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Wolfden Announces Issuance of Restricted Share Units
Wolfden Announces Issuance of Restricted Share Units Canada NewsWire THUNDER BAY...
About this update from Wolfden Resources Corp.
[{"type":"text","content":"\n\n\n\nWolfden Announces Issuance of Restricted Share Units\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTHUNDER BAY, ON, July 16, 2020\n\n\n\nTHUNDER BAY, ON, July 16, 2020 /CNW/ - Wolfden Resources Corporation (WLF.V) (\"Wolfden\" or the \"Company\") announces that an aggregate of 1,070,000 restricted share units (\"RSUs\") have been granted to management of the Company pursuant to the terms of their employment agreements and in respect of annual performance in 2019. Each RSU entitles the recipient to receive one common share in the capital of the Company, or a cash payment equal to the equivalent of one common share in the capital of the Company, following the vesting period of the RSU.\nAbout Wolfden and the Pickett Mountain Project\nWith the support of major investors Kinross Gold Corporation and Altius Minerals, Wolfden plans to explore and develop its wholly owned Pickett Mountain Project in Maine, USA, one of the highest-grade polymetallic projects in North America (Zn, Pb, Cu, Ag, Au). This relatively advanced project is well-located near excellent infrastructure which will support straight forward development.\nPickett Mountain Mineral Resources* as at January 7, 2019 using a 9% ZnEq cut-off\n2.05 Mt at 19.32% ZnEq of Indicated (9.9% Zn, 3.9% Pb, 1.4% Cu, 102 g/t Ag & 0.92 g/t Au) 2.03 Mt at 20.61% ZnEq of Inferred (11.0 % Zn, 4.4% lead, 1.2% Cu, 111 g/t Ag & 0.92 g/t Au)Upcoming Milestones\n5,000 metre exploration drill program underway to further expand resources Preliminary Economic Assessment planned for Q3 2020 Approval of the rezoning petition would be a significant milestone by 2021 Securing additional high-grade projects and exploration drill targets in MaineThe information in this news release has been reviewed and approved by Don Dudek, P. Geo., VP Exploration, and Ron Little P.Eng., President and CEO, who are Qualified Persons' under National Instrument 43-101. The metal prices used to determine Zinc Equivalent (ZnEq) grades are US$1.20/pound for zinc, US$1.00/pound for lead, US$2.50/pound ...