Wolfden Resources Corporation Announces Resignation of Iain Downie as Director
Nov 24 14
Wolfden Resources Corporation announced that Mr. Iain Downie has resigned from the board due to health reasons, effective immediately.
Wolfden Resources Corporation Discovers Massive Sulphide Mineralization in First Target Drilled at Tetagouche
Oct 23 14
Wolfden Resources Corporation announced that it has intersected a zone of massive sulphide mineralization at the first target being tested by drilling on the company's 100%-owned Tetagouche property. The property, comprising greater than 20,000 hectares, is located in the prolific Bathurst mining camp, 25 kilometres west of the city of Bathurst in northeastern New Brunswick. The Company is currently drilling the primary target areas known as Rocky Turn and V10. The first target of the current program is a coincident geophysical and soil geochemical anomaly (lead-zinc-copper) located to the east of the Rocky Turn massive sulphide deposit that contains a historical resource of 130,000 tonnes grading 8.43% zinc, 2.69% lead, 0.28% copper, 101 grams per tonne silver and 3.1 grams per tonne gold. Work completed in 2014, defined a Max-Min electromagnetic conductor with a strike length in excess of 400 metres located to the east of the deposit. Coincident with the EM anomaly are lead-zinc-copper soil anomalies. The first two holes have tested the western end of this anomaly, spaced at 100 metre intervals and have intersected base-metal-bearing massive sulphides, with the eastern hole returning a 7.7 metre-wide intercept: an intersected width that exceeds any massive sulphide intercept historically drilled in the Rocky Turn deposit. The conductor extends for several hundred metres to the east and is untested. The first hole (T-14-01) collared on line 1400W, intersected 0.2 metres of massive sulphide at an approximate vertical depth of 50 metres. Stepping out 100 metres to the east, drill hole T-14-02 collared on line 1300W, intersected 7.7 metres of massive sulphide at a vertical depth of 60 metres. Both massive sulphide intersections are bounded by sericite-chlorite alteration zones with mineralization remaining completely open at depth and along strike to the east. Drilling will continue to test the on-strike and depth extensions of this new discovery. The Company expects to have assay results for these first 2 holes next week. Assay results will be released as they become available Drilling on the Rocky Turn target comprises part of a larger drilling program that also includes the V10 target area. Recent work on V10 has identified several geophysical and geochemical anomalies thought to be prospective as bedrock source areas for several high-grade massive sulphide boulders located nearby. Drilling will commence on the V10 targets following the completion of drilling of the new discovery at Rocky Turn.
Wolfden Commences Diamond Drilling on its Tetagouche Project, New Brunswick
Oct 22 14
Wolfden Resources Corporation announced the commencement of diamond drilling on the company's Tetagouche property. The Property, comprising greater than 20,000 hectares, is located in the Bathurst Mining Camp, 25 kilometres west of the City of Bathurst in north-eastern New Brunswick. Specifically, the drilling program will test two target areas known as Rocky Turn and V10. A summary of the work completed and drilling targets defined, on each of the 2 target area follows. Rocky Turn Target Area: The Rocky Turn massive sulphide deposit contains a historical resource of 130,000 tonnes at a grade of 8.43% Zn, 2.69% Pb, 0.28% Cu, 101 g/t Ag and 3.1 g/t Au. Outside of drilling completed in the immediate locale of the deposit, the on-strike extensions of the deposit have not been tested by drilling. A Max-Min electromagnetic survey (EM) completed by Wolfden, defined a 400-metre long conductor situated to the east of the deposit. The signature of this EM anomaly is similar to the signature associated with the Rocky Turn deposit. Historic Pb-Zn-Cu soil anomalies are also coincident with this conductor that together, comprise a prime drilling target. Drilling is underway, with two to three drill holes planned to provide an initial drill test of this target area. V10 Target Area: The primary goal of the 2014 exploration program on the Property was to find a bedrock source for numerous high-grade massive sulphide boulder clusters located in the V10 target area (on the Tetagouche property) and down-ice from it, on adjacent properties. At V10, recent massive sulphide boulder discoveries yielded bonanza grades of 19.80% Zn, 3.88% Pb, 0.33% Cu, 649 g/t Ag and 1.08 g/t Au as well as 20.10% Zn, 4.20% Pb, 0.33% Cu, 694 g/t Ag and 0.88 g/t Au(2). During 2014, Wolfden completed ground geophysical surveys (Max-Min EM, gravity and magnetic surveys) soil sampling and geological mapping to help source the high-grade boulders. The surveys have uncovered 2 broad, in-situ chlorite-sericite alteration zones in felsic volcanics as well as several gravity, EM and Pb-Zn-Cu soil geochemical anomalies in the V10 locale. Based on the close spatial relationship of the massive sulphide boulders with mapped alteration zones, gravity, EM and soil geochemical anomalies (located up-ice and/or upslope from the boulders), the company is of the view that the V10 area is very prospective as a bedrock source for the high-grade massive sulphide boulders referred to above. It is anticipated that 8 to 9 drill holes totaling 2,000 to 2,500 metres will be utilized to test these numerous targets. Drilling at V10 will commence immediately after the Rocky Turn program is completed.