The Conversation (0)
Wildcat Exploration (TSXV:WEL) has extended an ‘Exploration Alliance’ agreement with Doe Run Canadian Exploration. The agreement, initially for two years, will now see work continue at the base metal discovery at the Lake Island property until exploration programs are completed or terminated.
As quoted in the press release:
Work by the Alliance to date has established two areas of zinc-lead-copper-silver mineralization at the Railroad and Roche Long Lac Zones on the Island Lake property (see news releases dated October 27, 2014 and November 3, 2014). The property is in the Bathurst mining area of New Brunswick.
The agreement, known as the Wildcat-Doe Run Canadian Exploration Alliance, is a strategic, base metal exploration arrangement between Wildcat and Doe Run Canadian, a British Columbia registered company (see news release December 11, 2012). Under the terms of the Alliance, properties are acquired and held by Doe Run Canadian, subject to Wildcat’s right to earn up to a 30% interest in one or more properties. Wildcat is Manager of the Alliance.
Wildcat president and CEO, John Knowles, said:
Our work with Doe Run Canadian has brought together complementary skills of both companies with very positive exploration results. We look forward to continuing our relationship to advance the discoveries on the Island Lake property.
Click here to read the Wildcat Exploration (TSXV:WEL) press release