Wolfden Resources completes first hole at Rockland

Executive Summary

• Wolfden Resources completed the first 600‑m core hole (REP18) of its ~1,800‑m drill program at the Rockland Gold Project, intersecting a continuous 242 m interval of altered rhyolite comparable to historic mineralization.
• A second rig has been added to target the northeastern “Target Hill” dome (hole REP25A), expanding depth and orientation coverage beyond previous drilling that returned 300 m @ 0.12 g/t Au from surface.
• Assay results for the new holes are being prioritized; a decision on deeper follow‑up drilling will be made after results and completion of crossover hole REP22.

Key Details

• Program Scope: ~1,800 m total planned core length across multiple holes to test below historic mineralized intervals (e.g., 146.4 m @ 1.0 g/t AuEq in PG‑32; 85.4 m @ 1.0 g/t AuEq in PG‑36C).
• Hole REP18: Collared near historic hole PG‑32, steeper inclination; intersected 242 m (282–524 m depth) of intensely clay‑altered, flow‑banded rhyolite with fine‑grained sulphides, mirroring the mineralized zone in PG‑32.
• Geological Observation: Bottom 30 m of REP18 shows increased deformation and hairline fractures but no significant quartz veining or silica flooding.
• Next Steps – Hole REP22: Crossover hole opposite to REP18 to confirm true width/orientation of the 242‑m altered zone; subsequent decision on deeper drilling pending results.
• Additional Drill – Target Hill (Hole REP25A): New rig added; target is a highly altered rhyolite dome at the NE end of a 1.7 km structural corridor. Historical hole intersected 300 m @ 0.12 g/t Au from surface; REP25A will drill deeper and at a different angle.
• Assay Timeline: Samples from REP18 (and other new holes) have been prioritized at the lab; results expected in the coming weeks.
• Option Agreement: Wolfden holds an option to earn up to 75 % of the Rockland property per its Feb‑25‑2025 release.
• QA/QC Summary: Historical drill data (1995–2007) derived from validated databases; recent holes (30‑38C) executed with full QA/QC program (RC samples ~9 kg, 5‑ft intervals, standard pulps/marble blanks every ~10 samples, fire‑assayed by ALS Chemex).

Notable Quotes

• “We are pleased to see the extent of altered and mineralized rhyolite zone and look forward to seeing the assay results… The addition of the second rig will also allow us to speed up the program and add additional holes as warranted.” – Don Dudek, Senior Exploration Adviser, Wolfden Resources Corp.