![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Saturday, December 19, 2009 9:39:04 PM
It seems WOLV's PR on 16Dec09 answers a few questions I had after reading the Q.
The first very positive item for WOLV is this;
They have gold/copper findings on their claims already - From PR - 16Dec09
Wolverine is a junior mineral exploration company that owns a 90% interest in 540 mineral claims located in central Labrador, Canada (the "Labrador Claims"). These claims cover roughly 33.5 thousand acres and contain a series of significant copper-gold showings. Mineralized sub-crops were uncovered during construction of the Trans-Labrador Highway (TLH). Assay values from these sulphide-stained showings were sampled by Wolverine in 2006 and 2008 and range from 1.38% to 6.4% Cu(copper) and up to 0.5 g/t Au(Gold).
From Last Q - Exploration Plan
Our plan of operation for the next 12 months is to complete the following five phase exploration program within the time periods specified, subject to our company obtaining the additional funding necessary for the continued exploration of the Labrador Claims. Currently, our company does not have enough funds to complete Phase Four of our proposed exploration program in the fall of 2009.
IMO THEY RECEIVED THE FINANCING SINCE THE 16DEC09 PR SAID;
Wolverine recently completed a more detailed prospecting and sampling program on the Labrador Claims in 2009 with the intent of establishing a ground grid for geophysical surveys (induced polarization) in an effort to map out the extent of the disseminated copper mineralization in advance of a drill program. Details on the results of the prospecting and sampling program will be released shortly
We can expect the Quarterly Report for the Quarter ending November 30th around the second week or so of January. This will answer more questions for us. It's apparent by the PR that they did the sampling this past fall, so these results are pending.
I feel lucky to have found this early. There are numerous mineral exploration stage companies trading much higher than this, with no testing, results, or mineral findings. Here is a company who has positive sampling already, and seems to have other prospecting and sampling results pending. It will be nice to hear some additional news, and see the next Quarterly Report.
Recent WOLV News
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 01/19/2024 06:57:22 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/16/2024 11:05:47 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/23/2023 08:29:08 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 10/16/2023 03:47:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/08/2023 12:00:48 AM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 08/29/2023 03:26:09 PM
Maybacks Global Entertainment and ZEASN Technology Private Ltd. Sign Global Licensing Agreement • AHRO • Aug 8, 2024 7:00 AM
SANUWAVE Will Host a Conference Call on August 13, 2024 at 8:30 AM (ET) to Present Q2 Financial Results • SNWV • Aug 8, 2024 6:59 AM
Kona Gold Beverage Inc. Signs Letter of Intent with Bemax, Inc. to Sell Kona Gold, LLC • BMXC • Aug 7, 2024 10:00 AM
Btab Ecommerce Group, Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • BBTT • Aug 7, 2024 9:00 AM
Hydromer, Inc. Announces Preliminary Unaudited Second Quarter 2024 Financial Results and Provides Business Update • HYDI • Aug 7, 2024 8:52 AM
North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California • NBRI • Aug 5, 2024 9:00 AM