Wolfden Resources (TSXV: WLF) has announced a mineral resource estimate for its Nickel Island deposit, 280 km southeast of the city of Thompson in east-central Manitoba.
The project has inferred resources of 8.47 million tonnes grading 0.82% nickel and 0.08% copper (0.86% nickel-equivalent) for 72,800 tonnes of nickel-equivalent metal.
“The geological setting appears to be strongly indicative for the potential extension of the deposit and the discovery of additional mineralization with high nickel tenor and PGE’s [platinum group elements] on the property and surrounding area,” Ron Little, the company’s CEO, said in a press release.
The deposit can be traced for 900 metres along strike and to 400 metres depth and appears open in all directions, Wolfden says.
This is the third resource estimate Wolfden has completed in as many months.