Drill-Ready Nevada Gold Property Optioned In Walker Lane Trend

TORONTO - Wolfden Resources Corporation has executed an option agreement to earn up to a 75% interest in the Rockland Property in the Walker Lane Trend of Nevada. Located just south of south of Yerington, the 1,054 hectare property is underlain by a large, robust, low-sulphidation, quartz-adularia epithermal gold-silver system.

With drill permits in place, and obvious potential below previously drilled well mineralized targets, Wolfden is targeting a larger hydrothermal system.

Don Dudek, VP Exploration, said, “The Rockland East target in our opinion represents one of the most exciting drill ready exploration targets in the Walker Lane Trend as it consists of 1) Gold intercepts that returned to 1.0 g/t AuEq over 146.4 metres that ended in mineralization. 2) Historic bonanza-type Au-Ag mine is part of the property package. 3) Multi-square kilometre scale, argillic to advanced argillic, rhyolite and basin-margin-debris-hosted alteration zones that are cut by quartz veins enriched in antimony, arsenic and gold.  4) Geophysical data that suggests zones where hydrothermal fluids upwelled and subsequently ponded, creating wide, lower grade gold zones that are interpreted to flank high-grade bonanza-type gold grades at depth." "These are the typical characteristics exhibited by some of the high quality gold deposits in the Walker Lane Trend. As part of our due diligence four rock and core assay reject (non-oxidized) samples containing from 1.0 g/t Au to 10.4 g/t Au were subjected to a 24-hr bottle roll cyanide leach using Leachwell as a catalyst; resulted in gold recoveries ranging from 85% to 98% and suggest the potential for good conventional gold recoveries. We look forward to being in a position to commence a minimum 5,000 foot core drill program before the end of the year by taking advantage of the previously approved drill program permitting."