Wolfden Resources Enters Agreement to Earn Majority Stake in Nevada’s Rockland Property
Wolfden Resources Corporation has announced an option agreement to earn up to a 75% interest in the Rockland Property, located in the Walker Lane Trend of Nevada, USA. The 1,054-hectare property is located just south of Yerington and hosts a large, low-sulphidation, quartz-adularia epithermal gold-silver system. This system shares characteristics with nearby high-grade deposits such as the Aurora (Hecla Mining) and Bodie vein deposits. With drill permits already secured, Wolfden plans to target a larger hydrothermal system similar to the Silicon discovery made by AngloGold in the Bullfrog District further southeast along the same trend.
Wolfden's Vice President of Exploration, Don Dudek, emphasized the potential of the Rockland East target, describing it as one of the most promising drill-ready exploration targets in the Walker Lane Trend. The property features historic bonanza-type gold and silver mines, large alteration zones, and geophysical data indicating areas where hydrothermal fluids upwelled, suggesting the presence of both low-grade and high-grade gold zones at depth. Recent assays from non-oxidized rock samples at the property returned gold recoveries ranging from 85% to 98%, indicating the potential for favorable conventional gold recoveries.
The terms of the agreement with Evergold Corp (EVER.V) require Wolfden to spend \$1.175 million in exploration expenditures, including a minimum of 5,000 feet (1,500 m) of drilling, and make cash payments of up to \$600,000 over three years to earn a 51% interest in the property by March 2028. Wolfden can increase its stake to 75% by completing a Pre-feasibility Study within five to eight years and has the first right of refusal on the remaining interest and associated royalties.
Wolfden is preparing for a 5,000-foot core drill program by year-end, targeting areas with historic gold intercepts and CSAMT anomalies indicating mineralized structures at depth. The program will focus on down-dip extensions of previous drill holes and untested geophysical anomalies, with the goal of discovering both high-grade bonanza-style deposits and broader zones of lower-grade mineralization. The Rockland target area compares favorably with AngloGold Ashanti's Silicon-Merlin deposit area, with similar geological settings and potential for significant mineral discoveries.
