Dec 12 2014
Wildcat Exploration Ltd. and Doe Run Canadian Exploration ULC have extended their December, 2012 agreement, known as the Wildcat-Doe Run Canadian Exploration Alliance, beyond the initial two year term to continue work on the base metal discovery at the Island Lake property near the former Heath Steele mines in New Brunswick. Under the terms of the extension, the Alliance will continue until completion or termination of exploration programs on the property.
John Knowles, Wildcat's President and CEO, commented, "Our work with Doe Run Canadian has brought together complementary skills of both companies with very positive exploration results. We look forward to continuing our relationship to advance the discoveries on the Island Lake property."
Work by the Alliance to date has established two areas of zinc-lead-copper-silver mineralization at the Railroad and Roche Long Lac Zones on the Island Lake property (see news releases dated October 27, 2014 and November 3, 2014). The property is in the Bathurst mining area of New Brunswick.
The agreement, known as the Wildcat-Doe Run Canadian Exploration Alliance, is a strategic, base metal exploration arrangement between Wildcat and 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 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 and approved all technical information in this release.
Source: http://www.wildcat.ca/