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Wolfden resumes diamond drilling at Rice Island, Snow Lake greenstone belt, Manitoba
Wolfden resumes diamond drilling at Rice Island, Snow Lake greenstone belt, Manitoba ...
About this update from Wolfden Resources Corp.
[{"type":"text","content":"\n\n\n\nWolfden resumes diamond drilling at Rice Island, Snow Lake greenstone belt, Manitoba\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\n\n\n\n\n\nWolfden resumes diamond drilling at Rice Island, Snow Lake greenstone belt, Manitoba\nCanada NewsWire\nTHUNDER BAY, ON, Feb. 24, 2016\n\n\n\nTHUNDER BAY, ON, Feb. 24, 2016 /CNW/ - Wolfden Resources Corporation (WLF: TSX-V) (\"Wolfden\" or the \"Company\") today announces that diamond drilling has resumed on the Company's 100%-owned Rice Island property (the \"Property\"), located approximately 10 kilometres southeast of the Town of Snow Lake in west-central Manitoba. Drilling by the Company in 2015 at Rice Island yielded extremely encouraging results; confirming the grade and configuration of the Main Zone defined in historic drilling and resulted in a new discovery, known as the New Lower Zone (see Wolfden news releases dated October 26, 2015, November 17, 2015, December 16, 2015 and January 19, 2016 for details of prior drill results).\n\nDrilling efforts in the coming weeks will focus on testing the extent of the New Lower Zone (NLZ) where recent Wolfden drilling returned 2.48% Ni and 0.79% Cu over 15.60 metres (RI-15-01), 3.97% Ni and 0.95% Cu over 4.60 metres (RI-15-05), 1.14% NI and 0.70% Cu over 14.10 metres (RI-15-13) and 1.07% Ni and 0.83% Cu over 6.1 metres (RI-15-14). Efforts will also be undertaken at expanding the Main Zone (MZ) where Wolfden drilling encountered 3.29% Ni and 1.32% Cu across 12.40 metres (RI-15-15)1. The NLZ and MZ are thought to be components of a conduit or feeder system, in which channelling magmatic fluids have deposited nickel-copper mineralization at multiple sites.\n\nDrilling will also be undertaken at a high-priority target situated 5 kilometres northeast of the Rice Island deposit, comprising a coincident conductor and magnetic high defined by the airborne VTEM survey. This VTEM anomaly has a similar geophysical signature to that of the Rice Island nickel-copper deposit. Drilling results will be released as they become available.\n\n1  True widths are estimated at 70-90% of...