Manitoba Mining Review 2020/21 issue

Page 22

Wolfden’s Quality Nickel Exploration Properties in Manitoba

Wolfden Resources Corporation (TSX:WLF) is a Canadian exploration & development company featuring a proven management team with a track record in mineral exploration, mine development, and mine finance experience. Priority portfolio projects include the Rice Island and Nickel Island Ni-Cu-Co properties in Manitoba and the Pickett Mountain base-metal deposit in Maine, USA.

Rice Island Project The 100 per cent-owned Rice Island property, containing the Rice Island Ni-Cu-Co deposit, comprises 3,760 hectares and is situated 10 kilometres south-southeast of Snow Lake in west-central Manitoba, within the Snow Lake-Flin Flon greenstone belt. The property is well located proximal to infrastructure with facilities that include power, labour, and supplies in Snow Lake as well as mineral processing facilities at the neighbouring Stall Lake concentrator, five kilometres northwest of the Rice Island deposit. The Rice Island Ni-Cu-Co deposit was explored by diamond drilling programs completed by Inco Ltd. largely in the late 1940s, with minor drill programs completed in 1967 and 1996. The drilling delineated a magmatic Ni-Cu-Co deposit (Main Zone) over a strike length of 340 metres and to a maximum vertical depth of 500 metres, with prominent intercepts including 2.63 per cent Ni, 0.98 per cent Cu over 10.3 metres, 2.39 per cent NI, 1.24 per cent Cu over 10.1 metres, 4.31 per cent Ni, 1.28 per cent Cu over 5.2 metres and 3.20 per cent Ni, 1.23 per cent Cu over six metres. The Main Zone, comprising semi-massive to massive pyrrhotite, pentlandite and chalcopyrite occurs at the base of the Rice Island gabbroic intrusion, underlain by sediments, remains open at depth. Diamond drilling completed by Wolfden during the period 2015 to 2017 confirmed the grade, nature, and extent of the Main Zone.

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Manitoba Mining Review 2020-2021


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