The Conversation (0)
Wolfden Reports Results from Winter Drilling at Rice Island, Manitoba and Plans Upcoming Drilling at Orvan Brook in New Brunswick
May. 03, 2017 08:56AM PST
Base Metals Investing Wolfden Resources (WLF:TSX-V) (“Wolfden” or the “Company) today provides a summary of results from the winter drilling program completed on the Company’s 100%-owned Rice Island property (the “Property”). The 26 square-kilometre Property is located 10 kilometres south-southeast of the Town of Snow Lake, in west-central Manitoba. Rice Island Drilling Program Results: The winter drilling program …
Wolfden Resources (WLF:TSX-V) (“Wolfden” or the “Company) today provides a summary of results from the winter drilling program completed on the Company’s 100%-owned Rice Island property (the “Property”). The 26 square-kilometre Property is located 10 kilometres south-southeast of the Town of Snow Lake, in west-central Manitoba.
Rice Island Drilling Program Results:
The winter drilling program on the Property successfully extended nickel-copper-cobalt mineralization within a recently discovered feeder structure, proximal to the historic Rice Island deposit (see Wolfden news release dated March 6, 2017). Mineralization within this new zone has been delineated over a strike length of 200 metres and to a depth of 250 metres. Specifically, the winter drilling (11 holes in total) delineated significant nickel-copper-cobalt mineralization to the southwest from the known deposit.
This new zone of mineralization known as the Boundary Zone (BZ), is interpreted to be a feeder dike or conduit, comprising fine-grained gabbro containing stringer, semi-massive and massive sulphides (pyrrhotite, chalcopyrite & pentlandite), enveloped by sedimentary rocks. Conduits are an important component within magmatic Ni-Cu-Co mineralizing systems and on their own, can be hosts to economic deposits. The BZ remains completely open along strike to the southwest and to depth; additional drilling is clearly warranted.
Upcoming Drilling Program at Orvan Brook Property, New Brunswick:
In other developments, the Company is planning an upcoming drill program on its wholly-owned Orvan Brook Zn-Pb-Cu-Ag-Au property, located in the Bathurst Mining Camp of northeastern New Brunswick. The Orvan Brook property is located approximately 15 kilometres northeast of Trevali’s Caribou mine and mill facility and has the potential to host significant high-grade VMS mineralization. Previous drilling in the Orvan Brook area intersected mineralization over a strike length of 2.3 kilometres and to depths of up to 500 metres and remains open along strike and to depth.