RICE ISLAND PROPERTY

Wolfden is focussed on advancing its 100% interest in the Rice Island Ni-Cu-Co deposit in Manitoba. The property containing the flagship Rice Island deposit comprises 2,611 hectares and is located in the Snow Lake-Flin Flon greenstone belt, 5 kilometres from Hudbay’s Snow Lake concentrator and associated mining infrastructure.

The deposit is located at the southwest end of Rice Island where mineralization occurs at the basal contact of a northeast-striking, steeply plunging gabbroic intrusion and underlying sedimentary rocks. Classic orthomagmantic Ni-Cu-Co mineralization was earlier found by Inco Ltd. at the Main Zone, at the basal contact of the intrusion during the period 1949 to 1967. Recent drilling completed by Wolfden has confirmed the grade and nature of Ni-Cu-Co mineralization of the Main Zone and was successful in discovering an underlying feeder zone or conduit (New Lower Zone) containing high-grade nickel sulphide mineralization. Wolfden’s future exploration efforts will be directed at additional drilling of the mineralizing system to enlarge the known mineral deposit and to find additional ones, within the framework of a dynamic system of magmatic fluid flow clearly exhibited by both the Main Zone and the New Lower Zone.

RESOURCES

At this time there is no qualified resource estimate for this project.