WEL

Wildcat Exploration Ltd. (TSX VENTURE:WEL) is pleased to announce that the
initial drill program on the Island Lake, NB property under the Wildcat - Doe
Run Canadian Exploration Alliance (the "Alliance") has been completed, with
assays pending, and the drill rig has moved to the Sewell Brook, NB property. 


The Island Lake property is located approximately 4 km southeast of the former
Heath Steele zinc-lead mine in Northumberland County, NB and the Sewell Brook
property is located approximately 40 km southeast of Grand Falls, in Victoria
County, NB. 


At Island Lake, four holes totaling 1,566 metres were drilled. The first hole,
IL-2013-001, tested lead-zinc mineralization associated with an iron formation
and a lead-zinc soil geochemical anomaly. It encountered remobilized galena in
quartz veins proximal to the iron formation (79.4 to 104m), which may account
for the soil lead anomaly.


Two holes were drilled on the Railroad Zone to test Pb-Zn mineralization
intersected in earlier drilling approximately 600 metres down the hole. The
drilling objective was to intersect the mineralization at least 100 metres down
plunge of previously intersected mineralization. Hole IL-2013-002 deviated
extensively and was abandoned at 210 metres depth, and hole IL-2013-002b was
then drilled to a depth of 847 metres with the same objective. The fourth hole
(IL-2013-003) was drilled in the western portion of the property. It targeted
rusty felsic volcanic rock near the contact between the Nepisiquit Falls
formation and the Flat Landing Brook formation. These rocks host the Heath
Steele deposit.


The drill has been moved to the Sewell Brook property where a program of four
holes totaling approximately 1,500 metres is planned.


Wildcat's VP Exploration, Tom Lewis, commented, "The drilling at Island Lake has
demonstrated the down plunge continuation of the Railroad Zone. In the area of
Rusty Ridge, we were surprised at the apparent absence of exploration, given the
favourable pyritic felsic volcanics, alteration and the fact that the underlying
rocks host the Heath Steele deposit a few kilometres to the north."


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.


Subject to regulatory approval, Wildcat has granted incentive stock options to
purchase up to 330,000 common shares of the Company to certain directors,
officers, employees and consultants of the Company under its stock option plan.
The options are exercisable for a five-year period at $0.10 per share.


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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Wildcat Exploration Ltd.
John Knowles
President & CEO
(204) 944-8916
info@wildcat.ca
www.wildcat.ca


CHF Investor Relations
Cathy Hume
CEO
(416) 868-1079 ext. 231
cathy@chfir.com

Wildcat Exploration Ltd. (TSXV:WEL)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024

Wildcat Exploration Ltd. (TSXV:WEL)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024