Wolverine Exploration announces results of diamond drilling on its Cache River copper/gold property in Central Labrador
Monday, Nov 12, 2012
VANCOUVER, British Columbia, Nov. 9, 2012 /PRNewswire/ -- Wolverine Exploration Inc. ("Wolverine") (OTCQB:WOLV) announced today that the 2012 drilling program on the Cache River property (the "Property") has been completed. Wolverine completed two diamond drill holes of a planned four hole program. The holes were drilled from information gathered from an Induced Polarization Survey ("IP survey") that had been completed in late 2010. The two anomalies drilled at approximately 50 degree angles did not intersect sufficient amounts of mineralization to account for the magnitude of that picked up by the IP survey. There are very minor amounts of pyrite and the rock is slightly magnetic with only background radioactivity.
To date there has been insufficient diamond drilling done on the Property to explain all of the anomalies identified by the IP survey. Wolverine will continue to raise additional financing including identifying alternative financing such as joint ventures to continue exploration on the Property. Wolverine's objective will be securing the necessary financing to complete a more substantial drill program on the Property including drilling the second two holes at a steeper angle.
SOURCE Wolverine Exploration Inc.