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Wolfden Resources Updates on Pickett Mt Project in Maine

Mining News - Published on Fri, 29 Nov 2019

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Wolfden Resources Corporation has provided update on its wholly owned high-grade Zn-Pb-Cu-Ag-Au deposit located in northern Maine in USA. The 2019 exploration program recently concluded with 3,530 metres of diamond drilling, ground and bore-hole geophysics, soil sampling, mapping and prospecting; all focused on expanding the known mineral resource of 2.05 Mt at 19.3% ZnEq of indicated resources (9.9% Zn, 3.9% Pb, 1.4% Cu, 102 g/t Ag & 0.92 g/t Au) and 2.03 Mt at 20.6% ZnEq of inferred resources (11.0 % Zn, 4.4% lead, 1.2% Cu, 111 g/t Ag & 0.92 g/t Au). In addition, new drill targets where delineated on the property and along the 30 km trend.

A total of 8 holes and 1,846 m was focused on drill testing extensions of the Footwall Zone, a recent higher-grade zone discovered approximately 150 m further north of the two main lenses of the main zone at a depth of 600 m. Positive results were received from these deeper holes that were drilled as wedge holes off of previous holes and resulted in 25 to 35 m step-out intersections and included 15.3% ZnEq over 4.2 m in hole 031A (7.4% Zn, 3.7% Pb, 1.0% Cu, 105 g/t Ag & 0.6 g/t Au). Further deep drilling is warranted. The drill program also included the reaming of 8 previous drill holes for down-hole geophysics. All holes were successfully surveyed and the results confirmed this technique can be used to identify the East and West Lens extensions at depth that occur within a 100-200 m distance of the hole. As a result, there is obvious potential to expand both lenses at depth in addition to testing near surface targets (conductors) with coincident soil and whole rock geochemical signatures.

Hole 137A, a wedge hole targeting the FWZ, intersected 9.6 m of the East Lens, semi massive to massive sulphides that yielded 6.7% ZnEq (3.0% Zn, 1.3% Pb, 0.5% Cu, 54.0 g/t Ag & 0.3 g/t Au), including a higher-grade portion of 2.6 m at 11.7% ZnEq (6.2% Zn, 2.7% Pb, 0.4% Cu, 109.4 g/t Ag & 0.3 g/t Au). Hole 137 (7 m to the East) also intersected the East Lens yielding 3.5m at 2.3% ZnEq. Additionally, hole 137 intercepted a narrow FWZ yielding 0.7 m at 9.2% ZnEq (7.5% Zn, 1.6% Pb, 0.2% Cu, 5.8 g/t Ag & 0.01 g/t Au). A subsequent BHEM survey of hole 137A and another nearby historic hole, yielded strong build-up conductors, suggesting significant expansion potential of the East Lens at depths of 400 to 700 vertical metres. Further drilling of the East Lens and FWZ is warranted in order to potentially expand mineral resources.

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Posted By : Rabi Wangkhem on Fri, 29 Nov 2019
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