Vedanta to exclude base metals business from sweeping demerger
The group said it will consider the base metals business demerger at a later stage.
Thunder Bay, ON — Wolfden Resources continues to drill high-grade massive sulphide mineralization at its Pickett Mountain project in Maine, where it has two diamond drills turning.
In its latest results, Wolfden reported a 12.7-metre intercept starting from 240 metres below surface, and grading 6.6% zinc, 2.8% lead, 1.5% copper, 99.4 g/t silver, and 0.6 g/t gold (or 10.9% combined zinc, lead and copper). Similar grades and interval lengths have been intercepted in other holes at the West Lens.
Results are pending for two stepout holes that intercepted significant intervals of massive sulphides. Hole 29, a 50-metre stepout from hole 22 (which returned a particularly high-grade 4.7-metre intercept of 34.7% combined zinc lead and copper), cut 10.3 metres of massive sulphides in the West Lens. Hole 28 cut 4.2 metres of massive sulphides from 350 metres depth, an interval that Wolfden says correlates well with holes in the E1 lens.
Wolfden is planning to release a resource estimate for Pickett Mountain before the end of year, based on modelling of historical and recent drill results. Drill results obtained from both the West and East Lenses of the Pickett Mountain deposit can be viewed on an updated vertical longitudinal drill section in the Pickett Mountain presentation on Wolfden’s website.
