Wildcat Exploration has authenticated the existence of mineralized nickel and gold-bearing quartz veins, through the drilling assays obtained from the Burntwood property, located in the Thompson Nickel Belt (TNB).
The plan of the early drilling campaign was to cut mineralization of copper and nickel in the TNB. The geologists of the company tested for platinum group elements (PGE) and gold. Gold mineralization was discovered in the hole TB-2011-02, through this drilling.
The company cut mineralized gold at 1 m in the hole TB-2011-02, including 152.5 g/t gold. Re-assaying validated this result. The quartz vein is present in a well-foliated metasedimentary rock, containing biotite, garnet and quartz. A primary follow-up sampling program was conducted by the company in core that touches the gold intersection. Wildcat intends to perform further drilling in order to follow-up mineralized gold. The drilling rig is present on site.
Further assays have verified the existence of nickel mineralization in TNB’s Ospwagan rocks. The company intersected 0.28% nickel over 11 m of core thickness in the hole TB-2011-01. This mineralization is connected with dispersed sulphides that are present in Ospwagan perridotite. Adjacent anomalies are confirmed by the down-hole electromagnetic surveys.
According to Wildcat’s VP of Exploration, Tom Lewis, though the company conducted sampling for PGE and gold in remote probability, the occurrence of gold in the TNB was not expected. The company will be targeting continually the potential of copper and nickel at the Burntwood property.
Source: http://www.wildcat.ca/