Wolfden Announces Drilling Results on its Orvan Brook Property in the Bathurst Mining Camp, New Brunswick
THUNDER BAY, ON, Oct. 4, 2017 /CNW/ - Wolfden Resources Corporation (WLF:TSX-V) ("Wolfden" or the "Company") is pleased to announce results from recently completed 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.
Figure 1. Orvan Brook property, New Brunswick, longitudinal section, colour contoured, Pb + Zn x meters
|
Hole ID |
From |
To |
Length |
Zn% |
Pb% |
Cu% |
Ag (g/t) |
Au |
Zn+Pb% |
Zn |
|
OB-17-01 |
213.10 |
215.00 |
1.90 |
9.00 |
2.56 |
0.36 |
92.1 |
678 |
11.56 |
14.12 |
|
OB-17-02 |
68.60 |
71.80 |
3.20 |
7.15 |
2.35 |
0.13 |
56.8 |
435 |
9.50 |
10.76 |
|
OB-17-03 |
88.40 |
93.20 |
4.80 |
3.56 |
1.26 |
0.11 |
35.7 |
278 |
4.82 |
5.73 |
|
OB-17-03 |
88.40 |
89.80 |
1.40 |
8.75 |
2.50 |
0.18 |
53.5 |
580 |
11.25 |
12.70 |
|
OB-17-04 |
76.90 |
78.80 |
1.90 |
1.46 |
0.52 |
0.03 |
11.582 |
85.32 |
1.98 |
2.23 |
|
OB-17-05 |
106.00 |
107.00 |
1.00 |
0.27 |
0.26 |
0.09 |
15.8 |
108 |
0.53 |
1.06 |
|
OB-17-06 |
223.90 |
224.50 |
0.60 |
4.30 |
1.07 |
0.31 |
47.0 |
304 |
5.37 |
6.95 |
|
OB-17-07 |
86.90 |
87.80 |
0.90 |
10.80 |
3.00 |
0.20 |
85.0 |
433 |
13.80 |
15.52 |
|
OB-17-08 |
201.70 |
207.00 |
5.30 |
7.38 |
2.25 |
0.45 |
75.6 |
546 |
9.63 |
12.01 |
|
OB-17-08 |
201.70 |
202.50 |
0.80 |
20.10 |
5.07 |
0.18 |
125.0 |
559 |
25.17 |
27.23 |
|
OB-17-09 |
176.10 |
183.60 |
7.50 |
2.36 |
1.48 |
0.24 |
56.9 |
432 |
3.84 |
5.50 |
|
OB-17-09 |
178.40 |
183.60 |
5.20 |
2.51 |
1.83 |
0.33 |
75.7 |
577 |
4.34 |
6.62 |
|
OB-17-09 |
178.40 |
178.90 |
0.50 |
4.63 |
2.28 |
0.51 |
129.0 |
915 |
6.91 |
10.78 |
|
OB-17-10 |
240.30 |
243.30 |
3.00 |
2.62 |
0.51 |
0.17 |
25.0 |
120 |
3.13 |
3.94 |
|
OB-17-10 |
242.60 |
243.30 |
0.70 |
8.28 |
1.60 |
0.60 |
75.0 |
324 |
9.88 |
12.40 |
|
OB-17-11 |
202.40 |
202.80 |
0.40 |
6.80 |
1.97 |
0.21 |
92.0 |
495 |
8.77 |
10.93 |
|
OB-17-12 |
292.50 |
293.00 |
0.50 |
1.02 |
0.15 |
0.07 |
5.5 |
83 |
1.17 |
1.48 |
|
OB-17-13 |
268.10 |
270.00 |
1.90 |
1.78 |
0.85 |
0.19 |
38.6 |
141 |
2.63 |
3.64 |
|
OB-17-14 |
414.50 |
425.30 |
10.80 |
2.73 |
0.68 |
0.14 |
17.7 |
137 |
3.41 |
4.00 |
|
OB-17-14 |
417.40 |
425.30 |
7.90 |
3.49 |
0.89 |
0.17 |
23.5 |
181 |
4.39 |
5.16 |
|
OB-17-14 |
419.90 |
425.30 |
5.40 |
4.49 |
1.26 |
0.22 |
32.4 |
252 |
5.75 |
6.78 |
|
OB-17-14 |
422.20 |
425.30 |
3.10 |
5.90 |
1.67 |
0.27 |
41.5 |
274 |
7.57 |
8.80 |
Analyses completed by Activation Laboratories in Ancaster, Ontario utilizing the 1A2 – Fire Assay AA, 1H INAA (INAAGEO)/Total Digestion (Total) and UT-7 Sodium Peroxide Fusion (ICP & ICPMS) analytical packages
Zn equivalent based on US$2.93/lb. for Cu, US$1.13/lb. for Pb, US$1.45/lb. for Zn US$0.53/g for Ag & US441.13/g for Au
A total of 14 drill holes comprising 3,239 metres, were completed during the initial phase of drilling on the Orvan Brook deposit, over an intermittent strike length of 1.5 kilometres (Figure 1). All of the drilling tested the deposit at shallow to moderate depths of up to 300 vertical metres with the exception of drill hole OB-17-14, that tested the deposit at a vertical depth of 400 vertical metres.
Highlighting the drill results are intercepts of 7.15% Zn, 2.35% Pb, 0.13% Cu, 56.8 g/t Ag & 0.44 g/t Au over 3.20 metres (OB-17-2), 7.38% Zn, 2.25% Pb, 0.45% Cu, 75.6 g/t Ag & 0.55 g/t Au over 5.30 metres (OB-17-08) and 4.49% Zn, 1.26% Pb, 0.22% Cu, 32.4 g/t Ag & 0.25 g/t Au over 5.40 metres (OB-17-14). The remaining assays from the drilling program are tabulated above.
A second phase of drilling has commenced testing the deeper levels of the deposit in the locale of drill hole OB-17-14 and other historic holes, that intersected 8.16% Zn, 2.85% Pb, 0.28% Cu & 82.9 g/t Ag over 5.47 metres as well as 7.37% Zn, 2.31% Pb, 0.44% Cu & 89.2 g/t Ag over 5.62 metres (Area of Interest on Longitudinal Section). Here, thicker intercepts of existing mineralization are currently thought to offer the best chance of defining a mineral resource with significant grades. Assays from the second phase of drilling will be released as they become available.
The technical information in this news release has been prepared and approved by Donald Hoy, President, CEO and a director of the Company. Mr. Hoy is a Qualified Person for the purpose of National Instrument 43-101.
ABOUT WOLFDEN RESOURCES:
Wolfden is a mineral exploration company holding nickel properties in Manitoba and Zn-Pb-Cu base-metal properties in Maine, USA and 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)).
