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Wolfden Resources announces drill programs for 2003-
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=18502588
Can you do an Elliot Wave analysis on YWO.V?
Thx in advance-
RE- CCI-
If you overlay a 6 period CCI onto a 14 period CCI you get a very popular tool for the traders that play the eminis-
Re Teck doesn't do gold- I guess they are giving it another try-
Teck just announced a joint venture on 3 properties in Red Lake with Wolfden Resources in the past 2 weeks-
http://www.wolfdenresources.com/Releases/jan202003.htm
They are spending $4 million on one of the properties called My Ritt, and reimbursing Wolfden their previous expenditures-
Teck is already involved with Wolfden on the High Lake copper/zinc property as technical advisor-
-Teck invested $1 million into Wolfden last year-
High Lake is approximately 6 million tons of 4% copper and 2.6% zinc- Wolfden feels it is the highest grading undeveloped poly-metallic deposit in Canada-
(Goldcorp just invested $1/2 a million into Wolfden as well)
http://www.wolfdenresources.com/press.htm
Good luck to all-
That does sound interesting- $30 million is not too shabby-
I am going to check it out-
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I own stock in this Canadian company you might want to check it out-
-YWO.V has just announced 2 very significant developments-
Goldcorp (G.TSE) has invested about $500,000.00 into the company, and Teck Cominco (TEK.A) is going to joint venture on 3 properties in Red Lake-
One of the properties, My Ritt is going to receive $4 million in exploration expenditures-
Press releases may be seen here-
http://www.wolfdenresources.com/press.htm
YWO just hit a new 52 week high last week-$1.82 (CAD)
I am long, Wolfden now has joint ventures with Bema Gold, Kinross, Placer Dome, Newmont and Teck Cominco, so they are in good company IMO.
They also have the largest land position in Red Lake on the mine trend.
YWO has approximately $6 million in the treasury and no debt-
Good luck to all-
Yes, Goldcorp is producing gold at an average of 2 oz/ton in Red Lake aren't they?
Some of it is up to 4 oz/ton I believe-
How does Botwood Basin compae to Red Lake?
anyone familiar with it?
YWO.V has just announced 2 very significant developments-
Goldcorp (G.TSE) has invested about $500,000.00 into the company, and Teck Cominco (TEK.A) is going to joint venture on 3 properties in Red Lake-
One of the properties, My Ritt is going to receive $4 million in exploration expenditures-
Press releases may be seen here-
http://www.wolfdenresources.com/press.htm
YWO just hit a new 52 week high last week-$1.82 (CAD)
I am long, Wolfden now has joint ventures with Bema Gold, Kinross, Placer Dome and Teck Cominco, so they are in good company IMO.
They also have the largest land position in Red Lake on the mine trend.
YWO has approximately $6 million in the treasury and no debt-
Good luck to all-
YWO.V has just announced 2 very significant developments-
Goldcorp (G.TSE) has invested about $500,000.00 into the company, and Teck Cominco (TEK.A) is going to joint venture on 3 properties in Red Lake-
One of the properties, My Ritt is going to receive $4 million in exploration expenditures-
Press releases may be seen here-
http://www.wolfdenresources.com/press.htm
YWO just hit a new 52 week high last week-$1.82 (CAD)
I am long, Wolfden now has joint ventures with Bema Gold, Kinross, Placer Dome and Teck Cominco, so they are in good company IMO.
They also have the largest land position in Red Lake on the mine trend.
YWO has approximately $6 million in the treasury and no debt-
Good luck to all-
YWO.V has just announced 2 very significant developments- Goldcorp has invested about $500,000.00 into the company, and Teck Cominco is going to joint venture on 3 properties in Red Lake-
One of the properties, My Ritt is going to receive $4 million in exploration expenditures-
Press releases may be seen here-
http://www.wolfdenresources.com/press.htm
YWO just hit a new 52 week high last week-$1.82 (CAD)
I am long, they have joint ventures with Bema Gold, Kinross, Placer Dome and now Teck, so they are in good company.
YWO has approximately $6 million in the treasury and no debt-
Good luck to all-
WISE- I mentioned this one a while back- YWO.CDNX- I think it fits your thread=it is doing well anyways-
Website is http://www.wolfdenresources.com
Latest press release is good for the company- an excellent drill hole which extends their copper/zinc property payzone-
http://www.wolfdenresources.com/Releases/may282002.htm
Wolfden pulls another good hole at their 100% owned High Lake copper/zinc property-
This property has a lot of expensive rock- 5.3 million tons graded in excess of $100.00 (U.S.) per ton, and they have expanded this amount with their last two drill holes released- They are doing a $2 million dollar drill program over the summer-
------
Latest drill hole assays are here:
http://www.wolfdenresources.com/Releases/may282002.htm
YWO.V is my fave exploration junior-
Website is http://www.wolfdenresources.com
They are currently trading at $1.21 (CAD).
YWO has a gold property called Monument Bay that is currently undergoing a 3,500 meter step-out drilling program-
The gold property is a joint venture with Bema Gold-(BGO.TSE) and has 600,000 ounces drill indicated from previous drilling.
They also have a copper/zinc property that they are going to start drilling this season, called High Lake.
This property has 5.3 million tons of 4% copper drill indicated from previous programs and is 100% owned by YWO. It is located in Nunavut (Northern Canada).
They also recently signed a joint venture agreement on a gold exploration property in the famous gold producing area called Red Lake, with Newmont Mining Inc., which is the world's largest gold producer. It is called the Skinner Gold property.
-----
YWO just announced a financing of $2.2 million.
News release follows:
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Wolfden Resources Inc - News Release
Wolfden raises $2.2-million through financing
Wolfden Resources Inc YWO
Shares issued 15,111,921 Apr 24 2002 close $1.240
Thursday Apr 25 2002 News Release
Mr. Ewan Downie reports
WOLFDEN COMPLETES $2.2 MILLION FINANCING
Wolfden Resources has completed the offering of 2,932,733 Class C special warrants at a price of 75 cents per Class C special warrant for gross proceeds of $2,199,549.75, through a syndicate led by Canaccord Capital Corporation and Dundee Securities Corporation (collectively the agents). The agents received for their services in connection with the offering, a total of 205,291 Class D special warrants.
Each Class C special warrant is exercisable, for no additional consideration, for one flow-through common share of Wolfden, and each Class D special warrant is exercisable, for no additional consideration, for one common share of Wolfden, provided that a receipt is issued for a final prospectus of Wolfden qualifying the issue of such flow-through common shares and common shares by Sept. 21, 2002, failing which each Class C special warrant will be exercisable, for no additional consideration, for 1.1 flow-through common shares and each Class D special warrant will be exercisable, for no additional consideration, for 1.1 common shares.
The proceeds from the private placement will be used to finance the exploration of the High Lake property.
Newmont Mining and YWO.V have just done a deal-
this is the first deal Newmont has done in Canada since they took over Battle Mountain Gold, they must like the property,
it is called Skinner gold property.
-----------------------------------------------------
Wolfden agrees to option Skinner interest to Newmont
Wolfden Resources Inc
YWO.CDNX
Shares issued 15,112,171
Wednesday Apr 10 2002
News Release
Mr. Ewan Downie reports
WOLFDEN - NEWMONT TEAM UP IN RED LAKE AREA
Wolfden has signed an agreement with Newmont Canada, a subsidiary of
Newmont Mining Corporation, whereby Newmont will have the option to earn up
to a 75-per-cent interest in the Skinner gold property located in the Red Lake
mining district, Ontario.
Newmont can earn up to 75 per cent of the property in two stages. The initial 65
per cent can be earned by spending $700,000 in exploration by Dec. 31, 2006,
and making annual cash payments owing to the vendor of the property pursuant to
the Wolfden option. An additional 10 per cent can be earned by incurring
additional expenditures of $400,000 on or before Dec. 31, 2007.
The Skinner gold property covers favourable Balmer assemblage volcanic rocks
located on the west side of the Birch-Confederation greenstone belt. Ultramafic
(serpentinite) rock is also documented on the property. Balmer assemblage rocks
and associated ultramafics are host to the large gold mines in the Red Lake area
including the prolific Campbell (Placer Dome) and Red Lake (Goldcorp) mines.
The gold mines of Red Lake are world renowned for their high grades --
Goldcorp currently produces gold at an average grade of about two ounces/ton.
A significant gold grain in basal till anomaly outlined by the Geological Survey of
Canada occurs down ice from the Skinner gold property.
In addition to the Skinner gold property, Wolfden has recently acquired by staking
an additional 1,200-acre claim block to the south of the Skinner property. These
claims also cover the favourable Balmer/Confederation assemblage contact.
WARNING: The company relies upon litigation protection for "forward-looking"
statements.
YWO.V is hitting new 52 week highs-I am long
--------------------------------
Recent highlights-
Received assay results from their Monument Bay gold property in Manitoba, including an assay of .91 oz/ton of gold across 2.35
-YWO just struck another jv deal with a major, this time it's Newmont, on the Skinner Gold property, in the Red Lake Area.
-Last deal was with Bema for a $6 million dollar option agreement on their high grade gold exploration property in Manitoba.
-They also just announced an $882,000.00 financing-
The following is a "Speculative Buy" recommendation oreleased on March 28/02 by Canaccord, the largest independant investment dealer in Canada.
--------------------------------------------------------------------
-----------------------------------------
-----------------------------------------------------------
-----------------------------------------------------------
SPECULATIVE BUY
YWO : CDNX : $0.89
JUNIOR MINING
Wolfden Resources Inc.
Providing enormous exploration leverage to a high-grade gold deposit in Manitoba and to a copper-rich, potentially large, VMS prospect in Nunavut
Monument Bay, Manitoba: a high-grade gold project currently being drilled by partner Bema Gold
Wolfden has optioned a 70% interest in the Monument Bay gold project located in northeast Manitoba to
Bema Gold. Most recent figures for the three separate zones on the project show resource estimates of
over 600,000 ounces. The B and C zones contain high-grade average values of 15.97 and 10.85
grams/tonne Au, respectively. Bema has initiated a drill campaign on these zones with the objective of
targeting the extensions of previous high-grade holes, and to increase the resource base outlined.
High Lake, Nunavut: an established copper-rich VMS deposit that Wolfden has re-interpreted
as being open to substantial development potential
Wolfden is expected to resume drilling on its 100% held High Lake copper-rich VMS project located in
the Coronation Gulf region of Nunavut in mid Q2/02. Current resources of 5.3 million tonnes confirm a
plus 4% copper deposit with good gold, silver and zinc by-product credits. Within this estimate, the A/B
zone contains 3.2 million tonnes of 5.0% Cu, 1.1% Zn, 2.3 grams/tonne Au and 18.2 grams/tonne Ag.
Drilling in the summer of 2001 tested this horizon to depth. Although the zone was previously interpreted
as being truncated, holes with up to 29.5 metres of 5.3% Cu and 1.3 grams/tonne Au demonstrated that
significant exploration upside exists to depth.
Wolfden provides near-term exploration leverage to two highly prospective
Canadian exploration plays
We consider both the Monument Bay and High Lake prospects as providing exploration potential to
materially expand known resources. We initiated coverage on March 15, 2002 at $0.53/share and rated
Wolfden a SPECULATIVE BUY for risk accounts. We maintain this recommendation and have placed
Wolfden as a Top Pick within the junior mining sector.
Graeme Currie (604) 643-7405 March 28, 2002
graeme_currie@canaccord.com 2002-025
YWO gets recommended by Canaccord as a speculative buy
---------------------------------------
SPECULATIVE BUY
YWO : CDNX : $0.89
JUNIOR MINING
Wolfden Resources Inc.
Providing enormous exploration leverage to a high-grade gold deposit in Manitoba and to a copper-rich, potentially large, VMS prospect in Nunavut
Monument Bay, Manitoba: a high-grade gold project currently being drilled by
partner Bema Gold
Wolfden has optioned a 70% interest in the Monument Bay gold project located in northeast Manitoba to
Bema Gold. Most recent figures for the three separate zones on the project show resource estimates of
over 600,000 ounces. The B and C zones contain high-grade average values of 15.97 and 10.85
grams/tonne Au, respectively. Bema has initiated a drill campaign on these zones with the objective of
targeting the extensions of previous high-grade holes, and to increase the resource base outlined.
High Lake, Nunavut: an established copper-rich VMS deposit that Wolfden has re-interpreted
as being open to substantial development potential
Wolfden is expected to resume drilling on its 100% held High Lake copper-rich VMS project located in
the Coronation Gulf region of Nunavut in mid Q2/02. Current resources of 5.3 million tonnes confirm a
plus 4% copper deposit with good gold, silver and zinc by-product credits. Within this estimate, the A/B
zone contains 3.2 million tonnes of 5.0% Cu, 1.1% Zn, 2.3 grams/tonne Au and 18.2 grams/tonne Ag.
Drilling in the summer of 2001 tested this horizon to depth. Although the zone was previously interpreted
as being truncated, holes with up to 29.5 metres of 5.3% Cu and 1.3 grams/tonne Au demonstrated that
significant exploration upside exists to depth.
Wolfden provides near-term exploration leverage to two highly prospective
Canadian exploration plays
We consider both the Monument Bay and High Lake prospects as providing exploration potential to
materially expand known resources. We initiated coverage on March 15, 2002 at $0.53/share and rated
Wolfden a SPECULATIVE BUY for risk accounts. We maintain this recommendation and have placed
Wolfden as a Top Pick within the junior mining sector.
Graeme Currie (604) 643-7405 March 28, 2002
graeme_currie@canaccord.com 2002-025
CANACCORD RECOMMENDATION ON YWO-
--------------------------------
SPECULATIVE BUY
YWO : CDNX : $0.89
JUNIOR MINING
Wolfden Resources Inc.
Providing enormous exploration leverage to a high-grade gold deposit in Manitoba and to a copper-rich, potentially large, VMS prospect in Nunavut
Monument Bay, Manitoba: a high-grade gold project currently being drilled by
partner Bema Gold
Wolfden has optioned a 70% interest in the Monument Bay gold project located in northeast Manitoba to
Bema Gold. Most recent figures for the three separate zones on the project show resource estimates of
over 600,000 ounces. The B and C zones contain high-grade average values of 15.97 and 10.85
grams/tonne Au, respectively. Bema has initiated a drill campaign on these zones with the objective of
targeting the extensions of previous high-grade holes, and to increase the resource base outlined.
High Lake, Nunavut: an established copper-rich VMS deposit that Wolfden has re-interpreted
as being open to substantial development potential
Wolfden is expected to resume drilling on its 100% held High Lake copper-rich VMS project located in
the Coronation Gulf region of Nunavut in mid Q2/02. Current resources of 5.3 million tonnes confirm a
plus 4% copper deposit with good gold, silver and zinc by-product credits. Within this estimate, the A/B
zone contains 3.2 million tonnes of 5.0% Cu, 1.1% Zn, 2.3 grams/tonne Au and 18.2 grams/tonne Ag.
Drilling in the summer of 2001 tested this horizon to depth. Although the zone was previously interpreted
as being truncated, holes with up to 29.5 metres of 5.3% Cu and 1.3 grams/tonne Au demonstrated that
significant exploration upside exists to depth.
Wolfden provides near-term exploration leverage to two highly prospective
Canadian exploration plays
We consider both the Monument Bay and High Lake prospects as providing exploration potential to
materially expand known resources. We initiated coverage on March 15, 2002 at $0.53/share and rated
Wolfden a SPECULATIVE BUY for risk accounts. We maintain this recommendation and have placed
Wolfden as a Top Pick within the junior mining sector.
Graeme Currie (604) 643-7405 March 28, 2002
graeme_currie@canaccord.com 2002-025
We pay a lot up here too- I use a full service broker because of the information I can get from them. A trade costs me around $85.00 Canadian, and if I trade U.S. stocks it is about $85 minimum U.S.
That is a lot!
In the long run I find it is better to use a broker because if you get to know them and they give you a couple of good tips, one or two trades can make the whole years commissions.
You have to be able to trust them however.
Anyways- I Wolfden is awaiting drill results which will hopefully be good-
Wow that is a very informative article, thanks.
The CEO says there are some 'good mistakes' in it however.
Not sure what they are.
I think Wolfden is going to do really well from here-
They just announced another financing for $2 million and they also just announced they are divesting themselves of some non-core assets, which will result in a dividend being paid to shareholders, subject to regulatory approval.
Here is the news release
http://www.fin-info.com/$main$nobody,,16954194$54a616c8e085/press_release.phtml?symbol=YWO&_time....
That is interesting Will- where did you do the story at?
Well Wolfden (YWO.CDNX) just announced they are raising $ 2 million (CAD) in a private placement to finance further exploration on their High Lake copper/zinc property. It is the highest grading copper/zinc property in Canada at the moment.
They are currently drilling with jv partner Bema Gold (BGO.TSE) on their gold property in Manitoba.
Drill results should be back soon....
Wolfden has just announced they are raising $2million dollars Canadian through a private placement.
------
Press Release Toronto: March 13, 2002.
Shares Issued: 15,112,171
WOLFDEN TO COMPLETE $2 MILLION PRIVATE PLACEMENT
WOLFDEN RESOURCES INC. ("Wolfden") (CDNX:YWO) announces that it has engaged Canaccord Capital Corporation and Dundee Securities Corporation
(collectively the "Agents") to act as agents for a private placement of class C special warrants of Wolfden to raise proceeds of up to $2,000,000. The private
placement is subject to the receipt of all required regulatory approvals.
Wolfden will issue up to 2,666,666 class C special warrants. The class C special warrants will be issued at a price of $0.75 per class C special warrant and each
class C special warrant will entitle the holder thereof to acquire, for no additional consideration, one "flow-through" common share of Wolfden.
The Agents will receive for their services a fee paid in class D special warrants equal in the aggregate to 7 per cent of the class C special warrants sold under the
private placement. Each class D special warrant will entitle the holder thereof to acquire, for no additional consideration, one common share of Wolfden.
The special warrants are exercisable by the holders thereof at any time and will be automatically exercised at 5:00 p.m. (Toronto time) on the earlier of (i) the fifth
day after the date of issue by the applicable securities regulatory authorities of receipts for a prospectus qualifying the securities to be issued upon the exercise
of the special warrants and (ii) the date which is 12 months from the date of closing of the private placement. In the event receipts for the prospectus have not
been issued on or before the date which is 150 days after the date of closing of the private placement, each class C special warrant will entitle the holder thereof
to acquire, for no additional consideration, 1.1 "flow-through" common shares of Wolfden and each class D special warrant will entitle the holder thereof to
acquire, for no additional consideration, 1.1 common shares of Wolfden.
The proceeds from the private placement will be used to fund the exploration of the High Lake Property of Wolfden.
Wolfden is a Canadian based mineral exploration and development company engaged in the exploration for economic mineral deposits.
For further information, please contact:
Ewan Downie, President
Phone: 807-346-1668
Fax: 807-473-1977
E-mail: wolfden@baynet.net
YWO.CDNX is my fave at the moment- they are expecting drill results soon- JV Partner Bema Gold is currently drilling the Monument Bay property in northeastern Manitoba.
YWO has been raising some financing and this is having a good effect on the price.
Website is http://www.wolfdenresources.com
They also own 100% of the High Lake Copper/Zinc project in Nunavut and I expect they will be expanding the reserve there this year as well.
It is currently 5.5 million tons of the highest grade copper in Canada at 4% average, and almost 3% zinc.