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Wolfden commences diamond drilling on its Tetagouche property in New Brunswick
THUNDER BAY, ON , June 24, 2014 /CNW/ - Wolfden Resources Corporation (WLF:TSX-V...
About this update from Wolfden Resources Corp.
[{"type":"text","content":"\n\n\n\n\nTHUNDER BAY, ON, June 24, 2014 /CNW/ - Wolfden Resources Corporation (WLF:TSX-V) (\"Wolfden\" or the \"Company\") today announces the commencement of diamond drilling on its Tetagouche property (the \"Property\"). The Property, comprising greater than 20,000 hectares, is located in the heart of the Bathurst Mining Camp (\"BMC\"), 25 kilometres west of the City of Bathurst in north-eastern New Brunswick.\n\nWolfden's Tetagouche property contains 5 historic massive sulphide deposits and a number of mineral occurrences including the Armstrong A, Armstrong B, Rocky Turn, McMaster and Canoe Landing Lake deposits (see Wolfden News Release dated December 9, 2013). The BMC is a well-established mining district containing the recently closed Brunswick #12 deposit that produced zinc, lead, silver and gold for well over 60 years and Trevali Mining Corporation's Caribou mine and mill facility, scheduled to re-open in 2015.\n\nThe drilling program will test prospective extensions of the Armstrong A deposit. The Armstrong A deposit contains a historic resource of 3.8 MT grading 2.26% Zn, 0.42% Pb, 0.29% Cu, 25.4 g/t Ag and 0.41 g/t Au1. Three holes will test the Armstrong horizon to the north and south of the deposit; two (2) holes testing off-hole Pulse Electromagnetic anomalies (PEM) propagated from massive sulphide-bearing drill holes yielding strongly anomalous base metal values and a third hole, testing a Titan 24 Induced Polarization (IP) anomaly situated immediately to the south of the deposit (see Armstrong A Horizon Longitudinal Section). Results from the drilling will be released as they become available.\n\nThe above drilling program forms one component of a larger integrated exploration program currently underway on the Property, focused on discovering new massive sulphide deposits.  The primary goal of the larger-scope program is to discover the bedrock source area for several clusters of high-grade massive sulphide boulders located down-ice to the east, on the adjacent Armstrong property and additional high-grade massive sulphide boulders, recently discovered on Wolfden's Tetagouche property. Accumulating geological evidence suggests that the Tetagouche property could potentially be the bedrock source area for all of the massive sulphide boulders.\n\nThe new boulder discovery on the Tetagouche property yielde...