Latest Wolfden drill results- very large copper intersect at High Lake
Wolfden Intersects 14.32% Copper Across 10.55 Meters At High Lake
Thunder Bay, Ontario
Shares Issued: 15,141,921
WOLFDEN RESOURCES INC. (TSX Venture: YWO - News) is pleased to announce that ongoing drilling at its 100% owned High Lake Property
in Nunavut, Canada continues to extend mineralization. The highlight to date is Hole No. HLW-208, which intersected two copper zones at the
southern end of the B-Zone (one zone - assays pending). The current Phase I program will consist of diamond drilling using two drill rigs and airborne
geophysics. The budget for the current program is approximately $2,000,000 and drilling is expected to continue throughout the summer.
Hole No. HLW-203 intersected 17.45 meters of mainly pyrrhotite mineralization down dip and south on the B-Zone. Hole No. 204 intersected the
down-dip extension of the B-Zone and Hole No. 208 is partial results for the first hole drilled in the south end of the B-Zone during the current
program. Ongoing drilling continues to intersect base metal mineralization and both zones remain open for expansion. The following table summarizes
the results of five of the first eight holes:
Hole No. Zone Grid Co-ord Dip Az. Intersection(m)
---------------------------------------------------------------
HLW-201* B-Zone 4+32N-6+63W 66 90 203.50-240.45
Including 213.70-230.20
B-FW 240.45-249.15
HLW-202* Upper 2+80S-4+60W 62 90 181.35-185.00
D-Zone 212.00-240.30
D-FW 240.30-255.25
HLW-203 B-Zone 4+34N-7+00W 66 96 241.35-242.35
HLW-204 B-Zone 4+34N-7+00W 65 87 261.60-264.60
B-Zone 272.80-288.90
HLW-208 B-Zone 3+80N-5+55W 55 90 101.00-125.45
Including 113.75-124.30
Hole No. Int.(m) Cu% Zn% Au(g/t) Ag(g/t)
---------------------------------------------------------------
HLW-201* 36.95 2.57 Tr. 0.28 16.80
16.50 3.27 Tr. 0.30 18.80
8.70 1.17 Tr. 0.51 15.25
HLW-202* 3.65 1.85 2.57 1.32 51.99
28.30 2.38 6.59 0.36 34.68
14.95 2.26 2.11 0.15 21.52
HLW-203 1.00 4.64 0.41 3.77 155.00
HLW-204 3.00 2.93 Tr. 0.20 65.63
16.10 3.52 Tr. 0.37 41.72
HLW-208 24.45 7.06 Tr. 0.31 18.57
10.55 14.32 Tr. 0.53 34.47
* Previously released FW - Footwall Assays by Accurassay
Mineralization Laboratories, Thunder
Bay, Ontario
Massive and semi-massive sulphides of varying widths have been intersected in holes 205, 207, 210 and 211. Further assays are pending from Hole
No. 208.
Wolfden is currently expanding its land position in the High Lake area and is considering expanding the current program to explore the potential of the
entire belt. In addition, Wolfden has acquired by staking three gold properties in northwestern Ontario: the Narrow Lake Property in the Red Lake
Mining District, the Rapson Bay Property located along strike and on the geological extension of the Monument Bay (Bema Gold - Wolfden joint
venture) stratigraphy in Ontario, and the Sor Lake Property in the Patricia Mining District.
Wolfden is a Canadian based mineral exploration and development company engaged in the exploration of economic mineral deposits. |
