Wildcat Exploration Extends Option of Burntwood Project in Thompson Nickel Belt, MB
09 April 2014 - 11:01PM
Marketwired
Wildcat Exploration Extends Option of Burntwood Project in Thompson
Nickel Belt, MB
WINNIPEG, MANITOBA--(Marketwired - Apr 9, 2014) - Wildcat
Exploration Ltd. (TSX-VENTURE:WEL) is pleased to announce that it
has agreed with Anglo American plc to extend, by one year, the
remaining exploration expenditure completion dates under Wildcat's
option of the Burntwood property.
Expenditures to date, for purposes of the option agreement with
Anglo American, have exceeded the $600,000 requirement. The revised
requirements are for a further $400,000 of expenditures by March
31, 2015, and $500,000 by each of March 31, 2016 and March 31,
2017. By completing the required expenditures, Wildcat will earn a
100% interest in the property, subject to Anglo American's right to
earn back a 65% interest by completing a pre-feasibility study on
the property.
In 2012, Wildcat's drill hole TB 2011-02 intersected 152.5
g/tonne gold over 1 m (core length) from 125.9 m to 126.9 m. To
date, no further drilling has been done in relation to this
significant intersection. In addition, nickel-copper drill targets
in Opswagan rocks of the Thompson Nickel Belt, identified by Anglo
American, remain untested and drill ready. Follow-up drilling is
awaiting funding or partnership arrangements.
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.
About Wildcat
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.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy and
accuracy of this release.
Cautionary Note
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.
Wildcat Exploration Ltd.John KnowlesPresident & CEO(204)
944-8916info@wildcat.cawww.wildcat.ca
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