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Thunder Bay explorer sees silver possibilities in Maine

Wolfden Resources signs option agreement on property with mine potential
Wolfden Resources July 2020 Pickett Mountain
Wolfden Resources drilling its Pickett Mountain property in July 2020 (Company photo)

A Thunder Bay junior miner is adding a second project to its exploration mix in Maine.

Wolfden Resources has signed an option agreement toward owning the Big Silver Project, a previously well-explored piece of ground in the state.

The 100-square-kilometre property contains a silver-rich polymetallic system containing gold, copper, lead and zinc. More than 2,800 drill core samples, compiled by previous operators over the years, average 28 grams per tonne silver with some as high as 2,245 grams per tonne.

The company said its initial stage of work is to compile and evaluate all of the historical data on the property to plan for a drill program. The extent of the mineralized system at Big Silver is basically unknown, Wolfden said.

Silver and base metal discoveries have been defined to a depth of 300 metres but the mineralization appears open at depth and along strike.

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“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 in a Nov. 2 news release.

“The previous work indicates the potential for grades and widths that could be extracted via underground mining techniques,” said Don Dudek, Wolfden's vice-president of 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.”  

Wolfden said there are paved roads to the edge of the optioned property, but there are few people living in the area and considers any future adverse impacts to the environment or nearby communities to be "very low."

Wolfden's flagship property in Maine is the Pickett Mountain Project, a high-grade polymetallic project containing zinc, copper, lead and gold. The company released a preliminary economic assessment in September outlining the potential for an underground zinc and copper mine with an operating life of 10.7 years, creating 100 jobs.