The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
WLV: TSX-V
President and CEO: Thomas A. Doyle
CFO and Secretary: Logan B. Anderson, ACA (New Zealand)
Vice President, Exploration: James M. Dawson, M.Sc., P.Eng.
Wolverine Minerals Corp. is engaged in the acquisition, exploration and potential development of mineral resource properties in the Yukon where the company hopes to capitalize on the northern territory's rapid emergence as a leading venue for mineral exploration in Canada.
In December Wolverine acquired an option for a 100 percent interest in 21 gold prospects in the Yukon owned by Strategic Metals Ltd., covering more than 325 square kilometers (125 square miles).
The properties, now called the Wolverine Gold Project, are prospective for acrogenic-style gold mineralization.
The company also agreed to purchase the 16-claim, 325-hectare (803 acres) Vivi property in the Simpson Range area of the Yukon's Watson Lake Mining District in January from the estate of prospector, J.P. Ross, and the 48-claim, 1,003-hectare (2,478 acres) Andy property in the Logan Mountains area of the district for the cost of staking.
In addition, Wolverine staked 658 claims covering about 13,754 hectares (33,986 acres) in the Dawson Range Project area, and 194 claims covering about 4,055 hectares (10,020 acres) in the Finlayson Lake Project area.
All told, Wolverine now controls some 525 square kilometers (203 square miles) of claims in the Yukon.
It also contracted Archer Cathro & Associates (1981) Ltd. to manage and conduct its exploration programs.
Wolverine had spent C$776,527 on exploring its properties by June 30 and reported plans to spend up to C$5.0 million on exploration in 2011.
In early August, Wolverine said initial-stage exploration on six Yukon properties was complete.
On Aug. 29, it reported initiating a trenching program to follow up on tracing a 745-meter mineralized zone where 13 reconnaissance samples assayed up to 6.29 grams per metric ton gold and 25.7 g/t silver.
The company also said it moved a small bulldozer/backhoe to the site and trenching is well under way.
Cash and short-term deposits: C$4.18 million (at June 30, 2011)
Working capital: C$5.98 million (at June 30, 2011)
Market capitalization: C$17.48 million (Sept. 9, 2011)
3023-595 Burrard St.
Vancouver, B.C., Canada V7X 1K8
Ph: 604-689-5722 Fax: 604-685-9182
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