Wolfden finds three new zones at High Lake

The regional potential of Wolfden Resources’ (WLF-T) High Lake property has been brought to light by recent drilling results at Sand Lake, about 12 km north of the main High Lake mineralization.

Drilling followed up a UTEM ground electromagnetic survey that had defined a number of conductive areas. Three holes intersected stringers and massive sulphides, including a 21-metre interval grading 2.71% copper, 0.17% zinc, 20.8 grams silver and 0.3 gram gold per tonne.

Only one conductor could be drilled before breakup, but others, to be tested once the ice is back on the lakes, are close to discoveries of sulphide mineralized boulders. Wolfden says it plans a “major drilling campaign” in the last quarter of the year.

A new zone called the Swell zone has been identified in drilling near the previously drilled 007 Zone. Four holes were drilled on Swell, with three intersecting no significant values but the fourth cutting 9.4 metres that averaged 3.16% copper, with minor zinc, silver and gold credits. Drilling on 007 mainly did not expand the zone, but two holes intersected mineralization about 6 metres wide with copper and zinc mineralization and significant precious-metal credits.

Condemnation drilling below High Lake, which has been proposed as a tailings disposal pond, intersected 9 metres of 3.73% copper, 0.03% zinc, 28.5 grams silver and 0.4 gram gold per tonne. Two other holes did not encounter any significant mineralization.

Three new holes on the Gambler zone, a 2004 discovery, cut sulphide mineralization over core lengths of 1 to 5 metres, with both copper and zinc values. Among the better intersections were a 4-metre interval on Gambler 3 that graded 1.26% copper, 0.85% zinc, 0.13% lead, 66.2 grams silver and 0.3 gram gold per tonne, and a 4.3-metre intersection on Gambler 1 that returned grades of 1.76% copper, 0.63% zinc, 0.08% lead, 105.9 grams silver and 0.3 gram gold per tonne.