Source: Samuel Ekins/LinkedIn
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Wildcat Resources (WC8) has identified a north-northeast-trending corridor that extends from the Red Panda prospect to the eastern side of the Wildplay JV project in WA
  • Within this corridor are lithium-caesium-tantalum (LCT) pegmatites that have been confirmed through an analysis of drill results and rock chip sampling
  • Wildcat plans to conduct geological mapping and sampling to follow up on these findings and will then undertake drilling at priority zones
  • Company shares have been trading down 25.8 per cent to trade at 4.6 cents

Wildcat Resources (WC8) has confirmed the presence of lithium-caesium-tantalum (LCT) pegmatites at the Wildplay joint venture (JV) project in Western Australia’s Eastern Goldfields region.

The Bullabulling project (Wildplay JV) is held in a joint venture with Fairplay Gold which gives Wildcat the option to earn up to 75 per cent in the non-gold rights of the project.

The company received results from reverse circulation (RC) drill holes and rock chip sampling at the Red Panda prospect which were reviewed by a consulting geochemist.

According to the geochemical data, the first phase of drilling intercepted enriched LCT pegmatites that may be associated with mineralised LCT pegmatites nearby.

The LCT pegmatites reportedly indicate a prospective north-northeast-trending corridor that extends from Red Panda to the eastern side of the Wildplay JV tenements.

Wildcat CEO Samuel Ekins commented on the results.

“Analysis of exploration results by the exploration team has confirmed that Red Panda and other pegmatite occurrences within the Wildplay JV straddle the ‘Goldilocks Zone’ for mineralised LCT pegmatites,” he said.

“The new target area will be effectively and rapidly assessed by mapping and geochemical sampling utilising a portable XRF to confirm targets for follow up drilling.”

Wildcat Resources will conduct geological mapping and soil sampling in the target area and will then drill test priority zones of the LCT corridor.

Company shares were down 25.8 per cent to trade at 4.6 cents at 12:02 pm AEDT.

WC8 by the numbers
More From The Market Herald

" Frugl (ASX:FGL) releases new grocery app update

Retail intelligence ecosystem Frugl (ASX: FGL) has released version 3.0 of Frugl Grocery, a free grocery…

" Vanadium Resources (ASX:VR8) increases stake in Steelpoortdrift Project

Vanadium Resources (A:VR8) increased its interest to 73.95 per cent in the Tier 1 Steelpoortdrift Vanadium…

" PNX Metals (ASX:PNX) aims to raise $4.6 million from entitlement offer

PNX Metals (ASX:PNX) is aiming to raise $4.6 million through a non-renounceable entitlement offer.
The Market Herald Video

" Beforepay (ASX:B4P) still in the red after Monday debut

Beforepay Group (ASX:B4P) still in the red after Monday debut