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Wildcat Exploration Ltd. Encounters Significant Mineralization at Jeep Property, Manitoba
Wildcat Exploration Ltd. Encounters Significant Mineralization at Jeep Property, Manitoba.
About this update from Fuse Battery Metals Inc
[{"type":"text","content":"\n\n\n\n\nWINNIPEG, Nov. 27 /CNW/ - Wildcat Exploration Ltd. (TSX-V:WEL) (\"Wildcat\"\nor the \"Company\") proudly announces preliminary results of their exploration\nprogram in the Rice Lake greenstone belt of southeastern Manitoba. The Company\nis pleased to announce that the first four drill holes have encountered\nsignificant widths of combined disseminated, near solid and massive sulphide\nintervals up to 53 meters thick at its 100% owned Jeep Property.\nThe Jeep Property, located 14 km east of the town of Bissett, is\naccessible year-round by a gravel all weather road. The mineralization on this\nproject (a former gold mine) is polymetallic, consisting not only of Au in\nquartz veins but also of previously not recognized magmatogenic- Ni- Cu -PGE\n(platinum group elements) sulphides. Recent mechanical and hydraulic outcrop\nstripping, defined sulfide mineralization extending along strike in excess of\n300 meters. The zone is open along strike and along its width.\nWildcat assigned a high priority on exploring the Jeep mineralization\nbecause this mineralization combines concrete indications for the existence of\nmagmatogenic sulphides containing Ni, Cu, and PGE with the known existence of\ngold concentrations from historic mining records of the former Jeep gold mine.\nCurrently, four drill holes, JP-06-01 to JP-06-04, have been completed at\nthe Jeep Property, testing an extensive zone of predominantly disseminated\nsulphide mineralization (pyrrhotite and chalcopyrite) with minor near solid\nand massive sulphide mineralization hosted within a clastic debris zone.\nDrilling has only tested approximately 100 meters of strike length. Surface\nexposure of the zone is severely limited due to overburden cover.\nAll completed drill holes have intersected significant widths of\nmineralization (see table below). Including up to 53.82 meters of disseminated\npyrrhotite and chalcopyrite, in hole JP-06-03. Assays are currently pending\nfrom these holes.\n\n>\n\nThere are considerable similarities between this mineralization on the\nJeep Property and Ni, Cu, PGE-bearing sulphides found in a number of\nintrusions of the Nippissing gabbro suite (Agnew, East Bull Lake and River\nValley intrusions) occurring in vicinity of the Sudbury basin. These igneous\nbodies also intruded and partially assimilated a sequence of volcanic and\nsedimenta...