New release - Reed Lake
posted on
Jun 14, 2010 02:18PM
The company is now known as FUSE Cobalt.
Wildcat Exploration Ltd. Mobilizes Exploration Crews onto Reed (Cu, Zn, Ni) Project - Expands Project Area, Flin Flon-Snow Lake District Winnipeg, Manitoba-June 14, 2010- Wildcat Exploration Ltd. (TSX-V: WEL) is pleased to announce that the
next phase of exploration on the Company’s 100% owned Reed Project has begun with the mobilization of a six person exploration team onto the property. The Reed Project is situated 35 kilometres southwest of the town of Snow Lake, Manitoba. The Snow Lake mining camp has recently witnessed renewed interest with the discovery of the Lalor deposit (Zn, Cu, Au) by HudBay Minerals Inc. In the vicinity of the Reed Project, the area has been the focus of other recent exploration successes at the “Discovery Zone” (Cu, Zn) on the VMS Ventures Inc./HudBay property, the “Rail“ deposit (Cu, Zn) optioned by Rockcliff Resources Inc. from HudBay, and the Wine property (Ni, Cu) belonging to Cream Minerals Ltd. The Reed Project is underlain by volcanic and intrusive rocks belonging to the Flin Flon – Snow Lake greenstone belt, which host the recent discoveries previously mentioned. Geophysical data suggest that these rocks trend onto the Reed Project along strike from the Rail and the Wine mineralization, both types of which have distinctive conductive signatures. This positions the Reed Project to host either or both deposit types. Wildcat’s 2010 program includes mapping, sampling and surface geophysical surveys with a focus on conductors generated from previous airborne surveys. The current program will involve surface investigation to validate and prioritize these conductors for drill testing in the 2010/11 winter drill season. The Company recently staked additional claims on the northeast flank of the property, increasing the total area to 8,037 hectares in 43 contiguous claims. The current Reed program includes geological mapping and sampling on the new claims. A map of the project including the new claims will be posted at on