Welcome To The Wildcat Exploration Ltd HUB On AGORACOM
Wildcat Exploration Limited is a publicly traded company actively exploring in Canada for precious and base metals.
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio




Fairmont Resources CEO Discusses Newly Optioned Lithium Project Adjacent to RB Energy’s Quebec Lithium Mine $FMR.ca

  • Contiguous to the north and south of RB Energy’s Quebec Lithium Mine 
  • measured and indicated resources (at a 0.60% Li2O cutoff) of 41,556,000 tonnes at 1.09% Li2O, 
  • inferred resource of (at a 0.60% Li20 cutoff) of 17,766,000 million tonnes at 1.10% Li2O
  • Also contiguous to Jourdan Resources Vallee Lithium property that drilled more than 4000m of core in 2011 and intersected more 100 pegmatite and aplite dikes.
  • Jourdan Resources intersected values of up to 1.187% Li2O over 5.50m

Hub On AGORACOM / Corporate Profile / Read Release

Message: Wildcat Reports Option Renewal With San Gold, and Further Drill Results on Jeep

Rank: [?]
Points: [?]
Rating: [?]
Votes: 168 Score: 3.7
  • Currently 3.7/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Wildcat Reports Option Renewal With San Gold, and Further Drill Results on Jeep

posted on Aug 30, 12 02:51PM

Wildcat Reports Option Renewal With San Gold, and Further Drill Results on Jeep Property

WINNIPEG, MANITOBA--(Marketwire -08/30/12)- Wildcat Exploration Ltd. (WEL.V) is pleased to announce that the option of three properties in the Rice Lake gold camp to San Gold Corporation has been continued for a second year. The optioned properties are located east and west of San Gold's mining operations at Bissett, Manitoba, within the Rice Lake greenstone belt. To date, San Gold has drilled 15 holes on the Mike Power property and 12 holes on the Jeep property. Drill logs and assays results for the first 10 Jeep drill holes totaling 6,074.7 metres have been received, and two holes are pending results. Drilling is now complete, and the drill has been removed from the property.

Wildcat's Jeep, Mike Power and Poundmaker properties are under option to San Gold (see news release dated August 10, 2011) whereby San Gold can earn an 80% interest in the properties by carrying out $5.1 million of exploration expenditures over 4 years and making cash payments of $1 million in total and subscribing to $1 million of Wildcat shares.

San Gold has made the agreed cash payment of $250,000 and has advised Wildcat that it will subscribe for $250,000 of Wildcat shares at a price not less than market, in accordance with the terms of the option agreement. In addition exploration expenditures exceeding $1 million have been made during the first year of the option. During 2011 San Gold made a similar cash payment and subscription for shares.

The current program is designed to test the Jeep quartz vein system deeper and down plunge of previous drill programs, and new gold horizons parallel to the Jeep trend. Significant results (core length) are as follows:

JP- 12 - 004 0.267 opt Au over 3.5 feet (8.3 g/t Au over 1.07 m)

JP -12 - 007 0.312 opt Au over 1.3 feet (9.7 g/t Au over 0.40 m)

The historic Jeep gold mine produced approximately 14,000 ounces of gold at an average grade of 0.78 ounces per ton of ore (non-NI 43-101 compliant) from 1948 through 1950.

Tom Lewis, Wildcat's VP of Exploration commented, "The Jeep property produced gold from several veins 60 years ago. Shallow drilling by Wildcat along strike, and more recent deeper drilling by San Gold, has demonstrated the potential for further discoveries. I am pleased San Gold has sufficient encouragement to continue the drilling on Wildcat properties into the future, and I look forward to the assay results from JP-12-011 and JP-12-12."

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.

New Message

Please login to post a reply


AGORACOM 100 - The Top 100 Small Caps ... Find Your Next Investment

President's D.D.

New feature: Hub Presidents can add important links here.

Hub Leaders