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WILDCAT DRILL RESULTS INCLUDE 26 METRES OF 346.52 G/T SILVER, 12.24% MANGANESE, 3.16% ZINC, 4.22% LEAD AND 0.30% COPPER
VANCOUVER, Apr 18, 2011 (Canada NewsWire via COMTEX News Network) --
Wildcat Silver Corporation (TSX-V: WS) ("Wildcat" or "the Company") is pleased to announce the results for an additional 11 holes completed on the Company's Hermosa property located in Santa Cruz County, Arizona.
Of the 11 holes reported, seven holes are step-out holes (Hole HDS-117, HDS-118, HDS-128, HDS-130, HDS-131, HDS-133 and HDS-135). The Company continues to focus on increasing the width and length of the current resource and these results further support the extension of mineralization.
A complete list of drill intercepts, location map and 3D model of the Hermosa mineralization are available on the company's website at www.wildcatsilver.com.
I feel the same way...
Wildcat continues to defy gravity, its on an amazing run but its gotta come back down to earth sometime...doesn't it? I gotta take this off my watch list...makes me wanna beat my head on the desk every time I see it...lol.
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
VANCOUVER, Mar 24, 2011 (PR Newswire Europe via COMTEX News Network) --
VANCOUVER, March 24 /PRNewswire/ - Wildcat Silver Corporation ("Wildcat" or "the Company") is pleased to announce 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," Wildcat's President and CEO, Chris Jones said. "Further, in addition to the high grade silver we have encountered, we have also intersected significant intervals of by-product 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 g/t silver, 0.78% manganese, 0.30% zinc, 0.51% lead and
0.03% 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 intersected100.3
metres of 153.4 g/t silver, 13.79% manganese, 4.25% zinc, 3.72%
lead and 0.19% 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% manganese, 4.16% zinc, 2.59% lead and 0.10% 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% manganese, 0.31% zinc, 4.35% lead and 0.14% copper and an interval of 16.8 metres of 114.9 g/t silver, 1.72% manganese, 0.95% zinc, 0.87% lead and 0.05% 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 are provided below:
______________________________________________________________________
| | | From | To |Interval| Cu | Pb | Zn | Mn | Ag |
| Holes | |(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|0.01|0.04 |138.1|
|_______|________|________|________|________|____|____|____|_____|_____|
| and | | 71.6 | 93.0 | 21.3 |0.01|0.13|0.01|0.32 |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|0.01|0.02 |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 at www.wildcatsilver.com 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 The results of 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 US states.
Assays and Quality Assurance/Quality Control To ensure reliable sample results, Wildcat has a rigorous QA/QC 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, Arizona. Skyline Laboratories prepares two pulps of all samples and completes analysis of one pulp sample by ICP for Cu% (copper), Pb% (lead), Zn% (zinc) and Mn% (manganese). The second pulp is shipped to Inspectorate Labs, an ISO: 9001-2008 accredited laboratory in Reno, Nevada, where the duplicate pulp is analyzed for Au (gold) and Ag (silver). Silver values are determined by fire assay (1 AT) with an AA finish. For all samples that assay greater than 200 ppm Ag, the sample is re-run using fire assay (1 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 1AT.
About Wildcat Wildcat Silver is a Canadian mineral exploration company focused on development of Hermosa, its 80% owned silver project located in Santa Cruz County, Arizona. The project currently has an indicated mineral resource of 6.0 million tonnes averaging 187.8 grams per tonne silver for a total of 36 million ounces of silver in addition to an inferred mineral resource of 46.3 million tonnes averaging 58.6 grams per tonne silver for a total of 85 million ounces of silver. The Company has completed an updated preliminary economic assessment which contemplates an 18 year mine life with expected annual production in excess of 6 million ounces of silver for the first full six years of production.
I knew something big was in the works, just didn't know it would be SLW...
I started the board when she was at .55, i have this sheet on my desks of stocks to watch, I have it right next to AMY, AMY says .60 Wildcat says .55...
Damn IT!
I feel your pain. I looked at this back when it was around 65-70 cents and figured I'd wait for it drop a bit before getting in. It never did and here I sit watching this amazing run on the sidelines.
WILDCAT INITIAL DRILL RESULTS SUPPORT EXTENSION OF MINERALIZATION - HIGH SILVER GRADES REPORTED OVER EXTENSIVE INTERVALS
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Press Release Source: Wildcat Silver Corporation On Monday March 21, 2011, 3:45 am EDT
VANCOUVER, March 21 /CNW/ - Wildcat Silver Corporation (TSX-V: WS) ("Wildcat" or "the Company") is pleased to announce the results of the first three drill holes completed on the Company's flagship Hermosa property (formerly the Hardshell project)* located in Santa Cruz County, Arizona.
"We are very encouraged with these drill results," Wildcat's President and CEO, Chris Jones said. "Initial indications show that the size and extent of the Hermosa silver deposit is expanding. We plan to continue an aggressive drilling program throughout the remainder of the year and believe we can significantly increase the resource as the deposit remains open in all directions."
To date, 23 holes have been drilled for a total of 6,250 metres. At this time, three holes with full assays are available to be reported, of which two holes (Hole HDS-111B and HDS-119) are step-out holes.
Step-out hole HDS-111B is located on the western edge of the current resource and was successful in extending the known mineralization to the west. Hole HDS-111B intersected 19.8 metres of 282.8 g/t silver, 7.99% manganese, 1.64% zinc, 2.37% lead, and 0.17% copper within an interval of 32 metres averaging 186.2 g/t silver, 6.29% manganese, 1.29% zinc, 1.5% lead and 0.11% copper.
Of particular note, step-out hole HDS-119 was drilled to the northeast of the current Hermosa deposit suggesting that silver mineralization continues across the northwest-southeast American Fault. An upper zone encountered 6.1 metres averaging 377.2 g/t silver, 0.02% manganese, 0.02% zinc, 0.64% lead and 0.03% copper within an interval of 12.2 metres of 220.5 g/t silver, 0.10% manganese, 0.01% zinc, 0.61% lead, and 0.03% copper. In the lower mineral horizon, this hole encountered 9.1 metres of 305.5 g/t silver in addition to 21.12% manganese, 1.28% zinc, 2.39% lead, and 0.36% copper. This intersection was within a broader interval of 24.3 metres which averaged 139.9 g/t silver, 15.30% manganese, 5.75% zinc, 1.43% lead and 0.19% copper.
Hole HDS-122 is located in the southern extent of the current resource and confirms continuity between widely spaced holes in the southern portion of the deposit. Hole HDS-122 encountered 18.4 metres of 218.4 g/t silver, 8.64% manganese, 1.21% zinc, 0.70% lead and 0.05% copper.
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).
A summary of the drill results are provided below:
DH_ID From
(metres) To
(metres) Interval
(metres) Cu
% Pb
% Zn
% Mn
% Ag
g/t
HDS-111 13.7 45.7 32.0 0.11 1.5 1.29 6.29 186.2
includes: 13.7 33.5 19.8 0.17 2.37 1.64 7.99 282.8
HDS-119 47.3 59.5 12.2 0.03 0.61 0.01 0.10 220.5
includes: 48.8 54.9 6.1 0.03 0.64 0.02 0.02 377.2
and 166.2 190.5 24.3 0.19 1.43 5.75 15.30 139.9
includes: 166.2 175.3 9.1 0.36 2.39 1.28 20.12 305.5
HDS-122 99.0 117.4 18.4 0.05 0.70 1.21 8.64 218.4
* Wildcat's flagship property, 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
The results of 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 US states.
Assays and Quality Assurance/Quality Control
To ensure reliable sample results, Wildcat has a rigorous QA/QC 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, Arizona. Skyline Laboratories prepares two pulps of all samples and completes analysis of one pulp sample by ICP for Cu% (copper), Pb% (lead), Zn% (zinc) and Mn% (manganese). The second pulp is shipped to Inspectorate Labs, an ISO: 9001-2008 accredited laboratory in Reno, Nevada, where the duplicate pulp is analyzed for Au (gold) and Ag (silver). Silver values are determined by fire assay (1 AT) with an AA finish. For all samples that assay greater than 200 ppm Ag, the sample is re-run using fire assay (1 AT) with a gravimetric finish.
About Wildcat
Wildcat Silver is a Canadian mineral exploration company focused on development of Hermosa, its 80% owned silver project located in Santa Cruz County, Arizona. The project currently has an indicated mineral resource of 6.0 million tonnes averaging 187.8 grams per tonne silver for a total of 36 million ounces of silver in addition to an inferred mineral resource of 46.3 million tonnes averaging 58.6 grams per tonne silver for a total of 85 million ounces of silver. The Company has completed an updated preliminary economic assessment which contemplates an 18 year mine life with expected annual production in excess of 6 million ounces of silver for the first full six years of production.
Only a matter of time imo...
AMY is a bigger deposit and much closer to production...
Yes, AMY is puzzling to me - with all the good news surrounding it, it has not pushed past 0.80 yet... WS looks very good! I like that SilverWheaton got in at-buck-30!
Thanks! This was .55 when i first started looking, I bought AMY instead, AMY best not prove me Wrong!
The video on the link you provided, the volume gets cut off after the introduction.
here's a the same video on youtube that gives the complete volume:
Holy Chit! No wonder SLW!!!!
WILDCAT ANNOUNCES $13 MILLION PRIVATE PLACEMENT WITH SILVER WHEATON
VANCOUVER, March 7 /CNW/ - Wildcat Silver Corporation (TSXV:WS.V) ("Wildcat" or "the Company") has entered into an agreement with Silver Wheaton Corp. ("Silver Wheaton") for a $13 million private placement of 10 million shares at a price of $1.30 per share.
As part of the agreement, Silver Wheaton has a right of first refusal over any silver stream or royalty financing that Wildcat may choose to sell from its Hardshell project located in Arizona.
"We are pleased to enter into this agreement with Silver Wheaton," commented Chris Jones, Wildcat's President and CEO. "This agreement provides additional support in our belief that Hardshell is a superior asset with significant potential and also further strengthens our balance sheet. As we continue with our exploration program, we remain focused on notably expanding the current resource."
Proceeds from the private placement will be used for general working capital purposes. The above agreement is subject to regulatory approval.
About Wildcat
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.
Hardshell Property Video
http://goldbasics.blogspot.com/2011/02/wildcat-silver-corporation.html
Just let it ride, just let it ride. This is only going to get better.
I've been trying to figure out why this ran so hard. Was it just a P&D? I haven't seen any newsletters or websites promoting it. What is your take on the run this month?
Nope I don't know what is up, great move though!
I've searched for news or rumors and can't find anything but this amount of volume and rise in pp is usually indicative of news coming soon. Do you know anything?
Older but good read...
Wildcat Silver Corp. Featured in Winston's Growth Stock Report
Wildcat silver (WS, TSX.V)
(EMAILWIRE.COM, July 16, 2009 ) Vancouver, BC - Highlights:
- 53.6M ounces of Silver at 5.2 Ounce per tonne
- 1.2B lbs of Manganese at 6.26%
- Market Capitalization - $44M
Last month I spoke with Chris, the CEO of Wildcat Silver. And no, we weren't talking about silver as you might assume but rather manganese, the fourth heaviest traded metal in the world. Though the manganese is in high demand there has been no way for a stock market investor to directly profit from this business. Until now that is.
The management of Wildcat is planning on proving up, developing and starting production of the only U.S. based supply of manganese sulphate that can be sold into the lucrative chemicals and agriculture market. The potential domestic buyers of the product will be the U.S. based manufacturers of lithium-ion batteries and fertilizer companies who have been importing manganese sulphate from South Africa and Australia.
To achieve their goal of becoming a profit-driven enterprise, Wildcat management has plans to fast track their Hardshell project in Arizona. This year they want to further test the deeper sulphide zone of the ore body where they have had some previous success.
For early investors, this could provide rapid capital gains as the Hardshell project moves forward.
Let's do a quick review of manganese then take a look at how Wildcat could be a profitable investment.
About Manganese
Though most investors probably have never heard of manganese, it is the fourth most traded metal in the world at 31 million tons per year following iron, aluminum and copper. The U.S. consumes 675,000 tons per year all of which is imported, mostly from Africa.
Manganese is used in steel alloys to increase many favorable characteristics such as strength, hardness and durability. In fact steel cannot be produced without manganese. There is no substitute for it and it is an essential ingredient in the manufacturing process. As consumers, numerous products we buy use manganese in its construction, from aluminum beverage cans to portable batteries.
After steel the second most important market for manganese, is for the production of portable dry batteries and fertilizers. And it is this specific market that Wildcat intends to sell its production as there is not a single source of this form of Manganese available in the United States.
Wildcat Silver – The Hardshell Deposit in Arizona
The Hardshell property is located about 80 kilometers southeast of Tucson, Arizona, approximately 13 kilometers north of the U.S. border with Mexico.
Though Wildcat is primarily a manganese play, the origins of the deposit were focused on silver as you no doubt have guessed. The Hardshell deposit was first discovered in 1879 and production began from 1896 through to 1964 generating about 35,000 tons with an average grade of about eight ounces of silver per ton. Not a bad little silver operation.
Close by, Asarco ran the Trench mine between 1939 and 1964. The Hardshell property was first used as a source of water for the Trench mill. Later Asarco did some exploration work on Hardshell including drilling from 1964 until about 1980. In total 104 percussion and core holes were drilled, with an aggregate length of 13,088 metres. A mineral inventory calculated by Asarco in 1984 estimated a resource of 9,596,000 tons with an average grade of 6.9 ounces per ton silver.
Up to 1984, the emphasis was still just on silver. The fact that the property also contained significant manganese with zinc and copper also present seemed irrelevant at the time.
Arizona Minerals, a privately held company acquired the property from Asarco in 1996. In 2006, Wildcat Silver purchased 80% of Arizona Minerals for $10 million.
However the current management team of Wildcat is focusing on a much bigger and overlooked opportunity. A 2007 report by Pincock, Allen & Holt ("PAH") cited an inferred resource of 53.6 million ounces of silver and 1.2 billion pounds of manganese. PAH outlined 10.3 million tons of ore grading 5.2 ounces per ton silver, 1% zinc, 0.05% copper and 6.26% manganese. More drilling and engineering continued over the months and in August of 2008 an updated technical report was done which showed the potential not only for silver mining but also the previously overlooked high grade manganese:
6.7 million tons grading 6.7 ounces per ton silver, 1.4% zinc, 0.08% copper, and 9 % manganese
Open pit operation
1,500 tons per day or 495,000 tons per annum
13.5 years mine life
Net present value $295 million (5% discount/pre-tax)*
Work done in 2008 also found the potential for new mineralized zones deeper down below the known mineralized manto. Exploration drill holes going down to 146.9 metres returned 5.49 metres grading 214 grams per ton silver, 10.91% zinc, 6.71% lead and 19.16 % manganese. Deeper still, another new zone was discovered starting at 183 metres returning 20.73 metres of 86 grams per ton silver, 2.14% zinc, 0.92% lead, and 6.25% manganese. Wildcat completed metallurgical test work last year which included lead recoveries of more than 80% which had not been included in previous economic evaluations.
Given the byproducts of silver, zinc, and lead; the production costs for producing manganese will very possibly be zero.
This year more drilling will be done to upgrade the resource from "inferred" status to "measured and indicated." Also the edges of the deposit will be tested to possibly expand the dimensions of the known resource and other deeper manto zones will also be tested.
Management
Given Wildcat's goal of becoming a producing mining company in a relatively short period of time, they will need a very experienced management team. Investors can be assured they have the right team in place to get the job done.
Chris Jones is the President & CEO and has more than 25 years leadership experience in surface and underground coal, precious and base metals, and oil sands operations in the US and Canada –most recently COO for AlbianSands Energy. BSc in Mine Engineering from South Dakota School of Mines, MBA from Colorado State University, RegisteredProfessional Engineer in Utah and Alberta.
Richard W. Warke (Chairman) is the founder of Augusta Resource Corporation with more than 20 years experience in corporate finance, administration and marketing in the resource sector. Also chairman of Ventana Gold (VEN-TSX) which is very well known to subscribers.
R. Stuart Angus is an Independent business advisor, past partner and head of global mining group at Fasken Martineau – board member of Ventana Gold. (VEN-TSX)
John R. Brodie is formerly a partner at KPMG LLP, elected a fellow for distinguished service to the profession by the Institute of Chartered Accountants of British Columbia. Currently provides consulting services and serves as a director in several public companies.
Donald Clark has 35 years experience in the finance industry, the majority in Canadian banking and currently sits on the Board for two other natural resource companies including Ventana Gold (VEN-TSX)
Robert Wares is a professional geologist with more 25 years experience in mineral exploration and research. He is currently Executive Vice-President and COO of Osisko Exploration Ltd.
Susan Rubin is the Chief Financial Officer and a Chartered Accountant registered with the Institute of Chartered Accountants of B.C., with more than 20 years financial, consulting and operational experience with a number of public companies in the high-tech, biotech and oil and gas industries.
Meghan Brown is the Manager, Investor Relations and has more than 15 years experience in the mining and energy sectors, working with a wide range of companies including Ventana Gold, Augusta Resource Corp, Suncor, TransCanada and Placer Dome.
Summary
Previous work done by Pincock in 2007 reported a resource of 54 million ounces of silver and 1.2 billion pounds of manganese. However there were no calculations done to include gold or lead which gives investors an interesting possibility of having zero cash costs for mining the manganese and possibly lower cash costs for mining the silver as well. In other words, greater profitability.
The company has 108 million shares outstanding with management and insiders owing 29%. Wildcat is debt free.
The surrounding area of the mine has an excellent infrastructure of roads, rail, power, water and an experienced mining workforce. The claim holding area covers 154 acres with surface and mineral rights owned outright. This area is surrounded by 147 contiguous unpatented claims totaling 2,769 acres.
This year Wildcat will work toward the final feasibility on the Hardshell project. Given the positive preliminary assessment showing a low cost of production, excellent potential for expanding the resource, a very experienced management team, and the ability to market their company to retail and institutional investors, Wildcat Silver stands to become another high potential stock for our readers.
For additional information
INVESTOR RELATIONS CONTACT:
Arlen Hansen
Kin Communications
604-684-6730
1-866-684-6730
ir@kincommunications.com
http://www.kincommunications.com/
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http://www.wildcatsilver.com/
Wildcat Silver Corporation is a Vancouver-based mineral exploration company with an 80% interest in the Hardshell property in Arizona. Hardshell hosts silver, manganese and zinc mineralization.
Hardshell contains an indicated mineral resource estimate 36 million ounces of silver and 410,000 tonnes of manganese, plus an inferred resource totalling 85 million ounces of silver and 3.4 million tonnes of manganese.
In 2010, Wildcat updated Hardshell's Preliminary Economic Assessment which continued to demostrate the project's robust economics.
Hardshell is expected to produce an average of 4.1 million ounces of silver and 233,000 tonnes of manganese annually over its 18 year life.
Wildcat trades on the TSX Venture Exchange under the symbol WS or Pink WLDVF
Basic shares outstanding | 105.6 million |
Warrants | 16.2 million |
Options | 6.4 million |
Fully diluted | 128.2 million |
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Last Trade Time: |