Ms. Letitia Cornacchia reports
WILDCAT DRILL RESULTS INCLUDE 100 METRES OF 153 GRAMS PER TONNE SILVER, 13.8% MANGANESE, 4.25% ZINC, 3.72% LEAD AND 0.19% COPPER
Wildcat Silver Corp. has released the results of four
additional drill holes completed on the company's flagship Hermosa
property (formerly the Hardshell project)* located in Santa Cruz
county, Arizona.
"These results continue to support our view that there is considerable
potential to expand the resource," said Wildcat's president and chief executive officer Chris
Jones. "Further, in addition to the high-grade silver we have
encountered, we have also intersected significant intervals of
byproduct metals."
Of the four holes reported, three holes were step-out holes (hole
HDS-113, HDS-121 and HDS-123). A total of 23 holes have been drilled in
the current program for a total of 6,250 metres, of which seven holes
(five step-out holes) have been reported to date.
Step-out holes
Hole HDS-113 is located on the northwest corner of the currently defined
Hermosa resource. It represents one of the thickest intervals drilled
to date and has encountered significant intervals of silver and
manganese mineralization from 20.4 metres below the surface to 236.9
metres. Significant intersections include:
-
An upper zone 39 metres at depth which intersected 18.4 metres of 69.4 grams per tonne (g/t) silver, 0.78 per cent manganese, 0.30 per cent zinc, 0.51 per cent lead
and 0.03 per cent copper. This forms a near-surface blanket of mineralization that has not been
quantified in the current resource estimate and provides further
potential to significantly add to the resource;
- A manganese oxide zone in the manto which intersected 100.3 metres of 153.4 g/t silver, 13.79 per cent manganese, 4.25 per cent zinc, 3.72 per cent
lead and 0.19 per cent copper;
-
Hole HDS-123 is located northeast of the current Hermosa resource. This
drill hole contains two well-defined intervals including 57.9 metres of 61.2 g/t silver, 16.29 per cent manganese, 4.16 per cent zinc, 2.59 per cent lead
and 0.10 per cent copper;
-
Hole HDS-121 is located on the eastern edge of the Hermosa resource.
This drill hole contains two well mineralized intervals including an
interval of 13.7 metres of 332.9 g/t silver, 7.43 per cent manganese, 0.31 per cent zinc, 4.35 per cent lead
and 0.14 per cent copper and an interval of 16.8 metres of 114.9 g/t silver, 1.72 per cent manganese, 0.95 per cent zinc, 0.87 per cent lead
and 0.05 per cent copper.
Infill hole
Hole HDS-120 is located at the extreme south end of the Hermosa
resource. This drill hole encountered four zones of significant silver
and/or manganese mineralization, including an upper zone that
intersected 27.4 metres from the surface of 55.3 g/t silver.
A summary of the drill results is provided in the associated table.
DRILL RESULTS SUMMARY
Holes From To Interval Cu Pb Zn Mn Ag
(metres) (metres) (metres) (%) (%) (%) (%) (g/t)
HDS-113 20.4 38.9 18.4 0.03 0.51 0.30 0.78 69.4
Includes 22.0 27.9 5.9 0.05 0.88 0.28 1.47 108.8
Includes 341 37.2 3.0 0.04 0.77 1.00 1.39 113.0
And 41.8 49.1 7.3 0.03 0.19 1.04 1.92 23.4
And 126.4 143.9 17.5 0.03 1.40 0.04 0.75 40.5
And 148.2 248.5 100.3 0.19 3.72 4.25 13.79 153.4
Includes 149.4 157.3 7.9 0.14 4.94 3.27 12.13 182.5
Includes 163.1 181.6 18.4 0.13 2.78 2.54 15.14 209.2
Includes 186.1 197.3 11.1 0.19 3.78 0.94 7.81 303.9
Includes 216.5 236.9 20.4 0.30 4.85 7.88 14.58 135.4
HDS-120 0.0 27.4 27.4 0.0 0.2 0.0 0.0 55.3
Includes 13.7 18.3 4.6 0.01 0.29 0.0 10.04 138.1
And 71.6 93.0 21.3 0.01 0.13 0.0 10.32 26.9
And 128.0 140.2 12.2 0.04 0.29 0.39 12.95 89.2
And 146.3 154.0 7.6 0.01 0.05 0.80 7.81 20.2
HDS-121 182.9 196.6 13.7 0.14 4.35 0.31 7.43 332.9
And 205.8 222.6 16.8 0.05 0.87 0.95 1.72 114.9
HDS-123 57.9 65.5 7.6 0.03 0.07 0.0 10.02 26.4
And 178.4 236.3 57.9 0.10 2.59 4.16 16.29 61.2
Includes 182.9 190.5 7.6 0.19 3.64 0.56 14.08 137.1
A complete listing of drill intercepts, location map and additional
details on the cross-sections will be available on the company's
website on March 31, 2011.
The company intends to continue to aggressively drill to the end of the
year as mineralization remains open in all directions. Exploration
efforts will primarily focus on step-out drilling with the objective of
significantly expanding the current resource. Wildcat now has four
drills operating on the property (two core and two reverse
circulation).
*Wildcat's silver project, formerly the Hardshell project, has been
renamed the Hermosa project. The new name reflects the increased size
and scope of the project since it was acquired, and the company believes
the new name more appropriately reflects the district rather than the
originally named historic mine.
Qualified person
Wildcat's drilling results have been reviewed, verified
and compiled by Don Taylor, MSc, PG, vice-president of exploration for
Wildcat Silver, a qualified person as defined by National Instrument
43-101 (NI 43-101). Mr. Taylor has more than 25 years of mineral
exploration and mining experience, and is a licensed professional
geologist in several states in the United States.
Assays and quality assurance/quality control
To ensure reliable sample results, Wildcat has a rigorous QA/QC (quality assurance/quality control) program
in place that monitors the chain of custody of samples and includes the
insertion of blanks, duplicates and certified reference standards in
each batch of samples. Core is photographed and split in half with
one-half retained in a secured facility for verification purposes.
Sample preparation (crushing and pulverizing) is performed at Skyline
Laboratories, an ISO/IEC accredited lab located in Tucson, Ariz.
Skyline Laboratories prepares two pulps of all samples and completes
analysis of one pulp sample by ICP for Cu per cent (copper), Pb per cent (lead), Zn per cent
(zinc) and Mn per cent (manganese). The second pulp is shipped to Inspectorate
Labs, an ISO: 9001-2008 accredited laboratory in Reno, Nev., where
the duplicate pulp is analyzed for Au (gold) and Ag (silver). Silver
values are determined by fire assay (one AT) with an AA finish. For all
samples that assay greater than 200 parts per million Ag, the sample is rerun using
fire assay (one AT) with a gravimetric finish. In certain holes Skyline
also completes analysis of the pulps for Au (FA/AAS) and Ag by (aqua
regia digestion and AA finish). If over 150 g/t, all silver assays are
redone using FA/grav finish at one AT.
We seek Safe Harbor.
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