Nov 5 2014
Wildcat Exploration Ltd. has completed drilling at the Roche Long Lac Zone, intersecting the widest zone of mineralization encountered to date and establishing a second area of interest on the Island Lake property. Follow up drill programs are now being planned by the Wildcat-Doe Run Canadian Exploration Alliance.
At Roche, diamond drill hole IL-2014-009, intersected 8.5 metres true width from 168 m depth, grading 2.36% zinc, 1.03% lead, 0.04% copper, and 6.51 g/t silver across within a wider intercept of 14.1 m true width from 168 m depth, grading 1.98% zinc, 0.83% lead, 0.03% copper, and 4.5 g/t silver. The mineralization consists of disseminated and veined sphalerite and galena hosted in a graphitic mudstone.
DDH IL-2014-010 was drilled on a line approximately 230 m southwest of DDH IL-2014-009. Alliance geologists identified pyrite mineralization in DDH IL-2014-010 core, along the contact with the Flat Landing Brook ("FLB") and Nepisiguit Falls ("NF") formations. The stratabound mineralization at the FLB/NF contact constitutes a geological setting that is similar to the environment hosting the Heath Steele deposits.
Tom Lewis, Wildcat's V.P. Exploration, commented, "We were pleased to encounter a second encouraging zone of mineralization and favourable mineralized contact at the Roche Long Lac Zone. We are looking forward to investigating the continuity and size of the Roche and Railroad deposits in our next drill program."
See news releases dated September 3, 2014 and October 27, 2013 regarding drilling at the Railroad Zone.
The Island Lake property is located 4 km southeast of the former Heath Steele zinc-lead-copper-silver mine, in Northumberland County, N.B., which operated for 45 years until 1999. It is being explored by the Wildcat-Doe Run Canadian Exploration Alliance.
The Alliance plans to complete detailed analysis of drilling and sampling, and to perform additional field mapping to refine its models of the mineralization in the Railroad and Roche Long Lac Zones. Following the results of this work, the Alliance expects to resume drilling in 2015.
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 to earn up to a 30% interest in one or more properties. Wildcat is Manager of the Alliance.
Source: http://www.wildcatexploration.com/