Foster River Property

Property Description
Wildcat holds a 100% interest in the Foster River zinc-lead property in Northern Saskatchewan, located approximately 120 km north of the town of La Ronge. The property consists of three claims (8,089 ha) which are subject to a 2% net smelter royalty. Two additional claims (3,784 ha) were surrendered in 2009.

Multiple lines of evidence including age, metamorphic grade, lithologies of accompanying rocks and the presence of minerals characteristic of the SEDEX (sedimentary exhalative) type of Zn-Pb deposits, highlight compelling parallels between the Foster River Zn-Pb mineralization and that of the Broken Hill type Zn-Pb orebodies in Western Australia and elsewhere in the world. Broken Hill itself is a large deposit containing approximately 300 million tonnes of ore grading in excess of 15% combined Zn and Pb.

Past exploration of the Foster River property, undertaken over decades by prospectors and major companies, outlined several Zn-Pb occurrences of which the most significant is the Sito East, an historical (not 43-101 compliant) mineral occurrence containing 50,000 drill-defined tonnes with a grade of 4.5 % Zn.

Activities in 2009
A compilation of all relevant geological information available for the Foster River property was prepared during 2009.

Wildcat continued supporting a research project dealing with the composition and geochemistry of the Foster River mineralization. This study, undertaken by Mr. J. Steadman, under the direction of Prof. Dr. P. G. Spry of Iowa State, is completed and the final report was received.

Activities Contemplated for 2010
Wildcat’s exploration efforts will focus on the southern portion of this property to evaluate the feasibility of a gravity survey to trace the Zn Pb-bearing layer and to attempt to identify the origin of highly mineralized glacially transported boulder trains with the help of a glacial sediment dispersion consultant.

The erratically deposited glacial boulders, characterized by the some of the highest Pb-Zn concentrations recorded on this property (up to 13.2 % Zn and 14.9 % Zn+Pb combined), may be subdivided into two distinct populations, one Zn-rich and the other predominantly mineralized with Pb. Tracing of the boulder trains to their putative origin undertaken by Wollex Exploration in 1971, tentatively identified the source of the mineralization in an area covered by the Foster River and alluvial detritus.

With the aid of the gravity survey and the glaciologist’s information Wildcat will formulate the direction of further exploration in this area.