Wolfden Resources (YWO-V) and Jonpol Explorations (JON-T) plan to immediately begin a program of surface sampling on 2.6 sq. km of land which they recently acquired near Thunder Bay, Ont.
The two have staked, on an equal basis, 13 claim blocks and have signed a letter of intent to cover the discovery of the Sapawe ultramafic intrusion complex and the Nickleby Offset properties.
The claims cover favourable ultramafic intrusive rocks with potential to host copper, nickel and platinum group element (PGE) mineralization. Preliminary sampling in the area has resulted in new PGE discoveries.
One such discovery lays in an outcrop that lies 300 metres south of the magnetic expression of the main intrusive trend. Samples returned 0.24 gram platinum-palladium-gold per tonne. Assays are pending from samples derived from ultramafics east of the Sapawe complex, where a new mineralized horizon, consisting of chalcopyrite, pyrrhotite and pyrite, is hosted by ultramafic intrusives.
The Nickleby prospect coincides with a magnetic high measuring 1.5 km long and more than 200 metres wide. Mineralization is hosted by a coarse-grained ultramafic intrusion that outcrops intermittently over an area measuring 500 metres by 200 metres. Pyrrhotite and chalcopyrite range from trace up to 10%. Mineralization is open to the south under overburden and to the north under water.
A previous outcrop sample from the Nickleby claims returned an assay of 1.73 grams palladium, 0.29 gram platinum and 0.19 gram gold per tonne.
Five grab samples of rubble from a nearby road were highlighted by sample NBY-5, which yielded 1.77% copper, 0.27% nickel, 1.56 grams platinum, 1.99 grams palladium and 0.56 gram gold per tonne.
Three samples from the Whit area returned up to 0.36% copper, 0.05% nickel, 1.02 grams platinum, 1.29 grams palladium and 0.35 gram gold.
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