Wolverine Exploration Inc.
OTC Bulletin Board : WOLV

Wolverine Exploration Inc.

July 07, 2010 09:01 ET

Wolverine Exploration Announces Extension of the Main Cu Zone and Identification of Trenching and Drilling Locations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2010) - Wolverine Exploration Inc. ("Wolverine") (OTCQB:WOLV)(PINK SHEETS: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.


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

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 2010 exploration 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.

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