Drill Results 2002 Message Board

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Gold/Mining/Energy : Drill Results 2002

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To: Pete who started this subject	6/17/2002 9:33:33 PM
From: Pete	of 22

More Wolfden drill results today: Wolfden High Lake drill program extends mineralization Wolfden Resources Inc YWO Shares issued 15,111,921 Jun 14 2002 close $1.700 Monday Jun 17 2002 News Release Mr. Ewan Downie reports WOLFDEN INTERSECTS ADDITIONAL HIGH GRADE MINERALIZATION AT HI ... Drilling at Wolfden's 100-per-cent-owned High Lake property in Nunavut continues to extend mineralization in both the B and D zones. Drilling has intersected additional mineralization on the north end of the D zone, and full assaying in hole No. HLW-208 has extended the previously announced high-grade copper intersection. 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-million and drilling is expected to continue throughout the summer. Full assaying of the main horizon in hole HLW-208 drilled to test the south end of the B zone, extended the zone from 24.45 metres grading 7.06 per cent Cu (see Stockwatch May 12) to 47.8 metres grading 5.35 per cent Cu including two higher grade intervals -- 4.65 metres grading 9.11 per cent Cu and 10.55 metres grading 14.32 per cent Cu. Hole No. HLW-205 intersected 10.75 metres grading 1.56 per cent Cu and 10.87 per cent Zn in the D zone approximately 40 metres down dip of HLW-202 (28.3 metres grading 2.4 per cent Cu, 6.6 per cent Zn). HLW-206 did not penetrate through the granodiorite in the B zone due to drilling difficulties however it indicates limited potential of the B zone horizon on this section. Additional assays from other mineralized sections in hole HLW-208 are pending, as well as for holes 207, 210 and 211. The current program consists of step-out drilling along strike and down dip in the B and D zones, and both zones remain open for expansion. The following table summarizes the results received from holes HLW-205 and 208: Hole No. Zone Grid co-ord Dip Az. HLW-205 Upper 2+80S-4+95W 63 90 D zone D-FW Lower HLW-206 B zone 4+35N-7+40W 66 90 HLW-208 B zone 3+80N-5+55W 55 90 including and Hole No. Zone Intersection (m) HLW-205 Upper 227.00-230.00 D zone 244.15-254.90 D-FW 261.90-270.50 Lower 289.20-295.35 HLW-206 B zone NSA HLW-208 B zone 77.65-125.45 88.85-93.50 113.75-124.30 Table cont. Hole No. Zone Grid Co-ord Int.(m) Cu% HLW-205 Upper 2+80S-4+95W 3.00 3.75 D zone 10.75 1.56 D-FW 8.60 1.40 Lower 6.15 1.58 HLW-206 B zone 4+35N-7+40W HLW-208 B zone 3+80N-5+55W 47.80 5.35 including 4.65 9.11 and 10.55 14.32 Table cont. Hole No. Zone Zn% Au Ag (g/t) (g/t) HLW-205 Upper 0.12 0.28 31.00 D zone 10.87 0.63 66.93 D-FW 2.72 0.28 15.65 Lower 2.20 0.18 20.33 HLW-206 B zone HLW-208 B zone Tr. 0.28 17.73 Tr. 0.62 39.41 Tr. 0.53 34.47 NSA -- no significant assays Assays were performed by Accurassay Laboratories, Thunder Bay, Ont. WARNING: The company relies upon litigation protection for "forward-looking" statements.

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