News

News

Wildcat Intersects High Grade Zinc, Lead and Silver at Hermosa NW


May 6, 2015

Vancouver, B.C., May 6, 2015 " Wildcat Silver Corporation (TSX: WS) (“Wildcat” or the “Company”) is pleased to announce the results to date from its current drill program on the Company’s 80% owned Hermosa property located in Santa Cruz County, Arizona.

Project Update

Wildcat has completed five (5) surface diamond drill holes totalling 19,086 feet targeting the expansion of its zinc-lead-silver sulfide mineral resource, now known as the Hermosa Northwest Project (Hermosa NW), which is part of the Hermosa property. Hermosa NW is the down-dip sulfide extension of the Company’s silver-manganese Hermosa Manto Oxide Project (now known as Hermosa Central).

Wildcat has intersected significant zinc-lead-silver sulfide mineralization at Hermosa NW, with the best intercepts from the recent drilling as follows (all intervals reported are down-the-hole drill intervals and not represented as true thickness of the mineralized zones):

Drill Hole

From (feet)

To (feet)

Interval (in feet)

Zn%

Pb%

Ag opt

Cu%

HDS-330

1037.0

1330.5

293.5

6.75

3.76

1.50

0.15

Including

1102.0

1127.0

25.0

11.63

5.20

1.85

0.20

Including

1185.5

1221.5

36.0

18.76

11.88

4.22

0.36

HDS-330

1416.0

1452.5

36.5

5.52

4.01

1.71

0.22

HDS-330

1460.5

1508.5

48.0

4.63

5.00

4.46

0.21

HDS-331

572.0

604.0

32.0

9.57

5.18

4.13

0.02

Including

576.0

592.0

16.0

16.58

8.09

5.80

0.02

HDS-331

2913.0

2943.5

30.5

4.50

6.62

2.19

0.03

HDS-331

3263.0

3304.5

41.5

9.73

19.68

6.37

0.89

HDS-332

1507.0

1560.0

53.0

20.29

8.32

4.75

0.06

Including

1511.5

1555.0

43.5

24.19

9.93

5.63

0.07

HDS-332

3363.0

3387.5

24.5

7.69

17.68

5.81

0.51

Including

3363.0

3375.0

12.0

12.21

32.58

10.40

0.80

HDS-332

3391.5

3450.0

58.5

3.47

4.50

1.69

0.24

HDS-333

2378.0

2427.0

49.0

7.07

9.80

4.39

0.14

HDS-333

2457.0

2522.0

65.0

10.09

6.93

2.41

0.13

HDS-333

2532.0

2560.0

28.0

8.24

5.87

1.71

0.03

HDS-333

2591.0

2655.0

64.0

5.33

4.57

1.44

0.04

HDS-334

1847.0

2332.0

485.0

3.94

3.12

1.37

0.14

Including

2030.0

2093.0

63.0

9.68

8.56

3.12

0.31

Including

2142.0

2235.0

93.0

6.92

6.60

3.15

0.27

HDS-334

2501.0

2837.0

336.0

3.97

3.30

1.35

0.03

Including

2501.0

2532.0

31.0

13.35

8.52

5.79

0.20

Including

2590.0

2672.0

82.0

5.70

5.86

1.81

0.03

HDS-334

3106.5

3217.5

111.0

1.97

3.35

1.65

0.03

Including

3201.0

3209.5

8.5

17.66

21.62

8.99

0.08

HDS-334

3429.0

3450.0

21.0

1.14

23.78

6.53

1.05

In this most recent drilling Wildcat has intersected multiple intervals of significant zinc-lead-silver sulfide mineralization at Hermosa NW. The mineralized intervals selected for the above summary are only those for which the foot/percent zinc/lead/silver calculation exceeds 400 (i.e. drill interval times zinc%+lead%+silver opt is greater than 400). These results confirm that Hermosa NW is a large carbonate replacement sulfide zone containing high grades of zinc, lead and silver over significant widths. This current round of drilling represents a significant step out to the previous drill locations and the results indicate the deposit remains open to southwest, west and north. Please see Appendix 1 for a full listing of the mineralized intervals from this drilling and the Company’s website www.wildcatsilver.com for a complete list of all drill intercepts.

“These results are the best encountered to date on the Hermosa property and surely indicate we have an exciting year of drilling in front of us” commented Richard Warke, Wildcat’s Chairman and CEO. “For the balance of 2015 we plan to continue to drill, complete metallurgical testing and at the appropriate time, prepare an updated mineral resource.”

In contrast to the Hermosa Central Manto Oxide deposit, the Hermosa NW zinc-lead-silver mineralization encountered in the recent drilling represents significant thicknesses of coarse grained, sulfide minerals of sphalerite, galena and chalcopyrite which occur as strata-bound replacements in the Paleozoic carbonate section. The up dip portion of the mineralization is situated approximately 800 feet below the current ground surface and dips northwest at approximately 20 - 25 degrees. Of significance, the mineralization located to date for Hermosa NW has been drilled from the patented claims owned by the Company, which do not require additional drill permits for continued drilling. The Company is continuing to drill the Hermosa NW mineralization and updating its plans for the metallurgical work.

Funding

The Company has continued to receive financial support from insiders obtaining loans for an additional $500,000 on the same terms and conditions as for the $1.6 million of loans announced in February, 2015. The net proceeds from these additional loans are being used for general working capital purposes and project advancement.

Qualified Person

The results of Wildcat’s drilling results have been reviewed, verified and compiled by Donald Taylor, MSc., PG, President and Chief Operating Officer for Wildcat Silver, a qualified person as defined by National Instrument 43-101 (NI 43-101). Mr. Taylor has more than 25 years of mineral exploration and mining experience, and is a Registered Professional Geologist through the SME (registered member #4029597). Mr. Taylor is also a Licensed Professional Geologist in several US states.

Assays and Quality Assurance/Quality Control

To ensure reliable sample results, the Company has a rigorous QA/QC program in place that monitors the chain-of-custody of samples and includes the insertion of blanks, duplicates, and certified reference standards in each batch of samples. Core is photographed and split in half with one-half retained in a secured facility for verification purposes.

Sample preparation (crushing and pulverizing) is performed at ALS Minerals Laboratories, an ISO/IEC accredited lab located in Tucson, Arizona. ALS Minerals Laboratories prepares a pulp of all samples and sends the pulps to their analytical laboratory in Vancouver, B.C. Canada for analysis. ALS analyzes the pulp sample by ICP following a 4-acid digestion (ME-ICP61 for 33 elements) including Cu (copper), Pb (lead), and Zn (zinc). All samples in which Cu (copper), Pb (lead), or Zn (zinc) are greater than 10,000 ppm are rerun using four acid digestion with an ICP " AES finish (Cu-OG62; Pb-OG62; and Zn-OG62) with the elements reported in percentage (%). Silver values are determined by ICP ((ME-ICP61) with all samples with silver values greater than 100 ppm repeated using four acid digestion with an ICP-AES finish (Ag-OG62) calibrated for higher levels of silver contained. Any values over 1,500 ppm Ag triggers a fire assay with gravimetric finish analysis. Gold values are determined by a 30 gm fire assay with an ICP-AES finish (Au-ICP21).

About Wildcat

Wildcat is a Canadian mineral exploration company focused on the development of its 80% owned Hermosa property located in Santa Cruz County, Arizona. The Hermosa property currently has two distinct projects: Hermosa NW, a zinc-lead-silver sulfide mineral exploration project; and Hermosa Central, a silver-manganese manto oxide development project. Hermosa NW has a resource calculated in accordance with NI 43-101 and is currently being drilled to test the limits of that resource. Hermosa Central’s December 2013 prefeasibility study indicates it is expected to be one of the largest primary silver producers as well as the only electrolytic manganese metal producer in the USA at industry low cash costs. The pre-feasibility study estimates annual production of 5.7 million ounces of silver and 110 million pounds of electrolytic manganese metal (EMM) at average cash costs of $4.41 per silver ounce and $0.74 per EMM pound over an 18 year mine life.

For additional information please contact:

Don Taylor, President, and COO on 1-303-300-6890, e-mail dtaylor@wildcatsilver.com; or

Paul Ireland, CFO on 604-484-3597, e-mail pireland@wildcatsilver.com

Cautionary Note Regarding Forward-Looking Information

Certain information contained in this press release constitutes forward-looking statements. All statements, other than statements of historical facts, are forward looking statements including statements with respect to the Company’s intentions for its Hermosa property in Arizona, USA including, without limitation, drilling, updating the resource and metallurgical testing on Hermosa NW and expected future mineral production and operating costs on Hermosa Central. Forward-looking statements are often, but not always, identified by the use of words such as may, will, seek, anticipate, believe, plan, estimate, budget, schedule, forecast, project, expect, intend, or similar expressions.

The forward-looking statements are based on a number of assumptions which, while considered reasonable by Wildcat, are subject to risks and uncertainties. In addition to the assumptions herein, these assumptions include the assumptions described in Wildcat’s management’s discussion and analysis for the year ended December 31, 2014 (“MD&A”). Wildcat cautions readers that forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed in or implied by such forward-looking statements and forward-looking statements are not guarantees of future results, performance or achievement. These risks, uncertainties and factors include general business, economic, competitive, political, regulatory and social uncertainties; actual results of exploration activities and economic evaluations; fluctuations in currency exchange rates; changes in project parameters; changes in costs, including labour, infrastructure, operating and production costs; future prices of zinc, lead, silver and other minerals; variations of mineral grade or recovery rates; operating or technical difficulties in connection with exploration, development or mining activities, including the failure of plant, equipment or processes to operate as anticipated; delays in completion of exploration, development or construction activities; changes in government legislation and regulation; the ability to maintain and renew existing licenses and permits or obtain required licenses and permits in a timely manner; the ability to obtain financing on acceptable terms in a timely manner; contests over title to properties; employee relations and shortages of skilled personnel and contractors; the speculative nature of, and the risks involved in, the exploration, development and mining business; and the factors discussed in the section entitled “Risks and Uncertainties” in the MD&A.

Although Wildcat has attempted to identify important risks, uncertainties and other factors that could cause actual performance, achievements, actions, events, results or conditions to differ materially from those expressed in or implied by the forward-looking information, there may be other risks, uncertainties and other factors that cause performance, achievements, actions, events, results or conditions to differ from those anticipated, estimated or intended. Unless otherwise indicated, forward-looking statements contained herein are as of the date hereof and Wildcat disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable law.


Appendix 1: Drill Results

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Dec 5, 2005
PDF
Nov 8, 2005
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Mar 3, 2005
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Drill Hole

From (feet)

To (feet)

Interval (in feet)

Zn%

Pb%

Ag opt

Cu%

Au opt

HDS-330

HDS-330

1037.0

1330.5

293.5

6.75

3.76

1.50

0.15

0.002

Including

1102.0

1127.0

25.0

11.63

5.20

1.85

0.20

0.002

Including

1185.5

1221.5

36.0

18.76

11.88

4.22

0.36

0.002

HDS-330

1346.0

1351.0

5.0

2.04

1.20

0.49

0.04

0.000

HDS-330

1365.5

1372.5

7.0

4.16

2.31

0.76

0.12

0.002

HDS-330

1375.0

1379.0

4.0

1.79

3.38

0.92

0.07

0.003

HDS-330

1416.0

1452.5

36.5

5.52

4.01

1.71

0.22

0.002

HDS-330

1460.5

1508.5

48.0

4.63

5.00

4.46

0.21

0.002

HDS-330

1521.0

1547.5

26.5

7.34

4.51

2.06

0.40

0.001

HDS-330

1650.0

1654.5

4.5

5.65

3.04

1.33

0.08

0.002

HDS-330

2252.0

2272.0

20.0

2.86

2.12

1.67

0.12

0.001

HDS-330

2380.0

2390.0

10.0

21.10

12.66

5.76

0.50

0.002

HDS-330

2402.0

2412.0

10.0

1.31

1.30

0.54

0.00

0.000

HDS-331

HDS-331

572.0

604.0

32.0

9.57

5.18

4.13

0.02

0.002

Including

576.0

592.0

16.0

16.58

8.09

5.80

0.02

0.002

HDS-331

707.0

712.0

5.0

2.70

2.05

1.44

0.02

0.001

HDS-331

1022.0

1032.0

10.0

0.48

0.33

1.46

0.08

0.001

HDS-331

1307.0

1309.0

2.0

0.07

2.13

2.92

0.02

0.001

HDS-331

1952.0

1957.0

5.0

1.74

1.80

0.48

0.03

0.001

HDS-331

1967.0

1972.0

5.0

2.43

1.86

0.72

0.04

0.002

HDS-331

1977.0

1987.0

10.0

2.64

2.13

0.71

0.07

0.001

HDS-331

2045.5

2072.0

26.5

4.63

3.36

1.24

0.11

0.001

HDS-331

2122.0

2137.0

15.0

1.38

0.91

0.40

0.03

0.002

HDS-331

2152.0

2162.0

10.0

1.75

1.01

0.40

0.05

0.000

HDS-331

2297.0

2307.0

10.0

6.26

4.09

1.26

0.01

0.001

HDS-331

2481.0

2500.0

19.0

2.13

1.71

0.61

0.05

0.000

HDS-331

2507.0

2512.0

5.0

5.50

3.29

1.16

0.03

0.000

HDS-331

2527.0

2537.0

10.0

7.26

3.10

1.11

0.03

0.000

HDS-331

2552.0

2557.0

5.0

1.51

0.99

0.39

0.01

0.000

HDS-331

2587.0

2592.0

5.0

3.78

2.85

0.94

0.02

0.000

HDS-331

2647.0

2662.0

15.0

3.78

2.85

0.94

0.02

0.000

HDS-331

2682.0

2698.0

16.0

1.92

1.64

0.50

0.01

0.001

HDS-331

2720.0

2742.0

22.0

6.42

5.09

1.41

0.05

0.000

HDS-331

2870.0

2872.0

2.0

14.40

11.50

3.56

0.08

0.001

HDS-331

2913.0

2943.5

30.5

4.50

6.62

2.19

0.03

0.001

HDS-331

3013.5

3015.0

1.5

3.93

3.13

0.96

0.10

0.000

HDS-331

3063.0

3067.0

4.0

0.05

3.64

1.05

0.00

0.000

HDS-331

3107.0

3112.0

5.0

0.27

3.42

1.07

0.00

0.000

HDS-331

3172.0

3182.0

10.0

3.00

2.35

2.12

0.11

0.001

HDS-331

3263.0

3304.5

41.5

9.73

19.68

6.37

0.89

0.003

HDS-331

3374.0

3387.0

13.0

11.32

7.05

9.84

0.70

0.002

HDS-331

3392.0

3397.0

5.0

2.03

1.97

0.86

0.02

0.000

HDS-331

3407.0

3412.0

5.0

5.83

6.40

3.00

0.14

0.001

HDS-331

3415.0

3422.0

7.0

4.87

9.20

22.06

0.97

0.009

HDS-332

HDS-332

527.0

532.0

5.0

0.33

0.30

7.70

0.33

0.001

HDS-332

602.0

607.0

5.0

0.68

0.93

3.73

0.16

0.000

HDS-332

622.0

629.0

7.0

3.86

2.03

6.66

0.08

0.000

HDS-332

756.0

763.0

7.0

2.73

0.80

0.49

0.00

0.000

HDS-332

782.0

787.0

5.0

4.58

1.80

0.71

0.01

0.003

HDS-332

1507.0

1560.0

53.0

20.29

8.32

4.75

0.06

0.002

Including

1511.5

1555.0

43.5

24.19

9.93

5.63

0.07

0.002

HDS-332

1565.5

1587.0

21.5

4.27

1.11

1.49

0.07

0.001

HDS-332

1592.0

1607.0

15.0

3.05

1.92

1.05

0.27

0.001

HDS-332

1610.0

1617.0

7.0

6.79

3.47

9.91

0.63

0.002

HDS-332

1767.0

1770.0

3.0

0.77

0.41

1.21

0.07

0.000

HDS-332

2019.0

2022.0

3.0

2.05

0.02

0.42

0.00

0.000

HDS-332

2092.0

2097.0

5.0

2.86

1.17

1.84

0.16

0.001

HDS-332

2127.0

2152.0

25.0

2.74

3.16

0.96

0.03

0.004

HDS-332

2157.0

2169.0

12.0

8.53

7.02

2.34

0.07

0.001

HDS-332

2188.0

2196.5

8.5

3.12

1.86

1.17

0.11

0.002

HDS-332

2200.5

2210.0

9.5

1.85

1.74

0.88

0.08

0.002

HDS-332

2285.0

2292.0

7.0

2.68

2.42

0.80

0.03

0.001

HDS-332

2362.0

2367.0

5.0

2.60

0.94

1.38

0.01

0.004

HDS-332

2599.0

2604.0

5.0

3.47

1.98

0.69

0.03

0.000

HDS-332

2647.0

2652.0

5.0

3.45

2.27

0.75

0.01

0.000

HDS-332

2757.0

2760.0

3.0

5.93

4.46

1.46

0.06

0.001

HDS-332

2812.0

2817.0

5.0

2.50

1.99

0.66

0.01

0.000

HDS-332

2820.0

2852.0

32.0

5.33

4.38

1.45

0.06

0.001

HDS-332

2919.0

2921.5

2.5

7.52

8.91

3.15

0.02

0.002

HDS-332

2940.0

2963.0

23.0

2.63

2.92

1.02

0.01

0.001

HDS-332

2967.0

2992.5

25.5

2.63

4.25

1.61

0.01

0.001

HDS-332

3003.5

3005.0

1.5

0.80

4.23

1.46

0.00

0.004

HDS-332

3014.5

3022.0

7.5

0.73

2.83

0.99

0.00

0.001

HDS-332

3032.0

3037.5

5.5

4.10

3.77

1.18

0.00

0.001

HDS-332

3040.0

3045.0

5.0

1.99

3.52

1.15

0.00

0.001

HDS-332

3049.5

3055.0

5.5

1.57

10.26

3.47

0.00

0.001

HDS-332

3057.5

3060.0

2.5

4.54

9.01

3.21

0.01

0.001

HDS-332

3064.0

3067.0

3.0

0.03

2.48

0.99

0.02

0.001

HDS-332

3187.0

3192.0

5.0

0.19

0.37

3.41

0.25

0.000

HDS-332

3242.0

3257.0

15.0

0.17

0.21

1.82

0.04

0.002

HDS-332

3363.0

3387.5

24.5

7.69

17.68

5.81

0.51

0.001

Including

3363.0

3375.0

12.0

12.21

32.58

10.40

0.80

0.002

HDS-332

3391.5

3450.0

58.5

3.47

4.50

1.69

0.24

0.001

HDS-332

3454.5

3464.0

9.5

9.44

12.74

5.03

0.97

0.001

HDS-332

3780.5

3784.5

4.0

10.95

6.40

2.48

2.07

0.001

HDS-332

3789.0

3793.5

4.5

4.85

3.77

4.58

1.13

0.001

HDS-333

HDS-333

892.0

897.0

5.0

1.57

6.57

12.37

0.64

0.002

HDS-333

1282.0

1287.0

5.0

0.51

0.36

1.78

0.12

0.001

HDS-333

1327.0

1332.0

5.0

3.41

0.93

4.52

0.31

0.000

HDS-333

1417.0

1422.0

5.0

0.91

0.50

1.28

0.14

0.000

HDS-333

1437.0

1442.0

5.0

0.79

0.80

4.81

0.42

0.002

HDS-333

1452.0

1457.0

5.0

0.48

0.28

1.22

0.06

0.002

HDS-333

1502.0

1507.0

5.0

4.63

3.79

1.80

0.03

0.001

HDS-333

1557.0

1567.0

10.0

4.17

1.19

0.70

0.01

0.001

HDS-333

1722.0

1724.5

2.5

0.50

0.92

1.98

0.18

0.001

HDS-333

1812.0

1842.0

30.0

4.67

3.09

1.84

0.16

0.001

HDS-333

1847.0

1862.0

15.0

1.50

0.97

0.81

0.03

0.000

HDS-333

1947.0

1952.0

5.0

1.21

0.76

0.68

0.03

0.000

HDS-333

2032.0

2042.0

10.0

2.01

1.21

0.49

0.13

0.000

HDS-333

2064.5

2069.5

4.5

2.03

1.54

0.50

0.07

0.000

HDS-333

2282.0

2291.0

9.0

2.47

1.40

0.44

0.02

0.000

HDS-333

2294.0

2298.5

4.5

3.07

2.79

0.87

0.03

0.001

HDS-333

2339.5

2346.0

6.5

27.95

20.53

12.74

0.70

0.008

HDS-333

2358.5

2365.0

6.5

1.19

13.82

4.20

0.17

0.001

HDS-333

2378.0

2427.0

49.0

7.07

9.80

4.39

0.14

0.002

HDS-333

2437.0

2442.0

5.0

0.37

1.48

0.59

0.01

0.001

HDS-333

2457.0

2522.0

65.0

10.09

6.93

2.41

0.13

0.002

HDS-333

2532.0

2560.0

28.0

8.24

5.87

1.71

0.03

0.001

HDS-333

2566.0

2584.5

18.5

7.64

5.64

1.63

0.07

0.001

HDS-333

2591.0

2655.0

64.0

5.33

4.57

1.44

0.04

0.001

HDS-333

2665.0

2672.0

7.0

2.28

1.44

0.46

0.02

0.000

HDS-333

2677.0

2687.0

10.0

3.08

4.89

1.49

0.09

0.001

HDS-333

2692.0

2731.0

39.0

3.19

3.03

0.94

0.01

0.001

HDS-333

2747.0

2767.0

20.0

3.15

2.37

0.65

0.00

0.000

HDS-333

2807.0

2817.0

10.0

2.13

1.39

0.44

0.03

0.000

HDS-333

2827.0

2837.0

10.0

2.02

2.50

0.72

0.01

0.000

HDS-333

2842.0

2852.0

10.0

2.99

4.13

1.31

0.02

0.001

HDS-333

2887.0

2892.0

5.0

0.92

1.27

0.41

0.04

0.000

HDS-333

2912.0

2917.0

5.0

1.94

1.42

0.46

0.03

0.000

HDS-333

2922.0

2932.0

10.0

1.16

0.74

0.23

0.01

0.000

HDS-333

3257.0

3261.0

4.0

0.03

4.68

2.83

0.02

0.002

HDS-333

3466.0

3485.0

19.0

5.10

10.40

3.71

0.68

0.001

HDS-333

3859.0

3864.0

5.0

0.56

2.16

1.08

0.02

0.000

HDS-334

HDS-334

795.0

807.0

12.0

2.62

1.72

1.74

0.09

0.002

HDS-334

1087.0

1097.5

10.5

9.89

5.25

3.23

0.03

0.001

HDS-334

1182.0

1185.5

3.5

0.04

0.85

0.13

0.10

0.000

HDS-334

1308.0

1336.5

28.5

4.42

2.74

3.68

0.26

0.001

HDS-334

1416.5

1426.5

10.0

3.12

1.85

1.23

0.05

0.001

HDS-334

1542.0

1557.0

15.0

0.63

0.83

0.52

0.01

0.000

HDS-334

1627.0

1661.5

34.5

0.43

3.67

2.79

0.05

0.001

HDS-334

1664.5

1668.0

3.5

1.73

0.44

0.29

0.00

0.000

HDS-334

1752.0

1757.0

5.0

1.65

4.08

6.04

0.07

0.001

HDS-334

1782.0

1792.0

10.0

0.70

0.64

12.68

0.18

0.003

HDS-334