Wolfden Resources Corporation (WLF.TSXV) represents an excellent opportunity to invest in an emerging base metal developer. The Company owns a 100% interest in the Pickett Mountain Project in Maine, USA, one of the highest grade undeveloped VMS deposits in North America. The deposit is situated 85 km west of the Canadian (New Brunswick) border proximal to excellent infrastructure that includes a state highway, power line and railway siding. Drilling and technical studies have been underway since 2017 with the goal to develop an economic mining scenario for the project in accordance with the new (2017) State of Maine Laws and regulations. An application to re-zone a small portion of the property to facilitate a mining operation in the future, was submitted in January 2020. The application process was expected to take approximately twelves months under normal conditions. The COVID-19 virus, will undoubtedly cause delays in the is process as well as our spring and summer field and drill programs.
The project also benefits from neighbouring VMS mining operations in New Brunswick that have permitted processing and tailings facilities. As part of the ongoing economic studies of the project, the Company will continue to investigate other alternatives that may include the mining and haulage of the material to other facilities.