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Wildcat Exploration Ltd. - Drill Results - Poundmaker Property - Bissett Mining Camp
Wildcat Exploration Ltd. - Drill Results - Poundmaker Property - Bissett Mining Camp.
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[{"type":"text","content":"\n\n\n\n\nWINNIPEG, May 16 /CNW/ - Wildcat Exploration Ltd. (TSX-V:WEL) is pleased\nto announce the results of its 2006 winter drill program on the Poundmaker\nProperty. Wildcat had terminated the drill program in February 2006 (announced\ninitially in a Press Release dated January 9, 2006) due to the unexpected and\nexceedingly mild weather conditions.\nThe four hole, 742 meter, diamond drill program was conducted between\nJanuary 9 to 29, 2006 on the Poundmaker Property. The program tested the\nsubsurface extent of gold mineralization found along the Gold Creek Shear Zone\nand the Liberty Gold Zone.\nThe first two drill holes targeted the Gold Creek Shear Zone, on the \nMike-Power grid, in the southern portion of the Poundmaker Property.\nDrill hole PM-06-01 targeted a MMI geochemical anomaly along the Gold\nCreek Shear Zone. The hole intersected several narrow zones of multi-phase\nquartz-tourmaline breccia veins and associated strongly altered rocks with an\nassemblage comprising sericite - chlorite - ankerite - quartz - pyrite with\nminor intervals of strong silicification. Zones of high strain, including\nmylonites, associated with the Gold Creek Shear Zone were also intersected.\nDrill hole PM-06-02 was collared 1600 meters northwest of PM-06-01 and\ntargeted a surface grab sample assaying 9.5g/t gold from a quartz vein hosted\nwithin highly altered Bidou Assemblage rocks within the Gold Creek Shear Zone.\nThe hole intersected 0.56 g/t gold over 0.3 meters within a quartz vein.\nStrongly deformed and altered rocks intersected in this hole, including\nsericite - chlorite - ankerite - pyrite are similar to the alteration and\ndeformation encountered in hole PM-06-01.\nSignificant alteration and deformation intersected within holes PM-06-01\nand PM-06-02, show the highly prospect nature for gold mineralization in the\narea of the Gold Creek Shear Zone. The Gold Creek Shear Zone, a minimum of 300\nmeters in width, has not been fully explored along its full width and strike\nextent within the Wildcat claims.\nTwo additional holes, PM-06-03 and PM-06-04, were drilled to test the\nLiberty showing, a recent gold discovery (see press release Sept. 23, 2005) -\nnorthwest of Saxton Lake in the northern portion of the Poundmaker property.\nThe Liberty showing has a 75 meter strike length of alteration and quartz\nveining carrying up ...