WINNIPEG, Sept. 20 /CNW/ - Wildcat Exploration Ltd. (TSX-V:WEL) is
pleased to announce an update on the summer exploration activities at its Jeep
property located 250 kilometres northeast of Winnipeg, Manitoba.
An exciting new mineralization was recently defined on Wildcat's Jeep
property. This property hosts not only a former gold mine that that yielded
the highest grade gold ore ever mined in the Rice Lake greenstone belt , but
recent field work undertaken by our geologists outlined in the immediate
vicinity of the former gold mine, a new sulphide mineralization hosting Ni,
Cu, PGE and Au concentrations. Preliminary excavations proved the presence of
up to 20 % pyrrhotite and chalcopyrite mineralization currently measuring at
least 200 metres by up to 20 metres width.
Our ongoing field work is delineating the extent and controls of this
wide open mineralization and establishing drill targets to test the grades and
continuity of this deposit.
Exploration on the adjacent former Jeep Gold mine includes the
development of a three dimensional mineralization model that will guide future
work on this property. This model uses mine planning software that combines
all geological and assay data generated throughout the project's exploration
and mining history.
Drilling on the Jeep property is planned to begin in October. This
drilling will test the strike length and width of the new sulphide
mineralization and also test gold targets on the former Jeep Gold mine.
Wildcat wholly owns the mineral rights to this property.
All technical information in this release has been reviewed by Dr. Peter
Theyer, P.Geo. as the Qualified Person.
About Wildcat Exploration
Wildcat is a Winnipeg-based mineral exploration company actively
exploring for gold and base metals in Canada. For further information on the
company please visit our website at www.wildcat.ca or contact us at
info(at)wildcat.ca.
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On behalf of the Board
"Sol Prizant"
President and CEO
>>
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
