|Bid||0.1150 x 0|
|Ask||0.1300 x 0|
|Day's Range||0.1150 - 0.1150|
|52 Week Range||0.1100 - 0.3300|
|Beta (3Y Monthly)||0.69|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.75|
THUNDER BAY, ON , July 3, 2019 /CNW/ - Wolfden Resources Corporation (WLF.V) ("Wolfden" or the "Company") is pleased to announce that the second hole drilled into the high-grade footwall zone (FWZ) discovery at its wholly owned Pickett Mountain Project in Maine, USA , has intersected a 4.2 metre sulphide bearing horizon approximately 25 metres above the discovery hole (PM-18-031) that intersected 4.1 m grading 38.2 % ZnEq and confirms the potential for this new lens to add to the Pickett Mountain mineral resources. The 2019 drill program includes up to 10,000 metres of diamond drilling, focused on expanding the Pickett Mountain mineral resource including the FWZ and other lenses as well as testing high-priority local and regional targets. Pickett Mountain is a high grade undeveloped volcanogenic massive sulphide ('VMS') deposit close to infrastructure that hosts a mineral resource of 2.05 Mt at 19.3% ZnEq of indicated resources and 2.03 Mt at 20.6% ZnEq of inferred resources, using a 9% ZnEq cut-off grade, and conservative metal prices as listed below (see also press release January 7, 2019 ).
The 2019 drill program will include step-out holes (wedging) around the FWZ, the West and East lenses and testing favourable targets to the north that indicate the potential for other mineralization. Recent review by a geological structural specialist indicates the potential for repetition to the north of the similar volcanic sequence, that hosts the massive sulphide mineralization. Further ground truthing of this area is underway prior to drilling. The Pickett Mountain Project is one of the highest grade undeveloped volcanogenic massive sulphide ('VMS') deposits in North America .
THUNDER BAY, ON , April 30, 2019 /CNW/ - Wolfden Resources Corporation (WLF.V) ("Wolfden" or the "Company") is pleased to announce that it has hired Jeremy Ouellette as Vice President Project Development and retained Bill Fisher and Scott Trebilcock as members of the Technical Advisory Board. Mr. Ouellette is a Professional Engineer with significant experience in mine permitting, development and operations, most recently supporting the design, start up and operation of the Caribou Mine in New Brunswick for Trevali Mining Corporation.
THUNDER BAY, ON , March 29, 2019 /CNW/ - Wolfden Resources Corporation (WLF.V) ("Wolfden" or the "Company") is pleased announce that it has completed a non-brokered private placement of 12,500,000 common shares of the Company ("Common Shares") at a price of C$0.20 per Common Share with Kinross Gold Corporation (" Kinross ") for gross proceeds of C$2,500,000 . Kinross now holds approximately 9.7% of the issued and outstanding shares of the Company.
THUNDER BAY, ON , March 19, 2019 /CNW/ - Wolfden Resources Corporation (WLF.V) ("Wolfden" or the "Company") is pleased announce that it has entered into a subscription agreement with Kinross Gold Corporation (" Kinross ") for a non-brokered private placement of 12,500,000 common shares of the Company ("Common Shares") at a price of C$0.20 per Common Share for gross proceeds of C$2,500,000 (the "Offering"). Upon closing, Kinross shall hold approximately 9.7% of the issued and outstanding shares of the Company. The majority of the proceeds from the Offering will be used to explore the Company's 100%-owned Pickett Mountain high-grade polymetallic deposit in North-eastern Maine , USA. As part of the terms of the subscription agreement, the Company and Kinross have agreed to work together in the form of an exploration committee.
THUNDER BAY, ON , Jan. 15, 2019 /CNW/ - Wolfden Resources Corporation (WLF.V) ("Wolfden" or the "Company") is pleased to announce additional encouraging assay results from its 100%-owned Pickett Mountain Project, located in Penobscot County in north-eastern Maine , U.S.A. These assay results are from the final four drill holes of the 2018 infill and expansion drill program. The Pickett Mtn, Project is one of the high-grade undeveloped zinc-rich, volcanogenic massive sulphide ('VMS') deposits in the world and the new footwall zone discovery adds a third zone to the two known zones (East Lens and West Lens) that remain open for potential expansion.
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that there are more than a few examples Read More...
THUNDER BAY, ON , Nov. 5, 2018 /CNW/ - Wolfden Resources Corporation (WLF.V) is pleased to announce that it has commenced a 2,500 metre diamond drill program on its 100%-owned Orvan Brook property in the heart of the Bathurst Mine Camp of New Brunswick . The property is close to excellent infrastructure including the producing Caribou Mine, operated by Trevali Mining Corporation. The Orvan Brook project comprises several parallel lenses of disseminated to banded massive sulphide mineralization that can be traced over a three kilometre strike-length and to a depth of 500 metres. It remains open at depth and the lenses can vary in thickness up 12.7 metres.
Anyone researching Wolfden Resources Corporation (CVE:WLF) might want to consider the historical volatility of the share price. Volatility is considered to be a measure of risk in modern finance theory. Read More...
Drill hole 22A, a wedge hole driven from and above the previously announced hole 22, intersected the West Lens at a vertical depth of 520 metres from surface (approximately 40 metres above hole 22). The massive sulphide intersection is 5.9 metres in core length and contains 24.0% Zn, 11.8% Pb, 1.0% Cu, 324 g/t Ag & 1.4 g/t Au. Hole 22, announced on July 9 th, 2018, intersected 4.7 metres at 24.0% Zn, 10.0% Pb, 0.9% Cu, 267 g/t Ag & 1.6 g/t Au.