Wolfden dills aimed to extend High Lake

Wolfden Resources (YWO-V) has two drill rigs ready to go on its 100% owned High Lake property in Nunavut’s Bathurst Inlet region.

The junior plans a $2-million program of diamond drilling and detailed airborne geophysics.

The first rig will sink step-out holes at 25-50-metre intervals to test for down-plunge extensions of the high-grade B zone.

At last count, resources at the B zone stood at 3.2 million tonnes grading 5.03% copper, 1.1% zinc, 2.3 grams gold and 18.2 grams silver per tone. The zone remains open at depth and along strike to the south.

The second rig will test for down-dip and strike extensions to the D zone, which hosts a drill-indicated resource of 1.6 million tonnes running 2.1% copper, 4.9% zinc, 0.6 gram gold, and 59.1 grams silver.

The drill will then move on to test several other targets on the property, including the previously untested G zone where grab samples have returned copper values exceeding 6%.

In all, the High Lake VMS deposit hosts drill-indicated resources totalling 5.3 million tonnes of 4.05% copper, 2.4% zinc, 1.76 gram gold and 31.7 gram silver.

The High Lake property ranks as one of the highest-grade, undeveloped polymetallic deposits in Canada.

Earlier this year, Wolfden acquired 6.8 sq. km adjoining the High Lake property. The new property covers the western extension of the Granite Lake magnetic anomaly, a possible kimberlite target.