The large Property, comprising greater than 30,000 hectares, contains 5 historic massive sulphide deposits and numerous mineral occurrences (see Image 1). The Company also announces that it has dropped its option on the adjoining Armstrong Brook property.
Deposits including McMaster and Rocky Turn have not been drilled since the late 1960’s and are open at depth as well as along strike.
The Canoe Landing Lake deposit will be assessed for its potential to host smaller tonnages of higher-grade base-metal mineralization and to further examine its mineral content. It is expected that these deposits will be tested in an initial modest drilling program beginning in mid-March.
Wolfden’s option agreement on the Armstrong Brook Property has been terminated and the property returned to the vendor following a 10-hole diamond drilling program completed in late 2013 that failed to locate a bedrock source for numerous clusters of high-grade Zn-Pb-Ag-Au massive sulphide boulders found on the property. Based on such drilling, the evidence suggests that the boulders have likely travelled greater distances than originally thought.
Notably, the Tetagouche Property contains a series of untested airborne electromagnetic anomalies (MegaTEM and Aerodat frequency-domain surveys) up-ice from the boulders that could be source areas for some of the boulders discovered on the Armstrong Brook property.
The technical information in this news release has been prepared and approved by Donald Hoy P. Geo., President and a director of the Company. Mr. Hoy is a Qualified Person under National Instrument 43-101.
