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Wolfden signs definitive agreement to acquire large strategic land package with historical resources adjoining the Armstrong Brook property in the Bathurst Mining Camp
THUNDER BAY, ON , Dec. 9, 2013 /CNW/ - Wolfden Resources Corporation (WLF:TSX-V) ("...
About this update from Wolfden Resources Corp.
[{"type":"text","content":"\n\n\n\n\n\nTHUNDER BAY, ON, Dec. 9, 2013 /CNW/ - Wolfden Resources Corporation (WLF:TSX-V) (\"Wolfden\" or the \"Company\") is pleased to announce the signing of a definitive purchase agreement\n (the \"Agreement\") regarding the purchase by Wolfden of a large strategic land package\n situated in the Bathurst Mining Camp in north-eastern New Brunswick.\n comprising land holdings totaling more than 20,000 hectares (the \"Property\") (see Wolfden news release dated November 20, 2013). The Bathurst\n Mining Camp contains over 30 massive sulphide deposits including the\n Brunswick No. 12 zinc-lead-silver deposit; a testament to its\n world-class endowment and mineral potential.\n\n\nThe Property:\n\n\nThe Property adjoins Wolfden's Armstrong Brook property immediately to\n the west of it and contains a number of untested, up-ice, airborne\n electromagnetic anomalies (MegaTEM & Aerodat frequency-domain surveys),\n that may potentially host some of the bonanza-grade boulders on the\n Armstrong Brook property (see attached Image 1). In addition, the Property contains 5 historic massive sulphide\n deposits and numerous mineral occurrences including the Armstrong A, Armstrong B, Rocky Turn, McMaster and Canoe Landing Lake\n deposits. The area is well served with access infrastructure and the Brunswick No.\n 12 mill is located approximately 25 kilometres to the east of the\n Property. Historic resources are documented for these deposits in the table\n 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\nG/T AG\n\n\nG/T AU\n\n\n\n\nArmstrong A\n\n\n3,377,000\n\n\n3.26\n\n\n0.42\n\n\n0.29\n\n\n25.37\n\n\n0.41\n\n\n\n\nArmstrong B\n\n\n488,583\n\n\n1.10\n\n\n0.23\n\n\n0.67\n\n\n13.71\n\n\n0.10\n\n\n\n\nRocky Turn\n\n\n131,000\n\n\n8.43\n\n\n2.69\n\n\n0.28\n\n\n101.00\n\n\n3.10\n\n\n\n\nCanoe Landing Lake\n\n\n22,800,000\n\n\n1.82\n\n\n0.64\n\n\n0.56\n\n\n32.23\n\n\n1.17\n\n\n\n\nMcMaster\n\n\n250,000\n\n\n \n\n\n \n\n\n0.75\n\n\n \n\n\n \n\n\n\n\n\n\n\nAll of the deposits are historic mineral resources that are not\n compliant with National Instrument 43-101 and cannot be relied upon for\n valuation purposes. A qualified person has not done sufficient work to\n classify the above historic resources as current mineral resources and\n accordingly, the Company is not treating the historical estimat...