Wolverine Options the Desk Property
2010年12月18日 - 3:03AM
Marketwired
Wolverine Minerals Corp. ("Wolverine" or the "Company") (TSX
VENTURE: WLV)(FRANKFURT: 4LP) is pleased to announce that it has
entered into an option agreement (the "Desk Option") to acquire the
Desk property, Dawson Range, Whitehorse Mining Division, Yukon,
from the owners Roger Hulstein and Robert Stroshein (together, the
"Optionor").
The Desk property consists of 6 claims of approximately 125
hectares and is adjoining the Sked property. The Sked property is 1
of 21 properties that are subject to an option agreement between
the Company and Strategic Metals Ltd. ("Strategic") (see news
release of December 14, 2010).
The Desk property is underlain primarily by Paleozoic
meta-sedimentary and meta-volcanic rocks that are locally intruded
by felsic dikes. Gold mineralization was discovered in quartz veins
by a prospector in the early 1980's. Subsequent exploration
including geological, geochemical and geophysical surveys as well
as limited trenching and drilling were completed by three separate
companies over a 10 year period up to the mid 1990's.
A WNW - ESE trending Au-Ag-As-Hg soil anomaly was identified
within a broad magnetic anomaly and a moderate to strong IP
anomaly. Historical trenching and drilling traced a mineralized
zone for about 250 meters along strike and 150 meters down dip.
Mineralization is associated with a zone of bleaching and
brecciation with a weak stockwork of quartz veinlets locally.
Trenching returned anomalous to highly anomalous gold values over
significant widths. Three drill holes by Noranda Exploration Inc.
intersected gold values.
A recent soil geochemical survey completed on the adjacent Sked
property by Strategic has outlined a gold-in-soils anomaly which is
interpreted to be the strike extension of the mineralized zone on
the Desk claims.
The Company intends to explore the property concurrently with
the surrounding Sked claims. Work will include basal till sampling
and trenching to prioritize targets for diamond drilling.
In consideration for the Desk Option, the Company agreed to pay
the Optionor $20,000 on execution of the Desk Option, $40,000 on or
before December 16, 2011, $80,000 on or before December 16, 2012
and $100,000 on or before December 16, 2013. In addition, the
Company granted a 2.0 % net smelter return which can be purchased
for $2 million and commencing on December 16, 2014, the Company
agreed to pay an advance royalty payment of $20,000 per year until
the property enters into commercial production.
The technical data in this news release has been reviewed and
approved by James M. Dawson, P. Eng., who is a qualified person
under the definition of National Instrument 43-101.
WOLVERINE MINERALS CORP.
Thomas A. Doyle, President & CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Wolverine Minerals Corp. Thomas A. Doyle (604)
689-5722 Wolverine Minerals Corp. Logan Anderson (604) 689-5722
(604) 685-9182 (FAX) info@wolverineminerals.ca
www.wolverineminerals.ca
Wolverine Minerals Corp. (TSXV:WLV)
過去 株価チャート
から 5 2024 まで 6 2024
Wolverine Minerals Corp. (TSXV:WLV)
過去 株価チャート
から 6 2023 まで 6 2024