Wolverine Minerals Corp.

Wolverine Minerals Corp.

December 06, 2011 09:00 ET

Wolverine Summarizes Its 2011 Yukon Exploration Programs; A Number of High Quality Drill Targets Identified

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 6, 2011) - WOLVERINE MINERALS CORP. (TSX VENTURE:WLV)(FRANKFURT:4LP) ("Wolverine" or the "Company") is pleased to provide a summary of the 2011 exploration programs at its Yukon properties. Most of the properties are held by the Company under an option agreement from Strategic Metals Ltd.

During the 2011 field season, Wolverine worked on 25 Yukon properties: 15 in the Dawson Range and 10 in the Finlayson District. Prospecting and some geological mapping were completed on all properties. A total of 14,619 soil and sieve silt samples and 1927 rock samples were collected. Approximately 5380 linear metres of trenching were done with either a heli-portable CanDig, or full-size excavators. A total of 823 line kilometres of helicopter-borne magnetic and radiometric surveys were flown over two of the Dawson Range properties.

Dawson Range property highlights include:

  • Delineation of a high grade vein system (23.9 g/t gold over 3 m) at the Dade property (see release dated November 28, 2011);
  • Discovery of a new epithermal vein (1.67 g/t gold over 6.5 m) at the DDD North property;
  • CanDig trenching at Sked/Desk property exposed a 36 m wide zone of 1.173 g/t gold; and
  • Identification of prospective alteration and geochemical anomalies (424.6 ppb gold) at the BBB property.

Finlayson District property highlights include:

  • Discovery of a large, well constrained soil geochemical anomaly (1370 ppb gold) at the Vivi property (see release dated December 1, 2011); and
  • Significant expansion of a soil geochemical anomaly (2120 ppb gold) at the String property.

The vein structure at the DDD North property (778 hectares) has been exposed in six trenches over a strike length of 620 m and remains open to extension in both directions. Chip sampling across vein exposures returned a weighted average grade of 0.98 g/t gold over an average width of 4.4 m along this structure, with the best interval assaying 1.67 g/t gold over 6.5 m. A large, 2000 by 500 m area of untrenched, strongly anomalous arsenic (50 to 800 ppm) and antimony (10 to 153 ppm) soil geochemistry lies immediately west of the 2011 trenching area. The 2011 results are still being compiled and compared to 2010 geochemical data. Comprehensive interpretation is expected to define specific drilling and trenching targets for 2012.

At the Sked/Desk (850 hectare) property CanDig trenching returned moderate gold grades from chip samples collected along a 100 m strike length. Gold values from four different trenches include: 6 m of 1.05 g/t, 6 m of 1.795 g/t, 6 m of 1.31 g/t and 36 m of 1.173 g/t. Wide-spaced soil samples returned low values due to a thick blanket of volcanic ash and sand. Follow-up work on the property could include reverse-circulation percussion drilling or diamond drilling to test the epithermal model at depth.

The BBB (5200 hectare) property has been a challenging to explore due to frozen ground and thick colluvium. Geochemical sampling produced encouraging but spotty gold results, including a sieve silt sample that returned 424.6 ppb and a number of soil samples that yielded between 50 ppb and 378 ppb. Geophysical survey data from 2011 is still to be interpreted. If de-magnetized zones correspond to elevated soil geochemistry these areas will be priority targets for follow-up work which could include trenching or track-mounted percussion drilling.

The 2011 program at the String (2200 hectares) property delineated a 2700 by 370 m area with moderately to strongly anomalous gold values (20 to 2120 ppb) with coincident copper (background to 625 ppm), arsenic (background to greater than 1%), antimony (10 to 283 ppm) and zinc (200 to 3490 ppm). CanDig trenching on this property was ineffective because of deep, frozen overburden. Only small areas of bedrock were exposed by trenching, and sampling of these exposures did not explain the strong soil geochemical anomaly. A track-mounted percussion drill may be used in 2012 to collect deep soil and top of bedrock samples that could trace the metals to their source(s).

Results from a number of Wolverine's other properties are also encouraging, but sample densities are too low to properly assess anomalies. Additional surface work will need to be done before they can be fully evaluated.

Exploration on the Shamrock option yielded inconclusive results and therefore the Company has elected to terminate this agreement.

Tom Doyle, President and CEO of Wolverine Minerals comments, "This summer's exploration efforts have been extensive and successful. A wealth of quality drill targets has been generated and the Company is optimistic that additional discoveries will be made through follow-up work in 2012. Exploration in 2012 will primarily focus on the Dade, DDD, Vivi and String properties with minor exploration programs on a number of the other properties."

Most of the analytical work was done by ALS Chemex with sample preparation in Whitehorse, Yukon and assays and geochemical analyses in North Vancouver, British Columbia. All rock samples were initially analyzed for gold by fire assay followed by atomic absorption (Au-AA24) and 35 other elements using an aqua regia digestion followed by inductively coupled plasma and atomic emission spectrometry (ME-ICP41). Soil samples were dried, screened to -180 microns, and then analyzed for 35 elements using an aqua regia digestion followed by inductively coupled plasma and atomic emission spectrometry (ME-ICP41). An additional 30 g charge was further analyzed for gold by fire assay fusion with inductively coupled plasma and atomic emission spectrometry (Au-ICP21). Sieve silt samples were sent to Acme Labs in Whitehorse. A 100 g sample was screened to -80 mesh and then a 30 g split was analyzed using agua regia digestion for ultra-trace inductively coupled plasma- mass spectrometry.

The 2011 fieldwork was conducted by Archer, Cathro & Associates (1981) Limited under the supervision of Heather Smith, P.Geo., and the guidance of James M. Dawson, P.Eng., who are both qualified persons as defined by National Instrument 43-101. The technical data in this news release has been reviewed and approved by Ms. Smith and Mr. Dawson.


Thomas A. Doyle, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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