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Wolfden Confirms Massive Sulphides Zone in Maine and Completes Placement
Wolfden Confirms Massive Sulphides Zone in Maine and Completes Placement Canada Ne...
About this update from Wolfden Resources Corp.
[{"type":"text","content":"\n\n\n\nWolfden Confirms Massive Sulphides Zone in Maine and Completes Placement\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTHUNDER BAY, ON, Jan. 15, 2018\n\n\n\nInitial 10,000 metre Drill Program Underway to Define and Expand Resources \n\n\n\nTHUNDER BAY, ON, Jan. 15, 2018 /CNW/ - Wolfden Resources Corporation (WLF.V) is pleased to announce that it has intersected massive sulphide mineralization (VMS) in each of the first two drill holes completed on its wholly owned Pickett Mountain base-metal property, located in Northern Maine, U.S.A. The 10,000 metre definition and expansion drill program is designed to confirm and expand upon historical drill results from the 1970's and 1980's on what was known then as the Mount Chase VMS deposit.  Wolfden renamed the project as the main zone of mineralization, comprised of two lenses that span 900 metres in length and up to 800 m deep, is located closer to Pickett Mountain than Mount Chase. Based on the historical drill results, Pickett Mountain is one of the highest-grade undeveloped VMS projects in North America.  The project has not been explored in thirty years and remains open at depth and along strike.  Wolfden acquired the project last fall with financing from Altius Minerals Corporation (ALS.T), after changes were implemented to the State of Maine's mining code.  The 6870-acre property includes all mineral, mining and timber rights.\n\n\n \n \n\n \nWith drilling underway, the 2018 work program will also include during the first quarter, detailed ground and airborne geophysical surveys over the main zone and the favourable package of host rocks.  By defining the signature and characteristics of the main zone, the company hopes to identify other lenses of VMS mineralization in the wall rocks and along stratigraphic trend.  All work is focused on developing a qualified resource estimate during 2018 that will be sufficient to study the economic potential of an underground mining scenario for the Project.\n\nThe first two holes intersec...