Replies to post #957 on Ed's Thread

[Tackler]

Mineralized zones intersected at East Bay - Red Lake drilling
Monday February 9, 9:00 am ET

Shares Issued: 42,509,807
THUNDER BAY, ON, Feb. 9 /CNW/ - WOLFDEN RESOURCES INC. (TSX:WLF - News) is pleased to announce that drilling has intersected zones of silicification and mineralization on both the East Bay Property, a joint venture with Placer Dome (CLA) Ltd., and the East Bay West Property, a joint venture with Rubicon Minerals. Both properties are located in the East Bay ultramafic trend in the Red Lake Mining District.
EAST BAY PROPERTY- Red Lake

Drilling at the East Bay Property, a 50/50 joint venture with PLACER DOME (CLA) LTD, a subsidiary of PLACER DOME INC. (TSX:PDG - News). A $3 Million exploration program is currently underway with six drill rigs totalling approximately 19,000 meters. This drilling is designed to define and extend the known areas of mineralization, the "GAZ" Zones, encountered in the 2003 drill campaigns in order to generate an inferred resource. The 2003 program identified three parallel gold horizons with significant gold intercepts including the following:

    EB-03-03 - 12.00m grading            EB-03-04 - 11.00m grading 
 	                7.40g/t Au                           15.32g/t Au 
 	    EB-03-06 - 1.20m grading             EB-03-08 - 4.30m grading 
 	                13.78g/t Au                          22.64g/t Au 
 	    EB-03-10 - 6.90m grading             EB-03-13 - 2.35m grading 
 	                12.91g/t Au                          26.56g/t Au 
 	    EB-03-13 - 15.20m grading            EB-03-15 - 1.10m grading 
 	                5.55g/t Au                           29.52g/t Au

To-date, four drill rigs have drilled approximately 4000m from thirteen
holes. Drills No. 5 and No. 6 are currently being mobilized onto the ice.
Several holes have intersected zones of silicification and mineralization
similar in appearance to the above mentioned "GAZ" intercepts, including
intervals where visible gold has been detected. Assays and geologic
interpretation are in progress, results pending.

EAST BAY (WEST) PROPERTY - Red Lake
A drill program on the East Bay (West) Property, where Wolfden holds an
option to earn up to a 60% interest from Rubicon Minerals Corporation
(TSX-RMX), totalling approximately 4,500 meters, is targeting mafic/ultramafic
rock units similar to those being drilled at the adjoining East Bay Property.
One hole has been completed, that has intersected several mineralized,
fine grained moderately to strongly biotitic, quartz-calcite veined intervals.
In at least two of these intervals, minor visible gold has been noted.
Additionally, drilling is underway at the Argosy Gold Property, a
joint-venture with Cangold Limited (TSX-VEN:CLD) and a 17,500 meter drill
program is underway at the Monument Bay Property, a joint-venture partner Bema
Gold Corporation (TSX:BGO; AMEX:BGO; AIM:BAU).

WOLFDEN is a Canadian based mineral exploration and development company
with a diversified portfolio of advanced stage properties and several ongoing
exploration programs in Canada. Wolfden currently has a strong treasury with
over $35 Million in working capital, including strategic shareholdings in
several other companies and no debt.

The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual events
or results could differ materially from the Company's expectations and
projections.


http://www.newswire.ca/en/releases/orgDisplay.cgi?okey=36782

For further information

please contact Ewan Downie, President, Phone: [phone], Fax: [phone], e-mail: [e-mail], Web Site: www.wolfdenresources.com



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Source: Wolfden Resources Inc.