Pacific Wildcat Announces: Assay Work Commences on 3,482 Metres of Drilling at Mrima Hill
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/21/13 -- Pacific Wildcat Resources Corp. (TSX VENTURE: PAW) ("PAW" or the "Company"), wishes to advise that assaying work has commenced on the remaining 37 holes drilled in 2012 comprising 3,482 metres of Reverse Circulation drilling at the Mrima Hill Niobium and Rare Earth Project in Kenya. Assaying is being undertaken in two stages with stage one focusing on ten holes for a total of 976 metres. A plan showing the location of the Stage 1 holes can be found at the following link: http://media3.marketwire.com/docs/paw521i.pdf.
Darren Townsend PAW President and CEO commented, "We are very pleased to be able to commence processing of the residual RC drilling samples from the 2012 program. The purpose of this drilling was to focus on defining high grade Total Rare Earth zones to be used as part of the Company's inaugural National Instrument 43-101 compliant Total Rare Earth Resource estimate scheduled for completion in the third quarter of 2013."
ON BEHALF OF THE BOARD OF DIRECTORS OF
PACIFIC WILDCAT RESOURCES CORP.
Darren Townsend, President & CEO
About Pacific Wildcat Resources Corp.
Pacific Wildcat is a TSX Venture Exchange listed Canadian mineral exploration company having the trading symbol "PAW". PAW owns 100% of Stirling Capital Ltd and Cortec Pty Ltd, two UK companies that between them own a 70% interest in Cortec Mining Kenya Limited, a Kenyan company which has the mining rights to the Mrima Hill Niobium and Rare Earth Project in Kenya. This is an ex Anglo American and Pechiney property the subject of extensive historic work. In July 2011 the Company completed an initial NI 43-101 compliant inferred niobium resource estimate of 105.3 million tonnes at 0.65% Nb2O5 for a total of 1.519 billion pounds contained Nb2O5 to a depth of 30 metres from the surface. See NR 2011-14 'PAW initial niobium resource estimate at Mrima Hill exceeds 1.5 billion pounds' for details.
For information about Pacific Wildcat Resources Corp. and its development and exploration activities shareholders and other interested parties are invited to visit the company's website at www.pacificwildcat.com.
Pacific Wildcat Resources Corp. website: www.pacificwildcat.com
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, the completion of certain financings, work programs, the estimation of mineral resources and the Company's plans with respect to the exploration and development of its projects and its 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. There can be no assurance that the Company will be able to obtain all of the permits that are required in order to commence mining operations at the Mrima Hill Project.
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.
Contacts:
Pacific Wildcat Resources Corp.
Terese Gieselman
Company Secretary/Chief Financial Officer
+1-250-768-0009
info@pacificwildcat.com
www.pacificwildcat.com