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United States
Pickett Mountain Project

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 Location:
15 km N from Patten, Maine, United States

  Project Contacts:
1100 Russell Street
Thunder Bay
Ontario, Canada
P7B 5N2
Phone  ...  Subscription required
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Overview

StagePreliminary Economic Assessment
Mine TypeUnderground
Commodities
  • Copper
  • Lead
  • Zinc
  • Silver
  • Gold
Mining Method
  • Alimak
  • Longhole stoping
  • Cemented backfill
  • Backfill
Processing
  • Flotation
Mine Life9.7 years (as of Jan 1, 2020)
Located in Penobscot County of northern Maine, U.S.A., the Pickett Mountain VMS deposit is one of the highest grade undeveloped polymetallic massive sulphide deposits in North America.
Latest NewsWolfden’s Pickett Mt. Delivers on Silver-Rich FWZ and a New Stringer Zone     February 22, 2021


Owners

Source: p. 166
CompanyInterestOwnership
Wolfden Resources Corp. 100 % Indirect
The proposed mine project is located on a 528.2-acre parcel within a 7,145-acre tract of privately owned land owned by Wolfden Mt. Chase LLC, a wholly owned subsidiary of Wolfden Resources Corporation.

Deposit Type

  • VMS
  • Hydrothermal


Summary:

Deposit Type
VMS deposits are the product of hydrothermal vents on the sea floor that form syngenetically with active volcanism and/or plutonism. They form at or just below the sea floor as a product of the discharge of high temperature, seawater-dominated hydrothermal fluid. There are six main elements typically present and are considered essential for the formation of VMS hydrothermal systems and their associated base metal deposits.

This deposit type is typically an accumulation of massive to semi-massive sulphides that are syngenetic, stratabound, and in part strataform. They usually consist of two parts: a concordant massive sulphide lens and an underlying discordant vein-type sulphide stringer or stock-work zone that is within a footwall alteration zone. In some cases, the stringer zone extends into the hangingwall as well, which appears to be the case at Picket Mountain. This continuation of the stringer zone into the hangingwall may indicate the continuation of the hydrothermal system and could represent additional exploration opportunities.

VMS deposits typically form in a diverse spectrum of volcanic-sedimentary environments that range from those dominated by flow, volcaniclastic, and or sedimentary rock types. Any of the three end members may be dominant, but what is characteristic for exploration purposes are the overall characteristics listed above.

Mineralisation
The mineral zone at Pickett Mountain is a volcanogenic massive sulphide deposit that strikes at approximately 057°. It has been traced by drilling approximately 900m along strike and to 750 vertical metres below surface. It consists of 4 primary lenses and several minor lenses that likely reflect the original formation of the mineralisation. It is stratabound and is hosted primarily by an intermediate to felsic lapilli tuff to volcanic breccia unit (Scully, 1988).

Primary minerals of economic interest are chalcopyrite, galena, and sphalerite intercalated with variable amounts of pyrite. Accessory minerals include tetrahedrite and minor arsenopyrite. There are two primary lenses of massive sulphide that have been discovered to date that have been subdivided into four lenses (W1, W2, E1, and E2). These vary from 0.5m to about 25m in horizontal width and with the highest base metal grades situated at or near the base of the massive sulphide lenses. The high-grade Cu-Pb-Zn sulphides are typically finely laminated and are overlain and in sharp contact with massive pyrite (Scully, 1988).

The high-grade sulphides typically include 45% to 60% pyrite, 15% sphalerite, 3% galena, and4% chalcopyrite. There are also minor amounts of tetrahedrite, tennantite, arsenopyrite, magnetite, and barite. Laminations are typically 2 mm to 5 cm in thickness and are compositionally defined (Scully, 1988).

The West Lens is the most prominent massive sulphide lens discovered to date having been traced by drilling over a 300m strike length and to a vertical depth of 825m. Notably, it also is the highest grade of all lenses based on current and historic drilling and the most intense footwall alteration. The West Lens, especially along its eastern edge, includes fold repetitions and structurally stacked mineralisation in the hanging wall (previously interpreted as W2 Lens). Re-logging, which is in progress, has been completed and lithogeochemical data are supporting the updated interpretation. It is also likely that additional holes will need to be drilled to finalise the updated interpretation. As well, the West Lens lies directly on either felsic volcanic in the upper part of the zone and sedimentary rocks, in the lower part of the zone. This suggests that, the massive sulphides were deposited, both on top of the felsic volcanic rocks and in local, likely structurally-controlled sub-basins, with local structures, likely controlling mineralising hydrothermal fluid flow.

The East Lens (E1 and E2 Lenses) can be traced over a strike-length of close to 550m and to a maximum vertical depth of about 550m below the surface with the bulk of the zone above 400m. The QFP unit occurring below the East Lens, may have modified the orientation of the lens resulting in a locally shallower dip and may have propagated a fault or dislocation between the East and West Lenses. In addition, the QFP and a massive feldspar quartz porphyry unit appears to partially truncate the East Lens at its eastern extremity, occurring as a felsic dome intruding the upper rhyolite. The continuation of the favourable stratigraphy hosting the West and East Lenses, beyond the eastern limits of this intrusive cut-off, is unknown.

The Footwall Zone (FWZ) occurs at the contact between the QFP and/or sediments and FWBX felsic units about 150m north of the trend of the West and East Lenses. First identified in the 2018 drill results, about 700m below the surface, it now appears that some of the historical drilling also intersected this zone. Notable intercepts from the 2018 and 2019 drill programs include 10.0% Zn, 5.0% Pb, 1.1% Cu, 396.9 g/t Ag, and 0.4 g/t Au (24.7% ZnEq) over 7.10m (PM-18-31) as well as 4.4% Zn, 2.2% Pb, 0.5% Cu, 62.7 g/t Ag, and 0.3 g/t Au (9.0% ZnEq) across 9.1m (PM-19-31a). The FWZ is generally narrow but can locally contain very high-grades. In a few drill holes, the FWZ consists of discrete zones of semi-massive to massive sulphide (as seen in PM-18-31 and PM-19-31A), while in others, it occurs as heavy disseminations, stringers, and bands of sulphide mineralisation. Stringer mineralisation along this time break, some 170m from the discovery hole, suggests potential for additional massive sulphide mineralisation between the discovery hole and the stringer zone. The FWZ is open both up and down plunge, and to the east, as depicted in the footwall longitudinal section. Further drilling to test extensions is warranted. This drill testing can be cost-effectively accomplished by extending a couple of the previous holes.


Mining Methods

  • Alimak
  • Longhole stoping
  • Cemented backfill
  • Backfill


Summary:

Two mining methods will be employed at Pickett Mountain. The West Zone is narrow and high-grade and will utilise an Alimak mining methodology. Alimak stopes will be 100m high in the upper part of the West Zone and increase to 125m high below the 5150 level. In the wider areas of the East Zone, below 5145 elevation, a longhole mining method will be employed utilising 6-inch blastholes with stoping at 50m vertical spacing. Both methods will employ a primary/secondary mining sequence.

Mining horizons would be developed on each main level (5350, 5250, 5150, 5025, 4900, 4775, 4650, and 4600 levels) Each Alimak vein stope would be 20m along strike with 1 drawpoint per stope in the centre, from the footwall drift.

An undercut over the full width and length, on the lower main level of the potentially economic mineralisation block, would be developed. An Alimak raise would be driven in the centre of a stope from the undercut to the level above the stope. The raise would be screened over its entire length to facilitate drillers working in the raise. Cable bolts would be installed into the hanging wall of the stope, from the Alimak platform in the raise, to support the hanging wall. The Alimak installation would be left in the raise and a longhole ring drill installed on the work platform of the Alimak. The longhole drill would drill 70 mm horizontal drill holes (approximately 8.5m in length) parallel to the footwall and hanging wall of the potentially economic mineralisation. Drill holes would be loaded with ANFO and Nonel detonators and blasted in horizontal slices into the undercut below. Access to stope raises to allow workers to perform drilling and blasting functions on the Alimak, would be from the level above the stope. Broken potentially economic mineralisation would be mucked from the undercut by LHDs and transported to truck loading stations. The final 10% of the stope will require mucking by remote controlled LHDs.

Stope undercut sills would be developed to full width of the zone to be mined by 3.5m high. The openings would be drilled with 2 boom E/H jumbos and mucked with 3.0m3 bucket LHDs. Ground support would consist of 1.5m resin rebar and screen.

Alimak drilling raises would be developed 3m × 2.4m using stopers and the walls of the raise supported by resin rebar and welded wire mesh screen.

Stope mucking would utilise 3.0 m3 bucket LHDs mucking in the drawpoints.

The stopes would be mined in a primary/secondary sequence. Primary stopes would be those where all stope walls are in rock. Secondary stopes are those where the stope walls along strike in the ore consist of backfill.

Mined out stopes would be backfilled with cemented (primary stopes) and uncemented (secondary stopes) rockfill.


Crushing and Grinding
Crusher / Mill TypeModelSizePowerQuantity
Jaw crusher 20" x 30" 100 HP 1
Cone crusher 3' 200 HP 1
Cone crusher 2.5' 100 HP 1
Ball mill 14' x 22' 1500 HP 1
Regrind 300 HP 3

Summary:

The ore will be processed in a three-stage crushing circuit followed by a ball mill to produce a ground product with a P80 of 37 micrometers. The slurry will be conditioned with chemicals and a rougher copper concentrate floated. The concentrate will be reground to P80 of 21 micrometers and cleaned several times to produce a marketable-grade copper concentrate.


Processing

  • Flotation

Flow Sheet: Subscription required

Summary:

The plant is designed to process 1,300 mtpd with an overall availability of 92%. The design criteria were developed using the locked-cycle flotation test No. 46.

The ground product is conditioned with M200 and A325 at natural pH and rougher copper concentrate floated. The rougher concentrate is reground to P80 of 21 microns and the concentrate is cleaned two to four times to produce a plus 25% Cu concentrate.

The rougher copper tailing and first-cleaner tailing are combined and sent to the lead flotation circuit. Lime, ZnSO4/NaCN are added to condition the potentially economic mineralised material to pH 9.5 and A325 collector is used to float lead minerals. The lead rougher concentrate is reground to P80 of 14 microns and subjected to two to four stages of cleaner flotation to produce marketable Pb concentrate.

The Pb rougher and first-cleaner tailings are combined and conditioned with lime and copper sulfate and zinc rougher concentrate floated using A ........


Operational Metrics:

Metrics
Daily ore mining rate  ......  Subscription required
Ore tonnes mined, LOM  ......  Subscription required
Daily processing capacity  ......  Subscription required
Tonnes processed, LOM  ......  Subscription required
Annual ore mining rate  ......  Subscription required
* According to 2020 study.
Subscription required - Subscription is required.

Reserves at September 14, 2020:
Mineral Resource Statement – Updated September 2020 with 7% ZnEq Cut-of

CategoryTonnage CommodityGrade
Indicated 2,177 kt Copper 1.32 %
Indicated 2,177 kt Lead 3.68 %
Indicated 2,177 kt Zinc 9.25 %
Indicated 2,177 kt Silver 96.4 g/t
Indicated 2,177 kt Gold 0.9 g/t
Indicated 2,177 kt Zinc Equivalent 18.23 %
Inferred 2,294 kt Copper 1.15 %
Inferred 2,294 kt Lead 3.88 %
Inferred 2,294 kt Zinc 9.79 %
Inferred 2,294 kt Silver 101.1 g/t
Inferred 2,294 kt Gold 0.9 g/t
Inferred 2,294 kt Zinc Equivalent 18.62 %

Commodity Production Costs:

CommodityUnitsAverage
Assumed price Lead USD  ......  Subscription required *
Assumed price Zinc USD  ......  Subscription required *
Assumed price Copper USD  ......  Subscription required *
Assumed price Silver USD  ......  Subscription required *
Assumed price Gold USD  ......  Subscription required *
* According to 2020 study / presentation.
Subscription required - Subscription is required.

Operating Costs:

Units2020
UG mining costs ($/t milled) USD 47.7 *
Processing costs ($/t milled) USD  ......  Subscription required
G&A ($/t milled) USD  ......  Subscription required
Total operating costs ($/t milled) USD  ......  Subscription required
* According to 2020 study.
Subscription required - Subscription is required.

2020 Study Costs and Valuation Metrics :

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscription required
Sustaining CapEx $M USD  ......  Subscription required
Closure costs $M USD  ......  Subscription required
Net revenue (LOM) $M USD  ......  Subscription required
Pre-tax Cash Flow (LOM) $M USD  ......  Subscription required
After-tax Cash Flow (LOM) $M USD  ......  Subscription required
Pre-tax NPV @ 5% $M USD  ......  Subscription required
Pre-tax NPV @ 8% $M USD  ......  Subscription required
After-tax NPV @ 5% $M USD  ......  Subscription required
After-tax NPV @ 8% $M USD  ......  Subscription required
Pre-tax IRR, %  ......  Subscription required
After-tax IRR, %  ......  Subscription required
Pre-tax payback period, years  ......  Subscription required
After-tax payback period, years  ......  Subscription required
Subscription required - Subscription is required.

Proposed Heavy Mobile Equipment as of September 14, 2020:
HME TypeSizeQuantity
ANFO Loader 2
....................... Subscription required 2
....................... Subscription required 2
....................... Subscription required 1
....................... Subscription required 2
....................... Subscription required 1
....................... Subscription required ....................... Subscription required 4
....................... Subscription required ....................... Subscription required 1
....................... Subscription required 2
....................... Subscription required 4
....................... Subscription required ....................... Subscription required 4
Subscription required - Subscription is required.

Mine Management:

Job TitleNamePhoneProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Sep 14, 2020
....................... Subscription required ....................... Subscription required ....................... Subscription required Subscription required Jan 27, 2021
Subscription required - Subscription is required.

Staff:

Total WorkforceYear
Subscription required 2020

Corporate Filings & Presentations:

DocumentYear
Corporate Presentation 2021
................................... Subscription required 2020
Subscription required - Subscription is required.

News:

NewsDate
Wolfden’s Pickett Mt. Delivers on Silver-Rich FWZ and a New Stringer Zone February 22, 2021
Wolfden Completes $2M Financing with its Strategic Partners January 27, 2021
Wolfden Arranges $2M Financing with its Strategic Partners Altius Minerals Corporation and Kinross Gold Corporation January 18, 2021
Wolfden Reports Encouraging Drill Results at Pickett Mt. Project in Maine November 5, 2020
Wolfden Files NI-43-101 Technical Report for the Pickett Mt. Project in Maine November 2, 2020
Wolfden Announces Pickett Mt. Drill Results with Multiple Intercepts October 1, 2020
Wolfden Announces Robust Preliminary Economic Assessment for Pickett Mt. Project in Maine September 14, 2020
Wolfden Announces Record High-Grade Intercept at Pickett Mt. in Maine 44.1% Zn-Equivalent over 3.1 metres September 8, 2020
Wolfden Second Drill Hole Into FWZ Discovery Yields High-Grade Results July 18, 2019
Wolfden Arranges $2.5M Strategic Partner Financing with Kinross Gold Corporation March 19, 2019

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