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An announcement from Wolfden Resources ( (TSE:WLF) ) is now available.
Wolfden Resources Corporation has announced a positive update on its Rockland Project in Nevada, where it can earn up to a 75% interest. The company plans to begin an 1,800-meter drill program in July 2025 to explore for high-grade gold mineralization. This initiative is supported by recent funding from a land sale in Maine. The project is strategically positioned in the Walker Lane Trend, a region known for significant gold deposits, and is considered a fundamental acquisition for Wolfden. The earn-in agreement with Evergold Corp. involves exploration expenditures and cash payments, with potential for Wolfden to increase its stake to 75% through further investment.
More about Wolfden Resources
Wolfden Resources Corporation is a company involved in the mining industry, focusing on exploration and development of mineral properties. The company is engaged in the exploration of gold and other mineral resources, with a particular focus on projects located in North America.
YTD Price Performance: -12.73%
Average Trading Volume: 135,881
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$7.91M
Find detailed analytics on WLF stock on TipRanks’ Stock Analysis page.