VANCOUVER — It may very well be the worst market conditions for explorers, but that hasn’t stopped Wolfden Resources (TSXV: WLF) from mounting a drill campaign across its expansive land position in the heart of northeast New Brunswick’s historic Bathurst mining camp.
The company is well funded with $1.6 million in flow-through dollars to spend over the next five months, and hopes success at a couple of targets may lead to exciting discoveries on greenfield ground.
Wolfden’s flagship asset is the Tetagouche project, which consists of over 200 km2 along 30 km of strike of the Spruce Lake formation. The centre of the property is 30 km northwest of the prolific Brunswick No. 12 zinc-lead-silver mine and 25 km west of the city of Bathurst. Tetagouche hosts five historic massive sulphide deposits and additional mineral occurrences, including the Armstrong A, Armstrong B, Rocky Turn, McMaster and Canoe Landing Lake deposits.
In April Wolfden added to its land position when it picked up the Brunswick No. 6 West property, comprised of 33 km2 beside the past producing Brunswick No. 6 mine.
Read the complete article at NorthernMiner.com/news/wolfden