Wolverine Minerals Corp. ("Wolverine" or the "Company") (TSX-V: WLV) is pleased to announce that it has commenced an exploration program on the Los Venados property in Sonora State, Mexico. The Los Venados property is immediately adjacent to the producing Mulatos (Alamos Gold Inc.) and La India gold mines (Agnico Eagle Mines Limited).
The focus of the current field program is to follow up on felsic dome/ silica breccia complex that was identified last season. The area of felsic domes and silicified breccia is believed to be the primary target due to the intensity of alteration and brecciation and strongly anomalous gold in surface sampling. The field program currently underway will consist of geochemical rock and soil sampling, geological field mapping, and a 7.4 line-kilometer Induced Polarization ("IP") geophysical survey. The IP survey will include 2 east-west lines between the existing IP data and the Mulatos mine boundary to the south (2,100 meters each) and one north-south line targeting the center of the felsic dome which has been identified. The primary objective of this field program is to further define drill targets with the anticipation of drilling in the first quarter of 2018.
Previous field work on the property consisted of reconnaissance geological mapping, geochemical rock and soil sampling and completion of a 8.6 line-kilometer IP geophysical survey. A total of 229 soil samples have been collected. Work to date indicates that the property covers a possible high-sulphidation epithermal mineralization system similar in nature to that on the adjacent Mulatos and La India Mine projects.
Wolverine has an option to earn 100% of the Los Venados property.Los Venados lies within the developing Mulatos gold mining district in which Alamos Gold Inc. ("Alamos") and Agnico Eagle Mines Limited ("Agnico") operate the Mulatos and La India gold mines. The approximately 1,500 hectare Los Venados property adjoins Alamos' claims to the south, south east and Agnico's claims to the west and covers an area with very similar high sulphidation epithermal alteration. The property has a signed surface access agreements (Ejidos) and has received full SEMARNAT (Ministry of Environment and Natural Resources) approval for 12 drill pad locations.
WOLVERINE MINERALS CORP.
Per: "Thomas A. Doyle"
Thomas A. Doyle
President & CEO
For further information, please contact:
Thomas A. Doyle
Phone: (604) 689- 5722
Email: [email protected]
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