Whole dry core showing banded and replacement pyrite, sphalerite, galena and chalcopyrite from the Pickett Mountain property in Maine. (Image: Wolfden Resources)
MAINE – Wolfden Resources Corp. of Thunder Bay, Ont., has released a mineral resource estimate for its 100% owned Pickett Mountain zinc-lead-copper-silver deposit. The property is located in Penobscot County in the northeast part of the state.
The estimate includes 2.1 million indicated tonnes at 9.88% zinc, 3.93% lead, 1.38% copper, 101.58 g/t silver, and 0.92 g/t gold (19.32% zinc equivalent). There are also 2.0 million inferred tonnes at 10.98% zinc, 4.35% lead, 1.20% copper, 111.45 g/t silver, and 0.92 g/t gold (20.61% zinc equivalent).
Wolfden’s estimate was based on 70 historic drill holes completed from 1981 to 1985 and 27 recent holes completed by Wolfden over the last year. The company says recent deep drilling results (more than 600 metres deep) exhibit exceptionally high grades and the potential to further expand resources at depth.
Assays from several other holes were not received in time to be included in the estimate. Wolfden says it continues expansion and infill diamond drilling to upgrade and expand the resource. A potential new mineralized lens 180 metres north and parallel to the East lens was intersected by hole 31, and assays are pending.
Wolfden believes its Pickett Mountain project is one of the world’s highest grade undeveloped VMS deposits in North America.
More details about the Pickett Mountain drilling campaign are available in the Jan. 7, 2019, news release posted at www.WolfdenResources.com.