Wildcat announces additional drill results, extends Upper Silver Zone mineralization
VANCOUVER, April 25, 2012 /CNW/ - Wildcat Silver Corporation (TSX: WS) ("Wildcat" or "the Company") is pleased to announce the results for 21 additional holes completed on the Company's Hermosa property located in Santa Cruz County, Arizona. Results continue to support the expansion and upgrading of the current Hermosa resource, particularly highlighting the potential of the recently discovered Upper Silver Zone.
Highlights
Holes HDS-221, 223, 230, 233 and 234 are located to the southeast of the Hermosa resource area and successfully extended the Upper Silver Zone. Significant Upper Silver Zone mineralization includes HDS-223 which returned 16.8 metres of 92.7 g/t silver and HDS-230 which returned 12.2 metres of 136.8 g/t silver.
Hole HDS-201, located on the northeast corner of the patented claims, extended both the Upper Silver and Manto Zones to the northeast. Holes HDS-195 is also located in the northeast and encountered Upper Silver Zone mineralization intersecting 8.8 metres of 75.8 g /t silver.
Holes HDS-219 and HDS-227, located in the centre of the resource, and Holes HDS-218 and HDS-222, located in the south of the resource, all encountered Upper Silver Zone and Manto Zone mineralization, returning significant silver and manganese values. The best intervals encountered in the Manto Zone include:
Hole 218 returned 19.8 metres of 120.9 g/t silver, 6.58% manganese, 0.32% zinc, 0.66% lead and 0.11% copper.
Hole 219 returned 27.4 metres of 108.0 g/t silver, 15.50% manganese, 1.62% zinc, 1.75% lead and 0.08% copper.
Hole 222 returned 17.7 metres of 189.9 g/t silver, 8.59% manganese, 1.25% zinc, 0.86% lead and 0.06% copper.
Hole 227 returned 21.3 metres of 174.7 g/t silver, 14.43% manganese, 0.90% zinc, 2.79% lead and 0.20% copper.
The Company's most recent drill program, which was initiated in December 2010, was completed in March 2012, having drilled 216 holes for a total of approximately 55,884 metres. A total of 54% of the drill and assay values were included in the February 2012 mineral resource estimate for the Hermosa project. Wildcat expects to provide a further update to the current mineral resource to incorporate all of the drilling in the third quarter of this year.
A summary of the drill results is provided below. Please also see attached map.
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http://www.wildcatsilver.com/Theme/Wildcat/files/doc_news/04%2025%202012%20Drill%20Holes%20FINAL_v001_o502t7.pdf