Wolfden Resources has successfully extended the high-grade footwall zone discovery at its Pickett Mountain project via additional drilling.
Wolfden Resources (TSXV:WLF) has successfully extended the high-grade footwall zone (FWZ) discovery at its Pickett Mountain project through additional drilling.
As stated in the press release:
The 2019 drill program includes up to 10,000 metres of diamond drilling, focused on expanding the Pickett Mountain mineral resource including the FWZ and other lenses as well as testing high-priority local and regional targets. Pickett Mountain is a high grade undeveloped volcanogenic massive sulphide (VMS) deposit close to infrastructure that hosts a mineral resource of 2.05 million tonnes at 19.3 percent zinc equivalent of indicated resources and 2.03 million tonnes at 20.6 percent zinc equivalent of inferred resources, using a 9 percent zinc equivalent cut-off grade, and conservative metal prices as listed below.
The new intersection is the result of a wedge-hole drilled off of hole PM-18-031 and confirms that the FWZ is a steeply dipping lens and with a horizontal width of 3.5 m at a vertical depth of 625 m below surface. The intercept is comprised of disseminated to semi-massive sulphide mineralization with appreciable sphalerite and galena and lesser amounts of chalcopyrite and pyrite contained within a silica-iron carbonate-bearing volcanic exhalative horizon. The new intercept exhibits similar textural and lithological characteristics to that of hole PM-18-031, however with lesser amounts of massive sulphides. No assessment of the base and precious metal grades or values should be assumed until the half-cut core has been analyzed at the laboratory in the coming weeks. The program will continue with one or two additional wedge holes from the same setup prior to stepping out further in all directions where the zone remains open.