometer reading exceeds 1200 cps in some of the
rock cuts along the highway which is moderately high. It should be
noted that Aurora Energy's giant Michelin deposit in Labrador's
Central Mineral Belt has an average grade of only 0.09% U3O8.
For further information visit Wolverine's website at
http://www.wolverineexplorationinc.com/.
On behalf of the Board
Lee Costerd, CEO
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future,
including but not limited to, statements regarding potential
mineralization.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of metals
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
Contacts: Wolverine Exploration Inc. Bruce Costerd (778)
297-4409 Wolverine Exploration Inc. Richard Haderer (403) 275-4461
pubco@telus.net www.wolverineexplorationinc.com
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