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Wolfden Continues To Hit High-Grade In Deep Drilling At Pickett Mountain

THUNDER BAY, ON - Wolfden Resources Corporation reported that additional deep drill holes in the Company's ongoing infill and expansion drill program on its wholly-owned Pickett Mountain Project in Maine, have intersected high-grade massive sulphide mineralization, in the West lens of the deposit. 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 9th, 2018, intersected 4.7 metres at 24.0% Zn, 10.0% Pb, 0.9% Cu, 267 g/t Ag & 1.6 g/t Au. over 4.7 metres.  These grades are amongst the best in the deposit and similar to the deepest intersection at 800 metres where the deposit remains open. True widths are approximately 70% of the core length.
In another wedge hole 23A, driven from and above hole 23, assay results are pending for multiple intercepts of massive sulphide mineralization.  This intersection is located 70 metres east of hole 22A and 30 metres above hole 23, at approximately the same depth of 520 metres.  Of interest, in this area there are multiple lenses of massive sulphides with hole 23 returning 2.5 metres at 20.3% Zn, 3.8% Pb, 1.4% Cu, 78 g/t Ag, 1.0 g/t Au and 5.9 metres at 7.5% Zn, 3.2% Pb, 1.3% Cu, 65 g/t Ag, 0.7 g/t Au. 
The above drill intercepts in combination with recently released results, comprise the deepest drilling completed by the Company to date in the West Lens and clearly demonstrate the potential to expand resources below a depth of 400 metres, where there was minimal historical drilling. 
Furthermore, ongoing exploration work both local and regional to the main deposit, includes prospecting, geological mapping, soil sampling and trenching on a number of prospective targets generated by the Company's airborne VTEM and ground IP geophysical surveys. Several VTEM conductors display similar geophysical signatures to those associated with both the East and West lenses of the Pickett Mountain deposit and will be drill tested in further efforts to discover additional massive sulphide lenses.
A second and larger drill rig is expected to arrive on the property in the coming weeks and will focus on the deeper expansion drilling and allow the current smaller rig to focus on more shallow intersections in the main zone and other exploration targets. 
The Company is in the process of modelling the historical and recent drill results in order to generate a an initial 43-101 compliant mineral resource estimate during the forth quarter and could be further updated in 2019 as the drilling continues.