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Wolfden Announces Mineral Resources Estimate for Canoe Landing - A Large Polymetallic VMS Deposit in New Brunswick
TORONTO, ON / ACCESS Newswire / April 16, 2026 / Wolfden Resources Corporation (WLF.V) ("Wol...
About this update from Wolfden Resources Corp.
[{"type":"text","content":"Wolfden Announces Mineral Resources Estimate for Canoe Landing - A Large Polymetallic VMS Deposit in New BrunswickTORONTO, ON / ACCESS Newswire / April 16, 2026 / Wolfden Resources Corporation (WLF.V) (\"Wolfden\" or the \"Company\")is pleased to announce that it has completed a maiden mineral resource estimate (MRE) for its 100% owned Canoe Landing polymetallic massive sulphide (VMS) deposit, located in the Bathurst Mining Camp of New Brunswick where the current potential precious metal value accounts for more than 50% of the total in-situ value and represents one of the largest un-developed polymetallic mineral deposits in the camp.FEBRUARY 15, 2026 - CANOE LANDING MINERAL RESOURCE STATEMENTCategoryTonnes% Cu% Pb% Zng/t Agg/t AuIndicated3,693,0000.520.571.7132.871.04Inferred17,133,0000.530.611.8333.730.95Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.The Inferred Mineral Resource in this estimate has a lower level of confidence that that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.The Mineral Resource Estimate was based on 3-year trailing average metal prices of $2,714/oz Gold, $22.59 /oz Silver, $1.33 /lb Zinc, $0.98 /lb Lead, $4.18 /lb Copper and an exchange rate of 1.36.The estimate accounts for the following metals recovered and payable respectively; Gold 35%, 95%; Silver 53%, 95%; Zinc 85%, 75%; Lead 63%, 75%; Copper 85%, 75%.The resource estimate utilized 70 drill hole intersections that span a strike length of approximately 1 kilometre, and down to a depth 850 metres with an average true thickness of 7 metres. Indicated resources are estimated from 0 to 30 metres from a drill hole intercepts and...