The 100%-owned Property is located 10 kilometres south-southeast of the Town of Snow Lake, in west-central Manitoba.
RICE ISLAND DRILL RESULTS
The winter drilling on the Property totalled 1,445 metres, comprising a total of eight holes. Seven holes (RI-16-20 to RI-16-26) tested the New Lower Zone as well as the Main Zone at Rice Island and a single drill hole (SB-16-01), tested a regional target located 6 kilometres northeast of Rice Island. Results for the first four drill holes were announced in Wolfden’s news release dated March 22, 2016; the purpose of this news release is to document the remaining assay results.
Highlighting the remaining results, is a wide zone of nickel-copper sulphides obtained in drill hole RI-16-25, assaying 1.62% nickel, 0.86% copper and 0.09% cobalt over a core length of 52.1 metres. Included within this broad zone of mineralization is the Main Zone, yielding 3.29% nickel, 1.08% copper and 0.09% cobalt over 6.3 metres as well as the New Lower Zone, assaying 2.42% nickel, 1.29% copper and 0.16% cobalt over 21.10 metres.
Immediately underlying the New Lower Zone on this and adjacent drill sections, is a strong conductor delineated by both the VTEM airborne geophysical survey as well the ground-based, fixed-loop EM survey, completed earlier by the Company. These anomalies in combination with this drill intercept, auger well for further expansion of high-grade nickel-copper mineralization comprising the New Lower Zone.
Drill holes RI-16-23 and 24 also yielded significant intercepts from the Main zone assaying 1.29% nickel, 0.68% copper and 0.05% cobalt over 11.20 metres and 3.44% nickel, 1.91% copper and 0.12% cobalt over 1.30 metres, respectively.
The press release shows a summary of the significant drill results are tabulated here.