Wolverine Exploration Announces DrillingWolverine Exploration Announces Commencement of Drilling at Cache River
09/14/2011 [ACCESSWIRE]
Vancouver-Wolverine Exploration Inc. ("Wolverine") is pleased to announce that mobilization of personnel and equipment and drilling by Ultralight Drilling Systems will commence next week. The current exploration program is designed to investigate the anomalous areas that were detected in an Induced Polarization survey conducted in late 2010. The IP survey covered two grids which were selected as a result of previous exploration on the Wolverine property which identified those areas as most favourable for sulphide mineralization and had produced the highest grades of Cu and Au in bedrock samples.
Three priority one chargeability anomalies are located on grid #1. The first hole is collared to investigate an area that lies adjacent to an airborne EM conductor that was detected from a 2007 AeroTEM survey and close to previous drill hole #4 that intersected 69 meters of disseminated sulphides in two zones. The indicated strike length of this combined EM-IP anomaly is 1.8 km and is present on 13 of 19 survey lines. A second target is located approximately 650 m north and extends I km and is present on 10 of 11 survey lines. A third target is located 150 m south and extends 1.5 km.
On grid #2, several chargeability anomalies with high associated resistivity will be drilled
in an attempt to identify the source. These are located in an area that has several exposures of Cu bearing malachite in bedrock.
Wolverine is very excited and encouraged about the 2011 drilling program on its Cache River property as result of the 2010 IP Survey, prospecting programs which previously identified surface samples in bedrock grades ranging from 1.38% Cu to 6.4% Cu and 0.5g/t Au and this year's prospecting which marked the drill locations.
On behalf of the Board
Lee Costerd
President
For further information please contact:
Ronald Jones (778) 297-4409
mailto:investor@wolverineexplorationinc.com
https://www.wolverineexplorationinc.com/
Or
The Foothills Group
San Jose, CA
1-888-516-7415 (toll free)
mailto:info@foothillsgroup.com
https://www.foothillsgroup.com/
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the results of the drilling program
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.