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First Alert Special Report Major Copper Anomaly Intersected New Discovery in a once remote area ONLY $14,794,500 Market Cap as of August 10, 2010 5 Copper Outcroppings Located Diamond Drilling Continues WOLV Could Be Our Biggest Gainer For The Year DRILL TIME! DRILL DRILL DRILL
The
Proof of Minerals will take care of the PPS Previous Negotiations w/Vale (2bil worth)
This is
a Whole New area, in a Hot Spot of Mineral Exploration and Mining. Wolv will bring quite "The Buzz" Many Know the Importance of Drilling DD proves up the Company
Drilling Buy Out, JV or maybe China
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Today's Major WOLV News |
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Wolverine Exploration Intersects Significant Mineralization at Cache Creek |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire
- 09/08/10) - Wolverine Exploration Inc. (OTC.BB:WOLV - News)
("Wolverine") is pleased to announce an update on the ongoing
diamond drill program on its 90% owned Cache River Property
located in Central Labrador. Three drill holes intersected
significant sulphide mineralization containing visible
chalcopyrite. A total of six holes were drilled to test various surface showing that had been expanded by a recent trenching program. All holes were drilled at a -45 degree dip to cross the steeply dipping geology and provide as much information as possible. Hole DDC-01-10 was drilled to test for a down-dip continuation of a previously sampled rock cut. Mineralization was intersected over an interval of 16.8 meters from 75.5 to 92.3 meters, containing pyrrhotite, pyrite and chalcopyrite. Sulphide was present as disseminations, blebs and stringers. The intersection was much deeper than where the surface showing had indicated, suggesting this is a new mineralized zone. Hole DDC-02-10 was drilled to test a surface gossan and intersected 1.8 meters of disseminated sulphide from 28.1 to 29.9 meters within an altered gneiss. Hole DDC-03-10 was abandoned. Hole DDC-04-10, was collared approximately 40 meters northeast of DDC-01-10 to test for a continuation of mineralization intersected in that drillhole and intersected two significant zones of sulphide mineralization with visible chalcopyrite. The upper zone was intersected over a distance of 27.5 meters starting at 4.5 meters and the lower zone was intersected over a distance of 35.2 meters starting at 71.0 meters. Holes DDC-05-10 and DDC-06-10 were drilled elsewhere on the property to test for a down-dip continuation of previously exposed mineralized gossans. There were no visible sulphides in either drillhole but a 3.0 meter section of DDC-06-10 was sampled in a sheared zone proximal to the down-dip extension of surface mineralization. The mineralized sections have been sampled and sent for analysis. The results will be released as soon as available. Wolverine President Lee Costerd commented, "We are very encouraged by these initial results and in particular by the 62 meters of mineralization encountered in DDC-04-10 and the 16.8 meters in DDC-01-10 and the likelihood that these zones are connected. The mineralization remains open in all directions. The next step will be to conduct an induced polarization (IP) survey to outline the areas of highest disseminated concentration and to help resolve the strike and dip directions of these intersections. Wolverine is organizing the IP survey and will prepare for a fall drill program to test the best IP targets." Ed Montague, a qualified person as defined in NI 43-101, prepared the scientific and technical information disclosed in this news release. On behalf of the Board Lee Costerd, President News Source & Company Disclaimer: http://finance.yahoo.com/q?s=WOLV.OB Contacts: Wolverine Exploration Inc. Ronald Jones (778) 297-4409 investor@wolverineexplorationinc.com www.wolverineexplorationinc.com News Source & Company Disclaimer: http://finance.yahoo.com/q?s=WOLV.OB |
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OTCBB: WOLV
Readers,
I recommend you do serious research into this company very shortly. In my
opinion this stock could make a major move upward very soon when drilling is
announced. The target is an area the size of 30 NFL football fields and is
showing evidence of high grade copper throughout the surface, the drilling
will prove up the depth of this anomaly and every indication is that this
could become a major find in
Eastern Canada. The company is 10% owned by a council member of the Innu tribe
and a member of the same family that negotiated the $2
Billion Voisey’s Bay smelter owned by Vale Inco. The geologist is also a mine
analyzer and geologist for the Newfoundland Government.
These are exciting times for this company, it has received all of its
operating capital by a closed private placement and is currently about
to drill the targets with one of the best world renowned drilling companies
spearheading the mobilization and drill locations. Please
keep in mind this is a Canadian Mining Company with contacts in the Canadian
Mining Sector in Canada. When drilling results start to leak
out, possible before assays completed, this stock could get serious Canadian
mining attention. This is about to develop into a serious
play in my opinion. If they have what they believe they have a senior mining
company could possible acquire this company within the next 6
to 12 months.
Harold
| PREVIOUS Activation Laboratories (ActLab) based in Ancaster, ON, carried out mineral analysis of the Wolverine samples Assay Results: Indicate that there are Significant Copper Values in three Samples. WCR-01-09 (4.01%) WCR-03-09 (1.75%) WCR-04-09 (1.11%) with grab samples as high as 6% Cu It appears that all of mentioned elements are associated with the copper-bearing malachite that intrudes both the regional gneisses and the younger pegmatite dikes. Malachite is sometimes associated with near surface copper deposits and it appears here, that the copper bearing solutions that permeated up through fractures or weak areas of the gneisses contained percentages of the other potentially economic minerals. Samples also included 2 samples of uranium content. Radiometric Data Shows Numerous Uranium Anomalies and some potassium responses that correspond with the EM trends (suggesting geological contacts). There is a significant east-west trending radioactive anomaly that is in excess of two kilometers in length in the southern portion of the licenses. This has yet to be explored. Scientillometer Reading Exceeds 1200 cps in some of the rock cuts along the highway which is moderately high. It should be noted that Aurora Energy's giant Michelin deposit in Labrador's Central Mineral Belt has an average grade of only 0.09% U3O8. Elevated Values: Gold & Zinc Rare Earth Elements Associated With Recent Samples: minor silver, cobalt and chromium 51 square miles of claims is a lot of area to explore, as an added bonus this company is located on the only East-West road through Labrador maintained by the Government year round and is 75 miles west of the Voisey Bay Deep water port and smelter. The market cap of this company proves it is highly undervalued and still unknown to retail investors. There is rumored to be a group of professional mine developers closely watching this company and any results that prove potential for a possible open pit mine of 1% Copper (Cu) or better will cause a major buying frenzy that cannot be ignored. |
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Wolverine Exploration Announces Extension of the Main Cu Zone and Identification of Trenching and Drilling Locations |
| Press Release Source: Wolverine Exploration Inc. On
Wednesday July 7, 2010, 9:00 am EDT VANCOUVER, BRITISH COLUMBIA--(Marketwire - 07/07/10) - Wolverine Exploration Inc. ("Wolverine") (OTCQB: WOLV) is pleased to announce 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 (820 ft) from the sample site indicating a possible continuation of the zone to the north. This is scheduled for the diamond drill as the marshy area is considered unfit for trenching. 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 (copper oxide) 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. Please refer to the link below to the photo gallery page of Wolverine's website for photos of the recently completed prospecting program. http://www.wolverineexplorationinc.com/index.cfm?page=photogallery 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. Wolverine will also be engaging a second experienced geologist to assist in the detailed geological mapping and channel sampling of the trenches. Channel sampling consists of cutting a continuous "v" notch incision across the strike of the zone and sampling in meter long sections in order to get a more accurate representation of the mineralization. Wolverine is also pleased to announce that provincial government approval for the continuing exploration, including trenching and drilling, has been received. In summary, detailed prospecting and sampling will be on going on all areas of the property while the trenching and diamond drilling work is in progress. Five, 30 meter trenches and five, 100 meter drill holes have already been identified in the field to further explore the mineralized zones described above. Ed Montague a qualified person as defined in NI 43-101 prepared the scientific and technical information disclosed in this news release. On behalf of the Board Lee Costerd, President Press Release Source and Company Disclaimer http://finance.yahoo.com/news/Wolverine-Exploration-iw-97319561.html?x=0&.v=1 |
 Copper Uranium and Gold |
| Phase Four Excavating and Trenching Program Over
Report Above 98,630,000 shares issued and outstanding (Source: Recent Q) August 10, 2010 76,688,333 float confirmed as of August 10, 2010 $14,794,500 Market Cap as of August 10, 2010 Lee Costerd, Sole Dir., President, CEO, CFO Wolverine Exploration, Inc.
On 03/03/10 Wolverine Exploration Inc. announced it carried out geological reconnaissance along with prospecting and sampling on three of its six Labrador licenses. Some, but not all of the known mineralized zones were sampled as this was more of a reconnaissance exercise until a more systematic program is put in place. In addition, to the usual base metal sampling, scintillometer surveys
were done on the exposed rock cuts along the highway and selected areas
of the southern portions of the three licenses. Assay Results: Indicate that there are Significant Copper Values in three Samples.
Samples also included 2) uranium content. Radiometric Data Shows Numerous Uranium Anomalies and some potassium responses that correspond with the EM trends (suggesting geological contacts). There is a significant east-west trending radioactive anomaly that is in excess of two kilometers in length in the southern portion of the licenses. This has yet to be explored. Scientillometer Reading Exceeds 1200 cps in some of the rock cuts along the highway which is moderately high. It should be noted that Aurora Energy's giant Michelin deposit in Labrador's Central Mineral Belt has an average grade of only 0.09% U3O8. It appears that all of mentioned elements are associated with the copper-bearing malachite that intrudes both the regional gneisses and the younger pegmatite dikes. Malachite is sometimes associated with near surface copper deposits and it appears here, that the copper bearing solutions that permeated up through fractures or weak areas of the gneisses contained percentages of the other potentially economic minerals. Elevated Values: Gold & Zinc Rare Earth Elements Associated With Recent Samples: minor silver, cobalt and chromium 51 square miles of claims is a lot of area to explore, and with the new trans Labrador highway right through the middle of the property it makes for easier development costs if and when a mineable deposit is verified. |
| News and SEC Filings http://finance.yahoo.com/q?s=WOLV.OB | ||||||
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Phase Four – This phase of our company’s exploration
program will consist of prospecting and sampling and excavating and
trenching (outlined below) at a total estimated cost of approximately
$164,000 (Cdn $166,000). The prospecting and sampling program portion of
phase four was completed in the fall of 2009. The excavating and trenching portion of phase four is estimated at $116,000 Cdn. An assessment report on the fall 2009 program was completed and filed with the Department of Natural Resources of the Province of Newfoundland and Labrador. For further research ~ http://www.wolverineexplorationinc.com |
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LABRADOR MINERAL EXPLORATION PROJECT The Labrador Claims total 412 mineral claims and cover an area of approximately 10,300 hectares in central Labrador and contain a series of significant copper-gold showings. These sub-crops were discovered during construction of the Trans-Labrador Highway (TLH). Assay values of copper and gold in sulphide range from 1.38% up to 6.4% Cu and up to 0.5 g/t Au. |
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| Claims, Excavating and Trenching Program located in close proximity to the Trans Labrador Highway (Route 500) near Cache River, 110 to 140 kilometers west of Goose Bay. |
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Must Visit Photo Gallery http://www.wolverineexplorationinc.com/index.cfm?page=photogallery |
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| Significant copper-gold showing along the TLH (RS-04-02) running 2.17% Cu and 556 ppb Au. | Close-up view of copper-gold showing returning 2.17% Cu and 556 ppb Au. |
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| The Labrador Claims extend for a distance of approximately 20 km along the Trans-Labrador Highway and include four significant copper-gold showings as indicated by red circles. | The Phase Three exploration program, pictures above, completed in 2008 consisted of a ground review completed by members of the Innu Development Limited Partnership ("IDLP"). |
For further research ~ http://www.wolverineexplorationinc.com
Possible Questions:
"1. Do we have enough funds to cover phase four, or will we need a capital
raise in order to continue?
There is a capital raise going on right now and the last time I talked to
the company they were close to finalizing it
2. In regards to the grab samples and mineral content. At what level is it
economical to fully develop a find both for copper and gold?
The grab samples revealed a 4% to 6% Cu (copper) in the surface samples,
ordinarily an open pit mine can operate on 1% Cu in the rock
3. In your estimation, would a significant REE or uranium find be a complete
game changer or is the copper and gold the main focus?
Right now the company is focused on the 460 x 360 meter area of ground
that shows the most promise, which is a copper anomaly. Once that has
been verified then they can move in the direction of highest return that the
rock samples from the other parts of the claim produce."
By T.B.
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