01:48 PM EDT, 05/10/2018 (MT Newswires) -- Wolfden Resources (WLF.V) said Wednesday exploration-drilling results at its Pickett Mountain project in Maine showed high levels of base metals and silver from a program designed to test the outer limits of the deposit.

The company released test results from 13 drill cores, with the best showing 22.3% zinc, lead and copper content, along with 100 grams of silver per tonne, over a 0.5 meter intersection, and other selecting results showing between 3.1% and 20.3% base-metal content over intervals as long as 7.5 meters.

"The latest results comprise thirteen holes designed to test the outer limits and shallow expansion potential of the two known mineralized lenses and well as a few in-fill holes within the lenses," the company said in a release. "The tenor and grade of the in-fill holes are consistent with those of the historical results."

Wolfden said it will complete geophysical surveys of the site this month, with the next round of exploration drilling to begin within weeks.

The company's shares were down $0.005 to $0.28 at last look on the TSX Venture Exchange.The shares have traded between $0.13 and $0.68 over the past 12 months.

Price: 0.28, Change: 0.00, Percent Change: -1.75