WINNIPEG, MANITOBA--(Marketwired - Dec 11, 2014) - Wildcat Exploration Ltd. (TSX VENTURE:WEL) and Doe Run Canadian Exploration ULC ("Doe Run Canadian") have extended their December, 2012 agreement, known as the Wildcat-Doe Run Canadian Exploration Alliance, beyond the initial two year term to continue work on the base metal discovery at the Island Lake property near the former Heath Steele mines in New Brunswick. Under the terms of the extension, the Alliance will continue until completion or termination of exploration programs on the property.
John Knowles, Wildcat's President and CEO, commented, "Our work with Doe Run Canadian has brought together complementary skills of both companies with very positive exploration results. We look forward to continuing our relationship to advance the discoveries on the Island Lake property."
Work by the Alliance to date has established two areas of zinc-lead-copper-silver mineralization at the Railroad and Roche Long Lac Zones on the Island Lake property (see news releases dated October 27, 2014 and November 3, 2014). The property is in the Bathurst mining area of New Brunswick.
The agreement, known as the Wildcat-Doe Run Canadian Exploration Alliance, is a strategic, base metal exploration arrangement between Wildcat and 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 to earn up to a 30% interest in one or more properties. Wildcat is Manager of the Alliance.
Wildcat's exploration program is managed by Tom Lewis, P.Eng., a Qualified Person as defined by NI 43-101, who has reviewed and approved 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.