Wildcat Exploration Sets Drilling Plans for Island Lake, NB Project
31 März 2014 - 3:01PM
Marketwired
Wildcat Exploration Sets Drilling Plans for Island Lake, NB Project
WINNIPEG, MANITOBA--(Marketwired - Mar 31, 2014) - Wildcat
Exploration Ltd. (TSX-VENTURE:WEL) is pleased to announce that it
plans to commence the next phase of diamond drilling and other work
programs at the Island Lake, N.B. property in May 2014 under the
Wildcat - Doe Run Canadian Exploration Alliance (the "Alliance").
The drilling will follow up on encouraging 2013 drill results in
the Railroad Zone. Concurrently, a program of mapping, soil
geochemistry and geophysics will be performed on the Captain West,
Roche Long Lac and other areas of the property.
The Island Lake property is located approximately 4 km southeast
of the former Heath Steele zinc-lead mine in Northumberland County,
N.B.
The planned drill program includes approximately 1,200 m in
three holes. The objective of the drilling is to demonstrate
increased tonnage potential by drilling down dip and along strike
from IL-2013-002b. In 2013, IL-2013-002b intersected 6.5% Zn, 3.2%
Pb, and 0.4 % Cu across 2.08 m. (see news release dated September
9, 2013). Concurrently with the drilling, ground surveys including
geophysics, geochemistry and geological mapping will performed on
approximately 21 new EM anomalies have been identified, in order to
rank the targets for subsequent drilling.
Tom Lewis, Wildcat's VP Exploration, commented, "The Island Lake
property is underlain by the same types of rocks that host the
nearby Heath Steele mine. We believe the Island Lake property in
particular, and the Bathurst Camp in general, continue to have good
exploration potential, due to the poorly conductive nature of many
of the area's lead-zinc deposits. I am pleased the Alliance plans
to follow up on known mineralization on the Railroad Zone, as well
as to develop new targets on untested and overlooked weaker
conductors."
The Alliance is a strategic, base metal exploration agreement
between Wildcat and Doe Run Canadian Exploration ULC ("Doe Run
Canadian"), a British Columbia registered company (see news release
December 11, 2012). Under the terms of the Alliance, properties are
acquired and held by Doe Run Canadian, subject to Wildcat's right,
under certain circumstances, to earn up to a 30% interest in one or
more properties.
Drill intercept widths in this release represent metres down
hole, not true width, calculation of which is pending geological
interpretation.
Wildcat's exploration program is managed by Tom Lewis, P. Eng.,
a Qualified Person as defined by NI 43-101, who has reviewed all
technical information in this release.
About Wildcat
Wildcat Exploration Ltd. is a Winnipeg-based company exploring
for gold and base metals in Canada. It manages exploration on its
own properties in Ontario, Manitoba and Saskatchewan. In addition,
Wildcat is the manager of the Wildcat - Doe Run Canadian
Exploration Alliance which explores in Canada for base metal
deposits.
For further information on Wildcat, please visit
www.wildcat.ca.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy and
accuracy of this release.
Cautionary Note
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein. This news release may contain "forward-looking
information", within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, but is not
limited to, statements with respect to Wildcat's exploration
program and plans. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
"believes", "plans", "seeks", "expects", "budget" or variations of
such words or statements that certain actions, events or results
may, could, will, will be, would be or are expected to be.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Wildcat to be
materially different from those expressed or implied by such
forward-looking information. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance
on forward-looking information. Wildcat does not undertake to
update any forward- looking information, except in accordance with
applicable securities laws.
Wildcat Exploration Ltd.John KnowlesPresident & CEO(204)
944-8916info@wildcat.cawww.wildcat.ca
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