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Wildcat Exploration Ltd. - Extensive Gold-Silver Mobile Metal Ions Soil Geochemical Anomaly Documented
Wildcat Exploration Ltd. - Extensive Gold-Silver Mobile Metal Ions Soil Geochemical Anomaly Documented.
About this update from Fuse Battery Metals Inc
[{"type":"text","content":"\n\n\n\n\nWINNIPEG, July 31 /CNW/ - Wildcat Exploration Ltd. (TSX-V:WEL) (\"Wildcat\"\nor the \"Company\") is pleased to announce that results have been received from\na Mobile Metal Ions (\"MMI\") soil geochemical survey completed on their\nPoundmaker property near Bissett in southeast Manitoba. The survey has\noutlined what is interpreted to be a significant geochemical anomaly related\nto a buried gold-silver mineralized structure.\nIn May, 2006 Wildcat completed a multi-element MMI soil geochemical\nsurvey initiated in 2005 on the Mike-Power grid in the southern portion of the\nPoundmaker property. MMI geochemistry is a relatively new technique developed\nto detect bedrock-hosted precious and base metal mineralization buried under\nthick overburden cover. This enables pinpoint exploration and reduces diamond\ndrill costs.\nThe anomaly appears to be spatially associated with the Gold Creek Shear\nzone (GCSZ). Field mapping conducted in the summer of 2005, in the area of the\nGCSZ, outlined significant sericite and ankerite alteration proximal to the\nMMI anomaly.\nFrom the MMI results and field mapping conducted in the summer of 2005, a\ndiamond drill hole targeted the southeastern portion of the MMI anomaly within\nthe GCSZ (see press release dated May 16, 2006). The hole intersected several\nnarrow zones of multi-phase quartz-tourmaline breccia veins and associated\nstrongly altered rocks with an assemblage comprising sericite - chlorite -\nankerite - quartz - pyrite with minor intervals of strong silicification.\nZones of high strain, including mylonite, associated with the GCSZ were also\nintersected.\nThe 2006 survey has expanded the 2005 anomaly to the east for an\nadditional 550 m and a total strike length of about 1 km. The combined\ncharacteristics of the 2005 and 2006 MMI survey indicate the gold anomaly has\nresponses of up to 86 times background and is coincident with a 20-times\nbackground silver anomaly.\nWith the completion of the MMI survey the process of data integration and\nselection of drill hole locations to test coincident MMI, geophysical and\ngeological targets will begin. Drill results with assay data will be reported\nwhen available.\nExcellent access to the area is provided by an all-weather road that is\n50 meters north of the anomaly which will assist in the exploration of the\narea.\nThe design, ...