Wolfden talks partial Rockland drill results

Executive Summary

• Wolfden Resources Corp. announced positive preliminary drill results from three holes (REP18, REP22, REP25) at its Rockland Gold Project in Nevada, designed to test below historical mineralization and define the geometry of the deposit.
• Hole REP22 intersected a significant 100.0-meter interval of mineralization between 250.0 and 350.0 meters downhole, suggesting the mineralized zone dips steeply to the east beyond historical hole PG-32.
• The company has invested sufficient capital to earn a 51% interest in the project, with only $500,000 remaining in option payments to Evergold Corp. to earn a 100% interest.

Key Details

• Hole REP22 (Scissor Hole):
  • Intersected a mineralized interval of 100.0 meters between 250.0 and 350.0 meters downhole.
  • Preliminary average gold grade is similar to historical hole PG-32 (specifically the 292.5 to 348.5 meter interval).
  • Results suggest the mineralized zone dips steeply to the east.
• Hole REP18:
  • Drilled below and parallel to historical hole PG-32.
  • Intersected mineralization with a lower tenor than PG-32, consistent with the apparent orientation of the zone relative to the drill hole.
  • Hosts altered flow-banded rhyolite with similar alteration intensities and fine-grained sulphides to historical holes.
• Hole REP25 (Stepout Hole):
  • 300-meter stepout hole drilled to a depth of 572 meters beneath Target Hill.
  • Located near a 1.7-kilometer-long structural corridor of altered rhyolite.
  • Target Hill historically returned a 315.5-meter zone of alteration and mineralization grading 0.1 g/t AuEq (hole PG-30).
  • Preliminary results indicate some intervals carry higher gold grades than PG-30.
  • No high-grade feeder was intersected, but results guide future exploration, including potential scissor holes for steeply westerly dipping structures.
• Assay Status:
  • Results are preliminary and incomplete; silver and multielement analyses are pending.
  • Samples above 5.0 g/t Au threshold are being reassayed.
  • Some samples require reassay for QA/QC protocol compliance.
  • Detailed tabulated results will be provided once final assays and geochemical data are complete.
• Project Status & Option Terms:
  • Wolfden has optioned the Rockland project and can earn up to a 75% interest.
  • Wolfden believes it has earned a 51% interest to date.
  • Only $500,000 (U.S.) in option payments remain to be paid to partner Evergold Corp. to earn a 100% interest.
• Historical Context:
  • Historical holes PG-32 and PG-36C ended in mineralization, including 146.4 meters at 1.0 g/t gold equivalent (PG-32) and 85.4 meters at 1.0 g/t AuEq (PG-36C).

Notable Quotes

• "We are pleased that holes REP18 and 22 better defined the orientation of the mineralized zone... The drilling, particularly the intercept in REP22, strongly suggests that the mineralized zone dips steeply to the east, beyond the end of hole PG-32... As a result, further drilling is warranted to test for the continuation of the zone down dip to the east and to evaluate the potential for higher-grade feeder zone to this large-disseminated gold system." — Ron Little, Chief Executive Officer