WEL

Wildcat Exploration Ltd. (TSX VENTURE:WEL) is pleased to report that it has
satisfied the first year exploration expenditure obligations under its five-year
option of the Burntwood property. In addition, the company extended its initial
drill program by deepening the hole which had intersected a quartz vein assaying
152.5 g/t gold over one metre, and by drilling another hole that targeted the
same mineral horizon approximately 25 m below the gold-bearing intercept. Assays
are pending.


Drill hole TB-2011-02 intersected one metre (core length) of gold mineralization
grading 152.5 g/t gold from 125.9 m to 126.9 m (see News Release January 5,
2012). Native gold occurs within a smoky-grey quartz vein and along the
enveloping wall rock. The quartz vein is hosted within a well-foliated
garnet-biotite-quartz metasedimentary rock. In February Wildcat deepened hole
TB-2011-02 by approximately 15 m to further test for gold-bearing quartz veins.
The company also drilled approximately 161 m in hole TB-2012-01 to test the
possible down dip extension of the gold mineralization.


Tom Lewis, VP of Exploration commented, "As we were completing our first year
program at Burntwood, we were able to take advantage of equipment onsite to
extend the work. We are now working toward a more extensive second phase of
drilling to follow up the exciting initial result which we believe is the first
instance of significant gold mineralization found in the Thompson Nickel Belt.
We are also continuing to investigate the nickel and copper potential of the
Burntwood property." 


The Burntwood property is located approximately 55 km southwest of Thompson in
the Thompson Nickel Belt (TNB).


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. Its portfolio includes: (1) the Jeep, Mike Power and
Poundmaker gold properties under option to San Gold Corporation, together with
two additional gold exploration properties in the Rice Lake greenstone belt in
Manitoba, (2) the McVicar gold property in the Uchi subprovince of Ontario, (3)
the Reed Lake base metal property in the Flin Flon-Snow Lake greenstone belt in
Manitoba, (4) the Burntwood property in the Thompson Nickel Belt in Manitoba and
(5) the Foster zinc-lead-silver property in Saskatchewan. The Company seeks to
continuously upgrade its property portfolio through exploration and accretive
transactions.


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. (TSXV:WEL)
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Wildcat Exploration Ltd. (TSXV:WEL)
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부터 7월(7) 2023 으로 7월(7) 2024