Wildcat Exploration Extends Gold Mineralization to 350 m south-east of the Jeep Mine Shaft.

    WINNIPEG, March 19 /CNW/ - Wildcat Exploration Ltd. (WEL - TSX.V)
reported today that it has received complete assay results from holes
JP-06-05, JP-06-06 and JP-06-07. All three holes intersected gold-bearing
quartz veins that are interpreted to represent the southeastern prolongation
of the No.1 vein of the former Jeep Gold Mine (see table below).
    The drill holes extend from between 200 to 350 meters southeast of the
Jeep Mine shaft. All holes were drilled to test the southeastern extension of
the No.1 gold-bearing quartz vein of the former Jeep Gold mine, and tested for
Ni-Cu-PGE concentrations within the disseminated and massive sulphides
surrounding this vein.
    Significant widths of Au-Ni-Cu-PGE mineralization have also been
intersected including 10.0 meters in hole JP-06-05 assaying 0.44 gpt Au,
2.4 gpt Ag, 0.31% Cu, 0.13% Ni, 124 gpt Co, 49 ppb Pd and 29 ppb Pt from 263.0
to 273.0 meters.

    Intersected widths and gold concentrations of interpreted No.1 vein

    Drill Hole         From             To       Intersected width      Gold
    No.              (meters)        (meters)        (meters)           (gpt)
    JP-06-05          219.15           219.8            0.65           109.9
    JP-06-06          249.42          249.72            0.30            2.29
    JP-06-07           217.8           218.1            0.30            0.38
    (*) True widths have yet to be determined

    Three separate mineralized zones have been identified containing
anomalously elevated Ni-Cu-PGE values in holes JP-06-05, JP-06-06 and possibly
JP-06-07. The mineralized zones are hosted within sulphide-bearing gabbro to
diorite characterized by locally abundant inclusions of partially digested
rock fragments.


    Two zones of anomalous Ni-Cu-PGE values were intersected in this hole.
The first zone was intersected from 221.55 to 224.55 m downhole and assayed
0.16 gpt Au, 2.07 gpt Ag, 0.18% Cu, 0.11% Ni, 101 ppm Co, 48 ppb Pd, 28 ppb Pt
over 3.0 meters. This mineralized interval is 1.65 meters downhole from the
gold intercept previously reported (see Wildcat Press Release dated
December 11, 2006) of 109.5 gpt Au over a core length of 0.78 meters from
219.12 to 219.9 meters downhole.
    The second zone is an extensive interval from 263.0 to 273.0 meters,
which assayed 0.44 gpt Au, 2.4 gpt Ag, 0.31% Cu, 0.13% Ni, 124 ppm Co, 49 ppb
Pd, 29 ppb Pt across 10.0 meters. Including 1.0 meter of 0.91 gpt Au, 4.6 gpt
Ag, 0.89% Cu, 0.18% Ni, 160 ppm Co, 70 ppb Pd, 70 ppb Pt from 270 to
271 meters.


    Two zones of anomalous Ni-Cu-PGE mineralization were also intersected in
JP-06-06 and may correlate with the three Ni-Cu-PGE zones intersected
50 meters northwest in hole JP-06-05.
    The first zone was intersected from 93.87 to 94.8 meters and assayed
0.1 gpt Au, 2.2 gpt Ag, 0.14% Cu, 0.09% Ni, 50 ppb Pd, 60 ppb Pt over
0.93 meters.
    The second zone assayed 0.03 gpt Au, 1.94 gpt Ag, 0.33% Cu, 0.08% Ni,
79 ppm Co, 23 ppb Pd, 56 ppb Pt over 4.94 meters from 303.5 to 308.44 meters.
Included in this intersection are 1.08 meters of 0.03 gpt Au, 0.14 Pt, 40
ppb Pd, 2.4 gpt Ag, 0.15% Cu, 0.28% Ni, 180 ppm Co from 305.8 to 306.88


    This hole was drilled 50 meters southeast of JP-06-06.
    The mineralized interval intersected from 270 to 272 meters downhole
assayed 0.41 gpt Au, 3.0 gpt Ag, 0.26% Cu, 0.31% Ni, 50 ppb Pd, 55 ppb Pt and
84 ppm Co over 2 meters. This interval may correlate with the second zone
intersected in holes JP-06-05 and JP-06-06.
    Another mineralized interval from 288.47 to 289.47 meters assayed 0.1 gpt
Au, 1.6 gpt Ag, 0.09% Cu, 0.15% Ni, 30 ppb Pd, 25 ppb Pt and 98 ppm Co over
1.0 meter.
    A significant gold intercept was cored in a quartz vein from 291.8 to
292.1 meters, which assayed 7.61 gpt Au over 0.30 meters. Another gold
intercept from 308.9 to 309.7 meters assayed 2.67 gpt Au over 0.8 meters.
    Currently, hole JP-07-20 is being drilled and assays are pending for all
remaining holes. The remaining drill results will be released upon receipt and
analysis of the data.

    Wildcat's 2007 exploration program on the Jeep Property is being managed
by Tim Tuba, P.Geo. and Peter Theyer, P.Geo.; both are Qualified Persons as
defined by NI 43-101. Drill cores are to be cut in half using a diamond saw,
with one-half placed in sealed bags, and delivered to TSL Labs facility in
Saskatoon, Saskatchewan. A sample quality control/quality assurance program
has been implemented. All technical information in this release has been
reviewed by Tim Tuba, P.Geo. as the Qualified Person on behalf of Wildcat.

    Wildcat is a Winnipeg-based mineral exploration company actively
exploring for gold and base metals in Canada. For further information on the
Company please visit our website at www.wildcat.ca or contact us at

    On behalf of the Board

    "Jerrold Siemens"
    Interim President and CEO

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.

    This news release may contain forward-looking statements based on some
assumptions and judgments regarding future events or results. Such statements
are subject to a variety of risks and uncertainties which could cause actual
events or results to differ from those reflected in the forward-looking
statements. The Company disclaims any intention or obligation to revise or
update such statements.

    %SEDAR: 00014885E

For further information:

For further information: Wildcat Exploration Ltd., Jerrold Siemens,
President and CEO, e-mail: j.siemens@wildcat.ca, Unit 203-1780 Wellington
Avenue, Winnipeg, Manitoba, R3H 1B3, Phone: (204) 944-8916, Fax: (204)
944-8918; Additional Information: info@wildcat.ca; Company website:

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890