WINNIPEG, MANITOBA--(Marketwired - Sept. 3, 2014) - Wildcat Exploration Ltd. (TSX VENTURE:WEL) has intersected significant zinc-lead-copper-silver ("Zn-Pb-Cu-Ag") mineralization in a step out diamond drill hole ("DDH") on the Island Lake property. The drilling is part of the Wildcat-Doe Run Canadian Exploration Alliance's 2014 work program on the property, which is located 4 km southeast of the former Heath Steele Mine, in Northumberland County, N.B.
In drilling at the Railroad Zone, samples from DDH IL-2014-003 included 3.0 m (2.6 m true width) of 6.57% Zn, 2.78% Pb, 0.46% Cu, and 68.1 g/t Ag from 389 m to 392 m down the hole. The hole also intersected 9.0 m (7.8 m true width) of 14.51% Zn, 5.86% Pb, 0.67% Cu, and 139.9 g/t Ag from 398 m to 407 m down the hole. DDH IL-2014-003 is a 70 m stepout to the northeast from DDH IL-2014-001. The contained mineralization in DDH IL-2014-003 is hosted in the same volcanic sequence as was intersected in DDH IL-2014-001 (see news release August 25, 2014). Drilling on the Railroad Zone as well as the Roche Long Lac Zone is continuing and assays are pending.
Tom Lewis, Wildcat's V.P. Exploration commented, "We are very encouraged by the intersections to date. We will be extending the drilling and I look forward to building our knowledge of this exciting property."
The Alliance is a strategic, base metal exploration agreement between Wildcat and Doe Run Canadian Exploration ULC ("Doe Run Canadian"), a British Columbia registered company (see news release December 11, 2012). Under the terms of the Alliance, properties are acquired and held by Doe Run Canadian, subject to Wildcat's right, under certain circumstances, to earn up to a 30% interest in one or more properties. Wildcat is Manager of the Alliance.
Wildcat's exploration program is managed by Tom Lewis, P.Eng., a Qualified Person as defined by NI 43-101, who has reviewed all technical information in this release.
Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold and base metals in Canada. It manages exploration on its own properties in Ontario, Manitoba and Saskatchewan. In addition, Wildcat is the manager of the Wildcat - Doe Run Canadian Exploration Alliance, which explores in Canada for base metal deposits.
For further information on Wildcat, please visit www.wildcat.ca.
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No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release may contain "forward-looking information", within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to Wildcat's exploration program and plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "believes", "plans", "seeks", "expects", "budget" or variations of such words or statements that certain actions, events or results may, could, will, will be, would be or are expected to be. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wildcat to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Wildcat does not undertake to update any forward- looking information, except in accordance with applicable securities laws.