Wolfden Resources has been awarded a 230 thousand dollar grant from the Manitoba Mineral Development Fund to support a 23 hundred meter diamond drill program. The focus of the drill program is to expand the mineral resources of the Rice Island nickel, copper, cobalt deposit with step out drill holes and to explore for similar mineralization within the Project area. The deposit is located near the Town of Snow Lake.
Manitoba Chambers President and Chair of the Manitoba Mineral Development fund says the project is consistent with the Fund’s priority and objective to jump start mineral exploration initiatives in Manitoba that could capitalize on existing mineral assets and infrastructure in an effort to strengthen and diversify economic opportunities especially in the northern part of the province.
Wolfden President Ron Little says it demonstrates the importance of the mineral extraction industry in creating jobs and other associated economic benefits for the community of Snow Lake and the surrounding area adding Wolfden will more than match the funds of the grant in the coming drill program.