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Wildcat Exploration Ltd. Encounters High Grade Gold Mineralization Assaying 109 g/t Au on its Jeep Property, Manitoba
Wildcat Exploration Ltd. Encounters High Grade Gold Mineralization Assaying 109 g/t Au on its Jeep Property, Manitoba.
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[{"type":"text","content":"\n\n\n\nWINNIPEG, Dec. 12 /CNW/ - Wildcat Exploration Ltd. (TSX-V:WEL) (\"Wildcat\"\nor the \"Company\") is pleased to announce assay results from drill core of its\n100% owned Jeep Property in the Rice Lake greenstone belt of southeastern\nManitoba. Gold mineralization from a quartz vein with visible gold assaying\n109.5 g/t Au over a core length of 0.78 meters was intersected in drill hole\nJP-06-05 from 219.12 to 219.9 meters depth. This mineralization occurs 300\nmeters southeast of and on strike with the underground workings of the\nformerly producing Jeep gold mine which yielded the highest grade gold ore\never mined in the Rice Lake greenstone belt.\n\n\nThe Company has currently completed six drill holes, JP-06-01 to\nJP-06-06, all of which intersected disseminated to massive sulphides. Three of\nthese holes JP-06-01, JP-06-05 and JP-06-06 intersected the extension of the\nNo. 1 gold vein system of the adjacent Jeep mine. Currently, assays have only\nbeen received for holes JP-06-01 and JP-06-05. This discovery indicates that\nthe main gold bearing vein system of the Jeep gold mine has an extent now\nexceeding 300 meters on strike and also suggests that these gold bearing\nquartz veins are closely associated with the disseminated to massive\nsulphides.\n\n\nAll three holes intersected the No. 1 gold vein system between 115 and\n170 meters vertical depth. No other drilling has been conducted above or below\nthese three intersections on the mineralized vein system in this area. The\ngeometry of the vein system suggests gentle open folding with the high grade\ngold intersection occurring in the fold nose. This style of deformation and\nmineralization is similar to that of the adjacent formerly producing Jeep gold\nmine, according to pre NI 43-101 archived mine level plans and diamond drill\nlogs.\n\n\nContinued drilling of the Ni Cu PGE occurrence, based on surface grab\nsamples assaying up to 0.44% nickel, 0.18% copper, 1.4g/t palladium,\n0.39 g/t gold, 65 ppb platinum, has revealed two distinct zones of\ndisseminated to massive sulphides. The zones are up to 70 meters thick and\nhave been traced 150 meters along strike. The high grade gold zone occurs\nbetween these two zones. All zones appear to be folded parallel to the folded\nNo.1 gold vein system. Assays are currently pending for the zones.\n\n\nThe Company is extrem...