Wolfden Resources begins drill program at Rockland Gold Project, Walker Lane Trend, Nevada
Wolfden Resources Corp. [TSXV: WLF] reported that it has commenced an 1,800-metre drill program at its Rockland Gold Project located in the Walker Lane Trend of Nevada, USA.
The program is designed to test below historical and significant drill results that ended in mineralization, including 146.4 metres at 1.0 g/t AuEq in hole PG-32 and 85.4 metres at 1.0 g/t AuEq in hole PG-36C that was drilled in the opposing direction some 70 metres away. In addition, both of holes include intervals of higher grades and alteration that increases in intensity with depth and are indicative of a modelled potential higher grade system at depth.
A 3D inversion model of a recently completed deep penetrating induced polarization (IP) survey indicates a stronger chargeability anomaly below the altered rhyolite-hosted gold mineralization that occurs closer to surface. Importantly, the anomaly is coincident with a northeast-trending structural corridor that is interpreted to extend at least 1.7 km (1.1 miles) below other positive gold-bearing drill hole results and a series of altered rhyolite domes.
The company believes that the chargeability anomaly indicates an increase in disseminated pyrite from hydrothermal-alteration, which correlates well with the gold mineralization observed along the trend. Banded quartz veins and quartz-enriched zones within the pyrite-alteration of the historic drill holes have returned elevated gold values.
The company is targeting just below the historic drilling where a potential boiling zone is interpreted to occur which could result in increased pyrite mineralization, banded quartz veins and higher grades. The IP survey and the previous CSAMT survey have now clearly defined several similar anomalous corridors that warrant drill testing at depth. The first hole two holes are planned to a hole length of 650 metres and may require two to three weeks to complete each hole depending on ground conditions.
“The Rockland East target in our opinion represents one of the most exciting drill targets in the Walker Lane Trend as it consists of potential large gold system with material as supported by gold intercepts in two opposing holes 70 metres apart, that both returned 1.0 g/t AuEq over 85.4 metres and 146.4 metres, the latter ending in gold mineralization, new deep penetrating IP results suggesting that hydrothermal fluids upwelled and ponded, creating wide, lower grade gold mineralization that could flank a pyrite-rich, higher-grade gold vein system at depth, an historic high grade Au-Ag vein mine which is part of the property package further to the west of the survey area shows that high grade gold zones occur on the property and multi-square kilometre scale, argillic to advanced argillic, rhyolite and basin-margin-debris-hosted alteration zones that are cut by quartz veins enriched in antimony, arsenic and gold,” stated Don Dudek, Senior Exploration Advisor for Wolfden. “These are the typical characteristics exhibited by some of the high quality gold deposits in the Walker Lane Trend.”
Wolfden has optioned the Rockland property and can earn up to a 75% interest in the property.
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