Wolfden Sources (TSXV: WLF) has introduced a mineral useful resource estimate for its Nickel Island deposit, 280 km southeast of town of Thompson in east-central Manitoba.
The mission has inferred assets of 8.47 million tonnes grading 0.82% nickel and 0.08% copper (0.86% nickel-equivalent) for 72,800 tonnes of nickel-equivalent metallic.
“The geological setting seems to be strongly indicative for the potential extension of the deposit and the invention of further mineralization with excessive nickel tenor and PGE’s [platinum group elements] on the property and surrounding space,” Ron Little, the corporate’s CEO, stated in a press launch.
The deposit will be traced for 900 metres alongside strike and to 400 metres depth and seems open in all instructions, Wolfden says.
That is the third useful resource estimate Wolfden has accomplished in as many months.
In December, the corporate reported its preliminary mineral useful resource estimate for its Rice Island mission, additionally in Manitoba. The mission has indicated assets of 4.29 million tonnes grading 0.74% nickel, 0.49% copper, 0.06 gram gold per tonne, 0.02 gram platinum per tonne, 0.03 gram palladium per tonne, 0.03% cobalt (1.11% nickel-equivalent) for 47,700 tonnes of nickel-equivalent metallic and inferred assets of 3.39 million tonnes grading 0.55% nickel, 0.37% copper, 0.09 gram gold per tonne, 0.02 gram platinum per tonne, 0.04 gram palladium per tonne, 0.04% cobalt (0.89% nickel-equivalent) for 30,300 tonnes of nickel-equivalent metallic.
And in November, the firm reported that indicated and inferred assets for its Pickett Mountain mission in northern Maine, within the United States, elevated by 22% and 57%, respectively, from a earlier estimate accomplished in 2020.
Pickett’s indicated useful resource is now 2.7 million tonnes averaging 8.91% zinc, 3.83% lead, 1.22% copper, 97.2 grams silver per tonne, and 0.8 gram gold per tonne (17.72% zinc-equivalent). The inferred portion is now 3.6 million tonnes at 9.27% zinc, 3.83% lead, 1% copper, 105.4 grams silver per tonne, and 0.7 gram gold per tonne (17.65% zinc-equivalent). The deposit stays open at depth and into the footwall to the north.
At presstime, Wolfden was buying and selling at 22.5¢ per share inside a 52-week buying and selling vary of 15¢ and 35.5¢.