Wolfden Resources Acquires Orvan Brook Massive Sulphide Deposit in Bathurst Mining Camp
THUNDER BAY, ON, Jan. 3, 2017 /CNW/ - Wolfden Resources Corporation (WLF:TSX-V) ("Wolfden" or the "Company") is pleased to announce the acquisition of the Orvan Brook property (the "Property"), containing the Orvan Brook Cu-Pb-Zn-Ag-Au massive sulphide deposit. The 100%-owned Property (12 claim units comprising 261 hectares) acquired by claim staking, is located in the prolific Bathurst Mining Camp, approximately 35 kilometres west of the City of Bathurst and 16 kilometres northeast of Trevali Mining Corporation's Caribou mine and milling facility.
Orvan Brook Deposit
At Orvan Brook, the massive sulphide horizon has been traced for more than 2.3 kilometres along strike and has been drilled to a maximum depth of 500 metres below surface. Parts of the deposit have only been drilled to maximum depths of less than 200 metres below surface. The massive sulphide body occurs as a single lens that ranges from 0.5 to 5.5 metres in thickness and is open to depth and along strike. The most recent drilling at Orvan Brook (Noranda Mining and Exploration Inc. in 1995), returned intercepts including 0.44% Cu, 2.31% Pb, 7.37% Zn & 89.20 g/t Ag over 5.62 metres and 0.28% Cu, 2.85% Pb, 8.16% Zn & 82.9 g/t Ag over 5.47 metres, indicating the presence of thicker sections of massive sulphide at depth (below 400 metres from surface). The deposit contains a historic resource of 2.69 MT grading 0.37% Cu, 1.73% Pb, 5.95% Zn, 72.0 gpt Ag & 0.9 gpt Au1.
The Orvan Brook deposit is hosted in sedimentary rocks overlying felsic volcanic rocks, a stratigraphic position known to host some of the larger base-metal deposits in the Bathurst Mining Camp, including Trevali's Caribou deposit (Measured & Indicated Resource of 7.23 MT at 0.43% Cu, 2.93% Pb, 6.99% Zn, 84.4 gpt Ag & 0.89 gpt Au, Inferred Resource of 3.66 MT at 0.32% Cu, 2.81% Pb, 6.95% Zn, 87.3 gpt Ag & 1.23 gpt Au2).
The Company is preparing updated longitudinal sections of the Orvan Brook deposit, in preparation for an initial diamond drilling program anticipated to commence in the winter of 2017.
The addition of the Orvan Brook property to the Company's existing Tetagouche property package, bolsters Wolfden's dominant land position in the Bathurst Mining to over 24,000 hectares.
About Wolfden Resources
Wolfden is a mineral exploration company exploring the Rice Island and Nickel Island properties in Manitoba. Manitoba is ranked #6 in Canada and #19 in the world as the most favorable jurisdiction to conduct mining and exploration (Fraser Institute (2015-2016). The Company also holds a dominant, 24,000 hectare land position in the heart of the Bathurst Mining Camp in New Brunswick.
Note 1: The Orvan Brook deposit is a historic estimate that is not compliant with National Instrument 43-101 and cannot be relied upon for valuation purposes. A qualified person has not done sufficient work to classify the above historic estimate as current mineral resources and accordingly, the Company is not treating the historic estimate as current mineral resources
Note 2: Resources figures obtained from the Trevali Mining Corporation website
Source: Wolfeden Resources