Wildcat Exploration Extends Option of Burntwood Project in Thompson Nickel Belt, MB

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Wildcat Exploration Ltd.
John Knowles
President & CEO
(204) 944-8916
info@wildcat.ca
www.wildcat.ca

Wildcat Exploration Ltd. (TSXV:WEL)
過去株価チャート
から 5 2024 まで 6 2024