Wolverine Exploration Announces Approval of Permit and Commencement of IP Survey at Cache River
November 10 2010 - 1:31PM
Marketwired
Wolverine Exploration Inc. ("Wolverine") (OTCBB: WOLV) is pleased
to announce that the previously announced induced polarization (IP)
survey is now underway on the Cache River Property in Labrador.
Previous drilling had confirmed the presence of anomalous copper in
disseminated sulphide with assay results returning grades up to
0.24% copper and anomalous gold.
The survey will be conducted by Abitibi Geophysics under the
supervision of Robert McKeown (PGeo). Approximately 45
line-kilometers of IP data will be acquired on cut-lines spaced 100
m apart. The survey is designed to detect disseminated sulphide
that may be sub-surface extensions of known surface showings and
drillhole intersections containing copper.
The IP survey will be conducted on three separate grids. The
main grid includes known surface showings and some drillhole
intersections of disseminated copper. The second grid will cover an
airborne electromagnetic anomaly that has not yet been
drill-tested. The third grid will cover a malachite showing that
returned high copper values.
Lee Costerd, Wolverine President & CEO commented, "The IP
survey was recommended to be conducted when the ground is
relatively dry but not frozen. It should only take a few weeks to
acquire the data and a further few weeks to process and interpret.
We see this survey as an important next step in defining and
locating the extensions of the surface showings which contained
grades of copper ranging from 1.38% to 6.4% to establish drill
target locations for a Phase 2 drill program."
On behalf of the Board
Lee Costerd, President
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 the IP survey
and Phase 2 drill program.
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. Ronald Jones (778) 297-4409
investor@wolverineexplorationinc.com
www.wolverineexplorationinc.com
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