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Wolverine Exploration Inc.
Symbol: WOLV
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First Alert Special Report
Possible Major Copper Anomaly Discovered
5 Copper Outcroppings Located
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OTCBB: WOLV
| Phase Four Excavating and Trenching Program Should Start Any Week
76,730,000 shares issued and outstanding (Source: Recent Q)
30,000,000 float confirmed as of January 22, 2010
$4,323,690 Market Cap as of May 14, 2010
Lee Costerd, Sole Dir., President, CEO, CFO
Wolverine Exploration, Inc.
4055 McLean Road
Quesnel, BC V2J 6V5
Canada
Phone: 250-992-6972
| The airborne survey has identified 8 conductive targets that warrant ground follow-up.
Targets From the Preliminary Geo-physics
5 Copper Outcroppings <<<<<<<<<<<<<<<<<
2 Uranium Trends <<<<<<<<<<<<<<<
1 REE (rare eath elements) <<<<<<<<<<<<<<<<
The most interesting response occurs along four 100 metre flight lines showing an east-west strike that occurs approximately 200 m north of the CR-11 (1.69% Cu) and CR-13 (2.17% Cu and 556 ppb Au) mineralized showings.
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On 03/03/10 Wolverine Exploration Inc. announced it carried out geological reconnaissance along with prospecting and sampling on three of its six Labrador licenses.
Some, but not all of the known mineralized zones were sampled as this was more of a reconnaissance exercise until a more systematic program is put in place.
In addition, to the usual base metal sampling, scintillometer surveys were done on the exposed rock cuts along the highway and selected areas of the southern portions of the three licenses.
Activation Laboratories (ActLab) based in Ancaster, ON, carried out mineral analysis of the Wolverine samples
Assay Results: Indicate that there are Significant Copper Values in three Samples.
| WCR-01-09 (4.01%) |
WCR-03-09 (1.75%) |
WCR-04-09 (1.11%) |
Samples also included 2) uranium content.
Radiometric Data Shows Numerous Uranium Anomalies and some potassium responses that correspond with the EM trends (suggesting geological contacts). There is a significant east-west trending radioactive anomaly that is in excess of two kilometers in length in the southern portion of the licenses. This has yet to be explored.
Scientillometer Reading Exceeds 1200 cps in some of the rock cuts along the highway which is moderately high.
It should be noted that Aurora Energy's giant Michelin deposit in Labrador's Central Mineral Belt has an average grade of only 0.09% U3O8.
It appears that all of mentioned elements are associated with the copper-bearing malachite that intrudes both the regional gneisses and the younger pegmatite dikes. Malachite is sometimes associated with near surface copper deposits and it appears here, that the copper bearing solutions that permeated up through fractures or weak areas of the gneisses contained percentages of the other potentially economic minerals.
Elevated Values: Gold & Zinc
Rare Earth Elements
Associated With Recent Samples: minor silver, cobalt and chromium
51 square miles of claims is a lot of area to explore, and with the new trans Labrador highway right through the middle of the property it makes for easier development costs if and when a mineable deposit is verified.
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| News and SEC Filings http://finance.yahoo.com/q?s=WOLV.OB |
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About To Start: Phase Four – This phase of our company’s exploration program will consist of prospecting and sampling and excavating and trenching (outlined below) at a total estimated cost of approximately $164,000 (Cdn $166,000). The prospecting and sampling program portion of phase four was completed in the fall of 2009.
The excavating and trenching portion of phase four is estimated at $116,000 Cdn. An assessment report on the fall 2009 program was completed and filed with the Department of Natural Resources of the Province of Newfoundland and Labrador.
For further research ~ http://www.wolverineexplorationinc.com
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Airborne Magnetic Overview
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LABRADOR MINERAL EXPLORATION PROJECT
The Labrador Claims total 412 mineral claims and cover an area of approximately 10,300 hectares in central Labrador and contain a series of significant copper-gold showings. These sub-crops were discovered during construction of the Trans-Labrador Highway (TLH). Assay values of copper and gold in sulphide range from 1.38% up to 6.4% Cu and up to 0.5 g/t Au.
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| Claims, Excavating and Trenching Program located in close proximity to the Trans Labrador Highway (Route 500) near Cache River, 110 to 140 kilometers west of Goose Bay. |
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| Significant copper-gold showing along the TLH (RS-04-02) running 2.17% Cu and 556 ppb Au. |
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Close-up view of copper-gold showing returning 2.17% Cu and 556 ppb Au. |
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| The Labrador Claims extend for a distance of approximately 20 km along the Trans-Labrador Highway and include four significant copper-gold showings as indicated by red circles. |
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The Phase Three exploration program, pictures above, completed in 2008 consisted of a ground review completed by members of the Innu Development Limited Partnership ("IDLP"). |
For further research ~ http://www.wolverineexplorationinc.com
Possible Questions:
"1. Do we have enough funds to cover phase four, or will we need a capital raise in order to continue?
There is a capital raise going on right now and the last time I talked to the company they were close to finalizing it
2. In regards to the grab samples and mineral content. At what level is it economical to fully develop a find both for copper and gold?
The grab samples revealed a 4% to 6% Cu (copper) in the surface samples, ordinarily an open pit mine can operate on 1% Cu in the rock
3. In your estimation, would a significant REE or uranium find be a complete game changer or is the copper and gold the main focus?
Right now the company is focused on the 460 x 360 meter area of ground that shows the most promise, which is a copper anomaly. Once that has been verified then they can move in the direction of highest return that the rock samples from the other parts of the claim produce."
By T.B.
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The Publisher has not been compensated for services to publicly and electronically disseminate information pertaining to WOLV. The Publisher does own a position in WOLV, purchased from the market. Shares will be traded without notice.
Section 17 of the Securities Act of 1933, which covers Fraudulent Interstate Transactions, and specifically 17-(b) which reads as follows:
"Use of interstate commerce for purpose of offering for sale. It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purposing to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof".
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