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Wolfden enters into letter of intent to acquire a large strategic land package adjoining the Armstrong Brook Property in the Bathurst Mining Camp
Highlights: Property is host to 5 massive sulphide deposits and adjoins Wolfden's Ar...
About this update from Wolfden Resources Corp.
[{"type":"text","content":"\n\n\nHighlights:\n\n\n\nProperty is host to 5 massive sulphide deposits and adjoins Wolfden's\n Armstrong Brook property\n\n\n\n\nMore than 25 km of prospective geological stratigraphy offers potential\n for the discovery of additional massive sulphide deposits\n\n\n\n\nHosts several untested conductors located up-ice and protecting the\n high-grade boulder clusters discovered on the Company's Armstrong Brook\n property\n\n\n\nTHUNDER BAY, ON, Nov. 20, 2013 /CNW/ - Wolfden Resources Corporation (TSXV: WLF) (\"Wolfden or \"the Company\") today announces the signing of a non-binding letter of intent to\n acquire a large strategic land package situated in the Bathurst Mining\n Camp and surrounding area in north-eastern New Brunswick. \n Collectively, the property acquisition comprises land holdings totaling\n more than 20,000 hectares (the \"Property\").\n\n\nThe Bathurst Mining Camp is a well-established mining district, hosting\n numerous mines and deposits including the Brunswick No. 12 deposit, one\n of the world's premier large massive sulphide deposits, having produced\n zinc, lead, silver and gold for well over 60 years. In addition to\n Brunswick No. 12, there are more than 30 other massive sulphide\n deposits in the Bathurst Mining Camp attesting to its vast world-class\n endowment and mineral potential.\n\n\nThe core Property adjoins Wolfden's Armstrong Brook property immediately\n to the west of it and provides the Company with: (1) additional up-ice\n target areas that may potentially host some of the bonanza-grade\n boulders occurring on the Armstrong Brook property and (2) an extensive\n strategic property position underlain by fertile terrain known to\n contain several known massive sulphide deposits (see Image 1 attached\n to this news release).\n\n\nFive (5) massive sulphide deposits and numerous base-metal occurrences\n occur on the Property including the Armstrong A, Armstrong B, Rocky Turn, Canoe Landing Lake and McMaster\n deposits. All of the deposits contain significant historic mineral resources\n that are not compliant with National Instrument 43-101 and cannot be\n relied upon for valuation purposes1 (see table below).+\n\n\n\n\n\n\n\nDEPOSIT\n\n\nTONNAGE\n\n\n %ZN \n\n\n %PB \n\n\n %CU \n\n\n G/T AG \n\n\n G/T AU \n\n\n\n\nArmstrong A\n\n\n3,377,000&...