Incorporated in Nevada on February 23, 2006, Wolverine Exploration is a junior exploration company with headquarters in Vancouver, British Columbia. The company is engaged in the business of the acquisition and exploration of base and precious metal mineral properties, focusing on the exploration of mineral properties in Labrador, Canada.
Wolverine Exploration holds a 90 percent interest in 429 mineral claims. These claims cover an area of approximately 10,725 hectares (41 square miles) in central Labrador. The Labrador Claims are located approximately 120 km west of Goose Bay, Labrador. They contain a series of significant copper-gold showings. Concerning infrastructure and build-out, a year-round road traverses the property. The property is 68 miles to the nearest deep water port. In addition, a power line is within easy access and the property has near surface anomalies as well.
Mr. Ed Montague is the senior geologist for Wolverine Exploration. He is the former representative of the Department of Natural Resources of the provincial government. Mr. Montague was, in part, responsible for the promotion and development of Labrador's mineral resources. He spent 25 years with mining and engineering companies, including Bechtel, Placer Dome, and United Keno Hill. He is a Professional Geoscientist (P. Geo.) registered with the Association of Professional Engineers and Geoscientists of Newfoundland and Labrador.
The company terminated exploratory drilling in October 2011. Wolverine has reassessed their options on their Cache River property in central Labrador. Of the 11 anomalies targeted, only 4 underwent drilling prior to the shutdown. The results were not as high as expected and the cause of the anomalies in the drilling area on grid 1 was determined to be mainly magnetite with minor sulphides. The area drilled does not necessarily reflect the entire property - this was only a small portion of the total claim area.
There remain seven anomalous areas to be investigated. Most of those are 20 km remote from the 2011 drilling. They are centered in the area of the surface malachite showing discovered previously by the company. There is also a high radiometric and magnetic anomalous area to the northeast. It was detected by the airborne survey that lies under an extensive muskeg where high surface scientillometer readings were noted. Wolverine considers this to be a priority 1 target as well. They plan to investigate the zone when drilling resumes this summer.
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