NORTHERN ONTARIO – Junior-sized WOLFDEN RESOURCES of Thunder Bay is finding major mineralization at its 100%-owned Bonanza deposit near Red Lake. Recent drilling continues to expand a zone which is thought to be open in all directions.
Wolfden recently reported that two of three holes drilled hit promising mineralization. Hole 05WB-01 intersected 18.45 m which assayed 4.20 g/t Au, including a 3.95-m section grading 10.03 g/t. Hole 05WB-03 was equally interesting, cutting 38.65 m which assayed 3.74 g/t Au, including a 19.7-m section at 8.64 g/t.
On-going infill and step-out drilling continues to intersect key ultramafic rock units, and broad zones of silicification and mineralization similar to that seen in the discovery holes including arsenopyrite, and visible gold, according to Wolfden. A second drill has been mobilized on the property. The company also says that finding significant widths of gold mineralization in a near-surface setting is unique to Red Lake. Wolfden believes that the Bonanza deposit may someday become an open pit mine.
Go to www.WolfdenResources.com for more details about this and other Wolfden projects.