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Gold/Mining/Energy Wolverine Exploration

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To: doubloon who wrote (165)	11/9/2012 10:45:24 AM
From: qbeagles	of 173

Doubloon - what do you make of the news this morning? Doesn't look good. First time I've really been concerned with the lack of results

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To: qbeagles who wrote (166)	11/9/2012 12:07:00 PM
From: doubloon	of 173

It is common procedure to drill at 50 degree angles to understand the host rock as well as the anomaly. Geophysics is not an exact science but there is a strong magnetic charge there. In my opinion it is haloed much like a headlight on a foggy night. Both the geologist and the geophysicist stand behind their reports and they are respectable. The problem being this is a horrible year to raise money that is why 2 holes then off to the lab.. This company needs a joint venture partner and that is the direction they are heading. I am still holding all my shares, I really think they turn this around. check out the geophysics on the company web site, here is a blown up view of one of the targets

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To: doubloon who wrote (167)	11/9/2012 6:05:47 PM
From: older than dirt	of 173

I'd like to clarify why the 50 degree angle Geological formations are often like a layer cake, but usually tilted a bit (or a lot) Grand Canyon (of the Colorado) is fairly level East-West but rises a bit to the North, maybe 1-2 degrees Evidence of this is that the same layer sequence is found in Bryce and Zion Canyons but about 5000 feet higher Red Rock Canyon, California, is tilted 17 degrees (you have probably seen this area in Western movies) Where I live is a bit more chaotic, with some if the strata pretty near 90 degrees, a few miles away it is only 10-20 degrees All of the above areas were originally an inland sea bottom, as was most of the western US What the drilling is trying to do is cut as many layers as possible, they do this by drilling at a normal (90 degree angle) to the strata, this usually causes drilling to be at some angle

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To: doubloon who wrote (167)	11/12/2012 6:56:57 PM
From: Cup-rum	of 173

Doubloon, share your opinion; still, it appears that WOLV BoD takes a long time to learn their lesson .... how about this one? saw this theory put forward for another "puzzling" exploration situation on another Cu/Ni exploration project: The conductor (ore body or other) could be vertical. This might explain the "ghost" reading. A very strong vertical conductor (along with some other factors) could off-set the EM survey. A vertical structure would also make a more difficult drill target, and that would explain why the results of the drilling haven't confirmed the Strong EM readings. An accurate 3-D model will quickly prove or disprove this theory. In any event, it appears JV will be necessary to get to the bottom of this....

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To: Cup-rum who wrote (169)	11/12/2012 10:06:00 PM
From: doubloon	of 173

I agree entirely. There have been very direct discussions with Abitibi Geophysics and they stand behind their findings. So a vertical anomaly could be possible or a large deeper anomaly that is casting a shadow upward is also a possibility. Bottom line is they need $1 million to do a drill program, so that is the plan, to bring in a joint venture partner. This property is far too important and the climate is not right to try and do this alone.

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To: Cup-rum who wrote (169)	11/14/2012 10:33:37 AM
From: doubloon	of 173

Here is another view of grid two, each I.P. slice is set one over the other so you can see the high chargeability at a progressive angle across the grid. There has to be some company out there that would want a 50% joint venture at a bargain basement price.

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From: doubloon	12/21/2012 10:06:33 PM
	of 173

Rumors::: The CEO has been a prospector / mining development officer for 15 years, rumors are there is a brand new discovery.

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To: doubloon who wrote (170)	12/28/2012 6:22:18 PM
From: Cup-rum	of 173

also would have liked them to use more advanced geophysical methods (VTEM or ZTEM, see LBSR in Alaska) to validate & further enhance their understanding of what's in the ground. It just seems like WOLV management spent a lot of $$$ on drilling instead of delineating the most promising locations with different/more advanced geophysical methods first, and that happened three years in a row basically (2010, 2011 & 2012 drill campaigns). maybe it's time for some fresh blood at the top & a geophysicist more in tune with cutting edge geophysical methodology ?

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