Business
Wolfden Awarded $0.23M Grant from the Manitoba Government MMDF
Drill Program to commence on its Rice Island Strategic-Metal Ni-Cu-Co Deposit THUNDER BA...
About this update from Wolfden Resources Corp.
[{"type":"text","content":"Wolfden Awarded $0.23M Grant from the Manitoba Government MMDFDrill Program to commence on its Rice Island Strategic-Metal Ni-Cu-Co DepositTHUNDER BAY, ON / ACCESSWIRE / February 18, 2021 / Wolfden Resources Corporation (TSXV:WLF) (the \"Company\" or \"Wolfden\") is pleased to announce that the Company has been awarded a $230,000 grant from the Manitoba Mineral Development Fund to support a 2,300 metre diamond drill program designed to expand its wholly owned Rice Island strategic-metal nickel-copper-cobalt deposit. The deposit is well located near the town of Snow Lake and its existing infrastructure that includes power, an experienced mining work force and other operating mineral processing facilities. The drill program is expected to commence in the coming days.Highlights of the $230,000 MMDF GrantAwarded by the Manitoba Mineral Development Fund (MMDF), the granted has been approved to help expedite a diamond drill program on its Rice Island ProjectThe MMDF mandate is to jump-start mineral exploration and economic development Province-wide to create new opportunities and capitalize on existing infrastructureThe focus of the drill program to expand the mineral resource of the Rice Island nickel-copper-cobalt deposit with step-out drill holes and to explore for similar mineralization within the Project area\"The MMDF is pleased to be able to assist in a project like Rice Island that is known to contain strategic metals of nickel, copper, and cobalt in a very prospective mineral belt,\" stated Chuck Davidson, the President and CEO of the Manitoba Chamber of Commerce and Chair of the Manitoba Mineral Development Fund. \"The project is consistent with the MMDF's priority and objective to jump-start mineral exploration initiatives in Manitoba that could capitalize on existing mineral assets and infrastructure, in an effort to strengthen and diversify economic opportunities, particularly in the northern part of the Province.\"The creation of the MMDF is in response to the relative economic instability of the mining and mineral development industry in Manitoba. Projects funded by MMDF will benefit Manitoba's economy and local communities, featuring a partner-based approach to help grow and diversify the provincial economy together among other things, with Indigenous communities.\"We appreciate the generous grant, it's a strong endors...