Vancouver — Assay results from the first hole by Wolfden Resources (YWO-V) have increased the prospects for expanding the known resource at the High Lake polymetallic property in Nunavut.
Aimed at upgrading the resource, hole 1 was collared near the southern margin of the A/B zone. It cut one of the highest-grade intercepts ever met on the property.
From the B-zone, the hole returned 14.4 metres grading 12.7% copper, 0.46% zinc, 40.6 grams silver and 0.79 gram gold per tonne from 36.2 metres down-hole. Cutting the B1 zone at 69.4 metres down-hole, it returned 4.2% copper, 8.9 grams silver and 0.27 gram gold. Hitting the B2 zone at 101.4 metres down-hole, it returned 3.4% copper, 15.1 grams silver and 0.15 gram gold over 4.2 metres.
The intersection of the B1 and B2 zones has the junior evaluating the possibility of parallel lenses occurring to the west of the known B-zone. So far, four holes have been completed in the current program.
The High Lake deposit is one of the highest-grade undeveloped polymetallic deposits in Canada. It has a drill-indicated resource of 5.3 million tonnes averaging 4.05% copper, 2.36% zinc, 31.7 grams silver and 1.76 grams gold.
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