Mable Lake (Ramrod) Property

Property Description
The 100% wholly owned Mable Lake property consists of two claims totaling 325 hectares located approximately 25 km southeast of Bissett, Manitoba. The property is underlain by the Neo to Mesoarchean Bidou Lake Subgroup, consisting of mafic to felsic volcanic rocks, sedimentary rocks and gabbroic intrusions. The dominant structure affecting the area is the Beresford Lake shear zone trending northeast. This shear crosscuts the north-eastern corner of the claims. The number of quartz veins, of decimetre to metre-size and longer, on this property is estimated at several hundreds, interspersed with thousands of small (mm to cm sized) quartz veinlets. Sulphide mineralization in the quartz veins is scarce; however, the veins have the potential for gold mineralization and are structurally controlled in a northeasterly direction.
This property has historically seen limited exploration, despite the fact that gold discoveries in surrounding properties have enhanced its perceived mineral potential. The Cryderman Mine located 1.6 km west of the two Mable Lake claims was in production in the mid-1920's, although no actual production was ever reported. The Moore Lake exploration shaft located 200 m south of the Mable Lake claims was reportedly sunk in 1925 in gold-bearing quartz within a shear zone. No gold production is known from this shaft.

Activities in 2008
Wildcat established a grid of cut and picketed lines (31.8 km) in late 2007 as an initial step to systematically investigate this property. Prospecting for mineralization and simultaneous geological and structural investigations took place during 2008. A thorough investigation that concentrated on evidence of sulphide mineralization in quartz veins yielded twenty four rock samples. Of these, sample 797317 yielded the highest gold concentration assayed 0.12 g/t Au. Another quartz vein contained 0.53% Cu and 3.4 g/t Ag.

Activities Contemplated for the Future
The Company has no plans for further exploration work on the Mable Lake (Ramrod) property in the foreseeable future and has therefore recorded impairment and has written down its capitalized cost to nil.