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WILDCAT DRILL RESULTS INCLUDE 26 METRES OF 346.52 G/T SILVER, 12.24% MANGANESE, 3.16% ZINC, 4.22% LEAD AND 0.30% COPPER

April 18, 2011

VANCOUVER, April 18 /PRNewswire/ – Wildcat Silver Corporation (TSX-V: WS) (“Wildcat” or “the Company”) is pleased to announce the results for an
additional 11 holes completed on the Company’s Hermosa property located
in Santa Cruz County, Arizona.

Of the 11 holes reported, seven holes are step-out holes (Hole HDS-117,
HDS-118, HDS-128, HDS-130, HDS-131, HDS-133 and HDS-135).  The Company
continues to focus on increasing the width and length of the current
resource and these results further support the extension of
mineralization.

A complete list of drill intercepts, location map and 3D model of the
Hermosa mineralization are available on the company’s website at www.wildcatsilver.com.

Step-out Holes

HDS-117 was drilled across or in the northwest-southeast trending
American Fault and connects the down dropped mineralization intersected
in previously disclosed holes HDS-121 and HDS-119 (see map attached).  Of note, HDS-117 intersected 25.9 metres of 346.52 g/t silver, 12.24% manganese,
3.16% zinc, 4.22% lead and 0.30% copper,
demonstrating excellent silver, manganese, lead and zinc grades.

HDS-118, a step-out of approximately 150 metres to the north of the
existing resource, intersected significant thicknesses of manganese,
lead and zinc mineralization with moderate silver grades.  HDS-130, a
larger step out to the north of HDS-118, intersected a horizon of
strong manganese.

The Company is prioritizing drilling to expand the resource in the north
and east directions, particularly across the American Fault, as
mineralization there appears to be demonstrating more robust silver and
manganese grades.

HDS-135, located in the very south end of Wildcat’s patented claims,
intersected a thin horizon of strong manganese mineralization with
moderate silver.

HDS-128, HDS-131 and HDS-133 are located west of the current resource. 
HDS-128 and HDS-131 intersected thin to moderate thicknesses of
moderate silver grades while HDS-133 intersected two horizons of
moderate to strong manganese grades.

Infill Holes

HDS-124 encountered two distinct zones of mineralization.  The upper
zone hosts low manganese but silver of 113.8 g/t over 18.3 metres.  The
lower horizon is 22.9 metres thick containing strong manganese
mineralization of 8.74% with 178.4 g/t silver.  Within the lower zone
there are two higher grade zones of 4.6 metres and 3.0 metres averaging 7.86% manganese and 440.8 g/t silver
and 23.2% manganese and 397.5 g/t silver
, respectively.

HDS-126 is located in the southern portion of the current resource and
intersected three intervals of moderate manganese. HDS-127 is located
on the eastern margin of the current resource and intersected
mineralization characteristic for the upper horizon in the area with
low manganese and moderate silver grades.

HDS-134 is located between previously reported holes HDS-112 and
HDS-113.  This drill hole ties that mineralization together and expands
the resource to the east.  In the upper horizon this drill hole
encountered 12.2 metres of 9.35% manganese with strong silver grades of 318.4 g/t.  In the lower horizon the drilling encountered 33.5 metres of strong
manganese and silver mineralization accompanied by significant lead and
zinc.

A summary of the drill results are provided below. Please also see attached map.

     _________________________________________________________________________
    | Drill |        |  From  |   To   |Interval|   Ag |   Mn |  Zn | Pb | Cu |
    | Hole  |        |(metres)|(metres)|(metres)|  g/t |   %  |   % | %  | %  |
    |_______|________|________|________|________|______|______|_____|____|____|
    |       |        |        |        |        |      |      |     |    |    |
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-117|        |   39.6 |   64.0 |   24.4 |23.09 | 0.02 |0.01 |0.11|0.02|
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-117|        |  147.9 |  173.8 |   25.9 |346.52|12.24 |3.16 |4.22|0.30|
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-117|        |  182.9 |  214.9 |   32.0 |84.56 | 6.75 |4.39 |1.42|0.10|
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-117|        |  214.9 |  237.8 |   22.9 |13.09 | 1.31 |9.28 |0.18|0.02|
    |_______|________|________|________|________|______|______|_____|____|____|
    |       |        |        |        |        |      |      |     |    |    |
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-118|        |  209.0 |  216.9 |   7.9  |101.22|16.50 |1.94 |4.50|0.29|
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-118|        |  261.3 |  275.0 |   13.7 |25.11 |18.82 |9.24 |1.56|0.06|
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-118|        |  320.7 |  329.9 |   9.1  |73.61 |11.18 |3.73 |2.50|0.23|
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-118|        |  360.1 |  375.5 |   15.4 |130.25| 8.39 |4.91 |9.02|0.26|
    |_______|________|________|________|________|______|______|_____|____|____|
    |       |        |        |        |        |      |      |     |    |    |
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-124|        |   0.0  |   18.3 |   18.3 |113.8 | 0.47 |0.03 |0.50|0.02|
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-124|        |   33.5 |   56.4 |   22.9 |178.4 | 8.74 |0.80 |0.60|0.05|
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-124|includes|   33.5 |   38.1 |   4.6  |440.8 | 7.86 |0.26 |0.36|0.06|
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-124|includes|   48.8 |   51.8 |   3.0  |397.5 |23.20 |2.76 |2.53|0.18|
    |_______|________|________|________|________|______|______|_____|____|____|
    |       |        |        |        |        |      |      |     |    |    |
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-126|        |   68.6 |   86.9 |   18.3 | 45.8 | 2.42 |0.06 |0.24|0.02|
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-126|        |   91.5 |   97.6 |   6.1  | 51.1 | 2.93 |0.10 |0.11|0.02|
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-126|        |  111.3 |  137.2 |   25.9 | 12.4 | 3.99 |4.96 |0.04|0.01|
    |_______|________|________|________|________|______|______|_____|____|____|
    |       |        |        |        |        |      |      |     |    |    |
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-127|        |   15.2 |   44.2 |   29.0 |88.87 | 0.34 |0.05 |0.48|0.04|
    |_______|________|________|________|________|______|______|_____|____|____|
    |       |        |        |        |        |      |      |     |    |    |
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS128 |        |   42.7 |   59.5 |   16.8 |74.93 | 3.18 |0.38 |0.33|0.04|
    |_______|________|________|________|________|______|______|_____|____|____|
    |       |        |        |        |        |      |      |     |    |    |
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-130|        |  152.4 |  155.5 |   3.0  |44.35 |17.52 |0.51 |0.82|0.05|
    |_______|________|________|________|________|______|______|_____|____|____|
    |       |        |        |        |        |      |      |     |    |    |
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-131|        |   13.7 |   32.0 |   18.3 |56.55 | 1.71 |0.15 |0.16|0.02|
    |_______|________|________|________|________|______|______|_____|____|____|
    |       |        |        |        |        |      |      |     |    |    |
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-133|        |   39.6 |   48.8 |   9.1  | 38.5 | 5.71 |0.85 |0.22|0.02|
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-133|        |   65.5 |   68.6 |   3.0  | 63.7 |13.48 |0.93 |0.25|0.01|
    |_______|________|________|________|________|______|______|_____|____|____|
    |       |        |        |        |        |      |      |     |    |    |
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-134|        |   77.7 |   89.9 |   12.2 |318.4 | 9.35 |0.68 |8.18|0.31|
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-134|        |   97.6 |  131.1 |   33.5 |199.0 |15.12 |4.81 |3.23|0.36|
    |_______|________|________|________|________|______|______|_____|____|____|
    |       |        |        |        |        |      |      |     |    |    |
    |_______|________|________|________|________|______|______|_____|____|____|
    |HDS-135|        |   45.7 |   48.8 |   3.0  |   95 |18.585|0.925|0.26|0.02|
    |_______|________|________|________|________|______|______|_____|____|____|

The Company will continue to aggressively drill with focus on step-out
drilling in the north and east directions and enough in-fill drilling
to achieve the objective of significantly expanding the size and
quality of the current resource. Wildcat has four drills operating on
the property (two core and two reverse circulation).

Qualified Person
The results of Wildcat’s drilling results have been reviewed, verified
and compiled by Don Taylor, MSc., PG, vice president of exploration 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 Licensed Professional
Geologist in several US states.

Assays and Quality Assurance/Quality Control
To ensure reliable sample results, Wildcat 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 Skyline
Laboratories, an ISO/IEC accredited lab located in Tucson, Arizona.
Skyline Laboratories prepares two pulps of all samples and completes
analysis of one pulp sample by ICP for Cu% (copper), Pb% (lead), Zn%
(zinc) and Mn% (manganese). The second pulp is shipped to Inspectorate
Labs, an ISO: 9001-2008 accredited laboratory in Reno, Nevada, where
the duplicate pulp is analyzed for Au (gold) and Ag (silver).  Silver
values are determined by fire assay (1 AT) with an AA finish.  For all
samples that assay greater than 200 ppm Ag, the sample is re-run using
fire assay (1 AT) with a gravimetric finish. In certain holes Skyline
also completes analysis of the pulps for Au (FA/AAS) and Ag by (Aqua
Regia digestion and AA finish).  If over 150 g/t, all Silver assays are
redone using FA/Grav finish at 1AT.

About Wildcat
Wildcat is a Canadian mineral exploration company focused on development
of Hermosa, its 80% owned silver project located in Santa Cruz County,
Arizona. The project currently has an indicated mineral resource of 6.0
million tonnes averaging 187.8 grams per tonne silver for a total of 36
million ounces of silver in addition to an inferred mineral resource of
46.3 million tonnes averaging 58.6 grams per tonne silver for a total
of 85 million ounces of silver. The Company has completed an updated
preliminary economic assessment which contemplates an 18 year mine life
with expected annual production in excess of 6 million ounces of silver
for the first full six years of production.

Wildcat trades on the TSX Venture Exchange under the symbol WS.

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.

FORWARD LOOKING STATEMENTS
The statements that are not historical facts are forward-looking
statements involving known and unknown risks and uncertainties that
could cause actual results to vary materially from targeted results.
Such risks and uncertainties include those described from time to time
in Wildcat’s latest annual report and management discussion and
analysis. Wildcat assumes no obligation to publicly update any
forward-looking statements, whether as a result of new information,
future events or otherwise.

CAUTIONARY NOTE CONCERNING INFERRED MINERAL RESOURCES
A preliminary economic assessment is preliminary in nature and includes
inferred mineral resources. Inferred mineral resources have a great
amount of uncertainty as to their existence and as to their economic
and legal feasibility. It cannot be assumed that an inferred mineral
resource will have the economic consideration applied that would enable
it to be categorized in the mineral reserve category, and there is no
certainty that the preliminary assessment will be realized.

Attached map: http://files.newswire.ca/918/HermosaMap.pdf

 

 

 

SOURCE Wildcat Silver Corporation


Source: newswire



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