Wolverine Resources Corp (WOLV)

[falon]

Western Labrador


http://www.nr.gov.nl.ca/mines&en/statistics/ExpOv/Exploration%20Highlights%20for%20July,%202010.pdf


On July 7, 2010, Wolverine Exploration Inc. announced an update on exploration work during June and early July on its 90% owned Cache River Property in west central Labrador. Work on the Property consisted of prospecting, sampling and geological reconnaissance on and around electro-magnetic and radiometric anomalies that were identified during the 2007 airborne survey. Earlier sampling on rock cuts along the
highway had shown significant values in Cu and Au that warranted further exploration. To date a total of 94 rock samples have been collected and sent to a laboratory for ICP-30 elements and Au analysis. Results have been received which indicates that several areas have elevated levels of Cu with minor Au, Pb and Zn. The strongest anomalous area (Sample CR-11;-1.69% Cu) was traced southwest for over a strike length of 100 meters (328 ft) in bedrock when excessive overburden prevented further examination of the zone. This exploration will be continued utilizing an excavator. The northern center of this anomaly is directly on strike, 250 meters from the sample site indicating a possible continuation of the zone to the north. This is scheduled for the diamond drill.A second anomalous area that is of considerable interest to Wolverine lies one kilometer to the east (Sample RS-04-02, 2.17% Cu and 556 ppb Au) could not be traced further than the rock cut due to overburden thickness. This area is also scheduled for trenching and drilling.
The western end of the Property, will also receive a more detailed geological inspection during this phase of the exploration. The mineralization exposed here is mainly malachite and is contained in meta-sedimentary gneiss. Previous sampling assayed up to 6.4% Cu. The current program confirmed the high Cu levels and also that Au is present as well. One sample assayed at 420 ppb Au. Wolverine has recently signed contracts for both the trenching and diamond drilling operations on its property. The trenching contractor, Kakahashu Construction, operates out of nearby Goose Bay while UltraLite Drilling is based in Ontario.

http://www.wolverineexplorationinc.com