| From: doubloon | 9/15/2012 2:57:22 PM | | | | | | WOLV
There are those that get it and those that don't
apparent chargeability pseudo section
cross section from grade to 75 meters (246 feet) depth (+/-)
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| From: doubloon | 10/10/2012 12:17:04 PM | | | | | | Wolverine Exploration Announces Commencement of Diamond Drilling on its Cache River Copper/Gold Property in Central Labrador PR Newswire
VANCOUVER, British Columbia, Oct. 10, 2012
VANCOUVER, British Columbia, Oct. 10, 2012 /PRNewswire/ -- Vancouver Wolverine Exploration Inc. (WOLV-OTCQB) is pleased to announce that mobilization of equipment to the Cache River property for the drilling program was completed yesterday. The drill program is commencing today. The initial drilling will consist of a minimum of four drill holes and a minimum of 300 metres and will be evaluated for further drilling after the assay results of the initial drilling have been received.
The drill program will be conducted by Innu-Cartwright Drilling Limited Partnership under the supervision of the project geologist Ed Montague, P. Geo.
On behalf of the Board
Lee Costerd
President
For further information please contact:
Ronald Jones (778) 297-4409
investor@wolverineexplorationinc.com
wolverineexplorationinc.com
Or
The Foothills GroupSan Jose, CA1-888-516-7415 (toll free)
info@foothillsgroup.com
foothillsgroup.com
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the exploration program.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE Wolverine Exploration Inc. |
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| To: oldcranky who wrote (164) | 10/11/2012 3:24:14 PM | | From: doubloon | | | | | I guess they have the option to keep going, lets remember that more drilling requires more money, however once the assays are proven I would expect money to flow easier. This year has not been kind to exploration companies trying to raise money without dilutive toxic funding involved. |
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| To: qbeagles who wrote (166) | 11/9/2012 12:07:00 PM | | From: doubloon | | | | 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 | | | | 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 | | | | 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 | | | | 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 | | | | 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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