May 2, 2011 (Marketwire Canada) --
VANCOUVER, BRITISH COLUMBIA -- Pacific Wildcat Resources Corp. (TSX VENTURE:PAW) ("PAW" or the "Company") is pleased to announce that the next stage of drilling is underway at its Mrima Hill Project in Kenya, where PAW has the contractual right to purchase 70% of the project (refer to press release dated 28th February 2011). This 1,700 metre diamond drilling program is targeting the enriched weathered zone of the carbonatite with the aim of gaining further insight into the depth potential for niobium and rare earth mineralisation at Mrima Hill.
Figure 1 (below) shows the sites of the planned diamond holes versus the position of the significant Niobium results already reported from PAW's 2010 RC drilling program.
Figure 2 (below) shows the significant Rare Earth Results reported so far from the PAW 2010 RC drilling program versus the planned diamond drill holes.
To view Figures 1 and 2 please click on the following link: http://media3.marketwire.com/docs/PAW0502.pdf
The diamond drill program is of HQ triple tube and targets a basin of thick weathering which is expected to run across the top of Mrima Hill in an anticipated north-northeast direction. Early drilling by Anglo American indicates that weathering in places extends to over 100 metres vertical depth with significant enrichment in niobium. Anglo did not analyse on a regular basis for rare earths.
PAW's President Mr. Darren Townsend said, "We look forward to the results from this diamond drilling program and the better understanding the core will give us of the deposit in terms of depth potential and metallurgy."
ON BEHALF OF THE BOARD OF DIRECTORS OF PACIFIC WILDCAT RESOURCES CORP.
Darren Townsend, President
QUALIFIED PERSON AND DISCLAIMER
Qualified Person: Timothy David Major, BSc, MSc – Geology and Mineral Exploration. MAusIMM. Qualified person under NI 43‐101, and as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' has reviewed the scientific and technical data and exploration and resource contents relating to the Mrima Hill Project contained in this news release.
Investors are cautioned that trading in the securities of Pacific Wildcat Resources Corp. should be considered highly speculative. Cautionary note: This press release contains forward looking statements, particularly those regarding cash flow, capital expenditures, work programs and investment plans. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Resource estimates, unless specifically noted, are considered speculative. The Company intends to file a NI 43-101 report on the Mrima Hill property to confirm the historical resource estimate as soon as the information is available.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Pacific Wildcat Resources Corp.
Corporate Communications Manager
+416 306 5777