Wolfden hitting high grade at High Lake

Wolfden Resources (WLF-T) has intersected significant copper-zinc-silver and gold mineralization at the West zone, one of several zones found on its High Lake property about 175 km east-southeast of Kugluktuk, N.W.T.

2004 drilling has focused on the West massive sulphide zone, first drilled last year. Highlights of current drilling include one hole that intersected 29 metres grading 4.06% copper, 2.85% zinc, 126.45 grams silver and 4.13 grams gold per tonne, that included 15 metres grading 6.04% copper, 3.86% zinc, 173.08 grams silver and 7.41 grams gold per tonne. This intercept was drilled about 50 metres along section from other holes that intersected 4-5% copper.

Three other holes tested the zone successively at vertical depths up to 850 metres below surface. One hole intersected 37.8 metres grading 1.02% copper, 5.36% zinc, 78.96 grams silver and 0.97 gram gold per tonne at a vertical depth of 550 metres. The deepest massive sulphide intersection to date graded 0.78% copper, 3.8% zinc, 49.73 grams silver and 0.36 gram gold per tonne over 5 metres.

Two holes were drilled along strike to the south. One intersected 8.8 metres grading 3.86% copper, 3.17% zinc, 86.68 grams silver and 1.96 grams gold per tonne at a vertical depth of 150 metres; the other intersected 9.9 metres grading 3.26% copper, 4.69% zinc, 126.34 grams silver and 1.38 grams gold per tonne at a vertical depth of 200 metres.

The property is underlain by mafic and felsic volcanic rocks. The felsic rocks are intercalated with carbonate-rich exhalite lenses. The West zone has a felsic hangingwall and a mafic footwall. The mineralization displays sulphide zonation and drilling suggests that there are about 50-metre-thick boudinaged horizons of semi-massive to massive sulphide layers within the felsic rock. These are locally cut by a series of diorite dykes.

A ground electromagnetic survey has identified two parallel conductors, immediately south and along strike of the current drilling.

The 17-sq.-km High Lake property is covered by 15 leases. Wolfden holds a 100% interest in the property, subject to a 1.5% net smelter royalty payable to Kennecott Canada, a unit of Rio Tinto (RTP-N).