Property Description

The Jeep property is comprised of 26 contiguous unpatented mining claims totaling 4,016 hectares on which Wildcat holds a 100% of the mineral rights. The property is located approximately 11 km east of San Gold Corporation’s Rice Lake mine in the town of Bissett, with its southern boundary partially defined by Provincial Highway 304. In addition to the original project area, in March 2008 Wildcat signed a letter of intent with Harvest Gold Corp. to acquire a 25% interest in two claims (Morore and Gudroc) covering 405 hectares adjacent to the south east boundary of the Jeep property.
The property is underlain by two distinct geological domains: 1) in the north, the “Jeep Gabbro” and granitoids of the Wanipigow River Plutonic Complex, and 2) in the south, a narrow east-trending extension of the Little Beaver Belt, consisting of mafic and felsic volcanic rocks and minor iron formation and mafic and felsic intrusions. The Jeep Gabbro is a multi-phased intrusion composed of mafic to intermediate intrusive rocks and, in places, partially assimilated xenolithic rocks. An area adjacent to the former Jeep Gold Mine is characterized by a prominent magnetic susceptibility high. The magnetic susceptibility high is interpreted to be due to large amounts of pyrrhotite occurring in a complex assemblage of mafic and intermediate magmatogenic rocks, felsic volcanogenic and derived sedimentary rocks, quartz porphyry, and hybrid rocks consisting of quartz diorite and gabbro that intruded and partially assimilated heterolithic clastic debris. The resulting hybrid rocks contain ubiquitous mineralization consisting of disseminated, semi-massive, podiform and fracture-controlled pyrrhotite, chalcopyrite, bornite, and traces of pyrite and arsenopyrite.

Activities in 2009

During 2009 to date Wildcat has incorporated known, relevant geological data including historic and recent geophysical and geochemical data, drilling records including historical and recent holes and underground drilling and mining plans into a model, using software with three dimensional data projection capability. 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.

Field work on this property during the quarter concentrated on investigating those areas whose potential to host gold bearing quartz veins was highlighted by applying interpretations derived from the model. The work included mechanized overburden stripping followed by hydraulic stripping. The mineral content of newly exposed quartz veins and shear zones was evaluated through regularly spaced grab and channel samples.
To date, in the vicinity of the former Jeep Gold mine, the Company’s geologists have exposed four arrays of gold bearing quartz veins hosted by brittle and brittle-ductile shear zones.

Activities Contemplated for the Future

The Company intends to continue evaluating the mineral potential of the exposed quartz veins using the methods employed in the second quarter for as long as weather permits. A diamond drill programme is planned for the winter of 2010.