Wolfden Announces Mineral Resource Estimate for Pickett Mountain
Scott Tibballs - January 7th, 2019
The estimate was completed utilizing data from 70 historic drill holes completed by Getty and Chevron during the period of 1981 to 1985 and 27 recent drill holes completed by Wolfden over the last year.
Wolfden Resources (TSXV:WLF) has announced a mineral resource estimate for its Pickett Mountain high-grade zinc-lead-copper-silver massive sulphide deposit located in Penobscot County in north-eastern Maine.
The estimate was completed utilizing data from 70 historic drill holes completed by Getty and Chevron during the period of 1981 to 1985 and 27 recent drill holes completed by Wolfden over the last year.
As highlighted in the press release:
- Indicated mineral resource of 2.05 million tonnes at 9.88 percent zinc, 3.93 percent lead, 1.38 percent copper, 101.58 grams per tonne (g/t) silver and 0.92 g/t gold (19.32 percent zinc equivalent).
- Inferred mineral resource of 2.03 million tonnes at 10.98 percent zinc, 4.35 percent lead, 1.20 percent copper, 111.45 g/t silver and 0.92 g/t gold (20.61 zinc equivalent).
- Continued expansion and infill diamond drilling on the deposit has the potential to upgrade and expand the mineral resource.
- The resource estimate utilized up to hole PM-18-29 from the 2018 drill program that included 27 intersections. Hole 32, a step-out in the West Lens, and hole 35, a step-out in the East Lens, were subsequently completed following the cut-off date. Both returned impressive intercepts of massive sulphides with assays pending.
- A potential new mineralized lens situated 180 metres to the North and parallel to the East Lens was discovered by hole 31, where assay results are pending.
Click here to read the full Wolfden Resources (TSXV:WLF) press release.
