THUNDER BAY, ON, June 15, 2017 /CNW/ - Wolfden Resources Corporation (WLF:TSX-V) ("Wolfden" or the "Company") is pleased to announce that it has commenced diamond drilling on its 100%-owned Orvan Brook property (the "Property"). The Property is well located proximal to infrastructure, approximately 35 kilometres west of the City of Bathurst and 15 kilometres east-northeast of Trevali Mining Corporation's Caribou mine and mill facility, in the prolific Bathurst Mining Camp of northeastern New Brunswick.
THE ORVAN BROOK PROPERTY:
The property is host to the Orvan Brook Zn-Pb-Cu-Ag-Au massive sulphide deposit that was discovered in 1939 and has seen only moderate previous drilling that identified high-grade mineralization over a strike length of more than two (2) kilometres. Wolfden's compilation of the historical data reveal a number of high-grade intersections occurring within 200 metres of surface, including 0.31% Cu, 2.44% Pb, 8.63% Zn & 71.0 g/t Ag over 4.88 metres (T-24), 0.31% Cu, 2.44% Pb, 8.63% Zn, 81.00 g/t Ag over 4.88 metres (T-27) and 0.32% Cu, 1.56% Pb, 5.39% Zn, 50.84 g/t Ag over 6.00 metres (B-4). There are significant gaps of 300 to 400 metres between these drill holes, where potential exists along strike and down-dip from such holes to establish significant mineralization. A similar target area occurs 400 metres below surface where there is significant room to expand on massive sulphide intercepts including 0.44% Cu, 2.31% Pb, 7.37% Zn & 89.20 g/t Ag over 5.62 metres as well as 0.28% Cu, 2.85% Pb, 8.16% Zn, & 82.90 g/t Ag over 5.47 metres.
The priority areas will be targeted in an initial drill program comprising approximately 6,000 metres aimed at helping establish a mineral resource estimate. Results will be released as they become available.
The Orvan Brook deposit is hosted in sedimentary rocks overlying felsic volcanic rocks of the Spruce Lake Formation, a stratigraphic position known to host some of the larger base-metal deposits in the Bathurst Mining Camp, including Trevali's Caribou deposit (Measured and Indicated Resource: 7.23 MT @ 0.43% Cu, 2.93% Pb, 6.99% Zn, 84.4 g/t Ag & 0.89 g/t Au, Inferred Resource: 2.69 MT @ 0.37% Cu, 2.81% Pb, 6.95% Zn, 87.3 g/t Ag & 1.23 g/t Au)1.
Note 1: Resource figures obtained from Trevali Mining Corporation website
ABOUT WOLFDEN RESOURCES:
Wolfden is a mineral exploration company holding nickel properties in Manitoba and Zn-Pb-Cu base-metal properties in New Brunswick (>24,000 hectares). Manitoba is ranked #2 in Canada and #2 in the world as the most favorable jurisdiction to conduct mining and exploration (Fraser Institute (2016-2017)).
