Wildcat appoints William J. Pennstrom, Jr as Vice President
of Technical Services
VANCOUVER,
Aug. 5, 2011 /CNW/ - Wildcat
Silver Corporation (TSX: WS) ("Wildcat" or "the
Company") ("Wildcat" or "the Company") is pleased to
announce the appointment of William J. Pennstrom,
Jr. to the position of Vice President, Technical Services.
Mr. Pennstrom has more than 35 years experience in the management and engineering aspects
of mineral processing, specifically in extraction techniques that include
crushing, leaching, milling, gravity separation, flotation, SX/EW, pressure
oxidation, electrolysis, and smelting. His experience includes 20 years in
operations and 15 years as an engineering consultant.� Mr. Pennstrom has worked as
the technical or engineering consultant for a vast number of large scale
precious and base metal projects including International Tower Hill Mines'
Livengood project, the Donlin
Creek project, and Osisko's Canadian Malartic project. Mr. Pennstrom
holds a Bachelor of Science degree in Metallurgical Engineering and a Masters
of Arts degree in Business Management.� He is a Qualified Professional (QP) in Process
Metallurgy as defined under Canadian National Instrument 43-101.
Chris Jones, Wildcat's President and CEO,
said, "With Bill's operational track record, technical expertise and
extensive experience, he will be a significant asset to the development of our
Hermosa project.� This appointment is
particularly well timed as we continue with metallurgical optimizations this
year."
About Wildcat
Wildcat 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 five years of production.
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.