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Gold/Mining/Energy : Wolfden Resources YWO.CDNX

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To: Pete who started this subject	3/1/2002 1:38:30 AM
From: Pete	Read Replies (1) of 83

Drilling is to start on Monument Bay on March 03.... ------------------------------- Wolfden Resources Inc - News Release Wolfden to commence drilling on Monument on March 3 Wolfden Resources Inc YWO Shares issued 15,112,171 Feb 28 2002 close $.400 Thursday Feb 28 2002 News Release Mr. Ewan Downie reports WOLFDEN RESOURCES INC. - DRILLING TO COMMENCE AT HIGH-GRADE M ... Drilling is scheduled to commence on March 3, 2002, at the high-grade Monument Bay gold property in northeastern Manitoba. Wolfden has recently signed an option agreement with Bema Gold Corp. where Bema can earn up to 70-per-cent interest in the Monument Bay property located approximately 350 miles northeast of Winnipeg, Man. The property is approximately 25 kilometres long by two to four kilometers wide and hosts high-grade gold mineralization within the Stull Lake greenstone belt similar to the Red Lake district in Northern Ontario. Gold mineralization is associated with narrow quartz veins and silicified zones within the Twin Lakes -- Monument Bay deformation zone. Historic drilling by Noranda Inc. and Wolfden has outlined three high-grade zones with intercepts as high as 106 grams per tonne (g/t) gold over 2.9 metres in hole 91-60, 83 g/t gold over 2.5 metres in hole 90-31 and 29.97 g/t over 4.2 metres in hole TL00-01. The most continuous of these zones, the Twin Lakes zone, will be tested with the coming 3,500-metre drill program. Drilling is designed to extend the high-grade ore shoots. Four kilometres of the total shear zone has had significant drilling while limited exploration drilling has been performed elsewhere along the trend. WARNING: The company relies upon litigation protection for "forward-looking" statements.

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