Wolverine Exploration Inc. Announces Fall Drill Program on Cache River Copper/Gold Property in Central Labrador
VANCOUVER, British Columbia, Sept. 10, 2012 /PRNewswire/ -- Wolverine Exploration Inc. ("Wolverine") (OTCBB: WOLV) is pleased to announce its fall drill program with Innu-Cartwright Drilling Company from Goose Bay Labrador.
Innu-Cartwright is a well-known local drill rig operator and this full size core drill rig will have the ability to extend the full depth of the magnetic anomaly as discovered by the Ground Induced Polarization survey by Abitibi Geophysics. Exact start date of the program is contingent upon completion of funding.
There remains seven anomalous areas to be investigated, most of those are 20 km (12.4 miles) west from the 2011 drilling and are centered in the area of all the surface malachite showings which were previously discovered by Wolverine that produced surface copper samples ranging from 2.4%Cu to 6.4%Cu.
There are four priority one and priority two anomalous targets outlined by Abitibi Geophysics that Wolverine plans to drill in September and October of this year. These anomalies are the only indication that may lead to a possible cause of the malachite in the area and Wolverine is excited about the prospects.
Lee Costerd Wolverine CEO stated: "We are extremely pleased to have such an outstanding crew this year, Ed Montague, senior geologist for Wolverine Exploration, will oversee the program. Mr. Montague was the former government geologist in charge of mineral analysis for all of Labrador on behalf of the Department of Natural Resources. Innu-Cartwright Drilling has first-hand knowledge of the region and is well respected, and the program will also be aided by Luke Rich. We look forward to bringing this large anomalous area to light."
For more information on the geophysics of this property please visit www.wolverineexplorationinc.com.
On behalf of the Board
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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 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.
SOURCE Wolverine Exploration Inc.