Wolverine Purchases the Vivi Property
12 Januar 2011 - 4:00PM
Marketwired
WOLVERINE MINERALS CORP. (TSX VENTURE: WLV)(FRANKFURT: 4LP)
("Wolverine" or the "Company") is pleased to announce that it has
purchased the Vivi property, Simpson Range area, Watson Lake Mining
Division, Yukon from the estate of prospector, J.P. Ross (the
"Vendor").
The Vivi property consists of 16 claims aggregating
approximately 335 hectares. It is located in the northwest corner
of NTS Quadrangle 105 A, about 10 km. southeast of the Company's
Four Corners (4C) property, Finlayson District. The 4C property is
one of 21 properties which are the subject of an option agreement
between the Company and Strategic Metals Ltd. (See news release of
Dec. 14, 2010).
The Vivi property is predominantly underlain by Late Devonian,
massive to foliated, serpentinized ultramafic rocks of the Big
Campbell Thrust Sheet. Historical regional silt geochemistry
completed by the Yukon Geological Survey and various exploration
groups have detected highly anomalous gold and arsenic values in
several streams draining the upland area covered by the Vivi
claims.
The Company intends to complete detailed soil and silt
geochemical surveys as well as prospecting to attempt to locate the
mineralized source.
In consideration for the sale, the Company has agreed to pay the
estate a single payment of $35,000. The estate will retain a 2% NSR
from any production from the property, half of which may be
purchasable at any time for $1,000,000.
The technical data in this news release has been reviewed and
approved by James M. Dawson, P.Eng, who is a qualified person under
the definition of National Instrument 43-101.
WOLVERINE MINERALS CORP.
Thomas A. Doyle, President & CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Wolverine Minerals Corp. Thomas A. Doyle (604)
689-5722 Wolverine Minerals Corp. Logan Anderson (604) 689-5722
(604) 685-9182 (FAX) info@wolverineminerals.ca
www.wolverineminerals.ca
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