The four holes shown in the table
above totalled 4,459 feet of diamond drilling in the main Hardshell deposit,
with the fifth exploration hole drilled on trend to the northwest. The results from the new holes intercepted similar geology and mineralization over comparable intervals to that
previously drilled within the Main Manto zone. These intercepts were characterized by
high Ag, Pb, Zn, and Mn grades, subject to natural grade variations
characteristic of these types of deposits.
The results of this validation drilling confirmed the general viability
of the historic drill results.
Wildcat plans to follow up with
further drilling programs in the near term in order to provide additional infill
holes within the deposit, to better delineate the margins, and to further
examine other deeper manto zones.
Qualified
Person
These drill results have been
prepared under the guidance and supervision of Mark Stevens. Mr. Stevens, who is the designated
Qualified Person with the ability and authority to verify the data herein, has
25 years of technical experience in the exploration, evaluation, and mining of
base and precious metals. He holds his Bachelor of Science in Geology from
Colorado State University, and his Masters of Science in Geology from the
University of Utah.
Warrant
Extension
The Company has extended the expiry
date of 6,200,000 outstanding share purchase warrants, expiring between March 13
and March 16, 2008, to the earlier of August 31, 2008 or the date which is 90
calendar days from the date of listing on a stock exchange or a trading and
quotation system not including Canadian Trading & Quotation System Inc. All
other terms and conditions remain unchanged.
ABOUT
WILDCAT SILVER CORPORATION – Wildcat is developing the Hardshell
silver project in Santa Cruz County, Arizona, USA. The Hardshell property is held by
Arizona Minerals Inc., of which Wildcat is an 80 percent owner. The Company initiated a 7,500 foot
(2,288 meter) drill program in July 2007 after publishing a positive preliminary
assessment (“PA”) by Pincock Allen & Holt earlier in the year. The PA cited a substantial inferred
resource of nearly 1.2 billion pounds of manganese along with 53.5 million
ounces of silver (10.3 million tons @ 6.26% manganese and 5.18 ounces per ton
silver). Wildcat trades on the CNQ
Exchange in Canada under the symbol WILD.
For additional information please
visit www.wildcatsilver.com
or contact:
Marlo Hamer-Jackson, Investor
Relations Manager
Phone: (604)
484-3597
Fax: (604) 687-1715
|
/s/
Donald B. Clark |
|
Donald
B. Clark
|
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 the Corporation's latest annual
report and management discussion and analysis. The Corporation assumes no
obligation to publicly update any forward-looking statements, whether as a
result of new information, future events or otherwise.
The CNQ
has not reviewed and does not accept responsibility for the adequacy or accuracy
of this release.