WINNIPEG, Feb. 7 /CNW/ - Wildcat Exploration Ltd. ("Wildcat") (TSX-V:
WEL) regretfully announces that its' current drill program (announced
initially in a Press Release dated January 9, 2006) in the Bissett area has
been terminated due to exceedingly mild weather conditions.
Wildcats' proposed work program comprised a minimum 2500 meter diamond
drill program to be carried out on the Poundmaker and Siderock gold
properties. To date, 4 drill holes have been completed for a total of
739 meters; all holes are located on the Poundmaker property. The remaining
proposed drilling on the Poundmaker property was slated for the Poundmaker
deposit. In order for this drilling to be accomplished the drill rig must be
positioned on a pond adjacent the Poundmaker deposit. However, due to the
prolonged mild weather affecting southern Manitoba this winter, insufficient
ice has been developed to safely support a drill rig on lakes, ponds etc.
Similarly, the diamond drill program proposed for the Siderock property
cannot be completed at this time due to mild weather conditions. The property
is inaccessible due to insufficient ice development over lakes and wetlands
required to be crossed to access the drill area.
The company is working on a contingency plan that would allow it to
complete its proposed drill program later this winter. This plan is contingent
upon a) cold weather prevailing over the Bissett area over the next few weeks
and b) a drill contractor can be found to complete this work.
Wildcat will plan, implement and manage the exploration program with
Eduard Sawitzky, 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. The company has six properties
in Manitoba and Saskatchewan. Currently exploration is being conducted
aggressively in the Bissett gold mining camp, southeast Manitoba. Wildcat has
consolidated the largest under-explored land holdings (230 square kilometers)
in the Bissett camp. For further information on the company please visit our
website at www.wildcat.ca or contact us at info(at)wildcat.ca.
On behalf of the Board
"Eduard Sawitzky"
President and COO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
