Wildcat Exploration senior management takes 50% pay cut

2009-01-15 14:32 ET - News Release

Mr. John Knowles reports

WILDCAT EXPLORATION LTD. TECHNICAL ADVISORY PANEL MEMBER, DR. PAUL G. SPRY, TO SPEAK ON BROKEN HILL TYPE (BHT) DEPOSITS AT PDAC

Dr. Paul G. Spry, a member of Wildcat Exploration Ltd.'s technical advisory panel, will be presenting a paper entitled, "A Reclassification of Broken Hill Type Pb-Zn-Ag Deposits," at the Prospectors and Developers Association of Canada (PDAC) concerning new research developments in the understanding of the formation of Broken Hill-type (BHT) zinc-lead-silver deposits.

This paper will be presented at the upcoming convention, to be held March 1 to 4, 2009, in Toronto. Dr. Spry, a professor at Iowa State University, is a world-renowned expert on the genesis of these deposit types. The PDAC convention is one of the largest events of its kind for the world mining and exploration community.

Dr. Spry continues his research on the company's Foster River Zn-Pb-Ag exploration project. In an interim report (see news in Stockwatch dated May 14, 2008), Dr. Spry concluded that: "The rare earth elements (REE) distribution patterns of a marker horizon, that persistently accompanies the Zn-Pb-Ag-bearing rocks in the Foster River property, suggest that they are silicate-facies iron formation rather than mafic igneous rock as previously proposed. This finding is positive, as iron formations are known to commonly accompany and/or host BHT deposits. Quartz garnetite rocks found in various locations of the Foster River property show REE distribution patterns and mineralogies that are identical to quartz garnetite rocks found in, and adjacent to, BHT deposits elsewhere in the world. The stratigraphic location of these rocks at Foster River indicates that at least two specific areas of the property, Sito East and Fable Lake, contain a footwall hydrothermal alteration zone which could be interpreted as a pathway for mineralizing fluids."

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