Agreement For The Big Silver Project In Maine

THUNDER BAY, ON - Wolfden Resources Corporation has signed an option agreement to earn a 100% interest in the Big Silver Project in Maine. Historical work on the property discovered a significant silver rich polymetallic system (Ag-Au-Cu-Pb-Zn) where 2,854 core samples averaged 28 g/t Ag and were locally as high as 2,245 g/t Ag. In addition, soil samples display significant silver enrichment where values up to 30 g/t Ag in soil are common. The Project occurs within a highly prospective belt of rocks that extends over 100 square kilometers (40 sq. miles).

"The addition of the Big Silver Project increases our exposure to precious metals and is still in keeping with our strategy of advancing high-margin mining projects that host a basket of specialty metals that are used to power the grid and needed to feed the E.V. revolution," said CEO, Ron Little. "Wolfden is the first public company to explore and develop mining projects in Maine under the 2017 Chapter 200 mining legislation and the addition of Big Silver reiterates our commitment to the State. Based on our successes to date at Picket Mountain, and the potential mineral endowment that Maine has to offer, we look forward to expanding our scope of exploration and continue to work transparently with all stakeholders to develop the sector using sound environmental and socio-economic practices.”

“The previous work indicates the potential for grades and widths that could be extracted via underground mining techniques," said, Don Dudek, VP Exploration. "We hope to confirm and expand the potential limits and continuity of the higher-grade zones in order to determine the potential economic viability for an underground mining scenario on the project."

Access to the area is excellent with paved roads to the edge of the optioned area. There are very few people living in the area where any deemed future impacts of the project on the community or environment would be considered to be very low. Initial work on the project will include a compilation and evaluation of all the historical data in order to plan the next drill program. The total extent of the mineralized system at Big Silver is still unknown. Silver and base metal mineralization have been defined so far, to a depth of 300 metres and appears open at depth and along strike where it is expected to be structurally controlled.