Wolfden Confirms Massive Sulphides Zone in Maine and Completes Placement

By January 15, 2018Press Releases

Initial Drill Program Underway at Pickett Mountain Project to Define and Expand Resources

Wolfden Resources Corporation (WLF.V) is pleased to announce that it has intersected massive sulphide mineralization (VMS) in each of the first two drill holes completed on its wholly owned Pickett Mountain base-metal property, located in Northern Maine, U.S.A. The 10,000 metre definition and expansion drill program is designed to confirm and expand upon historical drill results from the 1970’s and 1980’s on what was known then as the Mount Chase VMS deposit. Wolfden renamed the project as the main zone of mineralization, comprised of two lenses that span 900 metres in length and up to 800 m deep, is located closer to Pickett Mountain than Mount Chase. Based on the historical drill results, Pickett Mountain is one of the highest-grade undeveloped VMS projects in North America. The project has not been explored in thirty years and remains open at depth and along strike. Wolfden acquired the project last fall with financing from Altius Minerals Corporation (ALS.T), after changes were implemented to the State of Maine’s mining code. The 6870-acre property includes all mineral, mining and timber rights.

View PDF

Leave a Reply