The portion of the Poundmaker property that is excluded from the option agreement with Marum Resources is called the Mike Power property, the eastern boundary of which is approximately 5 km northeast of the Rice Lake Gold Mine. The property straddles the Gold Creek shear zone and consists of mafic to intermediate tuffs and minor amounts of fine grained sediments. It has many positive geological attributes, including an abundance of disseminated sulphides visible in outcrops and corroborated by an IP survey in 2007.

2006 - In May 2006, Wildcat completed a multi-element MMI soil geochemical survey, initiated in 2005, on the Mike-Power grid in the southern portion of the Poundmaker property. The survey has outlined and interpreted a significant geochemical anomaly which may indicate that it is related to a buried gold-silver mineralized structure.
The anomaly appears to be spatially associated with the Gold Creek Shear zone (GCSZ). Field mapping conducted in the summer of 2005, in the area of the GCSZ, outlined significant sericite and ankerite alteration proximal to the MMI anomaly.
MMI geochemistry is a relatively new technique developed to detect bedrock-hosted precious and base metal mineralization buried under thick overburden cover. This enables pinpoint exploration and reduces diamond drill costs.
From the MMI results and field mapping conducted in the summer of 2005, a diamond drill hole targeted the southeastern portion of the MMI anomaly within the GCSZ. The hole intersected several narrow zones of multi-phase quartz-tourmaline breccia veins and associated strongly altered rocks with an assemblage comprising sericite – chlorite – ankerite – quartz – pyrite with minor intervals of strong silicification. Zones of high strain, including mylonite, associated with the GCSZ were also intersected. The 2006 survey expanded the 2005 anomaly to the east for an additional 550 m and a total strike length of about 1 km. The combined characteristics of the 2005 and 2006 MMI survey indicate the gold anomaly has responses of up to 86 times background and is coincident with a 20-times background silver anomaly.

2007 - In September, 2007 Wildcat commissioned cutting of a grid of approximately 43 line kilometers on the “Mike Power” project area of the Poundmaker property located approximately 6 km west of Bissett. Line cutting was followed by an IP survey targeting disseminated sulphides hosted by mafic volcanic rocks cut by the Gold Creek Shear Zone. An MMI survey in 2005-06 that defined two widespread positive metallic anomalies along Gold Creek, the results of two holes drilled in 2005 that intersected abundant quartz and tourmaline-bearing veins hosted by strongly altered and sheared rocks and rock samples returning up to 9 g/t gold retrieved from a quarry in the vicinity (Rat Quarry) encouraged the Company to plan a drilling program targeting a number of sulphide concentrations outlined by the IP survey. Drilling on this project started on November 11, 2007 and continued into 2008.

2008 - Six holes with a total length of 3,329m were drilled on this project from December 2007 through April 2008. Analytical assay results of three of the holes drilled have been received, with the remaining assays pending. None of the first three holes intersected mineralization of economic value.
The cause of the IP anomalies was explained by subtle variations in the concentration of disseminated pyrrhotite within the tuffs. The reasons for the existence and location of the two MMI anomalies on the project area are not satisfactorily explained; however, the anomalies may have been generated by contamination from the highway and/or creek or may have been displaced by glacial redistribution of sediments.

Wildcat is currently evaluating all of the potential causes of the MMI anomalies in relation to the IP anomalies and the drilling results to determine the next steps on this property.