The former Wildcat Exploration Ltd HUB On AGORACOM

The company is now known as FUSE Cobalt.

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Message: Q2 Report from MD&A - Bissett Area

Q2 Report from MD&A - Bissett Area

posted on Sep 02, 2009 11:49PM

Jeep - Activities in 2009

To date during 2009 the Company has compiled all available geological, geochemical and geophysical data on the Jeep property and entered these into a software program capable of three-dimensional projection of these data. These projections suggest tentative spatial relationships between the locations of the underground workings of the former Jeep Gold Mine and of gold-bearing drill hole intercepts (including historic drilling results and Wildcat’s more recent results) leading to the definition of well constrained areas on the surface characterized by an enhanced possibility of hosting gold mineralization. Intense scrutiny of these areas revealed, in cases, evidence of historic trenching and pitting. Ongoing follow up activities consisting of mechanical and hydraulic surface stripping have, to date, exposed three separate mineralized showings that are currently being systematically sampled and chemically assayed.
Expenditures on the Jeep property during the quarter and the six month period ended June 30, 2009 involved compilation and modeling of mineralization on the property. Field sampling was initiated during the quarter to investigate outcrops where the Company’s modeling suggested the presence of mineralization. A detailed analysis of the projections of this data suggests the existence of predictable distribution patterns of quartz veins and the possible location of mineralized intersects.

Jeep - Activities Contemplated for the Future
Subject to the results of assays and geological interpretations generated from the current systematic outcrop stripping and rock sampling campaign, the Company intends to investigate the extent and concentration of mineralization will be by drilling programs in late 2009 and winter 2010.

Poundmaker - Activities in 2009

Exploration work pursuant to the StrikePoint’s work obligation under the Poundmaker option agreement is under the direction of the optionee. During 2009 StrikePoint commissioned a LIDAR survey of the Poundmaker property. This survey, using a laser on an airborne platform as a scanner, is capable of outlining subtle topographical features that could provide additional clues to the interpretation of areal structural controls. Following completion of the survey, which is being analyzed, StrikePoint personnel has been deployed in the field since June.

Mike Power - Activities in 2009

No activities were undertaken on this property during the period discussed in this report.

Mike Power - Activities Contemplated for the Future
Wildcat will continue evaluating the mineral potential of this property. Progress in the development of deep penetrating remote sensing equipment might be the key to determine the origin of the prominent geochemical anomalies that characterize this property.

Siderock - Activities in 2009

Wildcat prepared a multi-page pamphlet containing the geologic and economic highlights of this property and undertook field surveys to a) investigate the purported existence of sulphide-bearing komatiites and their potential to contain Ni Cu mineralization and b) to collect rock samples of the previously recognized gold bearing units.

Siderock - Activities Contemplated for the Future
This property, with an established gold potential and a tentative komatiite-related Ni Cu potential, will continue to receive the Company’s attention in the future. Currently the Company’s resources and manpower are directed to other projects and no significant programs are planned during the remainder of the year.

Garner Property - Activities in 2009

A planned joint study of the Garner Lake area gold occurrences, involving the Provincial Geological Survey and the University of Waterloo was postponed until a suitable candidate to undertake this project is identified.

Garner - Activities Contemplated for the Future
A field visit under the guidance of Dr S. Anderson of the Provincial Geological Survey who geologically mapped the Garner Lake area, undertaken in June, verified the existence of a komatiite-related Ni-Cu potential. While continuing to investigate the property’s gold potential, to address fundamental geological and geochemical questions, a program of rock sampling, mapping and evaluating is necessary before Wildcat commits launching a substantial exploration effort for Ni Cu in this property. This preliminary program will be undertaken when manpower and time resources are identified.

Mable Lake (Ramrod) - Activities in 2009

No new activities were undertaken on this property in this quarter.

Mable Lake - Activities Contemplated for the Future
Wildcat is offering this property for option on the basis of positive features including: a) its proximity to a major shear zone that may be a conduit for mineralization, b) the large number of quartz veins on the property, most of which have not been sampled and analyzed for gold and c) its proximity to historical gold mine workings


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