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Wolfden Resources Corp. (TSXV:WLF) announced assay results from drilling completed at its Manitoba-based Rice Island property. Drilling consisted of 1,445 meters across eight holes.
Wolfden Resources Corp. (TSXV:WLF) announced assay results from drilling completed at its Manitoba-based Rice Island property. Drilling consisted of 1,445 meters across eight holes. Partial assay results from four holes have so far been received.
As quoted in the press release:
The highlight from initial results of the winter drilling was the intersection of high-grade mineralization at the Main Zone, at very shallow depth in drill hole RI-16-22, yielding 3.63% nickel, 1.13% copper & 0.12% cobalt over a core length of 14.7 metres. This result is significant as it indicates that the Main Zone may have a sub-vertical dipping component to it, in addition to the flat-lying conformable orientation interpreted by Inco Ltd. in the historical drilling. IF this is the case, significant up-side potential exists for increasing the tonnage at the Main Zone.
Drill holes RI-16-20 through RI-16-22 all targeted the New Lower Zone at shallow depth. The New Lower Zone was intersected in all three of the drill holes with a best intercept of 3.36% nickel, 0.90% copper & 0.13% cobalt over 2.50 metres in hole RI-16-20. These drill holes confirm that the New Lower Zone is the conduit or feeder to the overlying Main Zone and that the New Lower Zone represents an important drill target for increasing the mineral inventory at Rice Island moving forward.
An additional drilling highlight was the intersection of intermittent semi-massive and massive nickel-copper sulphides over a core length of 52.1 metres in drill hole RI-16-25. This intercept includes mineralization from both the Main Zone and the underlying New Lower Zone. Assays will be released for this hole and the remaining drill holes as they become available.
Finally, drill hole SB-16-01 tested a regional target located approximately 6 kilometres northeast of the Rice Island deposit. This target comprises a coincident magnetic high and conductor (from the VTEM airborne geophysical survey) and has a similar geophysical signature as to that of the Rice Island deposit. Although significant nickel-copper mineralization was not encountered in this drill hole, minor chalcopyrite and appreciable pyrrhotite were intersected in sediments intruded by a few narrow gabbroic dikes. Additional work is warranted to continue testing this prospective target.
Click here to read the full Wolfden Resources Corp. (TSXV:WLF) press release.
