Two drill programs are underway in Maine and New Brunswick
THUNDER BAY, ON / ACCESSWIRE / November 1, 2021 / Wolfden Resources Corporation (TSXV:WLF) ("Wolfden" or the "Company") is pleased to provide an update on two separate exploration drill programs that are underway in Maine and New Brunswick both targeting large-scale silver-rich hydrothermal systems. In addition, the Company has resource estimates underway for its two significant nickel-sulphide deposits in Manitoba.
Big Silver Project- Maine
Silver Projects - New Brunswick
Nickel Projects - Manitoba
About Wolfden
Wolfden is an exploration and development company focused on high-margin metallic mineral deposits including base, precious and strategic metals. Its wholly owned Pickett Mountain Project is one of the highest-grade polymetallic projects in North America (Zn, Pb, Cu, Ag, Au). This relatively advanced project in northern Maine is well-located near excellent infrastructure that will support near term development as detailed in a Preliminary Economic Assessment date September 14, 2020.
For further information please contact Ron Little, President & CEO, at (807) 624-1136 or Don Dudek, VP Exploration at (647) 401-9138.
The information in this news release has been reviewed and approved by Don Dudek, P. Geo., VP Exploration and Ron Little P.Eng., President and CEO, who are Qualified Persons' under National Instrument 43-101. For further information on the Pickett Mountain project, see technical report entitled "National Instrument 43-101 Technical Report, Preliminary Economic Assessment Pickett Mountain Project, Penobscot County, Maine, USA" dated September 14, 2020 on Sedar.
Wolfden adheres to strict Quality Assurance and Quality Control protocols including routine insertion of blanks and certified reference standards in each sample batch of drill core that is sent to the lab for analyses. Drill core samples are split in half using a diamond saw with one half saved for reference and the other half shipped via secure transport to Activation Laboratories sample preparation facility in Fredericton, New Brunswick. Core samples are analyzed for zinc, lead, copper and silver utilizing 4-acid dissolution followed by ICP-OES (Code 8). Gold is analyzed by fire assay (30 g) utilizing AA finish (Code 1A2) and samples with over 5 g/t are analyzed by fire assay with gravimetric finish (Code 1A3). Silver over 100 g is analyzed by fire assay with gravimetric finish (Code 8-Ag).
Note that the historical grade and width data presented for the New Brunswick projects is generally not from Wolfden work and while the Company has reasonable confidence in the quality of the data, the Company cannot guarantee the accuracy of the drill results at this time without carrying out further work.
Cautionary Statement Regarding Forward-Looking Information
This press release contains forward-looking information (within the meaning of applicable Canadian securities legislation) that involves various risks and uncertainties regarding future events. Such forward-looking information includes statements based on current expectations involving a number of risks and uncertainties and such forward-looking statements are not guarantees of future performance of the Company, and include, without limitation, metal price assumptions, cash flow forecasts, projected capital and operating costs, metal or mineral recoveries, mine life and production rates, and other assumptions used in Preliminary Economic Assessment dated September 14, 2020, information about future activities at the Pickett Mountain Project that include plans to complete additional drilling and rezoning, the results of the Preliminary Economic Assessment dated September 14, 2020, the potential upside of the Pickett Mt. Project, and the timing and completion of drill programs in Maine, Manitoba and New Brunswick and the respective drill results, and the timing of mineral resource estimates and updates. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information in this news release, including without limitation, the following risks and uncertainties: (i) risks inherent in the mining industry; (ii) regulatory and environmental risks; (iii) results of exploration activities and development of mineral properties; (iv) risks relating to the estimation of mineral resources; (v) stock market volatility and capital market fluctuations; and (vi) general market and industry conditions. Actual results and future events could differ materially from those anticipated in such information. This forward-looking information is based on estimates and opinions of management on the date hereof and is expressly qualified by this notice. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure materials filed with the securities regulatory authorities in Canada at www.sedar.com. The Company assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Figure 1. Big Silver Core photo - sedimentary breccia with silicified clasts and 10-15% light brown sphalerite (zinc mineralization)
Figure 2. California Lake Zone core photo - multi-stage cross-cutting hydrothermal breccia. Darker areas contain fine grained sulphides including sphalerite, galena, tetrahedrite and arsenopyrite. Fractures, outside of breccia are also sulphide-bearing.
Figure 3. Soil Sample Map 2021- Combined Zn + Pb + Cu ppm and Ag g/t on airborne magnetic base
SOURCE: Wolfden Resources Corporation