Wolfden Resources by Investor's Digest, of Baltimore, MD. April 4,2003
International Speculator introduces Wolfden Resources as a company that "represents excellent speculative value at the moment."
To a great extent, this company's prospects stem from its
properties in the Red Lake area of Ontario.
Goldcorp is just one high-profile company with interests in the region
In 1995, it discovered a high-grade zone at Red Lake which catapulted the company into profitability. In 2000, Goldcorp posted geological data on the Red Lake mine and invited submissions on where to explore for the next six million ounces.
While several companies have enthused about their prospects in Red Lake, Wolfden stands out from the rest of the crowd. To understand why, the advisory gives a brief lesson in geology. The high-grade mineralization at Red Lake is contained within a rock unit called
Balmer Assemblage.
The most promising area of exploration is where this rock unit folds with another unit. Wolfden controls more of the folded area, outside of the active mines in the area, than any other junior. Both Teck-Cominco and Goldcorp are shareholders in Wolfden, which also says something about its potential.
Aside from its interests in Red Lake, Wolfden also has promising projects along the Ontario-Manitoba border. The advisory concludes that "given the level of activity on Wolfden's projects, the wide analyst coverage it receives among Canadian brokerage houses and the real probability that it could actually make a significant discovery, the stock is an outstanding speculation."
At the current price of $1.94 a share, Wolfden represents good speculative value for such a top-notch exploration company, the advisory says. |
