Wolfden Resources Corp. [WLF-TSXV; WLFF-OTC] reported exploration results from its fall/winter exploration program at its Big Silver project, Maine, United States. Drilling included 8 holes in some 1,750 metres across serval different target types.
Part of the objective of the program was to determine the potential for expansion of the known mineralization to a depth of 400 metres, well beyond the historical work of 125 to 150 metres. The company holds the mineral rights to a land package of over 800 acres and has reasonable expenditure commitments to maintain and complete a 100% interest in the project.
Highlights of the drill results include 173.3 g/t AgEq (silver equivalent) over 50.1 metres from 67.9 metres in hole PB21-02, including 220.32 g/t AgEq over 18.9 metres and 278.62 g/t AgEq over 6.4 metres. Hole PB21-03 returned 217.1 g/t AgEq over 42.9 metres from 116.2 metres, including 393.52 g/t AgEq over 6.4 metres. Hole PB21-05 returned 123.6 g/t AgEq over 36.7 metres from 67.2 metres.
“We are very encouraged by the grade and size implications of this silver rich mineralization system and its coincidence with the recently defined soil and geophysics anomalies,” stated Don Dudek, VP Exploration for Wolfden. “Our goal is to discover and delineate an underground resource of 20 million tonnes or more, which appears achievable with this type of mineralized system. The hydrothermal system appears to be very strong, well-endowed and both structurally and stratigraphy controlled. We look forward to testing with greater confidence, two principle emerging trends that have not been well explored and testing a series of new buried geophysical targets.”
The core of the Big Silver Project is a 1,500 by 2,000 m area of historic silver, zinc, lead, copper and gold mineralization with historic drill intercepts including 530.2 g/t AgEq over 15.2 metres and 14.63 g/t gold and 1.07% copper over 7.0 metres. The high precious-metal polymetallic mineralization is hosted by sediments, mafic volcanics and hydrothermal breccias. Wolfden’s objective was to confirm and expand on the historic results utilizing several techniques including drilling, soil sampling, an induced polarization and ground magnetic geophysical surveys. Wolfden’s work has defined and expanded the footprint of the mineralized zones with the new data providing context and prioritized target areas for future drill programs.
In 2021, 8 holes comprising 1,751.5 metres were drilled with 4 holes testing the Ag-Zn-Pb Main Zone and 4 holes testing geochemical targets in the M2 Zone area. Significant amounts of Ag-rich mineralization was intersected in the Main Zone with holes returning to 217.1 g/t AgEq over 42.9 metres in hole PB21-03 with individual samples returning 978.0 g/t AqEq over 0.7 metres in hole PB21-05.
The Main Zone has been traced for 500 metres along strike and still appears to be open along strike and to depth.