|Wed Jun 13, 2012|
Wolverine Commences Drilling The Dade Property
|WOLVERINE MINERALS CORP. - ("Wolverine" or the "Company") is pleased to announce that it has started its 2012 Exploration Drilling Programs on the Dade property in the Dawson Range, Yukon. Two diamond drill rigs have arrived on the property this week. The first drill has completed hole 1 and the second drill is nearing target depth. A total of 2,000 metres of diamond drilling and 1,500 metres of reverse circulation drilling are now planned for the Dade property. The reverse circulation drill rig is scheduled to arrive on the June 18, 2012. The reverse circulation drilling will be used to test the projected extensions of the main mineralized vein structures.|
The Dawson Range exploration program has been revised from the previously announced 2012 program (see news release dated May 8, 2012) and will now focus on the Dade property in the Dawson Range. The Sked / Desk property will not be drilled at this time, and the proposed diamond drill footage will be utilized on the Dade property. The drilling program for this property has been designed as two-phase program. An early start to the first-phase drilling program allows sufficient time for a second-stage drilling program within this field season, if warranted.
Wolverine is well funded to accomplish these drill programs and will not require further financing at this time.
The 1,700 hectare Dade property hosts the known 'Grizzly' gold-bearing vein which was discovered in the 1920s. The 2011 exploration program, including soil and rock geochemical sampling, excavator trenching and airborne geophysical surveying, successfully traced the Grizzly vein over a strike length of 200 metres, and discovered a second parallel gold-bearing vein to the east within a broad 200 by 37 metre zone of fractured and altered granitic rocks. Discontinuous chip samples collected along the floors of 11 trenches returned anomalous, but variable results. Initial results ranged from background to 72.90 g/t gold (across 4 metres).
Strongly anomalous gold-in-soil geochemical results indicate that these gold-bearing veins are open along both strike directions for over 1 kilometre. There may be more overburden-covered, parallel vein structures to the west. Furthermore, airborne radiometric and magnetic results have identified a 3 kilometre long, north-easterly trending structural feature that may control both the gold-bearing Grizzly veins and other similar vein structures.
The initial 2012 exploration program will focus on testing the Grizzly and parallel vein structures with 2,000 metres (~ 12 holes) of diamond drilling and 1,500 metres (~ 15 to 25 holes) of reverse circulation drilling. The diamond drilling will be used to evaluate the known 200 metre strike length of the Grizzly veins and the reverse circulation drilling will be utilized for shallow exploratory drilling along the more than 2 kilometre long combined soil geochemical and geophysical anomaly.
The 2012 fieldwork will be conducted by Archer, Cathro & Associates (1981) Limited under the supervision of Heather Smith, P.Geo., and guidance of Doug Blanchflower, P. Geo., VP Exploration, who are both qualified persons as defined by National Instrument 43-101. The technical data in this news release has been reviewed and approved by Ms. Smith and Mr. Blanchflower.
WOLVERINE MINERALS CORP.
Per: "Thomas A. Doyle"
Thomas A. Doyle
President & CEO
For further information, please contact:
Thomas A. Doyle
Phone: (604) 689- 5722
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
You can view the Next News Releases item: Wed Aug 8, 2012, Wolverine Completes Drilling of the Dade Property
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