A Highgrade silver project in ArizonaHighlights from Wildcats drill program:
41.1 m 270.2 g/t ag 6.25% mn
Includes 6.1 m 1450.7 g/t ag 17.26% mn
70.1 m 344.9 g/t ag 6.29%mn
Includes 19.8 m 808.2 g/t ag 15.50% mn
36.6 m 345.5 g/t ag 10.19% mn
19.8m 983.9 g/t ag 6.85% mn
29.0m 358.6 g/t ag 18.57% mn
49.99m 239 g/t ag 11.62% mn
71.90m 193 g/t ag 5.07% mn
22.86m 369 g/t 9.45% mn
Drill hole number 99 discovered previously unknown mineralization below the Main Manto, starting
at 146.9 meters (‘m’) of 5.49 m of 214 gram per ton (‘g/t’) Ag, 10.91% Zn, 6.71% Pb and 19.16 % Mn. In addition, a deeper new zone was discovered starting at 183 m returning 20.73 m of 86 g/t Ag, 2.14% Zn, 0.92% Pb, and 6.25% Mn. These new intercepts demonstrate the exploration potential for intercepting deeper mineralized zones.
https://www.wildcatsilver.com/upload/News%20Releases/02-27-08_WILD_NRF_DrillResults.pdf
Resources
The PA report calculates an inferred resource of 10,300,000 tons:
Silver 5.2 oz/ton – 53.6 M ounces
Zinc 0.99%
Copper 0.05%
Manganese 6.26%
Planned Annual Production
Silver (oz) 2,750,000
Zinc (lbs) 12,600,000
Copper (lbs) 670,000
Manganese (lbs) 84,400,000
13.5 years mine life
Net present value $295 million (5% discount/pre-tax)*
2009 Outlook
Our primary focus for 2009 will be to advance the Hardshell project into a pre-feasibility study. We were
encouraged by the results of our 2008 drill program and will now look for opportunities to raise funds for a second phase of drilling. This next phase will include in-fill drilling to better understand the orebody. We also plan to complete metallurgical studies in order to further define the processing flowsheet for the project. At the same time we will be looking to secure a larger land position for further exploration.
Recognizing the need to achieve greater exposure to institutional and retail investors and generate a broader shareholder base, we moved Wildcat from the CNQ to the TSX Venture Exchange in September 2008. Since that time markets have collapsed and Wildcat has not been exempt from the volatility. While our share price is not at a level we believe accurately reflects the value of our asset, we are confident in our ability to deliver value to shareholders as the project moves forward. We are working hard to communicate openly with investors and customers in order to return the share price to a fair valuation level.
Share structure
Basic Shares Outstanding: 83,332,631
Convertible Securities (options): 3,125,000
Fully Diluted: 86,457,631
Management ownership 32.7%