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Wolfden Files NI-43-101 Technical Report for the Nickel Island Nickel Project
THUNDER BAY, ON / ACCESSWIRE / February 24, 2022 / Wolfden Resources Corporation (WLF.V) ("W...
About this update from Wolfden Resources Corp.
[{"type":"text","content":"Wolfden Files NI-43-101 Technical Report for the Nickel Island Nickel ProjectTHUNDER BAY, ON / ACCESSWIRE / February 24, 2022 / Wolfden Resources Corporation (WLF.V) (\"Wolfden\" or the \"Company\") is pleased to announce that an independent technical report entitled \" Technical Report and Mineral Resource Estimate on the Nickel Island Project, Island Lake, Manitoba, with an effective date of January 3, 2022 has been filed on SEDAR.Highlights of the report were previously announced by the Company in a news release dated January 10, 2022 including:Nickel Island Mineral Resource Estimate dated January 3, 2022 using a 0.5% NiEq cut-off8.5 Mt at 0.86% NiEq Inferred Mineral Resource (0.82% Ni and 0.08% Cu)\"This Initial Mineral Resource Estimate confirms that the Nickel Island deposit has sufficient size, grade and expansion potential to be regarded as Wolfden's third significant development project (and second nickel sulphide deposit) in the North American EV metal space,\" commented Ron Little, President and CEO for Wolfden. \"Adding to this, the geological setting appears to be strongly indicative for the potential extension of the deposit and the discovery of additional mineralization with high nickel tenor and PGE's on the Property and surrounding area.\"About the Nickel Island ProjectA significant amount of coincident magnetic highs and electromagnetic anomalies remain to be tested both along strike and along a parallel, nickel bearing horizon immediately to the south. These targets are viewed by management as having a high potential for the discovery of additional nickel mineralization. These targets will be re-surveyed with a modern geophysical survey prior to drilling testing. The work permits filed in Q4 2021remain outstanding and are not likely to be received in time for the winter program to commence in 2022.The Nickel Island Ni-Cu-Co-PGE sulphide deposit is a southeast-trending, steeply dipping, lenticular zone of massive to disseminated nickel-bearing sulphide mineralization. The peridotite (to komatiitic) host rocks are generally magnetic, can be traced along strike and are interpreted to extend over 50 kilometres.The deposit consists of a steeply-south-dipping panel of nickel-bearing sulphide mineralization that can be traced for 900 metres along strike and to 400 metres depth and appears open in all directions. This...