THUNDER BAY, ON, July 24, 2013 /CNW/ - Wolfden Resources Corporation (TSX-V: WLF) (the "Company") announces that a total of 1,601,250 options to purchase common shares
of the Company have been granted to directors, officers and consultants
at an exercise price of $0.25 per share, expiring on July 22, 2018. The
grant is subject to regulatory approval.
Wolfden Resources Corporation is a diversified junior mineral
exploration company holding a balance of early to advanced-staged
projects located in mining friendly jurisdictions in Canada. Its
priority project is the Armstrong Brook property, located 15 kilometres
northeast of the world-class Brunswick No. 12 Zn-Pb-Cu-Ag-Au massive
sulphide deposit, in the Bathurst Mining Camp of north-eastern New
Brunswick. Armstrong Brook comprises a number of high-grade
polymetallic volcanic-sediment-hosted massive sulphide prospects that
occur over a 20 square kilometre area. Wolfden is currently completing
detailed ground geophysical, geochemical and geological surveys on a
number of the prospects in preparation for diamond drilling,
anticipated for the fall of 2013.
This press release contains projections and forward-looking information
that involve various risks and uncertainties regarding future events.
Such forward-looking information includes statements based on current
expectations involving a number of risks and uncertainties and such
forward-looking statements are not guarantees of future performance of
the Company, and include, without limitation, statements that: (i) the
Company plans to undertake an exploration program commencing in the
spring of 2013 involving ground geophysics followed by anticipated
trenching and diamond drilling on the Armstrong property in the summer
of 2013; (ii) the Company expects there is a reasonable opportunity to
locate a bedrock source of the high-grade boulders with respect to the
Armstrong property. There are numerous risks and uncertainties that
could cause actual results and the Company's plans and objectives to
differ materially from those expressed in the forward-looking
information in this news release, including without limitation, the
following risks and uncertainties;(i) risks inherent in the mining
industry; (ii) regulatory and environmental risks; (iii) results of
exploration activities and development of mineral properties; (iv)
stock market volatility and capital market fluctuations; and (v)
general market and industry conditions. Actual results and future
events could differ materially from those anticipated in such
information. These forward-looking statements are based on estimates
and opinions of management on the date hereof and are expressly
qualified by this notice.
Neither the TSX Venture Exchange nor its regulation services (as that
term is defined in the policies of the TSX Venture Exchange) has
reviewed or accepts responsibility for the accuracy or adequacy of this
news release.
SOURCE: Wolfden Resources Corporation
Donald Hoy
President and CEO
Wolfden Resources Corporation
Tel: (807) 624-1131 Fax: (807) 624-1133
Email: dhoy@wolfdenresources.com
Website: www.wolfdenresources.com
Andreas Curkovic
Investor Relations
Proconsul Capital Ltd.
Tel: (416) 577-9927
Copyright CNW Group 2013