2011 from my old newsletter.
Research Notes WOLV
Wolverine Exploration Inc. ("Wolverine") is a junior exploration company focused on the exploration of mineral properties in Labrador, Canada. Wolverine holds a 90% interest in 412 mineral claims which cover an area of approximately 10,300 hectares in central Labrador and contain a series of significant copper-gold showings.
Assay values of copper and gold in sulphide range from 1.38% up to 6.4% Cu and up to 0.5 g/t Au.
Four outcroppings of high grade copper are showing at surface along the trans-Labrador highway, one outcropping is 460 meters by 370 meters and there is one estimate that it may extend downward up to ½ mile. There is 2 feet of overburden on average so open pit mining will be inexpensive and there is a new copper new mill built by Vale Inco
The property is located approximately 120 km west of Goose Bay and can be accessed directly from the Trans-Labrador Highway. Goose Bay, a small town of 9,000 people, features an international airport able to land the world's largest aircraft. Goose Bay is well equipped to handle mineral exploration programs and was the major staging point during the Voisey's Bay rush of the 1990's. This property is massive, 9 miles by 20 miles long and there are four copper outcroppings on the property. The Goose Bay area is also home to the Vale-Inco $2.2 billion smelter and deep water port.
The property is remote and has never been explored before now, the native Indians are the ones that brought this property to the attention of the management of Wolverine Exploration and the company was formed around it. Wolverine has a good relationship with the Innu people primarily through its relationship with Luke Rich, a prominent Innu leader and respected business man and 10% owner.
The presence of significant copper and gold mineralization within the Labrador Claims suggests that a mineralizing event has occurred that intruded into the meta-sedimentary rocks, or that an intrusive event occurred within the meta-sediments that hosts significant copper and gold
A Major Drill program about to get underway...readers will be updated as I get more information.
All my post are my opinion. I don't give out buy or sell advice. Buy stocks at your own risk.
