VANCOUVER, Dec. 29 /CNW/ - Wildcat Silver Corporation (TSX-V: WS) ("Wildcat" or "the Company") has granted 1,065,000 incentive stock
options to Directors, officers, employees and consultants of the
Company. The options are exercisable at $0.54 per share for a period of
five years expiring on December 29, 2015.
Wildcat Silver is a Canadian mineral exploration company focused on
development of Hardshell, its 80% owned silver-manganese project
located in Santa Cruz County, Arizona. The recently completed updated
preliminary economic assessment estimates average annual production
four million ounces of silver over an 18 year mine life at industry low
cash costs of negative $5.84 per ounce net of by-product credits. The
project currently has an indicated mineral resource of 6.0 million
tonnes averaging 187.8 grams per tonne silver and 6.83% manganese for a
total of 36 million ounces of silver and 410,000 tonnes of manganese,
in addition to an inferred mineral resource of 46.3 million tonnes
averaging 58.6 grams per tonne silver and 7.44% manganese for a total
of 85 million ounces of silver and 3.4 million tonnes of manganese.
Wildcat trades on the TSX Venture Exchange under the symbol WS.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS
The statements that are not historical facts are forward-looking
statements involving known and unknown risks and uncertainties that
could cause actual results to vary materially from targeted results.
Such risks and uncertainties include those described from time to time
in Wildcat's latest annual report and management discussion and
analysis. Wildcat assumes no obligation to publicly update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
CAUTIONARY NOTE CONCERNING INFERRED MINERAL RESOURCES
A preliminary economic assessment is preliminary in nature and includes
inferred mineral resources. Inferred mineral resources have a great amount of uncertainty as to their existence and as to their
economic and legal feasibility. It cannot be assumed that an inferred
mineral resource will have the economic consideration applied that would enable
it to be categorized in the mineral reserve category, and there is no certainty that the preliminary assessment will be realized.
For further information: For further information:
For additional information please visit www.wildcatsilver.com or contact:
Letitia Cornacchia, Vice President, Investor Relations and Corporate Communications
Telephone: +1 416 644 5084