Wolverine Exploration Announces Results of 2011 Exploration at Cache River Date : 01/09/2012 @ 1:34PM Source : MarketWire Stock : Wolverine Exploration Inc. (WOLV)
Wolverine Exploration Inc. ("Wolverine") (OTCQB: WOLV) (PINKSHEETS: WOLV) is pleased to provide an update on exploration activities on its mineral property in central Labrador. As reported in our last release, four of the eleven anomalous areas detected from the IP survey had been completed when winter weather conditions forced the shutdown of operations. The logic behind the sequence of drilling targets on grid 1 was to complete the holes located remote from immediate highway access as the season was far advanced when the program began. Wolverine had intended to complete the entire list of targets on both grids and this mode of operations was adopted. The drill camp was near grid 1 and to move on grid 2 would entail the moving of camp 20 km which would consume several days and it was felt that the delay would be unwarranted. As a result, the five locations on grid 2 where the malachite surface showings assayed up to 6.3% Cu could not be accessed due to inclement weather conditions.
Drill Hole CR1-08-11, where 37 meters of core had been cut and sent for assay, revealed low base metal values with traces of gold. Although the results were not as high as anticipated, Wolverine intends to complete the remainder of the program in 2012 and will begin drilling on the five locations situated on grid 2.
Two samples from drill hole CR1-07-11 that were sent to ActLabs for analysis of rare earth elements (REEs) returned values that were not considered significant enough for further action at this time.
On behalf of the Board
Lee Costerd
President
--------------------------------------------------------------------------------------------------------------------------------------------------------
Disappointing |
