Wildcat Announces Project Update and Drill Results
Wildcat Silver Corporation (WS.TO) announced the results for eight 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. The Company is also announcing that it now expects to issue its updated resource estimate and preliminary economic assessment for the Hermosa project in early 2012.
Highlights included: HDS-214, located in the east central portion of the Hermosa ore body, demonstrates significant silver and manganese mineralization. This hole encountered three intervals with the upper interval returning 9.1 metres of 395.2 g/t silver, 8.46% manganese, 0.15% zinc, 2.96% lead and 0.22% copper; HDS-216, also located in the east central portion of the Hermosa ore body, returned 10.7 metres of 310.0 g/t silver, 10.81% manganese, 0.17% zinc, 4.36% lead and 0.19% copper; HDS-203, located in the northeast central portion of the Hermosa ore body, encountered three intervals of mineralization. The middle zone returned an extensive interval of 35.1 metres of 160.4 g/t silver, 12.45% manganese, 4.52% zinc, 2.79% lead and 0.26% copper. The Company continues to drill on the Hermosa property and remains focused on expanding the size and upgrading the quality of the current resource. Wildcat's current cash position remains strong and the Company expects it will be sufficient to fund its planned activities through 2012.
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