Jeep Property

Property Description
The Jeep property comprises 26 contiguous unpatented mining claims totaling 4,016 hectares on which Wildcat holds a 100% of the mineral rights. The property is located approximately 14 km east of San Gold’s Rice Lake mine in the town of Bissett, with its southern boundary partially defined by Provincial Highway 304. In addition to the original project area, in March 2008 Wildcat signed a letter of intent with Harvest Gold Corp. to acquire a 25% interest in two claims (Morore and Gudroc) covering 405 hectares adjacent to the south east boundary of the Jeep property.
The property is underlain by two distinct geological domains: 1) in the north, the “Jeep Gabbro” and granitoids of the Wanipigow River Plutonic Complex, and 2) in the south, a narrow east-trending extension of the Little Beaver Belt, consisting of mafic and felsic volcanic rocks and minor iron formation and mafic and felsic intrusions. The Jeep Gabbro is a multi-phased intrusion composed of mafic to intermediate intrusive rocks and, in places, partially assimilated xenolithic rocks. An area adjacent to the former Jeep Gold Mine is characterized by a prominent magnetic susceptibility high. The magnetic susceptibility high is interpreted to be due to large amounts of pyrrhotite occurring in a complex assemblage of mafic and intermediate magmatogenic rocks, felsic volcanogenic and derived sedimentary rocks, quartz porphyry, and hybrid rocks consisting of quartz diorite and gabbro that intruded and partially assimilated heterolithic clastic debris. The resulting hybrid rocks contain ubiquitous mineralization consisting of disseminated, semi-massive, podiform and fracture-controlled pyrrhotite, chalcopyrite, bornite, and traces of pyrite and arsenopyrite.

Activities in 2008

Nine diamond drill holes were completed totaling 2,687 m during the 2007-2008 drill program, beginning in November of 2007. Drill holes JP-08-01 and JP-08-02 were drilled in late 2007 and seven additional holes were drilled between January and April of 2008 (holes JP-08-03 to JP-08-10 excluding JP-08-07). The drilling focused on two target types:
1) In vicinity of the Jeep Mine shaft holes JP-08-01 and JP-08-02 targeted shear zones containing elevated PGE concentrations. The location of these shears was based on anomalies detected by a VLF survey conducted in 2005 and corroborated by geological mapping in the summer of 2007.
2) Drill targets identified by both an IP survey conducted in the winter of 2008 and a magnetic survey dated late 2007. The surveys identified linearly arranged highly conductive trends interpreted as consisting of sulphide-bearing shears. Drilling concentrated on the intersections of these conductive trends based on the potential for suspected sulphide mineralization to be especially concentrated at the intersection of shear zones.
Drill hole JP-08-03, targeting an IP anomaly northeast of the Jeep Mine shaft, intersected 3.09 g/t Au over 1.42 m at 138.08 m depth. Two drill holes (JP-08-04; JP-08-05) with a common drill collar intersected anomalous PGE concentrations. Hole JP-08-04 intersected 80 ppb Pt, 250 ppb Pd, 0.30% Cu and 0.22% Ni over 0.43 m at 280 m depth. Hole JP-08-05 returned 30 ppb Pt, and 95 ppb Pd over a distance of 1.48 m at a depth of 3.97 meters.
Between February and April, 2008, the Company commissioned an IP survey along 32 line-km to define shear zones and/or concentrations of sulphides in the underlying bedrock. Survey lines were spaced at 100 m, station intervals were 25 m.
On the Jeep property the Company began surface exploration activities in June, consisting of geological mapping and sampling focused on the southern claims both around the Jeep Mine shaft and in the southeastern claims including those areas now covered by the joint venture agreement with Harvest Gold Corp. This summer project aimed to identify and sample mineralized shears within the Jeep Gabbro, map the surface expression of the gabbro, test sulphide mineralization near the gabbro/granitoid contact and investigate anomalous PGE findings from the Jeep winter 2007-2008 drill program (JP-08-04/JP-08-05).
Sample JP 15935, a grab sample collected 50 m west of the Jeep Mine shaft, contained 220.2 g/t Au within a mineralized quartz vein that is thought to be the exposure of the gold bearing quartz that sustained the original Jeep mining operation. The best assay results came from an outcrop located 120 m to the west of the drill collars of JP-08-04/JP-08-05. The outcrop displayed a 1 m wide shear zone with chalcopyrite, malachite and pyrrhotite. A grab rock sample, JP 15913 of this outcrop returned significantly elevated concentrations (760 ppb Pd, 200 ppb Pt and 0.53% Cu).
In mid-July a team of Company geologists investigated the northern Jeep claims. Twelve rock grab samples were collected and assayed for Au, Ni, Cu and PGE. Four of these samples collected along the western shore of Leaf Lake returned elevated concentrations of copper (ranging from 0.18% to 0.48%).
Prospecting programs over the Wanipigow Shear Zone in the southwestern Jeep claims yielded nine rock grab samples analyzed for Au, Ag, Ni, Pt, Pd and Zn. Sample JP 15958 returned 0.36% Cu.

Activities Contemplated for the Future

Wildcat plans to follow up on the anomalous Au, PGE and Cu mineralization encountered both in the 2007-2008 winter drill program and the 2008 summer prospecting program over the southeastern Jeep claims. In the southeast end of the Jeep property, an exposed mineralized shear that strikes into the optioned Morore and Gudroc claims is deemed to be of potentially high economic importance. The Company’s geologists have recommended a geophysical survey (IP) to investigate the exact location and strike of this target. Recent advances in the mathematical processing of raw IP data are expected to enhance accuracy in the portrayal of drill target locations.
In addition, the Company is integrating all available sampling and drilling records of the Jeep mine and its vicinity, including historical data from the original Jeep Gold Mine and Wildcat’s more recent data. From the resultant digital database, three-dimensional modeling will be used to generate new insights to the arrangement and distribution of the high-grade gold vein systems both underground and on surface. These insights will assist in the analysis of previous drilling campaigns and in the planning of future exploration to assess the economic potential of the Jeep mineralization.