Announcement Date: 2022-01-10
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Wolfden Resources Corp.
Project name: Nickel Island
Location: Canada
Commodities: Copper,Nickel
Highlight: Initial Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Thunder Bay, Ontario, January 10, 2022 – Wolfden Resources Corporation (WLF.V) (“Wolfden” or the “Company”) is pleased to release an initial NI 43-101 compliant Mineral Resource Estimate for its wholly owned Nickel Island Deposit (the “Deposit”), a Nickel-Copper-Cobalt and PGE Project in northern Manitoba and provide guidance on an upcoming winter exploration program. “This Initial Mineral Resource Estimate confirms that the Nickel Island Deposit has sufficient size, grade and expansion potential to be regarded as Wolfden’s third significant development project (and second nickel sulphide deposit) in the North American EV metal space,” commented Ron Little, President and CEO for Wolfden. “Adding to this, the geological setting appears to be strongly indicative for the potential extension of the Deposit and the discovery of additional mineralization with high nickel tenor and PGE’s on the Property and surrounding area.” The Deposit consists of a steeply-south-dipping panel of nickel-bearing sulphide mineralization that can be traced for 900 metres along strike and to 400 metres depth and appears open in all directions. This Mineral Resource is based only on nickel and copper values since the historical work did not include the analysis for other typical metals such as cobalt, gold, platinum and palladium.
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