VANCOUVER — When nickel giant Vale
(NYSE: VALE) dropped its claims over the Rice Island nickel and copper project in the highly prolific Flin Flon-Snow Lake mining district of Manitoba in May, junior explorer Wolfden Resources
(TSXV: WLF) was keen to step in and resuscitate some much needed exploration on the dormant property.
“It’s a property that we’ve had our eyes on for quite some time,” CEO George Topping tells The Northern Miner
during a phone interview. “It’s an area we know has the potential to host high grade nickel mineralization, and it hasn’t seen any exploration since the 1940s.”
Within a month after announcing its acquisition, Wolfden mobilized a drill rig into the property, 10 km southeast of the town of Snow Lake, to confirm historical drilling on the magmatic nickel-copper target across 250 metres at surface to 500 metres deep.
All seven drill holes hit the Main zone – a blanket of massive to semi-massive sulphides at the base of a gabbroic intrusion – returning intercepts of 36.2 metres of 1.5% Ni and 0.6% Cu, and 7.7 metres of 2.8% Ni and 1.1% Cu.
Read the complete article at NorthernMiner.com/news/wolfden