WINNIPEG, MANITOBA--(Marketwired - Nov 4, 2014) - Wildcat Exploration Ltd. (TSX VENTURE:WEL) has completed drilling at the Roche Long Lac Zone ("Roche"), intersecting the widest zone of mineralization encountered to date and establishing a second area of interest on the Island Lake property. Follow up drill programs are now being planned by the Wildcat-Doe Run Canadian Exploration Alliance.
At Roche, diamond drill hole ("DDH") IL-2014-009, intersected 8.5 metres true width from 168 m depth, grading 2.36% zinc, 1.03% lead, 0.04% copper, and 6.51 g/t silver across within a wider intercept of 14.1 m true width from 168 m depth, grading 1.98% zinc, 0.83% lead, 0.03% copper, and 4.5 g/t silver. The mineralization consists of disseminated and veined sphalerite and galena hosted in a graphitic mudstone.
DDH IL-2014-010 was drilled on a line approximately 230 m southwest of DDH IL-2014-009. Alliance geologists identified pyrite mineralization in DDH IL-2014-010 core, along the contact with the Flat Landing Brook ("FLB") and Nepisiguit Falls ("NF") formations. The stratabound mineralization at the FLB/NF contact constitutes a geological setting that is similar to the environment hosting the Heath Steele deposits.
Tom Lewis, Wildcat's V.P. Exploration, commented, "We were pleased to encounter a second encouraging zone of mineralization and favourable mineralized contact at the Roche Long Lac Zone. We are looking forward to investigating the continuity and size of the Roche and Railroad deposits in our next drill program."
See news releases dated September 3, 2014 and October 27, 2013 regarding drilling at the Railroad Zone.
The Island Lake property is located 4 km southeast of the former Heath Steele zinc-lead-copper-silver mine, in Northumberland County, N.B., which operated for 45 years until 1999. It is being explored by the Wildcat-Doe Run Canadian Exploration Alliance.
The Alliance plans to complete detailed analysis of drilling and sampling, and to perform additional field mapping to refine its models of the mineralization in the Railroad and Roche Long Lac Zones. Following the results of this work, the Alliance expects to resume drilling in 2015.
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 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. 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.